Company: BEAG
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076723
Chunk: 21

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period, provided such release shall
not occur earlier than 180 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, amalgamation,
share exchange, reorganization or other similar transaction that results in 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 June 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 June 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