Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 305

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 305
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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 to an annual limit of $1,000,000). Other than quarterly audit committee review
of such reimbursements, we do not expect to have any additional controls in place governing our reimbursement payments to our directors
and executive officers for their out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying
and consummating an initial business combination. Furthermore, our independent directors has received membership interests in our Sponsor
as compensation for their service as directors to the company. Each of Diarmuid Cummins, Amy Gershkoff Bolles, Jason Park, Anna Marie
Wagner and Simon Watson has received membership interests in our Sponsor representing 25,000 Founder Shares for their service as a director.

After the completion of our initial business combination,
directors or members of