Company: TACOW
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001829126-25-002771
Chunk: 291

Company: Berto Acquisition Corp.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 291
---
 If a U.S. Holder that exercises such warrants
properly makes and maintains a QEF election with respect to the newly acquired ordinary shares (or has previously made a QEF election
with respect to our ordinary shares), the QEF election will apply to the newly acquired ordinary shares. Notwithstanding such QEF election,
the excess distribution rules discussed above, adjusted to take into account the current income inclusions resulting from the QEF election,
will continue to apply with respect to such newly acquired ordinary shares (which, while not entirely clear, generally will be deemed
to have a holding period for purposes of the PFIC rules that includes the period during which the U.S. Holder held the warrants exercised
for such ordinary shares), unless the U.S. Holder makes a purging election under the PFIC rules. U.S. Holders are urged to consult their
own tax advisors regarding the application of the rules governing purging elections to their particular circumstances.

<div align='center'>189</div>

The QEF election is made on a
shareholder-by-shareholder basis and, once made, can be revoked only with the consent of the IRS. A U.S. Holder generally makes a QEF
election by attaching a completed IRS Form 8621 (Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified
Electing Fund), including the information provided in a PFIC annual information statement, to a timely filed United States federal income
tax return for the tax year to which the election relates. Retroactive QEF elections generally may be made only by filing a protective
statement with such return and if certain other conditions are met or with the consent of the IRS. U.S. Holders should consult their
own tax advisors regarding the availability and tax consequences of a retroactive QEF election under their particular circumstances.

In order to comply with the requirements
of a QEF election, a U.S. Holder must receive a PFIC annual information statement from us. If we determine we are a PFIC for any taxable
year, upon written request, we will endeavor to provide to a U.S. Holder such information as the IRS may require, including a PFIC annual
information statement, in order to enable the U.S. Holder to make and maintain a QEF election, but there can be no assurance that we
will timely provide such required information. There also can be no assurance that we will have timely knowledge of our status as a PFIC
in the future or of the required information to be provided