Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 232

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 232
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 business combination, as applicable,
as it will be up to the directors of the post- combination business to determine executive and director compensation.

We have entered into a registration
rights agreement with respect to the founder shares and private placement warrants, which is described under the heading “Principal Shareholders — Registration Rights.”

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Policy for Approval of Related Party Transactions

The audit committee of our board
of directors will adopt a policy setting forth the policies and procedures for its review and approval or ratification of “related
party transactions.” A “related party transaction” is any consummated or proposed transaction or series of transactions:
(i) in which the company was or is to be a participant; (ii) the amount of which exceeds (or is reasonably expected to exceed) the lesser
of $120,000 or 1% of the average of the company’s total assets at year-end for the prior two completed fiscal years in the aggregate
over the duration of the transaction (without regard to profit or loss); and (iii) in which a “related party” had, has or
will have a direct or indirect material interest. “Related parties” under this policy will include: (i) our directors, nominees
for director or officers; (ii) any record or beneficial owner of more than 5% of any class of our voting securities; (iii) any immediate
family member of any of the foregoing if the foregoing person is a natural person; and (iv) any other person who maybe a “related
person” pursuant to Item 404 of Regulation S-K under the Exchange Act. Pursuant to the policy, the audit committee will consider
(i) the relevant facts and circumstances of each related party transaction, including if the transaction is on terms comparable to those
that could be obtained in arm’s-length dealings with an unrelated third party, (ii) the extent of the related party’s interest
in the transaction, (iii) whether the transaction contravenes our Code of Ethics or other policies, (iv) whether the audit committee
believes the relationship underlying the transaction to be in the best interests of the company and its shareholders and (v) the effect
that the transaction may have on a director’s status as an independent member of the board and on his or her eligibility to serve
on the board’s committees. Management will present to the audit committee each proposed related party transaction, including all
relevant facts and circumstances relating thereto. Under the policy, we may consum