Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 191

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 191
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 our Company and such opportunity is one we are legally and
contractually permitted to undertake and would otherwise be reasonable for us to pursue, and to the extent the director or officer
is permitted to refer that opportunity to us without violating another legal obligation. We entered into agreements with our
officers and directors to provide contractual indemnification in addition to the indemnification provided for in our Memorandum and
Articles of Association. We expect to purchase a policy of directors’ and officers’ liability insurance that insures our
officers and directors against the cost of defense, settlement or payment of a judgment in some circumstances and insures us against
our obligations to indemnify our officers and directors.

Our officers and directors have agreed to waive any
right, title, interest or claim of any kind in or to any monies in the trust account, and have agreed to waive any right, title, interest
or claim of any kind they may have in the future as a result of, or arising out of, any services provided to us and will not seek recourse
against the trust account for any reason whatsoever (except to the extent they are entitled to funds from the trust account due to their
ownership of public shares). Accordingly, any indemnification provided will only be able to be satisfied by us if (i) we have sufficient
funds outside of the trust account or (ii) we consummate an initial business combination.

We believe that these provisions, the insurance,
and the indemnity agreements are necessary to attract and retain talented and experienced officers and directors.

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have
been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is
therefore unenforceable.

<div align='center'>123</div>

<div align='center'>Principal shareholders</div>

The following table sets forth information regarding
the beneficial ownership of our ordinary shares as of the date of this prospectus and upon completion of the sale of our ordinary shares
included in the units offered by this prospectus (assuming none of the individuals listed purchase units in this offering), by:

| ● | each person known by us to be the                                    
 beneficial owner of more than 5% of our outstanding ordinary shares; |

| ● | each of our officers, directors, and 
 director nominees; and               |

| ● | all of our officers, directors and 
 director