Company: SVIX
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087932
Chunk: 149

Company: VS Trust
Filing Date: 2025-09-16
Form: 424B3
Chunk 149
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 positions in, or advise other customers and counterparties concerning, or publish research or express a view with respect to, a Contract or with a related financial instrument that may not be consistent with, or may be contrary to, a Fund’s interests. Unless otherwise disclosed in writing, an FCM is not necessarily acting in the Fund’s best interest and are not assessing the suitability for the Fund of any Contract or related financial instrument. Acting in one or more of the capacities noted above may give an FCM or its affiliates access to information relating to markets, investments and products. An FCM and its affiliates are under no duty to make any such information available to the Sponsor, except to the extent the FCM has agreed in writing or as may be required under applicable law. 88 MATERIAL CONTRACTS Sponsor Agreement Volatility Shares is Sponsor of the Trust and the Funds, and serves as each Fund’s commodity pool operator pursuant to the terms of the Sponsor Agreement between the Sponsor and the Trust, for itself and on behalf of the Funds. Under the terms of the Sponsor Agreement, the Sponsor will furnish an investment program in respect of, make investment decisions for, and place all orders for the purchase and sale of the assets of each Fund, consistent with the investment objectives and restrictions of a Fund. Fund Administration Servicing Agreement and Fund Sub-Administration Servicing Agreement Tidal ETF Services LLC serves as the Fund’s Administrator pursuant to the terms of the Fund Administration Servicing Agreement between the Trust, on behalf of itself and on behalf of each Fund, and the Administrator. The Administrator provides officers or employees of the Administrator to serve as the Trust’s principal executive officer, principal financial officer and principal accounting officer, the Administrator coordinates the payment of Fund -relatedexpenses, and the Administrator manages the Trust’s relationships with its various service providers. The Fund Administration Servicing Agreement has an initial term of three years and, after the initial term, will continue in effect for additional one -yearterms unless earlier terminated. Notwithstanding the foregoing, beginning in the second year of the Fund Administration Servicing Agreement, the Trust may terminate the Fund Administration Servicing Agreement on at least ninety (90) days’ prior written notice to the Administrator, and either party may terminate the Fund Administration Servicing Agreement at any time upon thirty (30) days’ prior written notice to the other party if the other party is adjudged bankrupt or insolvent, or there shall be commenced against such party a case under any applicable bankruptcy, insolvency or other similar law. In its capacity as Administrator, Tidal ETF