Company: TOXR
Filing Date: 2025-10-10
Form Type: S-1/A
Source: 0001213900-25-098141
Chunk: 204

Company: 21Shares XRP ETF
Filing Date: 2025-10-10
Form: S-1/A
Chunk 204
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 or adequate indemnity against such risk or  
 liability is not reasonably assured or provided to it;                                                                                |

| (c) | under no circumstances will the Trustee be personally liable                         
 for any representation, warranty, covenant, agreement, or indebtedness of the Trust; |

| (d) | the Trustee will not be personally responsible for or in respect                                      
 of the validity or sufficiency of the Trust Agreement or for the due execution hereof by the Sponsor; |

| (e) | the Trustee will incur no liability to anyone in acting upon                                                                              
 any signature, instrument, notice, resolution, request, consent, order, certificate, report, opinion, bond or other document or paper     
 reasonably believed by it to be genuine and reasonably believed by it to be signed by the proper party or parties. The Trustee may accept 
 a certified copy of a resolution of any governing body of any corporate party as conclusive evidence that such resolution has been duly   
 adopted by such body and that the same is in full force and effect. As to any fact or matter the manner of ascertainment of which is      
 not specifically prescribed herein, the Trustee may for all purposes hereof rely on a certificate, signed by an authorized officer of     
 the Sponsor or any other corresponding directing party, as to such fact or matter, and such certificate will constitute full protection   
 to the Trustee for any action taken or omitted to be taken by it in good faith in reliance thereon;                                       |

| (f) | in the exercise or administration of the trust hereunder,                                                                                
 the Trustee (i) may act directly or through agents or attorneys pursuant to agreements entered into with any of them, and the Trustee    
 will not be liable for the default or misconduct of such agents or attorneys if such agents or attorneys will have been selected by the  
 Trustee in good faith and with due care and (ii) may consult with counsel, accountants and other skilled persons to be selected          
 by it in good faith and with due care and employed by it, and it will not be liable for anything done, suffered or omitted in good faith 
 by it in accordance with the advice or opinion of any such counsel, accountants or other skilled persons;                                |

| (g) | except as will be expressly provided in the Trust Agreement,                                                                            
 the Trustee will act solely as a trustee under the Trust Agreement and not in its individual capacity, and all persons having any claim 
 against the Trustee by reason of the transactions contemplated by the