Company: DEFI
Filing Date: 2025-03-25
Form Type: POS AM
Source: 0001999371-25-003118
Chunk: 140

Company: Tidal Commodities Trust I
Filing Date: 2025-03-25
Form: POS AM
Chunk 140
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 Trust for causes such as prolonged
force majeure events, legal requirements, or significant corporate events affecting the Cash Custodian.

In performing its duties, the Cash Custodian
is required to exercise due care in accordance with reasonable commercial standards. The Cash Custodian is generally not liable
for any error of judgment or mistake of law or for any loss suffered by the Trust in connection with its duties under the Agreement,
except a loss arising out of or relating to the Custodian’s refusal or failure to comply with the terms of the Agreement
or from the Custodian’s bad faith, negligence or willful misconduct in the performance of its duties under this Agreement.

Liability of the Cash Custodian under the
Agreement is generally limited to direct damages caused by its failure to perform its obligations in accordance with the agreed
standard of care. The Trust is obligated to indemnify the Cash Custodian against losses, expenses, damages, and liabilities incurred
in the performance of its duties under the Agreement, except where such issues arise from the Cash Custodian’s failure to
meet the agreed standard of care.

The Trust retains the discretion to appoint
additional custodians as necessary to manage its assets, subject to the terms of separate agreements. The Sponsor has the authority
to add or terminate Custodians as deemed appropriate.

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The governing law for the Cash Custody Agreement
is the laws of the State of Minnesota.

The Fund is subject to various risks associated
with the potential insolvency of the Cash Custodian. In the event of the Cash Custodian’s insolvency, the Fund’s assets
held under custody might be subject to legal and financial complexities, which would subject the Fund to the following risks:

| ● | Access to Assets: In the case of the Cash Custodian’s insolvency, there may be delays or difficulties in accessing the     
 Fund’s assets held by the Cash Custodian. This situation could impact the Fund’s ability to meet its financial obligations 
 or to execute its investment strategies promptly.                                                                          |

| ● | Asset Recovery and Transfer: The process of recovering and transferring assets to a new custodian in the event of insolvency            
 may prove time-consuming and complex. This process might involve legal proceedings and negotiations, potentially leading to a prolonged 
 period during which the assets are not actively managed or are inaccessible.                                                            |

| ● | Financial Losses: Ther Fund may incur financial losses if the assets held by the Cash Custodian are entangled in insolvency      
 proceedings. The