Company: QSEA
Filing Date: 2025-02-03
Form Type: DRS/A
Source: 0001829126-25-000616
Chunk: 198

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-03
Form: DRS/A
Chunk 198
---
 Chairwoman, Chief Executive Officer, Chief Financial Officer, and Director. Daniel M. McCabe is our independent director as well. Ms. Qi Gong and Daniel M. McCabe also serve as directors on two other SPACs, namely Quetta and Yotta. Quetta has not completed a business combination and it is still actively searching for a target to consummate a business combination. On January 10, 2025, Quetta held a special meeting of its stockholders, namely, among other matters, to extend the time Quetta has to complete a business combination to a  month-to-month extension basis, beginning on January 10, 2025, until October 10, 2026. Similarly, on August 22, 2024, Yotta’s stockholders at its annual meeting, approved Yotta’s right to extend the Business Combination Period from August 22, 2024 to October 22, 2025. Lastly, Daniel M. McCabe serves as an independent director of Black Hawk Acquisition Corporation, which is still searching for a target to consummate its business combination and has yet to file for an extension. Black Hawk Acquisition Corporation has until June 20, 2025 to complete its initial business combination, and if it fails to do so, Black Hawk Acquisition Corporation may seek approval from its shareholders to extend the time it has to complete its business combination without a vote of the public shareholders up to two times by an additional three months each time for a total of up to 18 or 21 months by depositing $690,000 into the trust account for each extension, as applicable. |

<div align='center'>121</div>

In general, officers, directors, and director nominees of a company incorporated under the laws of the Cayman Islands are required to present business opportunities to a company if:

| ● | the corporation could financially undertake the opportunity; |

| ● | the opportunity is within the corporation’s line of business; and |

| ● | it would not be fair to the corporation and its shareholders for the opportunity not to be brought to the attention of the corporation. |

Accordingly, as a result of multiple business affiliations, our officers, directors, and director nominees may have similar legal obligations relating to presenting business opportunities meeting the above-listed criteria to multiple entities. Furthermore, our Memorandum and Articles of Association provides that, to the maximum extent permitted by applicable law, our officers or directors shall have no duty, except to the extent expressly assumed by contract, to refrain from engaging directly or