Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 181

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 181
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 to execute any amendment to the Trust Agreement or to any agreement to which the Trust is a party until it has received an instruction letter from the Sponsor, in form and substance reasonably satisfactory to the Trustee (i) directing the Trustee to execute such amendment, (ii) representing and warranting to the Trustee that such execution is authorized and permitted by the terms of the Trust Agreement and (if applicable) such other agreement to which the Trust is a party and does not conflict with or violate any other agreement to which the Trust is a party and (iii) confirming that such execution and acts related thereto are covered by the indemnity provisions of the Trust Agreement in favor of the Trustee; provided that the Trustee shall in no circumstance be obligated to execute any agreement to which the Trust is a party if the Sponsor may execute such Agreement on behalf of the Trust.

No provision of the Trust Agreement may be amended, waived or otherwise modified orally but only by a written instrument adopted in accordance with Section 11 of the Trust Agreement.

<div align='center'>87</div>

Termination of the Trust

Pursuant to the terms of the Trust Agreement, the Trust will dissolve if any of the following events occur:

| ● | a                                                                                                 
 certificate of dissolution or revocation of the Sponsor’s charter is filed (and                   
 90 days have passed after the date of notice to the Sponsor of revocation without a reinstatement 
 of its charter) or upon the withdrawal, removal, adjudication or admission of bankruptcy          
 or insolvency of the Sponsor, or an event of withdrawal unless (i) at the time there              
 is at least one remaining Sponsor or (ii) within 90 days of such event of withdrawal              
 Shareholders holding at least a majority of the Shares (not including Shares held by              
 the Sponsor and its affiliates) agree in writing to continue the Trust and to select,             
 effective as of the date of such event, one or more successor Sponsors;                           |

| ● | the                                                                           
 occurrence of any event which would make the existence of the Trust unlawful; |

| ● | in                                                                                           
 the event of the suspension, revocation or termination of the Sponsor’s registration         
 as a CPO, or membership as a CPO with the CFTC or NFA (if, in either case, such registration 
 is required at such time unless at the time there is at least one remaining Sponsor whose    
 registration or membership has not been suspended, revoked or terminated);                   |

| ● | the