Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 189

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 189
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 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 dishonesty, willful default, willful neglect, fraud or the consequences of committing a crime. Our Post-offering Memorandum and
Articles of Association will provide for indemnification of our officers and directors to the maximum extent permitted by law, that we shall indemnify each existing or former secretary, director (including alternate director), and any of our other officers (including an investment adviser or an administrator or liquidator) and their personal representatives against: (a) all actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or sustained by the existing or former director (including alternate director), secretary or officer in or about the conduct of our business or affairs or in the execution or discharge of the existing or former director (including alternate director), secretary’s or officer’s duties, powers, authorities or discretions; and (b) without limitation to paragraph (a) above, all costs, expenses, losses or liabilities incurred by the existing or former director (including alternate director), secretary or officer in defending (whether successfully or otherwise