Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 711

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 711
---
 and payable on the earlier of (i) December 31, 2024 or (ii) the completion
of the Initial Public Offering. On October 25, 2024, the Initial Public Offering Promissory Note then outstanding of $80,500 was repaid
in full.

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
Company or any of its affiliates, which agreement provides that the indemnified parties cannot access the funds held in the Trust Account.
For the period from October 25, 2024 to December 31, 2024, the Company incurred $30,000 in administrative services expenses under the Administrative
Services and Indemnification Agreement.

58

Related Party Loans

In order to finance transaction costs in connection
with a business combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may,
but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans
would be evidenced by promissory notes. If the Company completes a business combination, the Company would repay the Working Capital Loans
out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds
held outside the Trust Account. In the event that a business combination does not close, the Company may use a portion of proceeds held
outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working
Capital Loans. There have been no borrowings under this arrangement to date. Such Working Capital Loans may be convertible into Private
Placement Shares of the post-business combination entity at a price of $10.00 per share at the option of the lender. Except for the foregoing,
the terms of such Working Capital