Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 769

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 769
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,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, 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
Company or any of its affiliates, which agreement provides that the indemnified parties cannot access the funds held in the Trust Account.
For the year ended December 31, 2024, the Company incurred expenses of $30,000 for services under this agreement, which were included
in the general and administrative expenses on the accompanying statements of operations. As of December 31, 2024, $30,000 is included
in accounts payable and accrued expenses in the accompanying balance sheets. 

Working Capital 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