Company: DEFI
Filing Date: 2025-02-21
Form Type: POS AM
Source: 0001839882-25-010345
Chunk: 237

Company: Tidal Commodities Trust I
Filing Date: 2025-02-21
Form: POS AM
Chunk 237
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 in connection with its activities for the Trust, provided that (i) the Sponsor was acting on behalf of or performing
services for the Trust and 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 the Trust Agreement on the part
of the Sponsor and (ii) any such indemnification will only be recoverable from the applicable trust estate or trust estates. All
rights to indemnification permitted by the Trust Agreement 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.

Notwithstanding the foregoing, the Sponsor
shall not be indemnified for any losses, liabilities or expenses arising from or out of an alleged violation of U.S. federal or
state securities laws unless (i) there has been a successful adjudication on the merits of each count involving alleged securities
law violations as to the particular indemnitee and the court approves the indemnification of such expenses (including, without
limitation, litigation costs), (ii) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction
as to the particular indemnitee and the court approves the indemnification of such expenses (including, without limitation, litigation
costs) or (iii) a court of competent jurisdiction approves a settlement of the claims against a particular indemnitee and finds
that indemnification of the settlement and related costs should be made.

The Trust and its series shall not incur
the cost of that portion of any insurance which insures any party against any liability, the indemnification of which is prohibited
by the Trust Agreement.

Expenses incurred in defending a threatened
or pending civil, administrative or criminal action, suit or proceeding against the Sponsor shall be paid by the Trust or the applicable
series of the Trust in advance of the final disposition of such action, suit or proceeding, if (i) the legal action relates to
the performance of duties or services by the Sponsor on behalf of the Trust or a series of the Trust; (ii) the legal action is
initiated by a party other than the Trust; and (iii) the Sponsor undertakes to repay the advanced funds with interest to the Trust
or