Exhibit 99.(d)(xiv)(i)
FIRST AMENDMENT TO THE
TIDAL TRUST III
INVESTMENT ADVISORY AGREEMENT
with
TIDAL INVESTMENTS LLC
This First Amendment to the Investment Advisory Agreement (the “Amendment”) is made as of August 1, 2025, by and between TIDAL TRUST III (the “Trust”) and TIDAL INVESTMENTS LLC (the “Adviser”).
BACKGROUND:
| A. | The Trust and the Adviser have entered into an Investment Advisory Agreement dated as of December 16, 2024 (the “Agreement”) pursuant to which the Adviser is engaged by the Trust to serve as the investment adviser to each Fund identified on the then-current Schedule A to the Agreement. |
| B. | The Trust and the Adviser desire to amend and restate Schedule A to the Agreement to add four new Funds. In particular, the parties desire to amend and restate Schedule A to add the following new Funds: |
Battleshares™ Bitcoin vs Ether ETF
Battleshares™ Ether vs Bitcoin ETF
Battleshares™ Bitcoin vs Gold ETF
Battleshares™ Gold vs Bitcoin ETF
| C. | Section 21 of the Agreement allows for the amendment of the Agreement by a written instrument executed by both parties. |
| D. | This Background section and the Schedule attached to this Amendment are incorporated by reference into, and made a part of, this Amendment. |
TERMS:
NOW, THEREFORE, intending to be legally bound, the parties agree as follows:
| 1. | The current Schedule A to the Agreement is hereby amended and restated in its entirety as set forth on the Amended and Restated Schedule A attached hereto. |
| 2. | Miscellaneous. |
| a. | Capitalized terms not defined in this Amendment shall have the respective meanings set forth in the Agreement. |
| b. | Except as specifically amended by this Amendment, and except as necessary to conform to the intention of the parties herein above set forth, the Agreement shall remain unaltered and in full force and effect and is hereby ratified and confirmed. |
| c. | The Agreement, as amended hereby, together with its Schedule, constitutes the complete understanding and agreement of the parties with respect to the subject matter hereof and supersedes all prior communications with respect thereto. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The facsimile signature of any party to this Amendment shall constitute the valid and binding execution hereof by such party. |
IN WITNESS WHEREOF, the parties have caused this Amendment to be signed by duly authorized representatives as of the date first set forth above.
| TIDAL TRUST III | TIDAL INVESTMENTS LLC | |||
| on behalf of its series listed on Amended and Restated Schedule A | ||||
| By: | /s/Eric Falkeis | By: | /s/Daniel Carlson | |
| Name: | Eric Falkeis | Name: | Daniel Carlson | |
| Title: | President | Title: | Co-Founder & Chief of Staff | |
| Date: | 08-04-2025 | Date: | 08-04-2025 | |
Amended AND RESTATED
Schedule A
to the
TIDAL TRUST III
INVESTMENT ADVISORY AGREEMENT
with
TIDAL INVESTMENTS LLC
| Fund Name | Advisory Fee |
| Battleshares™ NVDA vs INTC ETF | 1.29% |
| Battleshares™ TSLA vs F ETF | 1.29% |
| Battleshares™ AMZN vs M ETF | 1.29% |
| Battleshares™ COIN vs WFC ETF | 1.29% |
| Battleshares™ MSTR vs JPM ETF | 1.29% |
| Battleshares™ NFLX vs CMCSA ETF | 1.29% |
| Battleshares™ LLY vs YUM ETF | 1.29% |
| Battleshares™ GOOGL vs NYT ETF | 1.29% |
| Battleshares™ Bitcoin vs Ether ETF | 1.29% |
| Battleshares™ Ether vs Bitcoin ETF | 1.29% |
| Battleshares™ Bitcoin vs Gold ETF | 1.29% |
| Battleshares™ Gold vs Bitcoin ETF | 1.29% |
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