Company: DEFI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001999371-25-011381
Chunk: 34

Company: Tidal Commodities Trust I
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 34
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 accounts, be aggregated, and margin requirements would be
assessed on a portfolio basis, measuring the total risk of the combined positions.

Sponsor
Fee Allocation of Expenses

The
Sponsor is responsible for investing the assets of the Fund in accordance with the objectives and policies of the Fund.

The
Fund pays the Sponsor a management fee, monthly in arrears, in an amount equal to 0.25% per annum of the daily NAV of the Fund
(the “Management Fee”). Prior to February 10, 2025, the annualized rate was 0.90%. The Management Fee is paid in consideration
of the Sponsor’s services related to the management of the Fund’s business and affairs, including the provision of
commodity futures trading advisory services. Creation with cash may cause the Fund to incur certain costs including brokerage
commissions and redemptions of creation units with cash may result in the recognition of gains or losses that the Fund might not
have incurred if it had made redemptions in-kind. The Fund pays all of its respective brokerage commissions, including applicable
exchange fees, National Futures Association fees and give-up fees, and other transaction related fees and expenses charged in
connection with trading activities for the Fund’s investments in CFTC regulated investments. The Fund also pays all fees
and commissions related to the EFP transactions for the sale and purchase of spot bitcoin, including any bitcoin transaction fees
for on-chain transfers of bitcoin. The Fund bears other transaction costs related to the FCM capital requirements on a monthly
basis. The Sponsor pays all of the routine operational, administrative and other ordinary expenses of the Fund, generally as determined
by the Sponsor, including but not limited to, fees and expenses of the Administrator, Sub-Administrator, Custodians, Marketing
Agent, Transfer Agent, licensors, accounting and audit fees and expenses, tax preparation expenses, legal fees, ongoing SEC registration
fees, individual Schedule K-1 preparation and mailing fees, and report preparation and mailing expenses. The Fund pays all of
its non-recurring and unusual fees and expenses, if any, as determined by the Sponsor. Non-recurring and unusual fees and expenses
are unexpected or unusual in nature, such as legal claims and liabilities and litigation costs or indemnification or other unanticipated
expenses. Extraordinary fees and expenses also include material expenses which are not currently anticipated obligations of the
Fund. Routine operational, administrative and other ordinary expenses are not deemed extraordinary expenses.

F-27 

Income
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