TIDAL TRUST II 485BPOS

Exhibit 99(g)(i)(27)

FORM OF

TWENTY-EIGHTH AMENDMENT TO THE 

TIDAL TRUST II 

CUSTODY AGREEMENT

THIS TWENTY-EIGHTH AMENDMENT effective as of the last date on the signature block (the “Effective Date”), to the Custody Agreement dated as of July 7, 2022, as amended (the “Agreement”), is entered into by and between TIDAL TRUST II, a Delaware statutory trust (the “Trust”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America with its principal place of business at Minneapolis, Minnesota (the “Custodian”).

RECITALS

WHEREAS, the parties have entered into the Agreement; and

WHEREAS, the parties desire to amend the Agreement to update Exhibit A to:

Reflect the following name changes:

Add the following funds:

WHEREAS, Section 15.02 of the Agreement allows for its amendment by a written instrument executed by both parties and authorized or approved by the Board of Trustees of the Trust.

NOW, THEREFORE, the parties agree as follows:

Exhibit A of the Agreement is hereby superseded and replaced in its entirety with Exhibit A attached hereto.

Except to the extent amended hereby, the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this Twenty-Eighth Amendment to be executed by a duly authorized officer on one or more counterparts as of the date last written below.

Exhibit A to the Custody Agreement

Separate Series of Tidal Trust II

Name of Series: 

Blueprint Chesapeake Multi-Asset Trend ETF 

Cambria Chesapeake Pure Trend ETF 

Carbon Collective Climate Solutions U.S. Equity ETF 

Carbon Collective Short Duration Green Bond ETF 

Cboe® Validus S&P 500® Dynamic PutWrite Index ETF 

Clockwise Core Equity & Innovation ETF 

CoreValues Alpha Greater China Growth ETF 

Defiance 2X Daily Long Pure Quantum ETF 

Defiance AI & Power Infrastructure ETF 

Defiance Daily Target 2X Long AMAT ETF 

Defiance Daily Target 2X Long ANET ETF 

Defiance Daily Target 2X Long ARM ETF 

Defiance Daily Target 2X Long AVGO ETF 

Defiance Daily Target 2X Long China Dragons ETF 

Defiance Daily Target 2X Long Copper ETF 

Defiance Daily Target 2X Long CVNA ETF 

Defiance Daily Target 2X Long DJT ETF 

Defiance Daily Target 2X Long DKNG ETF 

Defiance Daily Target 2X Long FSLR ETF 

Defiance Daily Target 2X Long GOLD ETF 

Defiance Daily Target 2X Long HIMS ETF 

Defiance Daily Target 2X Long HOOD ETF 

Defiance Daily Target 2X Long IONQ ETF 

Defiance Daily Target 2X Long JPM ETF 

Defiance Daily Target 2X Long LLY ETF 

Defiance Daily Target 2X Long MRVL ETF 

Defiance Daily Target 2X Long MSTR ETF 

Defiance Daily Target 2X Long NVO ETF 

Defiance Daily Target 2X Long OKLO ETF 

Defiance Daily Target 2X Long ORCL ETF 

Defiance Daily Target 2X Long PENN ETF 

Defiance Daily Target 2X Long PM ETF 

Defiance Daily Target 2X Long QBTS ETF 

Defiance Daily Target 2X Long RDDT ETF 

Defiance Daily Target 2X Long RGTI ETF 

Defiance Daily Target 2X Long RIOT ETF 

Defiance Daily Target 2X Long RKLB ETF 

Defiance Daily Target 2X Long SMCI ETF 

Defiance Daily Target 2X Long SOFI ETF 

Defiance Daily Target 2X Long Solar ETF 

Defiance Daily Target 2X Long SOUN ETF 

Defiance Daily Target 2X Long UBER ETF 

Defiance Daily Target 2X Long VST ETF 

Defiance Daily Target 2X Short CVNA ETF 

Defiance Daily Target 2X Short IONQ ETF 

Defiance Daily Target 2X Short LLY ETF

Defiance Daily Target 2X Short MSTR ETF 

Defiance Daily Target 2X Short PLTR ETF 

Defiance Daily Target 2X Short QBTS ETF 

Defiance Daily Target 2X Short RGTI ETF 

Defiance Daily Target 2X Short RIOT ETF 

Defiance Daily Target 2X Short RKLB ETF 

Defiance Daily Target 2X Short SMCI ETF 

Defiance Developed Markets Enhanced Options Income ETF 

Defiance Emerging Markets Enhanced Options Income ETF 

Defiance Enhanced Long Vol ETF 

Defiance Enhanced Short Vol ETF 

Defiance Gold Enhanced Options Income ETF 

Defiance Hot Sauce 2X Strategy ETF 

Defiance Large Cap ex-Mag 7 ETF 

Defiance Leveraged Long + Income AAPL ETF 

Defiance Leveraged Long + Income AMD ETF 

Defiance Leveraged Long + Income AMZN ETF 

Defiance Leveraged Long + Income BRK.B ETF 

Defiance Leveraged Long + Income COIN ETF 

Defiance Leveraged Long + Income GOOG ETF 

Defiance Leveraged Long + Income HIMS ETF 

Defiance Leveraged Long + Income HOOD ETF 

Defiance Leveraged Long + Income META ETF 

Defiance Leveraged Long + Income MSTR ETF 

Defiance Leveraged Long + Income NFLX ETF 

Defiance Leveraged Long + Income NVDA ETF 

Defiance Leveraged Long + Income PLTR ETF 

Defiance Leveraged Long + Income SMCI ETF 

Defiance Leveraged Long + Income TSLA ETF 

Defiance Leveraged Long MSTR ETF 

Defiance MAGA Seven ETF 

Defiance Nasdaq 100 Double Short Hedged ETF 

Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF 

Defiance Nasdaq 100 Income Target ETF 

Defiance Nasdaq 100 LightningSpread™ Income ETF 

Defiance Oil Enhanced Options Income ETF 

Defiance R2000 Enhanced Options & 0DTE Income ETF 

Defiance R2000 Income Target ETF 

Defiance Russell 2000 LightningSpread™ Income ETF 

Defiance S&P 500 Enhanced Options & 0DTE Income ETF 

Defiance S&P 500 Income Target ETF 

Defiance S&P 500 LightningSpread™ Income ETF 

Defiance Silver Enhanced Options Income ETF 

Defiance Treasury Alternative Yield ETF 

Defiance Treasury Enhanced Options Income ETF 

Defiance Trillion Dollar Club Index ETF 

Defiance Vol Carry Hedged ETF 

DGA Absolute Return ETF 

Even Herd Long Short ETF 

Grizzle Growth ETF 

Hilton Small-MidCap Opportunity ETF

Hilton Capital BDC Bond Index ETF 

iREIT® - MarketVector Quality REIT Index ETF 

LevMax™ AMZN Monthly 3x1 ETF 

LevMax™ Bitcoin Monthly 3x1 ETF 

LevMax™ BRK-B Monthly 3x1 ETF 

LevMax™ COIN Monthly 3x1 ETF 

LevMax™ HOOD Monthly 3x1 ETF 

LevMax™ MSFT Monthly 3x1 ETF 

LevMax™ MSTR Monthly 3x1 ETF 

LevMax™ NVDA Monthly 3x1 ETF 

LevMax™ PLTR Monthly 3x1 ETF 

LevMax™ RDDT Monthly 3x1 ETF 

LevMax™ SMCI Monthly 3x1 ETF 

LevMax™ TSLA Monthly 3x1 ETF 

Nicholas Fixed Income Alternative ETF 

Nicholas Global Equity and Income ETF 

Nicholas Crypto Income ETF 

Peerless Option Income Wheel ETF 

Pinnacle Focused Opportunities ETF 

Quantify Absolute Income ETF 

STKD Bitcoin & Gold ETF 

STKd 100% COIN & 100% NVDA ETF 

STKd 100% NVDA & 100% MSTR ETF 

STKd 100% MSTR & 100% COIN ETF 

STKd 100% COIN & 100% HOOD ETF 

STKd 100% NVDA & 100% AMD ETF 

STKd 100% TSLA & 100% MSTR ETF 

STKd 100% TSLA & 100% NVDA ETF 

STKd 100% SMCI & 100% NVDA ETF 

STKd 100% UBER & 100% TSLA ETF 

STKd 100% META & 100% AMZN ETF 

Return Stacked® Bonds & Futures Yield ETF 

Return Stacked® U.S. Stocks & Futures Yield ETF 

Return Stacked® Bonds & Managed Futures ETF 

Return Stacked® Global Stocks & Bonds ETF 

Return Stacked® U.S. Stocks & Managed Futures ETF 

Return Stacked® Bonds & Merger Arbitrage ETF 

Return Stacked® U.S. Stocks & Gold/Bitcoin ETF 

Roundhill Generative AI & Technology ETF 

Tactical Advantage ETF 

YieldMax™ AAPL Option Income Strategy ETF 

YieldMax™ Short AAPL Option Income Strategy ETF 

YieldMax™ ABNB Option Income Strategy ETF 

YieldMax™ ADBE Option Income Strategy ETF 

YieldMax™ AI Option Income Strategy ETF 

YieldMax™ AMD Option Income Strategy ETF 

YieldMax™ AMZN Option Income Strategy ETF 

YieldMax™ BA Option Income Strategy ETF 

YieldMax™ BIIB Option Income Strategy ETF 

YieldMax™ Bitcoin Option Income Strategy ETF 

YieldMax™ BRK.B Option Income Strategy ETF

YieldMax™ COIN Option Income Strategy ETF 

YieldMax™ Short COIN Option Income Strategy ETF 

YieldMax™ DIS Option Income Strategy ETF 

YieldMax™ Gold Miners Option Income Strategy ETF 

YieldMax™ GOOGL Option Income Strategy ETF 

YieldMax™ Innovation Option Income Strategy ETF 

YieldMax™ Short Innovation Option Income Strategy ETF 

YieldMax™ INTC Option Income Strategy ETF 

YieldMax™ JPM Option Income Strategy ETF 

YieldMax™ KWEB Option Income Strategy ETF 

YieldMax™ META Option Income Strategy ETF 

YieldMax™ MRNA Option Income Strategy ETF 

YieldMax™ MSFT Option Income Strategy ETF 

YieldMax™ Short N100 Option Income Strategy ETF 

YieldMax™ NFLX Option Income Strategy ETF 

YieldMax™ NKE Option Income Strategy ETF 

YieldMax™ NVDA Option Income Strategy ETF 

YieldMax™ Short NVDA Option Income Strategy ETF 

YieldMax™ ORCL Option Income Strategy ETF 

YieldMax™ PYPL Option Income Strategy ETF 

YieldMax™ ROKU Option Income Strategy ETF 

YieldMax™ SNOW Option Income Strategy ETF 

YieldMax™ XYZ Option Income Strategy ETF 

YieldMax™ TGT Option Income Strategy ETF 

YieldMax™ TLT Option Income Strategy ETF 

YieldMax™ TSLA Option Income Strategy ETF 

YieldMax™ Short TSLA Option Income Strategy ETF 

YieldMax™ XBI Option Income Strategy ETF 

YieldMax™ XOM Option Income Strategy ETF 

YieldMax™ ZM Option Income Strategy ETF 

YieldMax™ MSTR Option Income Strategy ETF 

YieldMax™ Ultra Option Income Strategy ETF 

YieldMax™ Magnificent 7 Fund of Option Income ETFs 

YieldMax™ Universe Fund of Option Income ETFs 

YieldMax™ BABA Option Income Strategy ETF 

YieldMax™ CVNA Option Income Strategy ETF 

YieldMax™ DKNG Option Income Strategy ETF 

YieldMax™ HOOD Option Income Strategy ETF 

YieldMax™ JD Option Income Strategy ETF 

YieldMax™ MARA Option Income Strategy ETF 

YieldMax™ PDD Option Income Strategy ETF 

YieldMax™ PLTR Option Income Strategy ETF 

YieldMax™ RBLX Option Income Strategy ETF 

YieldMax™ SHOP Option Income Strategy ETF 

YieldMax™ SMCI Option Income Strategy ETF 

YieldMax™ TSM Option Income Strategy ETF 

YieldMax™ Ether Option Income Strategy ETF 

YieldMax™ Target 12™ Semiconductor Option Income ETF 

YieldMax™ Target 12™ Biotech & Pharma Option Income ETF 

YieldMax™ Target 12™ Energy Option Income ETF 

YieldMax™ Target 12™ Real Estate Option Income ETF

YieldMax™ Target 12™ Tech & Innovation Option Income ETF 

YieldMax™ Target 12™ Big 50 Option Income ETF 

YieldMax™ Target 25™ Bitcoin Option Income ETF 

YieldMax™ Dorsey Wright Hybrid 5 Income ETF 

YieldMax™ Dorsey Wright Featured Income ETF 

YieldMax™ AI & Tech Portfolio Option Income ETF 

YieldMax™ Crypto Industry & Tech Portfolio Option Income ETF 

YieldMax™ China Portfolio Option Income ETF 

YieldMax™ Semiconductor Portfolio Option Income ETF 

YieldMax™ Biotech & Pharma Portfolio Option Income ETF 

YieldMax™ Ultra Short Option Income Strategy ETF 

YieldMax™ Nasdaq 100 0DTE Covered Call Strategy ETF 

YieldMax™ R2000 0DTE Covered Call Strategy ETF 

YieldMax™ S&P 500 0DTE Covered Call Strategy ETF 

YieldMax™ MSTR Short Option Income Strategy ETF 

YieldMax™ AMD Short Option Income Strategy ETF 

YieldMax™ AMZN Short Option Income Strategy ETF 

YieldMax™ MARA Short Option Income Strategy ETF 

YieldMax™ Bitcoin Short Option Income Strategy ETF 

YieldMax™ META Short Option Income Strategy ETF 

YieldMax™ SMCI Short Option Income Strategy ETF 

YieldMax™ Target 25™ AI Option Income ETF 

YieldMax™ Target 25™ AMD Option Income ETF 

YieldMax™ Target 25™ AMZN Option Income ETF 

YieldMax™ Target 25™ COIN Option Income ETF 

YieldMax™ Target 25™ MARA Option Income ETF 

YieldMax™ Target 25™ MSTR Option Income ETF 

YieldMax™ Target 25™ NVDA Option Income ETF 

YieldMax™ Target 25™ PLTR Option Income ETF 

YieldMax™ Target 25™ SMCI Option Income ETF 

YieldMax™ Target 25™ TSLA Option Income ETF 

YieldMax® AFRM Option Income Strategy ETF 

YieldMax® APP Option Income Strategy ETF 

YieldMax® ARM Option Income Strategy ETF 

YieldMax® AVGO Option Income Strategy ETF 

YieldMax® CRWD Option Income Strategy ETF 

YieldMax® GME Option Income Strategy ETF 

YieldMax® HIMS Option Income Strategy ETF 

YieldMax® IONQ Option Income Strategy ETF 

YieldMax® LLY Option Income Strategy ETF 

YieldMax® RDDT Option Income Strategy ETF 

YieldMax® SPOT Option Income Strategy ETF 

YieldMax® UBER Option Income Strategy ETF