Company: DEFI
Filing Date: 2025-11-04
Form Type: POS AM
Source: 0001999371-25-016766
Chunk: 102

Company: Tidal Commodities Trust I
Filing Date: 2025-11-04
Form: POS AM
Chunk 102
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, damages, and liabilities incurred in the performance of its duties under the Agreement, except where such issues arise from the Cash Custodian’s failure to meet the agreed standard of care. The Trust retains the discretion to appoint additional custodians as necessary to manage its assets, subject to the terms of separate agreements. The Sponsor has the authority to add or terminate Custodians as deemed appropriate. 83 The governing law for the Cash Custody Agreement is the laws of the State of Minnesota. The Fund is subject to various risks associated with the potential insolvency of the Cash Custodian. In the event of the Cash Custodian’s insolvency, the Fund’s assets held under custody might be subject to legal and financial complexities, which would subject the Fund to the following risks:

| ● | Access                                                                          
 to Assets: In the case of the Cash Custodian’s insolvency, there may be delays  
 or difficulties in accessing the Fund’s assets held by the Cash Custodian. This 
 situation could impact the Fund’s ability to meet its financial obligations or  
 to execute its investment strategies promptly.                                  |

| ● | Asset                                                                                       
 Recovery and Transfer: The process of recovering and transferring assets to a new custodian 
 in the event of insolvency may prove time-consuming and complex. This process might involve 
 legal proceedings and negotiations, potentially leading to a prolonged period during        
 which the assets are not actively managed or are inaccessible.                              |

| ● | Financial                                                                               
 Losses: Ther Fund may incur financial losses if the assets held by the Cash Custodian   
 are entangled in insolvency proceedings. The Fund might not recover the full value of   
 its assets, particularly if any part of the assets becomes part of the Cash Custodian’s 
 bankruptcy estate.                                                                      |

| ● | Operational                                                                           
 Disruptions: Transitioning to a new custodian may cause operational disruptions. This 
 includes administrative burdens, potential errors during the transfer of records and  
 assets, and the need to establish new operational protocols.                          |

In addition to the foregoing risks, the Fund would be subject to additional risks if the Custody Agreement is terminated, which include:

| ● | Cost                                                                                        
 Implications: Terminating the agreement and engaging a new custodian might incur additional 
 costs, including early termination fees, transfer fees, and higher fees charged by a        
 new custodian.                                                                              |

| ● | Continuity                                                                                 
 of Service: There is a risk of service interruptions during the transition period, which   
 might affect the Fund’s ability to execute transactions and manage its