SEC Filing Document

Company: Berto Acquisition Corp. II
Ticker: GUAC
CIK: 2081515
Filing Type: S-1
Document Type: EX-3.2
Date Filed: 2026-04-27
Accession Number: 0001829126-26-003952
Exchange: 
SIC Code: 6770
SIC Description: Blank Checks
URL: https://www.sec.gov/Archives/edgar/data/2081515/000182912626003952/bertoacquisition2_ex3-2.htm

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have been surrendered and cancelled. 6.2 The Company shall not be bound to issue more than one certificate for Shares held jointly by more than one person and delivery of a certificate to one joint holder shall be a sufficient delivery to all of them. 6.3 If a share certificate is defaced, worn out, lost or destroyed, it may be renewed on such terms (if any) as to evidence and indemnity and on the payment of such expenses reasonably incurred by the Company in investigating evidence, as the Directors may prescribe, and (in the case of defacement or wearing out) upon delivery of the old certificate. 6.4 Every share certificate sent in accordance with the Articles will be sent at the risk of the Member or other person entitled to the certificate. The Company will not be responsible for any share certificate lost or delayed in the course of delivery.

6.5	Share certificates shall be issued within the relevant time limit as prescribed by
the Statute, if applicable, or as the rules and regulations of the Designated Stock
Exchange, the Securities and Exchange Commission and/or any other competent regulatory
authority or otherwise under Applicable Law may from time to time determine, whichever
is shorter, after the allotment or, except in the case of a Share transfer which the
Company is for the time being entitled to refuse to register and does not register,
after lodgement of a Share transfer with the Company.

7	Transfer of Shares

7.1	Subject to the terms of the Articles, any Member may transfer all or any of his Shares
by an instrument of transfer provided that such transfer complies with the rules and
regulations of the Designated Stock Exchange, the Securities and Exchange Commission
and/or any other competent regulatory authority or otherwise under Applicable Law.
If the Shares in question were issued in conjunction with rights, options, warrants or units issued pursuant to the Articles on terms that one cannot be transferred without the
other, the Directors shall refuse to register the transfer of any such Share without
evidence satisfactory to them of the like transfer of such right, option, warrant or unit.

7.2	The instrument of transfer of any Share shall be in writing in the usual or common
form or in a form prescribed by the rules and regulations of the Designated Stock
Exchange, the Securities and Exchange Commission and/or any other competent regulatory
authority or otherwise under Applicable Law or in any other form approved by the Directors
and shall be executed by or on behalf of the transferor (and if the Directors so require,
signed by or on behalf of the transferee) and may be under hand or, if the transferor
or transferee is a Clearing House or its nominee(s), by hand or by machine imprinted
signature or by such other manner of execution as the Directors may approve from time
to time. The transferor shall be deemed to remain the holder of a Share until the
name of the transferee is entered in the Register of Members.

8	Redemption, Repurchase and Surrender of Shares

8.1	Subject to the provisions of the Statute, and, where applicable, the rules and regulations
of the Designated Stock Exchange, the Securities and Exchange Commission and/or any
other competent regulatory authority or otherwise under Applicable Law, the Company
may issue Shares that are to be redeemed or are liable to be redeemed at the option
of the Member or the Company. The redemption of such Shares, except Public Shares,
shall be effected in such manner and upon such other terms as the Company may, by
Special Resolution, determine before the issue of such Shares. With respect to redeeming
or repurchasing the Shares:

(a)	Members who hold Public Shares are entitled to request the redemption of such Shares
in the circumstances described in the Business Combination Article hereof;

(b)	Shares held by the Founders shall be surrendered by the Founders, [excluding the Consultant], on a pro rata basis in aggregate and otherwise as agreed between the Company and such Founders (or by the Company in the absence
of such agreement), for no consideration to the extent that the Over-Allotment Option is not exercised
in full so that the Founders will own twenty per cent (20%) of the Company’s issued Shares after the IPO (exclusive of any securities purchased in a private placement simultaneously with the
IPO); and

(c)	Public Shares shall be repurchased by way of tender offer in the circumstances set out in the Business Combination Article hereof.

8.2	Subject to the provisions of the Statute, and, where applicable, the rules and regulations
of the Designated Stock Exchange, the Securities and Exchange Commission and/or any
other competent regulatory authority or otherwise under Applicable Law, the Company
may purchase its own Shares (including any redeemable Shares) in such manner and on
such other terms as the Directors may agree with the relevant Member or in the manner set out in the Business Combination Article hereof. For the avoidance of doubt, redemptions, repurchases and surrenders of Shares in
the circumstances described in the Article above shall not require further approval
of the Members.

8.3	The Company may make a payment in respect of the redemption or purchase of its own
Shares in any manner permitted by the Statute, including out of capital.

8.4	The Directors may accept the surrender for no consideration of any fully paid Share.

9	Treasury Shares

9.1	The Directors may, prior to the purchase, redemption or surrender of any Share, determine
that such Share shall be held as a Treasury Share.

9.2	The Directors may determine to cancel a Treasury Share or transfer a Treasury Share
on such terms as they think proper (including, without limitation, for nil consideration).

10	Variation of Rights of Shares

10.1	Subject to Article 3.1, if at any time the share capital of the Company is divided into different classes
of shares, all or any of the rights attached to any class (unless otherwise provided by the
terms of issue of the shares of that class) may, whether or not the Company is being wound up, be varied without
the consent of the holders of the issued shares of that class where such variation is considered by the Directors not to have a material
adverse effect upon such rights; otherwise, any such variation shall be made only
with the consent in writing of the holders of not less than two-thirds of the issued shares of that class, or with the approval of a resolution passed by a majority of not less
than two-thirds of the votes cast at a separate meeting of the holders of the shares of that class. For the avoidance of doubt, the Directors reserve the right, notwithstanding
that any such variation may not have a material adverse effect, to obtain consent
from the holders of shares of the relevant class. To any such meeting all the provisions of the Articles relating
to general meetings shall apply mutatis mutandis, except that the necessary quorum
shall be one person holding or representing by proxy at least one-third of the issued shares of the class and that any holder of shares of the class present in person or by proxy may demand a poll.

10.2	For the purposes of a separate class meeting, the Directors may treat two or more
or all the classes of shares as forming one class of shares if the Directors consider that such class of shares would be affected in the same way by the proposals under consideration, but in any
other case shall treat them as separate classes of shares.

10.3	The rights conferred upon the holders of the shares of any class issued with preferred or other rights shall not, unless otherwise expressly
provided by the terms of issue of the shares of that class, be deemed to be varied: (i) by the creation or issue of further shares ranking pari passu therewith or shares issued with preferred or other rights; or (ii) the issuance of any Preference Shares which, for the avoidance of doubt, may have such
rights as the Directors may determine in accordance with Article 3.5; or (ii) where the constitutional documents of the Company are amended or new constitutional
documents of the Company are adopted, in each case, as a result of the Company undertaking
a transfer by way of continuation to a jurisdiction outside the Cayman Islands.

11	Commission on Sale of Shares

The Company may, in so far as the Statute permits, pay a commission to any person
in consideration of his subscribing or agreeing to subscribe (whether absolutely or
conditionally) or procuring or agreeing to procure subscriptions (whether absolutely
or conditionally) for any Shares. Such commissions may be satisfied by the payment
of cash and/or the issue of fully or partly paid-up Shares. The Company may also on
any issue of Shares pay such brokerage as may be lawful.

12	Non-Recognition of Trusts