Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 153

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 153
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 their Shares (or by instructing the Indirect purchaser or other entity through which their Shares are held)
to transfer the Shares. Transfers are made in accordance with standard securities industry practice.

Transfers of interests in Shares with DTC
are made in accordance with the usual rules and operating procedures of DTC and the nature of the transfer. DTC has established
procedures to facilitate transfers among the Purchasers and/or account holders of DTC. Because DTC can only act on behalf of DTC
Purchasers, who in turn act on behalf of Indirect Purchasers, the ability of a person or entity having an interest in a global
certificate to pledge such interest to persons or entities that do not participate in DTC, or otherwise take actions in respect
of such interest, may be affected by the lack of a certificate or other definitive document representing such interest.

DTC has advised us that it will take any
action permitted to be taken by a Shareholder (including, without limitation, the presentation of a global certificate for exchange)
only at the direction of one or more DTC purchasers in whose account with DTC interests in global certificates are credited and
only in respect of such portion of the aggregate principal amount of the global certificate as to which such DTC purchaser or purchasers
has or have given such direction.

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Inter-Series Limitation on Liability

Because the Trust was established as a Delaware
statutory trust, the Fund and each other series that may be established under the Trust in the future will be operated so that
it will be liable only for obligations attributable to such series and will not be liable for obligations of any other series or
affected by losses of any other series. If any creditor or Shareholder of any particular series (such as the Fund) asserts against
the series a valid claim with respect to its indebtedness or Shares, the creditor or Shareholder will only be able to obtain recovery
from the assets of that series and not from the assets of any other series or the Trust generally. The assets of the Fund and any
other series will include only those funds and other assets that are paid to, held by or distributed to the series on account of
and for the benefit of that series, including, without limitation, amounts delivered to the Trust for the purchase of Shares in
a series. This limitation on liability is referred to as the Inter-Series Limitation on Liability. The Inter-Series Limitation
on Liability is expressly provided for under the Delaware