Company: TOXR
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001213900-25-098141
Chunk: 173

Company: 21Shares XRP ETF
Filing Date: 2025-10-10
Form: S-1/A
Chunk 173
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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 XRP
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 any pending litigation, investigation or government proceeding that is reasonably likely to affect the legality,
validity or enforceability against it of the Prime Broker Agreement or its ability to perform its obligations under the Prime Broker
Agreement; or (vii) The Prime Broker reasonably suspects Trust of attempting to circumvent the Prime Broker’s controls or
uses the Prime Broker’s services in a manner the Prime Broker otherwise deems inappropriate or potentially harmful to itself or
third parties, and Trust fails to provide the Prime Broker written evidence reasonably acceptable to the Prime Broker of Trust’s
non-circumvention of such controls within three (3) Business Days following written notice from the Prime Broker.

The Trust may terminate this
Prime Broker Agreement upon prior notice to the Prime Broker upon an event which constitutes “Coinbase Cause.” “Coinbase
Cause” means (i