Exhibit 99.(d)(xv)(2)
SECOND AMENDMENT TO THE
INVESTMENT ADVISORY AGREEMENT
THIS SECOND AMENDMENT dated as of August 13, 2026, to the Investment Advisory Agreement dated as of August 5, 2022 (the “Agreement”), is entered into by and between TIDAL TRUST I (f/k/a TIDAL ETF TRUST) (the “Trust”), on behalf of the series of the Trust as indicated on Schedule A to the Agreement, as may be amended from time to time, and TIDAL INVESTMENTS LLC (f/k/a TOROSO INVESTMENTS, LLC) (hereinafter called the “Adviser”).
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the Trust and the Adviser desire to amend Schedule A to add the following series:
Unlimited Dynamic Leverage Gold ETF
Unlimited Dynamic Leverage Bitcoin ETF
Unlimited Dynamic Leverage Oil ETF
Unlimited Dynamic Leverage US Stocks ETF
Unlimited Dynamic Leverage US Treasuries ETF (each, a “New Fund,” and collectively, the “New Funds”); and
WHEREAS, Section 21 of the Agreement allows for the amendment of the Agreement by a written instrument executed by both parties;
NOW, THEREFORE, the parties agree as follows:
Schedule A of the Agreement is hereby superseded and replaced with Amended Schedule A attached hereto, for the purpose of adding the New Funds, to be effective at the time each New Fund commences operation pursuant to an effective amendment to the Trust’s Registration Statement under the Securities Act of 1933, as amended.
Except to the extent amended hereby, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
SIGNATURES ON NEXT PAGE
| TIDAL TRUST I | TIDAL INVESTMENTS LLC | |||
| on behalf of its series listed on Amended Schedule A | ||||
| By: | /s/Eric W. Falkeis | By: | /s/Jay Pestrichelli | |
| Name: | Eric W. Falkeis | Name: | Jay Pestrichelli | |
| Title: | President | Title: | Chief Investment Officer | |
Amended Schedule A
to the
Investment Advisory Agreement
by and between
Tidal Trust I and Tidal Investments LLC
| Fund Name | Advisory Fee |
Effective Date |
| Unlimited HFND Multi-Strategy Return Tracker ETF | 0.95% | 10/10/2022 |
| Unlimited HFEQ Equity Long/Short ETF | 0.95% | 7/14/2025 |
| Unlimited HFGM Global Macro ETF | 0.95% | 4/14/2025 |
| Unlimited HFMF Managed Futures ETF | 0.95% | 7/14/2025 |
| Unlimited HFEV Event Driven ETF | 0.95% | Commencement of Operations |
| Unlimited HFFI Fixed Income ETF | 0.95% | Commencement of Operations |
| Unlimited HFEM Emerging Markets ETF | 0.95% | Commencement of Operations |
| Unlimited Ultra HFND Multi-Strategy ETF | 0.95% | Commencement of Operations |
| Unlimited Low-Beta HFND Multi-Strategy ETF | 0.95% | Commencement of Operations |
| Unlimited Dynamic Leverage Gold ETF | 0.95% | Commencement of Operations |
| Unlimited Dynamic Leverage Bitcoin ETF | 0.95% | Commencement of Operations |
| Unlimited Dynamic Leverage Oil ETF | 0.95% | Commencement of Operations |
| Unlimited Dynamic Leverage US Stocks ETF | 0.49% | Commencement of Operations |
| Unlimited Dynamic Leverage US Treasuries ETF | 0.49% | Commencement of Operations |