Company: DEFI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001999371-25-017892
Chunk: 13

Company: Tidal Commodities Trust I
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 13
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 the following: marketing and sales strategy and marketing related services.

Cash Custodian, Registrar, Transfer Agent, Fund Sub-Administrator

In its capacity as the Fund’s custodian,
the Custodian, currently U.S. Bank, N.A., holds the Fund’s securities, cash and/or cash equivalents pursuant to a custodial
agreement. Global Fund Services, an entity affiliated with U.S. Bank, N.A., is the registrar and transfer agent for the Fund’s
Shares. In addition, Global Fund Services also serves as sub-administrator for the Fund, performing certain sub-administrative,
and accounting services, and support in preparing certain SEC and CFTC reports on behalf of the Fund.

Bitcoin Custodian

Holdings of the Fund
also includes bitcoin. Such investments are held by BitGo Trust Company, Inc. (the “Bitcoin Custodian”) on behalf of
the Fund. The Bitcoin Custodian will keep custody of all of the Fund’s bitcoin in a multi-layer, multi-party cold storage
or similarly secure technology. The Bitcoin Custodian is responsible for safekeeping passwords, keys or phrases that
allow transfers of digital assets (“Security Factors”) safe, secure and confidential. 100% of the private keys
will be held in cold storage. The Bitcoin Custodian will establish the Bitcoin Accounts on the Bitcoin Network solely for the Fund.
The Bitcoin Custodian will follow valid instructions given by the Sponsor to use the Fund’s Security Factors to effect transfers
to and from the Bitcoin Accounts. The Fund’s bitcoin will be held in segregated wallets and will not be commingled with the
assets of other customers. The Bitcoin Custodian has an insurance policy that covers, at least partially, risks such as the loss
of client assets held in cold storage, including from employee collusion or fraud, physical loss including theft, damage of key
material, security breach or hack, and fraudulent transfer.

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”). The Marketing Agent Agreement among the Marketing Agent and the Trust calls for the Marketing Agent to work with
the 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’s principal business address is Three
Canal Plaza, Suite 100, Portland, Maine 041