Company: QSEA
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001829126-25-001750
Chunk: 193

Company: Quartzsea Acquisition Corp
Filing Date: 2025-03-12
Form: S-1/A
Chunk 193
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 and insures us against
our obligations to indemnify our officers and directors.

Our officers and directors have agreed to waive any
right, title, interest or claim of any kind in or to any monies in the trust account, and have agreed to waive any right, title, interest
or claim of any kind they may have in the future as a result of, or arising out of, any services provided to us and will not seek recourse
against the trust account for any reason whatsoever (except to the extent they are entitled to funds from the trust account due to their
ownership of public shares). Accordingly, any indemnification provided will only be able to be satisfied by us if (i) we have sufficient
funds outside of the trust account or (ii) we consummate an initial business combination.

We believe that these provisions, the insurance,
and the indemnity agreements are necessary to attract and retain talented and experienced officers and directors.

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have
been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is
therefore unenforceable.

<div align='center'>125</div>

<div align='center'>Principal shareholders</div>

The following table sets forth information regarding
the beneficial ownership of our ordinary shares as of the date of this prospectus and upon completion of the sale of our ordinary shares
included in the units offered by this prospectus (assuming none of the individuals listed purchase units in this offering), by:

| ● | each person known by us to be the                                    
 beneficial owner of more than 5% of our outstanding ordinary shares; |

| ● | each of our officers, directors, and 
 director nominees; and               |

| ● | all of our officers, directors and 
 director nominees as a group.      |

Unless otherwise indicated, we believe that all persons
named in the table have voting and investment power with respect to all ordinary shares beneficially owned by them.

On November 5, 2024, our Sponsor purchased
1,725,000 ordinary shares for an aggregate purchase price of $25,000, or approximately $0.0145 per ordinary share. On February 12, 2025,
the Company and the Sponsor entered into the First Amendment to the Subscription Agreement, pursuant to which the purchased amount of
shares was adjusted to 2,415,000