Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 28

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 28
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 rules to permit the Fund to sell Incidental 
 Rights or IR Virtual Currency and distribute the cash proceeds (net of expenses and applicable withholding taxes) to Depository 
 Trust Company (“DTC”) or distribute the Incidental Rights or IR Virtual Currency in-kind to the DTC. Because                    
 the Fund will abandon any Incidental Rights and IR Virtual Currency, the Fund would not receive any direct or indirect          
 consideration for the Incidental Rights or IR Virtual Currency, and thus the value of the Shares will not reflect the           
 value of the Incidental Rights or IR Virtual Currency. See “Risk Factors—Risks Related to Bitcoin, the Bitcoin                  
 Network, and Bitcoin Trading Markets— A temporary or permanent “fork” could adversely affect an investment                      
 in the Fund. Additionally, the Fund may not receive the benefit of any forks or “airdrops”. ”                                   |

<div align='center'>11</div>

| Inter-Series            
 Limitation on Liability | While                                                                                                                                  
 the Fund is a separate series of the Trust, additional series may be created in the future. The Trust has been formed and              
 will be operated with the goal that the Fund and any other series of the Trust will be liable only for obligations of such             
 series, and a series will not be responsible for or affected by any liabilities or losses of or claims against any other series.       
 If any creditor or shareholder in any particular series (such as the Fund) were to successfully assert against a series a              
 claim with respect to its indebtedness or shares, the creditor or shareholder could recover only from that particular series           
 and its assets. Accordingly, the debts and other obligations incurred, contracted for or otherwise existing solely with respect        
 to a particular series would be enforceable only against the assets of that series, and not against any other series or the            
 Trust generally or any of their respective assets. The assets of the Fund and any other series will include only those funds           
 and other assets that are paid to, held by or distributed to the series on account of and for the benefit of that series,              
 including, without limitation, amounts delivered to the Trust for the purchase of shares in a series.                                  |
| Termination             
 events:                 | The                                                                                                                                    
 Trust and the Fund shall continue in existence from the date of their formation in perpetuity, unless the Trust or the Fund, as        
 the case may be, is sooner terminated upon the occurrence of certain events specified in the Trust Agreement, including the following: 
 (1) the filing of a certificate of dissolution or cancellation of