Company: TACOW
Filing Date: 2025-04-15
Form Type: S-1/A
Source: 0001829126-25-002650
Chunk: 275

Company: Berto Acquisition Corp.
Filing Date: 2025-04-15
Form: S-1/A
Chunk 275
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 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 one warrant. Any disposition by a holder of a unit should be treated for United States federal income tax purposes
as a disposition of the ordinary share and the one-half of one warrant comprising the unit, and the amount realized on the disposition
should be allocated between the ordinary share and the one-half of one warrant based on their respective fair market values at the time
of disposition (as determined by such holder based on all the relevant facts and circumstances). The separation of the ordinary share
and the one-half of one warrant constituting a unit and the combination of two-halves of a warrant into a single warrant generally should
not be a taxable event for United States federal income tax purposes.

The foregoing treatment of the
units, ordinary shares and warrants and a holder’s purchase price allocation is not binding