Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 255

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 255
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The Companies Act provides for
a right of dissenting shareholders to be paid the fair value of their shares upon their dissenting to the merger or consolidation in
certain circumstances if they follow a prescribed procedure. In essence, where such rights apply, that procedure is as follows: (i) the
shareholder must give his written objection to the merger or consolidation to the constituent company before the vote on the merger or
consolidation, including a statement that the shareholder proposes to demand payment for their shares if the merger or consolidation
is authorized by the vote; (ii) within 20 days following the date on which the merger or consolidation is authorized by the shareholders,
the constituent company must give written notice to each shareholder who made a written objection; (iii) a shareholder must within 20
days following receipt of such notice from the constituent company, give the constituent company a written notice of his intention to
dissent including, among other details, a demand for payment of the fair value of their shares; (iv) within seven days following the
date of the expiration of the period set out in paragraph (ii) above or seven days following the date on which the plan of merger or
consolidation is filed, whichever is later, the constituent company, the surviving company or the consolidated company must make a written
offer to each dissenting shareholder to purchase their shares at a price that the company determines is the fair value and if the company
and the shareholder agree the price within 30 days following the date on which the offer was made, the company must pay the shareholder
such amount; and (v) if the company and the shareholder fail to agree on a price within such 30 day period, within 20 days following
the date on which such 30 day period expires, the company must (and any dissenting shareholder may) file a petition with the Grand Court
of the Cayman Islands to determine the fair value of all dissenting shares and such petition must be accompanied by a list of the names
and addresses of the dissenting shareholders with whom agreements as to the fair value of their shares have not been reached by the company.
At the hearing of that petition, the court has the power to determine the fair value of the shares together with a fair rate of interest,
if any, to be paid by the company upon the amount determined to be the fair value. Any dissenting shareholder whose name appears on the
list filed by the company may participate fully in