Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 1473

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 1473
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 (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, 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