Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 215

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 215
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 ● | Access                                                                                   
 to Assets: In the case of the Non-Digital Custodian’s insolvency, there may be           
 delays or difficulties in accessing the Fund’s assets held by the Non-Digital Custodian. 
 This situation could impact the Fund’s ability to meet its financial obligations         
 or to execute its investment strategies promptly.                                        |

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| ● | Asset                                                                                       
 Recovery and Transfer: The process of recovering and transferring assets to a new custodian 
 in the event of insolvency may prove time-consuming and complex. This process might involve 
 legal proceedings and negotiations, potentially leading to a prolonged period during        
 which the assets are not actively managed or are inaccessible.                              |

| ● | Financial                                                                                      
 Losses: The Fund may incur financial losses if the assets held by the Non-Digital Custodian    
 are entangled in insolvency proceedings. The Fund might not recover the full value of          
 its assets, particularly if any part of the assets becomes part of the Non-Digital Custodian’s 
 bankruptcy estate.                                                                             |

| ● | Operational                                                                           
 Disruptions: Transitioning to a new custodian may cause operational disruptions. This 
 includes administrative burdens, potential errors during the transfer of records and  
 assets, and the need to establish new operational protocols.                          |

In addition to the foregoing risks, the Fund would be subject to additional risks if the Custody Agreement is terminated, which include:

| ● | Cost                                                                                        
 Implications: Terminating the agreement and engaging a new custodian might incur additional 
 costs, including early termination fees, transfer fees, and higher fees charged by a        
 new custodian.                                                                              |

| ● | Continuity                                                                                 
 of Service: There is a risk of service interruptions during the transition period, which   
 might affect the Fund’s ability to execute transactions and manage its assets effectively. |

Marketing Agent

The Fund employs Foreside Fund Services, LLC, a wholly-owned subsidiary of Foreside Financial Group, LLC (d/b/a ACA Group) as the Marketing Agent for the Fund. The Marketing Agent’s principal business address is Three Canal Plaza, Suite 100, Portland, Maine 04101. The Marketing Agent Agreement among the Marketing Agent, the Sponsor, and the Trust calls for the Marketing Agent to work with the Cash Custodian in connection with the receipt and processing of orders for Creation Baskets and Redemption Baskets and the review and approval of all Fund sales literature and advertising material. The Marketing Agent is a broker-dealer registered with the U.S