Company: TOXR
Filing Date: 2025-11-07
Form Type: S-1/A
Source: 0001213900-25-107665
Chunk: 178

Company: 21Shares XRP ETF
Filing Date: 2025-11-07
Form: S-1/A
Chunk 178
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 and will generally
not be eligible for other use or withdrawal from the Trust’s Trading Balance. The Trust’s Vault Balance may be used directly
to fund orders. With each Connected Trading Venue, the Prime Broker shall establish an account in the Prime Broker’s name, or in
its name for the benefit of clients, to trade on behalf of its clients, including the Trust, and the Trust will not, by virtue of the
Trading Balance the Trust maintains with the Prime Broker, have a direct legal relationship, or account with, any Connected Trading Venue.

The Prime Broker may terminate
the Prime Broker Agreement in its entirety for any reason and without Cause by providing at least ninety (90) days’ prior
written notice to the Trust. The Trust may terminate the Prime Broker Agreement in its entirety for any reason and without Cause by providing
at least 30 (thirty) days’ prior written notice to the Prime Broker; provided, however, the Trust’s termination of the
Prime Broker Agreement shall not be effective until the Trust has fully satisfied its obligations the Prime Broker Agreement.

The Prime Broker and the
Coinbase Custodian may, in their sole discretion, suspend, restrict or terminate the Trust’s prime broker services, including by
suspending, restricting or closing any account of the Trust covered under the Prime Broker Agreement for Cause, at any time and with
prior notice to the Trust.

For purposes of the Prime
Broker Agreement, “Cause” shall mean: (i) the Trust (a) fails to make a payment when due or (b) materially
breaches any provision of this Prime Broker Agreement and such breach is not cured within one (1) Business Day after notice
of such breach is given to Trust in the case of a payment-related breach or is not cured within ten (10) Business Days after
notice of such breach is given to Trust in the case of a non-payment related breach; (ii) the Trust takes any action to dissolve
or liquidate, in whole or part; (iii) the Trust becomes insolvent, makes an assignment for the benefit of creditors, becomes subject
to direct control of a trustee, receiver or similar authority; (iv) the Trust becomes subject to any bankruptcy or insolvency proceeding
under any applicable laws, rules and regulations, such termination being effective immediately upon any declaration of bankruptcy; (v) termination
is required pursuant to a court order or binding order of a government authority; (vi) the Trust’s account with the Prime
Broker is subject to