Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 161

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 161
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 hire, with such standard of care being deemed satisfied if the SOL Custodian exercises such care as it exercises with respect to any custody account, and assets of a similar type, owned by the SOL Custodian or any of its affiliates.

The SOL Custodian does not bear any liability for any damage or interruptions caused by any computer viruses or other malware that may affect the Trust’s computer or other equipment, or any phishing, spoofing or other attack, unless such damage or interruption directly resulted from the SOL Custodian’s gross negligence, fraud, or willful misconduct.

The SOL Custodian and its affiliates are also not liable (a) for any amount greater than the value of SOL on deposit in the Custodial Account at the time of the events giving rise to the liability (the value of which shall be calculated at the average U.S. dollar ask price, at the time of the loss, of the three (3) largest exchanges (by trailing 30-day volume) which offer the relevant digital currency or digital asset/USD trading pair, as relevant, subject to the per address limitation as described below) and/or (b) for any lost profits or any special, incidental, indirect, intangible, or consequential damages arising out of or in connection with authorized or unauthorized use of the website through which the custodial services are provided or the custodial services. The SOL Custodian does not make any representations or warranties that access to the site or any part of the custodial services will be continuous, uninterrupted, or timely; be compatible or work with any software, system or other services; or be secure, complete, free of harmful code, or error-free.

The SOL Custodian’s maximum liability for each cold storage address is limited to $100,000,000. The Trust and the SOL Custodian have agreed to indemnify and hold harmless the other party from any third-party claim or third-party demand arising out of such party’s (i) breach of the Custodian Agreement, (ii) breach of the confidentiality obligations under or in connection with the Custodian Agreement, (iii) violation of any law, rule or regulation, or the rights of any third-party, or (iv) gross negligence, fraud or willful misconduct.

Digital assets are not subject to the protections or insurance provided by the FDIC or the SIPC. The SOL Custodian will obtain and maintain, at its sole expense, insurance coverage in such types and amounts as are commercially reasonable for the custodial services. Such insurance is solely for the benefit of the SOL Cust