Company: TOXR
Filing Date: 2025-12-08
Form Type: S-1/A
Source: 0001213900-25-118924
Chunk: 214

Company: 21Shares XRP ETF
Filing Date: 2025-12-08
Form: S-1/A
Chunk 214
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 Trust Agreement, (i) whenever a conflict of interest exists or arises between the Sponsor or any of its affiliates, on the
one hand, and the Trust, on the other hand; or (ii) whenever the Trust Agreement or any other agreement contemplated herein or therein
provides that the Sponsor will act in a manner that is, or provides terms that are, fair and reasonable to the Trust, the Sponsor will
resolve such conflict of interest, take such action or provide such terms, considering in each case the relative interest of each party
(including its own interest) to such conflict, agreement, transaction or situation and the benefits and burdens relating to such interests,
and any applicable generally accepted accounting practices or principles. In the absence of bad faith by the Sponsor, the resolution,
action or terms so made, taken or provided by the Sponsor will not constitute a breach of the Trust Agreement or any other agreement
contemplated herein or of any duty or obligation of the Sponsor at law or in equity or otherwise.

The Sponsor and its shareholders,
members, directors, officers, employees, affiliates and subsidiaries (each a “Sponsor Indemnified Party”) will be indemnified
by the Trust against any losses, judgments, liabilities, expenses and amounts paid in settlement of any claims arising out of or in connection
with the performance of its obligations under the Trust Agreement or any actions taken in accordance with the provisions of the Trust
Agreement, provided that (i) the Sponsor was acting on behalf of, or performing services for, the Trust and has determined, in good
faith, that such course of conduct was in the best interests of the Trust and such liability or loss was not the result of fraud, gross
negligence, bad faith, willful misconduct, or a material breach of the Trust Agreement on the part of the Sponsor and (ii) any such
indemnification will be recoverable only from the Trust Estate. Any amounts payable to a Sponsor Indemnified Party under the Trust Agreement
may be payable in advance or will be secured by a lien on the Trust. The Sponsor will not be under any obligation to appear in, prosecute
or defend any legal action that in its opinion may involve it in any expense or liability; provided, however, that the Sponsor may, in
its discretion, undertake any action that it may deem necessary or desirable in respect of the Trust Agreement and the rights and duties
of the parties hereto and the interests of the Shareholders and, in such event,