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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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

The Company shall not be bound by or compelled to recognise in any way (even when
notified) any equitable, contingent, future or partial interest in any Share, or (except
only as is otherwise provided by the Articles or the Statute) any other rights in
respect of any Share other than an absolute right to the entirety thereof in the holder.

13	Lien on Shares

13.1	The Company shall have a first and paramount lien on all Shares (whether fully paid-up
or not) registered in the name of a Member (whether solely or jointly with others)
for all debts, liabilities or engagements to or with the Company (whether presently
payable or not) by such Member or his estate, either alone or jointly with any other
person, whether a Member or not, but the Directors may at any time declare any Share
to be wholly or in part exempt from the provisions of this Article. The registration
of a transfer of any such Share shall operate as a waiver of the Company’s lien thereon. The Company’s lien on a Share shall also extend to any amount payable in respect of that Share.

13.2	The Company may sell, in such manner as the Directors think fit, any Shares on which
the Company has a lien, if a sum in respect of which the lien exists is presently
payable, and is not paid within fourteen clear days after notice has been received
or deemed to have been received by the holder of the Shares, or to the person entitled
to it in consequence of the death or bankruptcy of the holder, demanding payment and
stating that if the notice is not complied with the Shares may be sold.

13.3	To give effect to any such sale the Directors may authorise any person to execute
an instrument of transfer of the Shares sold to, or in accordance with the directions
of, the purchaser. The purchaser or his nominee shall be registered as the holder
of the Shares comprised in any such transfer, and he shall not be bound to see to
the application of the purchase money, nor shall his title to the Shares be affected
by any irregularity or invalidity in the sale or the exercise of the Company’s power of sale under the Articles.

13.4	The net proceeds of such sale after payment of costs, shall be applied in payment
of such part of the amount in respect of which the lien exists as is presently payable
and any balance shall (subject to a like lien for sums not presently payable as existed
upon the Shares before the sale) be paid to the person entitled to the Shares at the
date of the sale.

14	Calls on Shares

14.1	Subject to the terms of the allotment and issue of any Shares, the Directors may make
calls upon the Members in respect of any monies unpaid on their Shares (whether in
respect of par value or premium), and each Member shall (subject to receiving at least
fourteen clear days’ notice specifying the time or times of payment) pay to the Company at the time or
times so specified the amount called on the Shares. A call may be revoked or postponed,
in whole or in part, as the Directors may determine. A call may be required to be
paid by instalments. A person upon whom a call is made shall remain liable for calls
made upon him notwithstanding the subsequent transfer of the Shares in respect of
which the call was made.

14.2	A call shall be deemed to have been made at the time when the resolution of the Directors
authorising such call was passed.

14.3	The joint holders of a Share shall be jointly and severally liable to pay all calls
in respect thereof.

14.4	If a call remains unpaid after it has become due and payable, the person from whom
it is due shall pay interest on the amount unpaid from the day it became due and payable
until it is paid at such rate as the Directors may determine (and in addition all
expenses that have been incurred by the Company by reason of such non-payment), but
the Directors may waive payment of the interest or expenses wholly or in part.

14.5	An amount payable in respect of a Share on issue or allotment or at any fixed date,
whether on account of the par value of the Share or premium or otherwise, shall be
deemed to be a call and if it is not paid all the provisions of the Articles shall
apply as if that amount had become due and payable by virtue of a call.

14.6	The Directors may issue Shares with different terms as to the amount and times of
payment of calls, or the interest to be paid.

14.7	The Directors may, if they think fit, receive an amount from any Member willing to
advance all or any part of the monies uncalled and unpaid upon any Shares held by
him, and may (until the amount would otherwise become payable) pay interest at such
rate as may be agreed upon between the Directors and the Member paying such amount
in advance.

14.8	No such amount paid in advance of calls shall entitle the Member paying such amount
to any portion of a Dividend or other distribution payable in respect of any period
prior to the date upon which such amount would, but for such payment, become payable.

15	Forfeiture of Shares

15.1	If a call or instalment of a call remains unpaid after it has become due and payable
the Directors may give to the person from whom it is due not less than fourteen clear
days’ notice requiring payment of the amount unpaid together with any interest which may
have accrued and any expenses incurred by the Company by reason of such non-payment.
The notice shall specify where payment is to be made and shall state that if the notice
is not complied with the Shares in respect of which the call was made will be liable
to be forfeited.

15.2	If the notice is not complied with, any Share in respect of which it was given may,
before the payment required by the notice has been made, be forfeited by a resolution
of the Directors. Such forfeiture shall include all Dividends, other distributions
or other monies payable in respect of the forfeited Share and not paid before the
forfeiture.

15.3	A forfeited Share may be sold, re-allotted or otherwise disposed of on such terms
and in such manner as the Directors think fit and at any time before a sale, re-allotment
or disposition the forfeiture may be cancelled on such terms as the Directors think
fit. Where for the purposes of its disposal a forfeited Share is to be transferred
to any person the Directors may authorise some person to execute an instrument of
transfer of the Share in favour of that person.

15.4	A person any of whose Shares have been forfeited shall cease to be a Member in respect
of them and shall surrender to the Company for cancellation the certificate for the
Shares forfeited and shall remain liable to pay to the Company all monies which at
the date of forfeiture were payable by him to the Company in respect of those Shares
together with interest at such rate as the Directors may determine, but his liability
shall cease if and when the Company shall have received payment in full of all monies
due and payable by him in respect of those Shares.