Company: TACOW
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001829126-25-002771
Chunk: 261

Company: Berto Acquisition Corp.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 261
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 must be approved by (i) in relation to a
compromise or arrangement between a company and its creditors or any class of them, a majority in number of such creditors or class of
creditors with whom the arrangement is to be made and who must in addition represent three-fourths in value of such creditors or class
of creditors, as the case may be, that are present and voting either in person or by proxy at a meeting summoned for that purpose; and
(ii) in relation to a compromise or arrangement between a company and its shareholders or any class of them, shareholders who represent
75% in value of the company’s shareholders or class of shareholders, as the case may be, that are present and voting either in
person or by proxy at a meeting summoned for that purpose. The convening of the meetings and subsequently the terms of the arrangement
must be sanctioned by the Grand Court of the Cayman Islands. While a dissenting shareholder would have the right to express to the court
the view that the transaction should not be approved, the court can be expected to approve the arrangement if it satisfies itself that:

| ● | we are not proposing to act illegally or beyond the scope                                            
 of our corporate authority and the statutory provisions as to majority vote have been complied with; |

| ● | the shareholders have been fairly represented at the general 
 meeting in question;                                         |

| ● | the arrangement is such as a businessman would reasonably 
 approve; and                                              |

| ● | the arrangement is not one that would more properly be sanctioned                                  
 under some other provision of the Companies Act or that would amount to a “fraud on the minority.” |

<div align='center'>172</div>

If a scheme of arrangement or
takeover offer (as described below) is approved, any dissenting shareholder would have no rights comparable to dissenters’ rights
or appraisal rights (providing rights to receive payment in cash for the judicially determined value of the shares), which would otherwise
ordinarily be available to dissenting shareholders of United States corporations.

Squeeze-out Provisions.
When a takeover offer is made and accepted by holders of 90% in value of the shares to whom the offer relates within four months, the
offeror may, within a two-month period after the expiration of the initial four-month period, require the holders of the remaining shares
to transfer such shares on the terms of the offer. An objection can be made to the Grand Court of the Cayman Islands but this is unlikely
to