Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 86

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 86
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 the Sponsor, including several other digital asset investment vehicles, and their          
 respective clients and cannot devote all of its, or their, respective time or resources to the management of the affairs of the Trust;      |

| ● | The                                                                                                                                     
 Sponsor, its affiliates and their respective officers and employees are not prohibited from engaging in other businesses or activities, 
 including those that might be in direct competition with the Trust;                                                                     |

| 49 |

| ● | The                                                                                                                           
 Sponsor has sole discretion to stake the Trust’s SOL, including the selection of the Staking Provider(s), and Staking Rewards 
 earned by the Trust are paid to the Sponsor;                                                                                  |

| ● | Affiliates                                                                                                                          
 of the Sponsor have substantial direct investments in SOL that they are permitted to manage taking into account their own interests 
 without regard to the interests of the Trust or its shareholders, and any increases, decreases or other changes in such investments 
 could affect the Index Price and, in turn, the value of the Shares;                                                                 |

| ● | There                                                                                                                       
 is an absence of arm’s-length negotiation with respect to certain terms of the Trust, and, where applicable, there has been 
 no independent due diligence conducted with respect to the Trust;                                                           |

| ● | The                                                                                                          
 Sponsor decides whether to retain separate counsel, accountants or others to perform services for the Trust; |

| ● | While                                                                                                                                
 the Index Provider does not currently utilize data from over-the-counter markets or derivatives platforms, it may decide to include  
 pricing from such markets or platforms in the future;                                                                                |
| ● | The                                                                                                                                  
 Sponsor may appoint an agent to act on behalf of the shareholders, and such agent may be the Sponsor or an affiliate of the Sponsor; 
 and                                                                                                                                  |

| ● | The                                                                                                                
 Sponsor has historically and may again select an Index Provider that is an affiliate of the Sponsor and the Trust. |

By purchasing the Shares, shareholders agree and consent to the provisions set forth in the Trust Agreement. See “Business of the Trust—Description of the Trust Agreement.”

For a further discussion of the conflicts of interest among the Sponsor, the distributor, the marketer, Authorized Participant, Liquidity Providers, the Trust and others, see “Certain Relationships and Related Party Transactions.”

Shareholders cannot be assured of the Sponsor’s continued services, the discontinuance of which may be detrimental to the Trust.

Shareholders cannot be assured that the Sponsor will be willing or able to continue to serve as sponsor to the Trust for any length of time. If