Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 173

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 173
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 Custody Agreement, Anchorage is not liable for any losses, whether in contract, tort or otherwise, for any amount in excess of fees paid by the Trust in the twelve (12) months prior to when the liability arises. Moreover, the Anchorage Custodian is not liable for (i) losses which arise from its compliance with applicable laws, including sanctions laws administered by the OFAC of the U.S. Treasury Department; or (ii) special, indirect or consequential damages, or lost profits or loss of business arising in connection with the Anchorage Custody Agreement. In addition, the Anchorage Custodian is not liable for any losses which arise as a result of the non-return of digital assets that the Trust has delegated to the Anchorage Custodian or a third party for on-chain services, such as staking, voting, vesting, and signaling, unless such losses occur as a result of the Anchorage Custodian’s fraud or intentional misconduct.

The XRP Custodians are not liable for delays, suspension of operations, failure in performance, or interruption of service to the extent it is
directly due to a cause or condition beyond the reasonable control of the XRP Custodians. Under the Custodial Services Agreements,
except in the case of their negligence, fraud, material violation of applicable law or willful misconduct, the XRP Custodians shall
not have any liability, obligation, or responsibility for any damage or interruptions caused by any computer viruses, spyware,
scareware, Trojan horses, worms or other malware that may affect the Trust’s computer or other equipment, or any phishing,
spoofing or other attack, unless the XRP Custodians fail to have commercially reasonable policies, procedures and technical controls
in place to prevent such damages or interruptions.

The Coinbase Custodian
may terminate the Coinbase Custodial Services Agreement for any reason upon providing the applicable notice to the Trust, or immediately
for “cause” (as defined in the Coinbase Custodial Services Agreement), including for, among others, if the Trust materially
breaches the Prime Broker Agreement and such breach remains uncured for a specified period of time, or if the Trust undergoes a bankruptcy
event. The Anchorage Custodian may terminate the Anchorage Custodial Services Agreement upon a material breach which is not cured within
thirty (30) days after receipt by the Trust or Sponsor of written notice from the Anchorage Custodian of such breach. The Anchorage Custodian
and the Trust may terminate the Anchorage Cust