Company: DEFI
Filing Date: 2025-03-25
Form Type: POS AM
Source: 0001999371-25-003118
Chunk: 137

Company: Tidal Commodities Trust I
Filing Date: 2025-03-25
Form: POS AM
Chunk 137
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 Users and miners must accept any changes made to the source code
by downloading the proposed modification and that modification is effective only with respect to those bitcoin users and miners
who choose to download it. As a practical matter, a modification to the source code becomes part of the Bitcoin Network only if
it is accepted by purchasers that collectively have a majority of the processing power on the Bitcoin Network. If a modification
is accepted by only a percentage of users and miners, a division will occur such that one network will run the pre-modification
source code and the other network will run the modified source code. Such a division is known as a “fork.”

The Fund’s Service Providers

Contractual Arrangements with the Sponsor and Third-Party Service Providers

Sponsor

The Sponsor is responsible for investing
the assets of the Fund in accordance with the objectives and policies of the Fund. In addition, the Sponsor arranges for one or
more third parties to provide administrative, custodial, accounting, transfer agency and other necessary services to the Fund.
For these third-party services, the Fund pays the fees set forth in the table below entitled “Contractual Fees and Compensation
Arrangements with the Sponsor and Third-Party Service Providers.” For the Sponsor’s services, the Fund is contractually
obligated to pay a monthly management fee to the Sponsor, based on average daily net assets, at a rate equal to 0.90% per annum.

The Sponsor acts as the Fund’s sponsor
pursuant to the terms of the First Amended and Restated Declaration of Trust and Trust Agreement (“Trust Agreement”).
Under the Trust Agreement, the Sponsor acts as an agent of the Trust and is solely responsible for the conduct of the Trust’s
business. The term of the Trust Agreement is indefinite, but it is subject to termination upon the occurrence of certain events
including but not limited to: the Trust or any fund become bankrupt, occurrence of any event which would make unlawful the continued
existence of the Trust or any Fund; or the event of the suspension, revocation or termination of the Sponsor’s registration
as a commodity pool operator under the CEA, or membership as a commodity pool operator with the NFA.

Under the Trust Agreement, the Sponsor shall
be indemnified by the Trust against any losses, judgments, liabilities, expenses and amounts paid in settlement of any claims sustained
by it in connection with its activities for the Trust, provided that (i) the Sponsor was acting on behalf of or performing services
for