Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 182

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 182
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 Trust becomes insolvent or bankrupt; |

| ● | shareholders                                                                           
 holding at least 75% of the then outstanding Shares notify the Sponsor that they elect 
 to dissolve the Trust, written notice of which is sent to the Sponsor not less than 90 
 days prior to the effective date of dissolution;                                       |

| ● | upon                                                                                            
 written notice to the Trustee and the Shareholders by the Sponsor, the Sponsor determines       
 that the size of the Trust Estate in relation to the expenses of the Trust make it unreasonable 
 or imprudent to continue the Trust;                                                             |

| ● | the                                                                                      
 Trust is required to be registered as an investment company under the Investment Company 
 Act of 1940; or                                                                          |

| ● | DTC                                                                                       
 is unable or unwilling to continue to perform its functions, and a comparable replacement 
 is unavailable.                                                                           |

The death, legal disability, bankruptcy, insolvency, dissolution, or withdrawal of any Shareholder (as long as such Shareholder is not the sole Shareholder of the Trust) shall not result in the termination of the Trust, and such Shareholder, his estate, custodian or personal representative shall have no right to withdraw or value such Shareholder’s Shares. Each Shareholder (and any assignee thereof) expressly agrees that in the event of his death, he waives on behalf of himself and his estate, and he directs the legal representative of his estate and any person interested therein to waive the furnishing of any inventory, accounting or appraisal of the assets of the Trust and any right to an audit or examination of the books of the Trust, except for such rights as are set forth in Article IX of the Trust Agreement relating to the books of account and reports of the Trust.

If the Trust is forced to liquidate, the Trust will be liquidated under the Sponsor’s direction. The Sponsor will sell the Fund’s bitcoin (at prices as close as practicable to the Bitcoin Price) and Carbon Credit Futures and will distribute to Shareholders any amounts of the cash proceeds in the following order of priority: (a) to the expenses of liquidation and termination and to creditors, including Shareholders who are creditors, to the extent otherwise permitted by law, in satisfaction of liabilities of the Trust other than liabilities for distributions to Shareholders and (b) to the Shareholders pro rata in accordance with the respective percentages of Shares that they hold. It is expected that the Sponsor would be subject to the same regulatory requirements as the Trust, and therefore, the markets available to the Sponsor