Company: TACOW
Filing Date: 2025-03-21
Form Type: S-1
Source: 0001829126-25-001978
Chunk: 158

Company: Berto Acquisition Corp.
Filing Date: 2025-03-21
Form: S-1
Chunk 158
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 purchased $23,957 for an aggregate of 6,887,500 ordinary shares (up to 937,500 of which will be
surrendered to us for no consideration depending on the extent to which the underwriters’ over-allotment option is exercised)
and Meteora (our consultant) paid $1,043 for an aggregate of 300,000 ordinary shares (none of which are subject to forfeiture in
connection with the exercise of the over-allotment option). These 7,187,500 ordinary shares are referred herein as “Founder
Shares”. Of these 7,187,500 Founder Shares, each of the Sponsor, Sponsor’s affiliates: Harry You and Robert You, and
Meteora held 2,575,000 shares (of which 375,000 shares are subject to forfeiture if the underwriters do not exercise their over-allotment
option), 2,300,000 shares (of which 300,000 shares are subject to forfeiture if the underwriters do not exercise their over-allotment
option), 2,012,500 shares (of which 262,500 shares are subject to forfeiture if the underwriters do not exercise their over-allotment
option) and 300,000 shares, respectively.

Administrative Support Agreement

Commencing on the date
of the Proposed Public Offering, we will agree to reimburse our 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 our sponsor will be deferred
and payable upon the closing of a business combination and will only be paid out of funds remaining outside of Trust Account.

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 Business
Combinations. Our audit committee will review on a quarterly basis all payments that were made to the Sponsor, executive officers
or directors, or ours or their affiliates.

Related Party Loans

Promissory Note

We entered into a loan
agreement with our sponsor on August 23, 2024, which was later amended on December 31, 2024, whereby our sponsor agreed
to loan us an aggregate of up to $300,000 to