Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 137

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 137
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 Agreement.Under the
Cash Custody Agreement between the Cash Custodian, Sponsor, and the Trust, upon the Sponsor’s instructions, the Cash Custodian
will establish and maintain a segregated account or accounts for and on behalf of a Fund, into which account or accounts may be
transferred cash and/or securities. Upon instructions from the Trust or Sponsor, the Cash Custodian will facilitate the transfer
and management of assets, including cash, within the Trust’s account(s). The Cash Custodian’s fees are payable by the
Trust, however, the Sponsor assumes such fees via the Sponsorship Agreement with the Trust.

The Cash Custody Agreement specifies an
initial term of three years, with automatic renewal for successive one-year terms unless terminated earlier in accordance with
the terms of the Agreement. Either party can terminate the Agreement under certain conditions, such as material breach or failure
to pay fees within a specified period. Additionally, the Agreement may be terminated by the Trust for causes such as prolonged
force majeure events, legal requirements, or significant corporate events affecting the Cash Custodian.

In performing its duties, the Cash Custodian
is required to exercise due care in accordance with reasonable commercial standards. The Cash Custodian is generally not liable
for any error of judgment or mistake of law or for any loss suffered by the Trust in connection with its duties under the Agreement,
except a loss arising out of or relating to the Custodian’s refusal or failure to comply with the terms of the Agreement
or from the Custodian’s bad faith, negligence or willful misconduct in the performance of its duties under this Agreement.

Liability of the Cash Custodian under the
Agreement is generally limited to direct damages caused by its failure to perform its obligations in accordance with the agreed
standard of care. The Trust is obligated to indemnify the Cash Custodian against losses, expenses, damages, and liabilities incurred
in the performance of its duties under the Agreement, except where such issues arise from the Cash Custodian’s failure to
meet the agreed standard of care.

The Trust retains the discretion to appoint
additional custodians as necessary to manage its assets, subject to the terms of separate agreements. The Sponsor has the authority
to add or terminate Custodians as deemed appropriate.

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The governing law for the Cash Custody Agreement
is the laws of the State of Minnesota.

The Fund is subject to various risks associated
with the potential insolvency of the Cash Custodian. In the event of