Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 139

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 139
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al. Termination can occur under several conditions, including material breach, compliance with applicable laws,
or operational changes that affect Global Fund Services or the Trust. Additionally, the Agreement may be amended only through a
written agreement executed by both parties.

The agreement limits the Global Fund Services’
liability to direct damages 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 the agreement.

The Trust is required to indemnify Global
Fund Services against losses or liabilities incurred in performing its duties, except in cases of failure to meet the standard
of care or due to the Fund Administrator’s own misconduct. Conversely, Global Fund Services is obligated to indemnify the
Trust against any liabilities 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.

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The agreement is governed by the laws of
the State of Wisconsin. Both parties agree to maintain confidentiality regarding proprietary information, with allowances for disclosure
as required by law or upon mutual agreement.

Transfer Agent Servicing Agreement.
The Transfer Agent Servicing Agreement is between Global Fund Services, a registered transfer agent under the Exchange Act, the
Trust and the Sponsor. Under this agreement Global Fund Services is appointed as the transfer agent for the Trust, providing services
related to the creation and redemption of shares, dividend disbursing, and maintaining shareholder records.

Global Fund Services is responsible for
facilitating purchases and redemptions of Creation Units, handling transactions with Authorized Participants, managing dividend
payments for the Trust’s shares. Global Fund Services also records issuance of shares and maintains a record of outstanding
shares for each fund in the Trust.

Global Fund Services is obligated to exercise
reasonable care. Its liability is limited to direct damages 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 claims not arising from the agent’s non-compliance
or misconduct.

Global Fund Services is required to implement
its designed to promote the detection and reporting of potential money laundering activity and identity theft by monitoring certain
aspects of shareholder activity as well as written procedures for verifying a customer’s identity.

The Transfer Agent Agreement has an initial