Company: BEAG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044296
Chunk: 20

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 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 March 31, 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 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 three months ended March 31, 2025 and 2024, the
Company incurred expenses of $45,000 and $0, respectively for services under this agreement, which were included in the general and administrative
expenses on the accompanying statements of operations. As of March 31, 2025 and December 31, 2024, $75,000 and $30,000, respectively
is included in accounts payable 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