Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 274

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 274
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 States federal income tax consequence described herein. The IRS may disagree with
the discussion herein, and its determination may be upheld by a court. Moreover, there can be no assurance that future legislation, regulations,
administrative rulings or court decisions will not adversely affect the accuracy of the statements in this discussion.

THIS DISCUSSION IS ONLY A SUMMARY OF CERTAIN UNITED
STATES FEDERAL INCOME TAX CONSIDERATIONS ASSOCIATED WITH THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR SECURITIES. EACH PROSPECTIVE
INVESTOR IN OUR SECURITIES IS URGED TO CONSULT ITS OWN TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES TO SUCH INVESTOR OF
THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR SECURITIES, INCLUDING THE APPLICABILITY AND EFFECT OF ANY UNITED STATES FEDERAL NON-INCOME,
STATE AND LOCAL TAX LAWS AND NON-UNITED STATES TAX LAWS.

Allocation of Purchase Price and Characterization of a Unit

No statutory, administrative
or judicial authority directly addresses the treatment of a unit or any instrument similar to a unit for United States federal income
tax purposes, and therefore, that treatment is not entirely clear. The acquisition of a unit should be treated for United States federal
income tax purposes as the acquisition of one ordinary share and one-half of one warrant, and the company intends to treat the acquisition
of a unit in such manner. By purchasing a unit, you agree to adopt such treatment for United States federal income tax purposes. For
United States federal income tax purposes, each holder of a unit must allocate the purchase price paid by such holder for such unit between
the one ordinary share and the one-half of one warrant based on the relative fair market value of each at the time of issuance. Under
U.S. federal income tax law, each holder must make his or her own determination of such value based on all the relevant facts and circumstances.
Therefore, we strongly urge prospective investors and holders to consult their own tax advisor regarding the determination of value for
these purposes. For United States federal income tax purposes,

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a holder’s initial tax basis in each ordinary
share generally should be the portion of the purchase price of the applicable unit allocated to such ordinary share, and a holder’s
initial tax basis in each one-half of one warrant generally should be the portion of the purchase price of the applicable unit allocated
to such one-half of