Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 190

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 190
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 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 Our Post-offering Memorandum and Articles of Association provides for indemnification
of our officers and directors to the maximum extent permitted by law, (i) no individual serving as a director or an officer shall have
any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar
business activities or lines of business as us; and (ii) we renounce our interest in any corporate opportunity offered to any director
or officer unless such opportunity is expressly offered to such person solely in his or her capacity as a director or officer of our
Company unless such opportunity is expressly offered to such person solely in his or her capacity as a director or officer of 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
do not believe, however, that the pre-existing fiduciary duties or contractual obligations of our officers, directors, and director nominees
will materially undermine our ability to complete our business combination because in most cases the affiliated companies are closely
held entities controlled by the officer or director or the nature of the affiliated company’s business is such that it is unlikely
that a conflict will arise.

The following table summarizes the current material
pre-existing fiduciary or contractual obligations of our officers, directors and director nominees:

| Name of Individual |     | Name of Affiliated Company             |     | Entity’s Business                         |     | Affiliation                                           |
| Qi Gong            |     | Yotta Acquisition Corporation          
 Quetta Acquisition Corporation         
 American Wall Street Listed Group Inc. 
 American Information Technology Inc.   
 U.S. China Health Products Inc.        
 U.S.-China                             
 Service Inc.                           |     | Special Purpose Acquisition Company       
 Special Purpose Acquisition               
 Company