Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 852

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 6
Chunk 852
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500 Founder Shares, resulting in the Sponsor holding an aggregate of 5,160,000 Founder
Shares.

The Sponsor and the Company’s executive
officers and directors have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the
earlier to occur of (A) one year after the completion of a business combination; and (B) subsequent to a business combination, (x) if
the closing price of the Class A ordinary shares equals 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.

F-13

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 December 31, 2024 and 2023, 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 December 31, 2024 and 2023