Company: DEFI
Filing Date: 2025-03-25
Form Type: POS AM
Source: 0001999371-25-003118
Chunk: 143

Company: Tidal Commodities Trust I
Filing Date: 2025-03-25
Form: POS AM
Chunk 143
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 material breach or changes in laws affecting the Agreement. The Trust and Sponsor can also terminate the
agreement upon 90 days’ notice, and Global Fund Services may do the same under certain circumstances, such as the existence
of certain legal compliance issues or reputational harm.

Global Fund Services is obligated to exercise
reasonable care in its duties. Global Fund Services’ liability under the agreement limited to losses arising from Global
Fund Services’ refusal or failure to comply with the terms of the agreement or from its bad faith, negligence or willful
misconduct in the performance of its duties under this agreement. The Trust is obligated to indemnify Global Fund Services against
losses not arising from such failures or misconduct. Conversely, Global Fund Services is obligated to indemnify the Trust for losses
resulting from its non-compliance or misconduct.

The agreement includes clauses on confidentiality,
proprietary information, and record-keeping responsibilities, ensuring both parties maintain confidentiality of sensitive information.
The agreement has an initial three-year term, automatically renewing for one-year periods unless terminated by a party upon 90
days’ written notice and is governed by the laws of the State of Wisconsin.

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Bitcoin Custodian

BitGo Trust Company, Inc (the “Bitcoin
Custodian”) will keep custody of all of the Fund’s bitcoin, on behalf of the Fund. The Bitcoin Custodian is responsible
for safekeeping passwords, keys or phrases that allow transfers of digital assets (“Security Factors”) safe, secure
and confidential. The Bitcoin Custodian will establish accounts and any necessary subaccounts on the digital assets networks solely
for the Fund (the “Bitcoin Accounts”). The Bitcoin Custodian will follow valid instructions to use its security factors
to effect transfers from the Bitcoin Accounts.

The BitGo Custodial Services Agreement between
the Bitcoin Custodian and the Trust governs the use of custodial and wallet services provided by the Bitcoin Custodian. Under this
agreement, the Bitcoin Custodian establishes and maintains custody accounts for the client’s digital assets and fiat currency,
offering both custodial and non-custodial wallet services.

The agreement has an initial one-year term
with automatic renewal for successive one-year periods unless terminated earlier. Termination can occur under various conditions,
including a party’s material breach or by either party’s decision with prior notice. The Bitcoin Custodian is also
authorized to suspend or terminate services based on legal requirements, suspected prohibited uses, or operational risks.

The agreement continues to obligate the