Company: TACOW
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001829126-25-004454
Chunk: 35

Company: Berto Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 Founder Shares, Sponsor Private Placement Warrants, and Working Capital Warrants are entitled to make up to
      three demands, excluding short form demands, that the Company register such securities. In addition, the holders of founder shares,
      Sponsor Private Placement Warrants, and Working Capital Warrants have certain “piggy-back” registration rights with
      respect to registration statements filed subsequent to our completion of the Initial Business Combination. The Underwriter Private
      Placement Warrants (including the underlying shares) will be entitled to resale registration rights including one demand and unlimited
      “piggy-back” rights for periods of five and seven years, respectively, from the commencement of sales in the Initial
      Public Offering, in compliance with FINRA Rule 5510(g)(8). We will bear the expenses incurred in connection with the filing
      of any such registration statements.

Administrative
      Services and Indemnification Agreement

Commencing
      on May 1, 2025, we agreed to reimburse the Sponsor or an affiliate thereof in an amount equal to $15,000 per month for office
      space, utilities and secretarial and administrative support. Upon completion of the Initial Business Combination or our liquidation,
      we will cease paying these monthly fees. Payment for such administrative services to the Sponsor will be deferred and payable upon
      closing of an Initial Business Combination and will only be paid out of funds remaining outside of Trust Account.

22

Our
      Sponsor, executive officers and directors, or any of their respective affiliates will be reimbursed for any out-of-pocket expenses
      incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence
      on suitable Initial Business Combinations. These individuals will be eligible to receive a transfer or reallocation of Founder
      Shares for any extraordinary services rendered in order to identify or effectuate the consummation of the Initial Business Combination.
      We may pay cash compensation to its independent directors for services rendered to us. Additionally, we may pay consulting, success,
      advisory, or finder’s fees to our Sponsor, our officers or directors, advisors, or affiliates thereof in connection with
      the consummation of the Initial Business Combination. Our audit committee will review on a quarterly basis all payments that were
      made to our Sponsor, executive officers or directors, or our or their affiliates.

In
      addition, pursuant to the administrative services and indemnification agreement described above, we will indemnify our Sponsor
      from any claims arising out of or