Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 172

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 172
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a liquidation with respect to such rights, and the rights will be worthless.

<div align='center'>108</div>

We will seek to have all third parties (including
any vendors or other entities we engage after this offering) and any prospective target businesses enter into valid and enforceable agreements
with us waiving any right, title, interest or claim of any kind they may have in or to any monies held in the trust account. The underwriters
in this offering will execute such a waiver agreement. As a result, the claims that could be made against us will be limited, thereby
decreasing the likelihood that any claim would result in any liability extending to the trust. We therefore believe that any necessary
provision for creditors will be reduced and should not have a significant impact on our ability to distribute the funds in the trust
account to our public shareholders. Nevertheless, there is no guarantee that vendors, service providers, and prospective target businesses
will execute such agreements. In the event that a potential contracted party were to refuse to execute such a waiver, we will execute
an agreement with that entity only if our management first determines that we would be unable to obtain, on a reasonable basis, substantially
similar services or opportunities from another entity willing to execute such a waiver. Examples of instances where we may engage a third
party that refuses to execute a waiver would be the engagement of a third-party consultant who cannot sign such an agreement due to regulatory
restrictions, such as our auditors who are unable to sign due to conflicts-of-interest requirements, or whose particular expertise or
skills are believed by management to be superior to those of other consultants who would agree to execute a waiver or a situation in
which management does not believe it would be able to find a provider of required services willing to provide the waiver. There is also
no guarantee that, even if they execute such agreements with us, they will not seek recourse against the trust account. Our insiders
will agree that they will be jointly and severally liable to us if and to the extent any claims by a vendor for services rendered or
products sold to us, or a prospective target business with which we have discussed entering into a transaction agreement, reduce the
amount of funds in the trust account to less than $10.00 per public share, except as to any claims by a third party that executed a valid
and enforceable agreement with us waiving any right, title, interest, or claim of any kind it may have in or to any monies