Company: DEFI
Filing Date: 2025-02-21
Form Type: POS AM
Source: 0001839882-25-010345
Chunk: 138

Company: Tidal Commodities Trust I
Filing Date: 2025-02-21
Form: POS AM
Chunk 138
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 has determined, in good faith, that such course of conduct was in the best interests of the Trust and such liability
or loss was not the result of gross negligence, willful misconduct, or a breach of this Trust Agreement on the part of the Sponsor.
All rights to indemnification permitted herein and payment of associated expenses shall not be affected by the dissolution or other
cessation to exist of the Sponsor, or the withdrawal, adjudication of bankruptcy or insolvency of the Sponsor, or the filing of
a voluntary or involuntary petition in bankruptcy under Title 11 of the Bankruptcy Code by or against the Sponsor. The governing
law for the agreement is the State of Delaware. For further discussion of the Trust Agreement, see “OPERATION OF THE FUND
-Trust Agreement”.

Administrator

The Fund employs Tidal ETF Services LLC
as Fund’s administrator (the “Administrator”). In turn, the Administrator has engaged U.S. Bancorp Fund Services,
LLC, doing business as U.S. Bank Global Fund Services (“Global Fund Services”) to act as sub-administrator. The Administrator
is a wholly-owned subsidiary of Sponsor. The Administrator is located at 234 West Florida Street, Suite 203, Milwaukee, Wisconsin
53204. The Administrator also assists the Fund and the Sponsor with certain functions and duties relating to marketing, which include
the following: marketing and sales strategy, and marketing related services.

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Under the Fund Administration Servicing
Agreement, the Administrator assists with overall operation of the funds, acts as a liaison among service providers, assists with
regulatory compliance, and preparation of certain regulatory and financial reports. Under the Fund Administration Servicing Agreement,
the Trust shall indemnify and hold harmless the Administrator from and against any and all claims, demands, losses, expenses, and
liabilities of any and every nature (including reasonable attorneys’ fees) the Administrator may sustain or incur or that
may be asserted against Administrator by any person arising out of any action taken or omitted to be taken by it in performing
the services hereunder (i) in accordance with the foregoing standards, or (ii) in reliance upon any written or oral instruction
provided to Administrator by any duly authorized officer of the Trust or the Sponsor, except for any and all claims, demands, losses,
expenses, and liabilities arising out of or relating to Administrator’s refusal or failure to comply with the terms of this
Fund Administration Servicing Agreement or from its bad faith, negligence or willful misconduct in