Company: TOXR
Filing Date: 2025-11-20
Form Type: S-1/A
Source: 0001213900-25-112826
Chunk: 218

Company: 21Shares XRP ETF
Filing Date: 2025-11-20
Form: S-1/A
Chunk 218
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 be liable for any Losses for delays caused by circumstances beyond the reasonable control of the Administrator or any agent of the Administrator and which adversely affect the performance by the Administrator of its obligations and duties under the Fund Administration and Accounting Agreement or by any other agent of the. Upon the occurrence of any such delay or failure, the Administrator shall use commercially reasonable efforts to resume performance as soon as practicable under the circumstances.

The Trust will indemnify the Administrator and any affiliate of the Administrator (“Indemnitees”), and the Indemnitees will incur no liability for its reliance upon (i) any law, act, regulation or interpretation of the same even though the same may thereafter have been altered, changed, amended or repealed, (ii) the Trust’s offering materials or documents (excluding information provided by the Administrator), (iii) any instructions or (iv) any written opinion of legal counsel for the Trust or the Administrator, or arising out of transactions or other activities of the Trust which occurred prior to the commencement of the Fund Administration and Accounting Agreement; provided however, that the Trust shall not indemnify any Indemnitee for any losses arising out of the Indemnitees’ own bad faith, gross negligence or willful misconduct in the performance of the Fund Administration and Accounting Agreement.

Transfer Agency and Services Agreement

Pursuant to the Transfer
Agency and Services Agreement, the Transfer Agent is generally responsible for the day-to-day administration of the Trust.
The responsibilities of the Transfer Agent include: (i) performing and facilitating the performance of purchases and redemption
of Creation Baskets; (ii) preparing and transmitting by means of DTC’s book entry system payments for dividends and distributions
on or with respect to the Shares, if any, declared by the Trust; (iii) maintaining the record of the name and address of the Shareholder
and the number of Shares issued by the Trust and held by the Shareholder; and (iv) recording the issuance of Shares of the Trust
and maintain a record of the total number of Shares of the Trust which are outstanding and authorized, based upon data provided to it
by the Trust.

The Transfer Agency and Services Agreement will have a one-year initial term and will automatically be renewed for successive one-year periods, unless terminated pursuant to the terms of the agreement.

Custodial Services Agreements

The Coinbase Custodian, the Anchorage Custodian and the BitGo Custodian are the custodians for the Trust and hold all of the Trust’s XRP on the Trust’s behalf.

The X