Company: TACOW
Filing Date: 2025-04-09
Form Type: S-1/A
Source: 0001829126-25-002484
Chunk: 157

Company: Berto Acquisition Corp.
Filing Date: 2025-04-09
Form: S-1/A
Chunk 157
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 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 cover expenses related to the Proposed Public Offering pursuant to a promissory note
(the “Note”). This loan is non-interest bearing and payable on the earlier of June 30, 2025, or the date on which
we consummate the Proposed Public Offering. As of December 31, 2024, we had approximately $34,000 of borrowings under the
Note.

Working Capital Loans

In addition, in order to
finance transaction costs in connection with its Initial Business Combination, our sponsor or an affiliate of our sponsor, or our
officers and directors may, but are not obligated to, loan us funds as may be required (“Working Capital Loans”). If
we complete our Initial Business Combination, we would repay the Working Capital Loans. In the event that the Initial Business
Combination does not close, we may use a portion of proceeds held outside the trust account to repay the Working Capital Loans
but no proceeds held in the trust account would be used to repay the Working Capital Loans. If our sponsor makes any Working Capital
Loans, up to $1.5 million of such loans may be convertible into warrants of the post business combination entity at a price of
$1.