Company: BEAG
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110067
Chunk: 22

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 all of the Company’s shareholders having the right to
exchange their Class A ordinary shares for cash, securities or other property.

12

Promissory Note - Related Party

On March 12, 2021, the Company issued a promissory
note to the Sponsor, pursuant to which the Company could borrow up to an aggregate principal amount of $300,000. On June 26, 2024, the
Company and the Sponsor amended and restated such promissory note (the “Amended and Restated Formation and Regulatory Expenses Promissory
Note”), increasing the amount that the Company may borrow thereunder to $600,000. The Amended and Restated Formation and Regulatory
Expenses Promissory Note is non-interest bearing and payable on the earlier of the completion of the Business Combination or the Company’s
liquidation. As of September 30, 2025 and December 31, 2024, there was $542,975 outstanding under the Amended and Restated Formation and
Regulatory Expenses Promissory Note.

On June 26, 2024, the Company issued a second
promissory note (the “Initial Public Offering Promissory Note”) to the Sponsor, pursuant to which the Company may borrow up
to an aggregate principal amount of $400,000. The Initial Public Offering Promissory Note was non-interest bearing and payable on the
earlier of (i) December 31, 2024 or (ii) the completion of the Initial Public Offering. As of September 30, 2025 and December 31, 2024,
there was no amount outstanding under the Initial Public Offering Promissory Note as it was repaid in full on October 25, 2024.

Administrative Services and Indemnification
Agreement

The Company entered into an agreement (the “Administrative
Services and Indemnification Agreement”) commencing October 23, 2024 through the earlier of the Company’s consummation of
a Business Combination and its liquidation to pay an affiliate of the Sponsor $15,000 per month for office space and administrative services
and provide indemnification to the Sponsor from any claims arising out of or relating to the Initial Public Offering or the Company’s
operations or conduct of the Company’s business or any claim against the Sponsor alleging any expressed or implied management or
endorsement by the Sponsor of any of the Company’s activities or any express or implied association between the Sponsor and the