Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 161

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 161
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 in the Breakeven Table. Investors      
 are encouraged to review the terms of their brokerage accounts for applicable charges.                                              |

| (4) | The                                                                                                                                    
 Fund pays all transaction related fees and expenses charged in connection with trading activities for the Fund’s investments           
 and for maintenance of its CFTC regulatory status as a commodity pool. The Fund also pays all of its non-recurring and unusual         
 fees and expenses, if any, as determined by the Sponsor. Non-recurring and unusual fees and expenses are unexpected or unusual         
 in nature, such as legal claims and liabilities and litigation costs or indemnification or other unanticipated expenses. Extraordinary 
 fees and expenses also include material expenses which are not currently anticipated obligations of the Fund. Routine operational,     
 administrative and other ordinary expenses are not deemed extraordinary expenses.                                                      |

| (5) | The                                                                                                                                 
 Fund seeks to earn interest and other income in high credit quality, short-duration instruments or deposits associated with the     
 pool’s cash management in connection with its investments in futures contracts and other financial instruments, that may            
 be used to offset expenses. These investments may include, but are not limited to, short-term Treasury Securities, demand deposits, 
 and money market funds. Considering various uncertain factors in the US and commodity markets, the Sponsor has estimated a blended  
 interest rate of 4.50%. The actual rate may vary and not all assets within the Fund will necessarily earn interest. The actual      
 rate may vary and not all assets of the Fund will earn interest.                                                                    |

| (6) | This                                                                                                                            
 represents the estimated approximate percentage for the redemption value of a hypothetical initial investment in a single Share 
 equal to the amount invested twelve months after the investment was made. The estimated approximate percentage of selling price 
 is 0.16% or $0.04 per share.                                                                                                    |

Management Fee

The Fund pays the Sponsor a management fee (the “Management Fee”), monthly in arrears, in an amount equal to 0.68% per annum of the daily NAV of the Fund. The Management Fee is paid in consideration of the Sponsor’s services related to the management of the Fund’s business and affairs. No other management fee is paid by the Fund. The Management Fee is paid in consideration of the Sponsor’s trading advisory services and the other services provided to the Fund that the Sponsor pays directly. From the Management Fee, the Sponsor is responsible for paying certain fees and expenses of the Administrator, Trustee, Marketing Agent, Transfer Agent, and certain routine operational,