Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 250

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 250
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isable not later than 180 days
from the date on which payment is made for our securities. If a purchaser elects to exercise the right of action for rescission, the
purchaser will have no right of action for damages against us. In no case will the amount recoverable in any action exceed the price
at which our securities were offered to the purchaser and if the purchaser is shown to have purchased the securities with knowledge of
the misrepresentation, we will have no liability. In the case of an action for damages, we will not be liable for all or any portion
of the damages that are proven to not represent the depreciation in value of our securities as a result of the misrepresentation relied
upon. These rights are in addition to, and without derogation from, any other rights or remedies available at law to an Ontario purchaser.
The foregoing is a summary of the rights available to an Ontario purchaser. Ontario purchasers should refer to the complete text of the
relevant statutory provisions.

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Enforcement of Legal Rights

A majority of our officers and directors as well
as the experts named herein are located outside of Canada and, as a result, it may not be possible for Canadian purchasers to effect
service of process within Canada upon us or those persons. All of our assets and the assets of those persons are located outside of Canada
and, as a result, it may not be possible to satisfy a judgment against us or those persons in Canada or to enforce a judgment obtained
in Canadian courts against us or those persons outside of Canada.

Collection of Personal Information

If a Canadian purchaser is resident in or otherwise
subject to the securities laws of the Province of Ontario, the Purchaser authorizes the indirect collection of personal information pertaining
to the Canadian purchaser by the Ontario Securities Commission (the “OSC”) and each Canadian purchaser will be required to
acknowledge and agree that the Canadian purchaser has been notified by us (i) of the delivery to the OSC of personal information pertaining
to the Canadian purchaser, including, without limitation, the full name, residential address and telephone number of the Canadian purchaser,
the number and type of securities purchased and the total purchase price paid in respect of the securities, (ii) that this information
is being collected indirectly by the OSC under the authority granted to it in securities legislation, (iii) that this information is
being collected for the purposes of the administration and enforcement of the securities legislation of Ontario, and (iv) that the title,
business