Company: QSEA
Filing Date: 2025-03-11
Form Type: S-1/A
Source: 0001829126-25-001676
Chunk: 196

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-11
Form: S-1/A
Chunk 196
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 ongoing and future transactions among us and
any of our officers and/or directors or their respective affiliates will be on terms believed by us to be no less favorable to us than
are available from unaffiliated third parties. Such transactions will require prior approval by our audit committee and a majority of
our independent directors, who in either case may, at our expense, be provided with access to our attorneys or independent legal counsel.
We will not enter into any such transaction unless our audit committee and a majority of our independent directors determines that the
terms of such transaction are no less favorable to us than those that would be available to us with respect to such a transaction from
unaffiliated third parties.

Related Party Policy

Prior to the consummation 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