Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 211

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 211
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 express or implied association between
our sponsor and the company or any of its affiliates, which agreement will provide that the indemnified parties cannot access the funds
held in our trust account. Additionally, 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 our initial business combination. We may pay
cash compensation to our 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, our advisors, or affiliates thereof in connection with the consummation
of our initial business combination. Our audit committee will review on a quarterly basis all payments that were made to our sponsor,
officers or directors, or our or their affiliates. Any such payments prior to an initial business combination will be made from funds
held outside the trust account. Other than quarterly audit committee review of such payments, we do not expect to have any additional
controls in place governing our reimbursement payments to our directors and officers for their out-of-pocket expenses incurred in connection
with identifying and consummating an initial business combination.

After the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting or management fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in the tender offer materials or proxy solicitation materials furnished to our shareholders in connection with a proposed initial business combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is unlikely the amount of such compensation will be known at the time of the proposed initial business combination, because the directors of the post-combination business will be responsible for determining officer and director compensation. Any compensation to be paid to our officers will be determined, or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of directors.

We do not intend to take any action to ensure that members of our management team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or all of our officers and directors may negotiate employment or consulting arrangements to remain with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management’s motivation in