Company: TOXR
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001213900-25-079981
Chunk: 195

Company: 21Shares XRP ETF
Filing Date: 2025-08-22
Form: S-1/A
Chunk 195
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 name shall be deemed executed and accepted         
 on behalf of the Trust by the Sponsor; provided, however, that such services may be performed by an Affiliate or Affiliates of the Sponsor 
 so long as the Sponsor has made a good faith determination that: (A) the Affiliate that it proposes to engage to perform such services     
 is qualified to do so (considering the prior experience of the Affiliate or the individuals employed by the Affiliate); (B) the            
 terms and conditions of the agreement pursuant to which such Affiliate is to perform services for the Trust are no less favorable to       
 the Trust than could be obtained from equally-qualified unaffiliated third parties; and (C) the maximum period covered by the agreement    
 pursuant to which such Affiliate is to perform services for the Trust shall not exceed one year, and such agreement shall be terminable    
 without penalty upon one hundred twenty (120) days’ prior written notice by the Trust;                                                     |

| ● | To establish, maintain, deposit into, and sign checks and/or                                            
 otherwise draw upon, accounts on behalf of the Trust with appropriate banking and savings institutions; |

| ● | To cause legal title to any Trust property to be held by or                                                                              
 in the name of the Sponsor, or to have any contract entered into in the name of the Sponsor, on such terms as the Sponsor may determine, 
 with the same effect as if such property were held in the name of the Trust or such contract were entered into in the name of the Trust; |

| ● | To deposit, withdraw, pay, retain and distribute the Trust                                          
 Estate or any portion thereof in any manner consistent with the provisions of this Trust Agreement; |

| ● | To supervise the preparation of any offering materials for                                                           
 the Trust (including but not limited to offering memoranda and prospectuses) and supplements and amendments thereto; |

| ● | To pay or authorize the payment of distributions to the Shareholders 
 and expenses of the Trust;                                           |

| ● | To prepare, or cause to be prepared, and file, or cause to                                                                             
 be filed, an application to enable the Shares to be traded on any listing exchange or over-the-counter quotation or listing platform   
 as determined by the Sponsor in its sole discretion and to take any other action and execute and deliver any certificates or documents 
 that may be necessary to effectuate such listing;                                                                                      |

| ● | To appoint one or more XRP custodians or other security vendors                                                                            
 as the Sponsor deems necessary in its sole discretion