Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 257

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 257
---
 of the Trust Agreement, the term “Sponsor” includes, in addition to the Sponsor, any other
covered person performing services on behalf of the Trust and acting within the scope of the Sponsor’s authority as set forth
in the Trust Agreement.

<div align='center'>II-1</div>

In the event the Trust
or a series of the Trust is made a party to any claim, dispute, demand or litigation or otherwise incurs any loss, liability, damage,
cost or expense as a result of or in connection with any Shareholder’s (or assignee’s) obligations or liabilities unrelated
to Trust business, such Shareholder (or assignees cumulatively) shall indemnify, defend, hold harmless, and reimburse the Trust
or the applicable series of the Trust for all such loss, liability, damage, cost and expense incurred, including attorneys’
and accountants’ fees.

The payment of any
amount pursuant to the Trust Agreement shall take into account the allocation of liabilities and other amounts, as appropriate,
among the series of the Trust.

| Item 15. | Recent Sales of Unregistered Securities. |

None.

| Item 16. | Exhibits and Financial Statement Schedules. |

(a) Exhibits

| Exhibit |                                                                                                                                                                      |
| Number  | Description                                                                                                                                                          |
| 3.1     | First Amended and Restated Declaration of Trust and Trust Agreement(1)                                                                                               |
| 5.1     | Opinion of Chapman and Cutler LLP relating to the legality of the Shares*                                                                                            |
| 8.1     | Opinion of Chapman and Cutler LLP with respect to federal income tax consequences*                                                                                   |
| 10.1    | Form of Authorized Purchaser Agreement (included as Exhibit B to the First Amended and Restated Declaration of Trust and Trust Agreement)(1)                         |
| 10.2    | Form of Distribution Services Agreement*                                                                                                                             |
| 10.3    | Form of Custody Agreement*                                                                                                                                           |
| 10.4    | Form of Bitcoin Custody Agreement by and between the Trust, on behalf of the Fund, and Gemini Trust Company, LLC*                                                    |
| 10.6    | Form of Fund Accounting Servicing Agreement*                                                                                                                         |
| 10.7    | Form of Transfer Agent Servicing Agreement*                                                                                                                          |
| 10.8    | Form of Fund Administration Servicing Agreement*                                                                                                                     |
| 10.9    | Index License Agreement*                                                                                                                                             |
|