Company: DEFI
Filing Date: 2025-11-04
Form Type: POS AM
Source: 0001999371-25-016766
Chunk: 14

Company: Tidal Commodities Trust I
Filing Date: 2025-11-04
Form: POS AM
Chunk 14
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, and investors may lose all or part of their investment. The Sponsor estimates that  
 costs could be deemed unreasonable in the case where the NAV of the fund stays below $20 million. Any expenses related to     
 the operation of the Fund would need to be paid by the Sponsor at the time of termination.                                    |
| Management Fee  | The                                                                                                                           
 Fund pays the Sponsor a Management Fee, monthly in arrears, in an amount equal to 0.25% 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, including the provision of commodity futures trading advisory services.                                 |

11

| Fund Expenses | In                                                                                                                                     
 addition to the Fund’s Management Fee, the Fund pays all of its respective brokerage commissions, including financing                  
 fees, Bitcoin network fees and similar transaction fees. The Fund also pays all fees and commissions related to the EFP transactions   
 for the sale and purchase of spot bitcoin, including any bitcoin transaction fees for on-chain transfers of bitcoin The Fund           
 bears other transaction costs related to the FCM capital requirements on a monthly basis. The Sponsor pays all of the routine          
 operational, administrative and other ordinary expenses of the Fund, generally as determined by the Sponsor, including but             
 not limited to, fees and expenses of the Administrator, Custodian, Marketing Agent, Transfer Agent, licensors, accounting              
 and audit fees and expenses, tax preparation expenses, legal fees, ongoing SEC registration fees, individual Schedule K-1              
 preparation and mailing fees, and report preparation and mailing expenses. The Fund 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.                                                      |
|               | Non-recurring,                                                                                                                         
 unusual or extraordinary expenses of the Trust will be allocated as determined by the Sponsor using a pro rata allocation              
 methodology that allocates such Trust expenses to the Fund and each other series of the Trust in existence at the occurrence           
 of any such expense according to the relative net asset values of the Fund and each other series of the Trust. Unusual or              
 extraordinary expenses paid by Sponsor are not subject