Company: QSEA
Filing Date: 2025-02-24
Form Type: S-1
Source: 0001829126-25-001168
Chunk: 196

Company: Quartzsea Acquisition Corp
Filing Date: 2025-02-24
Form: S-1
Chunk 196
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 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 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 consumm