Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 195

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 195
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,
the underwriters may participate in a “piggy-back” registration only during the seven-year period beginning on the effective
date of the registration statement of which this prospectus forms a part. We will bear the expenses incurred in connection with the filing
of any such registration statements.

<div align='center'>126</div>

The
Sponsor has agreed that, commencing on the effective date of the registration statement of
which this prospectus forms a part through the earlier of the consummation of our initial
business combination or our liquidation, it will make available to us certain general and
administrative services, including office space, utilities, and administrative support, as
we may require from time to time at $20,000 per month. No compensation or fees of any kind,
including finder’s fees, consulting fees, or other similar compensation, will be paid
to our insiders or any of the members of our management team, for services rendered to us
prior to, or in connection with the consummation of our initial business combination (regardless
of the type of transaction that it is). However, such individuals will receive reimbursement
for any out-of-pocket expenses incurred by them in connection with activities on our behalf,
such as identifying potential target businesses, performing due diligence of suitable target
businesses and business combinations as well as traveling to and from the offices, plants,
or similar locations of prospective target businesses to examine their operations. There
is no limit on the amount of out-of-pocket expenses reimbursable by us; provided, however,
that to the extent such expenses exceed the available proceeds not deposited in the trust
account and the interest income earned on the amounts held in the trust account, such expenses
would not be reimbursed to us unless we consummate an initial business combination.

After our initial business combination, members of
our management team who remain with us may be paid consulting, board, management, or other fees from the combined company with any and
all amounts being fully disclosed to shareholders, to the extent then known, in the proxy solicitation materials furnished to our shareholders.
It is unlikely the amount of such compensation will be known at the time of a shareholder meeting held to consider our initial business
combination, as it will be up to the directors of the post-combination business to determine executive and director compensation. In
this event, such compensation will be publicly disclosed at the time of its determination in a Current Report on Form 8-K, as required
by the SEC.

All