Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 197

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 197
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ation of this offering, we will
adopt a code of ethics requiring us to avoid, wherever possible, all conflicts of interests, except under guidelines or resolutions approved
by our board of directors (or the appropriate committee of our board). Related party transactions are defined as transactions in which
(1) the aggregate amount involved will or may be expected to exceed $120,000 in any calendar year, (2) we or any of our subsidiaries
is a participant, and (3) any (a) executive officer, director, or nominee for election as a director, (b) greater than 5% beneficial
owner of our ordinary shares, or (c) immediate family member, of the persons referred to in clauses (a) and (b), has or will have a direct
or indirect material interest (other than solely as a result of being a director or a less than 10% beneficial owner of another entity).
A conflict-of-interest situation can arise when a person takes actions or has interests that may make it difficult to perform his or
her work objectively and effectively. Conflicts of interest may also arise if a person, or a member of his or her family, receives improper
personal benefits as a result of his or her position.

We also require each of our directors and executive
officers to annually complete a director’s and officer’s questionnaire that elicits information about related-party transactions.

These procedures are intended to determine whether
any such related-party transaction impairs the independence of a director or presents a conflict of interest on the part of a director,
employee, or officer.

In no event will our insiders, or any of the members
of our management team be paid any finder’s fee, consulting fee or other similar compensation prior to, or for any services they
render in order to effect the consummation of our initial business combination (regardless of the type of transaction that it is), although
out-of-pocket expenses, loans made to the company, and other costs incurred in connection with the pursuit, initiation, and final consummation
of the initial business combination may be repaid in connection therewith.

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<div align='center'>Description of Securities</div>

We are an exempted company with limited liability
incorporated under the laws of the Cayman Islands, and our affairs are governed by our Memorandum and Articles of Association (as amended
from time to time), the Companies Act and common law of the Cayman Islands.

General

Our authorized