Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 190

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 190
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         |     | Green Leaf Air Freight Inc.            |     | Investment and Air Freight Company        |     | General Manager                                       |

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Our insiders, including our officers and directors
have agreed to vote any ordinary shares (other than public shares purchased outside of a redemption offer which may not be voted in favor of approving the business combination
transaction in accordance with the requirements of Rule 14e-5 under the Exchange Act and any SEC interpretations or guidance relating
thereto) held by them in favor of our initial business combination, if permitted by law or regulation.
In addition, they have agreed to waive their respective rights to receive any amounts held in the trust account with respect to their
founder shares and private units if we do not complete our initial business combination within the required time frame. If they purchase
public shares in this offering or in the open market, however, they would be entitled to receive their pro rata share of the amounts
held in the trust account if we are unable to complete our initial business combination within the required time frame, but have agreed
not to redeem such shares in connection with the consummation of our initial business combination.

All ongoing and future transactions between us and
any of our officers and directors or their respective affiliates will be on terms believed by us to be no less favorable to us than are
available from unaffiliated third parties. Such transactions will therefore comply with Cayman Islands law.

Limitation on Liability and Indemnification of Officers and Directors

Cayman Islands law does not limit the extent to
which a company’s memorandum and articles of association may provide for indemnification of officers and directors except to
the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide
indemnification against willful default, willful neglect, civil fraud or the consequences of committing a crime. Our Memorandum and
Articles of Association provides for indemnification of our officers and directors to the maximum extent permitted by law, (i) no
individual serving as a director or an officer shall have any duty, except and to the extent expressly assumed by contract, to
refrain from engaging directly or indirectly in the same or similar business activities or lines of business as us; and (ii) we
renounce our interest in any corporate opportunity offered to any director or officer unless such opportunity is expressly offered
to such person solely in his or her capacity as a director or officer of