Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 649

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 4
Chunk 649
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 be satisfied by us
if (i) we have sufficient funds outside of the Trust Account or (ii) we consummate an initial business combination.

70

Our indemnification obligations may discourage
shareholders from bringing a lawsuit against our officers or directors for breach of their fiduciary duty. These provisions also may have
the effect of reducing the likelihood of derivative litigation against our officers and directors, even though such an action, if successful,
might otherwise benefit us and our shareholders. Furthermore, a shareholder’s investment may be adversely affected to the extent
we pay the costs of settlement and damage awards against our officers and directors pursuant to these indemnification provisions.

We believe that these provisions, the insurance
and the indemnity agreements are necessary to attract and retain talented and experienced officers and directors.

 Item 11. Executive Compensation.

None of our executive officers or directors have
received any cash compensation for services rendered to us. Commencing on the date that our securities are first listed on Nasdaq through
the earlier of consummation of our initial business combination and our liquidation, we will reimburse an affiliate of our Sponsor for
office space and administrative services provided to members of our management team in an amount equal to $15,000 per month. In addition,
our Sponsor, executive officers and directors, or any of their respective affiliates will be reimbursed for any out-of-pocket expenses
incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable
business combinations. In addition, we have agreed, pursuant to the administrative services and indemnification agreement with our Sponsor
relating to the monthly payment for office space and administrative services described above, that we will indemnify our 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 our Sponsor alleging any expressed or implied management or endorsement by our Sponsor of any of the Company’s
activities or any express or implied association between our Sponsor and the Company or any of its affiliates, which agreement will provide
that the indemnified parties cannot access the funds held in our Trust Account. Our audit committee will review on a quarterly basis all
payments that were made to our Sponsor, executive officers or directors, or our or their affiliates. Any such payments prior to an initial
business combination will be made from (i) funds held outside the Trust Account or (ii) interest earned on the Trust Account and released
to us to fund our working capital requirements (subject