SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-10.1
Date Filed: 2026-04-27
Accession Number: 0001999371-26-009120
Exchange: 
SIC Code: 6221
SIC Description: Commodity Contracts Brokers & Dealers
URL: https://www.sec.gov/Archives/edgar/data/2089855/000199937126009120/ex10-1.htm

Chunk 0 of 2
Word Count: 1453
Character Count: 8861

Document Content:

T.Rowe Price Active Crypto ETF S-1A

Exhibit 10.1

SPONSOR AGREEMENT

THIS
SPONSOR AGREEMENT (the “Agreement”), dated as of September 16, 2025, is made by and between T. Rowe Price Sponsor
LLC, a Delaware limited liability company (the “Sponsor”), and T. Rowe Price Active Crypto ETF, a statutory trust organized
under the laws of Delaware (the “Trust”).

1.	The Trust . The Trust is sponsored by the Sponsor. The Trust
is not an investment company under the Investment Company Act of 1940 (the “1940 Act”) and it is not required to register
thereunder. The Trust is not a commodity pool (or is subject to an exemption) for purposes of the Commodity Exchange Act of 1936, as amended,
and the Sponsor is not subject to regulation by the Commodity Futures Trading Commission as a commodity pool operator or a commodity trading
advisor. The Sponsor is not registered as an investment adviser under the Investment Advisers Act of 1940 and is not required to register
thereunder.

2.	Appointment . Pursuant to the terms of the Trust’s Amended
and Restated Agreement and Declaration of Trust (the “Trust Agreement”), the Sponsor was appointed to serve as sponsor for
the Trust, with full powers and rights to effectuate and carry out the purposes, activities and objectives of the Trust. The Sponsor has
accepted such appointment and hereby agrees to render such services to the Trust on the terms and conditions set forth in the Trust Agreement
and in this Agreement. The Sponsor shall have power to cause legal title to any Trust property to be held by or in the name of the Sponsor,
or to have any contract entered into in the name of the Sponsor, on such terms as the Sponsor may determine, with the same effect as if
such property were held in the name of the Trust or such contract were entered into in the name of the Trust.

3.	Duties . The Sponsor will perform such duties for the Trust
as set forth in the Trust Agreement in accordance with Sponsor’s best judgment and as outlined in the Trust’s then-current
prospectus included as part of a registration statement filed with the U.S. Securities and Exchange Commission (“SEC”).

4.	Execution of Trust Documents . Pursuant to the terms of the
Trust Agreement, the Sponsor is authorized to execute documents for and on behalf of the Trust. For the avoidance of doubt, when a specified
officer of the Trust is required to execute, or executes, a document, including but not limited to filings required to be made with regulatory
authorities such as the SEC, the following officers of the Sponsor (or persons performing similar functions, including in the event of
a vacancy in one or more of the specified Sponsor’s officer positions) shall be authorized to execute the document in the capacities
indicated below:

Specified Trust Officer	Sponsor Officer Authorized to Execute Trust Document in
the Capacity of the Specified Trust Officer

Principal Executive Officer / Chief Executive Officer /
President	Chief Executive Officer

Principal Financial Officer /
Chief Financial Officer	Chief Financial Officer

Principal Accounting Officer / Comptroller / Treasurer	Treasurer

Vice President	Any Vice President

Secretary	Any Secretary or Assistant Secretary

5.	Reporting; Record Keeping . The Sponsor will be available
at reasonable times to discuss the activities of the Trust with the trustee of the Trust or its designee. Any written reports supplied
by Sponsor to the Trust discussing the activities of the Trust are intended solely for the benefit of the Trust, and the Trust agrees
that it will not disseminate such reports to any other party (other than the Trust’s service providers) without the prior consent
of Sponsor, except as may be required by applicable law.

Sponsor shall make or cause to be
made, and shall maintain or cause to be maintained, all records as required to be made or maintained by it in its capacity as sponsor
of the Trust.

6.	Other Accounts . The Trust understands and acknowledges
that Sponsor may act as sponsor for various persons other than the Trust. The Trust acknowledges that Sponsor may give advice and take
action concerning other persons that may be the same as, similar to or different from the advice given, or the timing and nature of action
taken, concerning the Trust. The Trust also acknowledges that Sponsor may serve as a manager to other investment funds that invest in
cryptocurrency with the same investment objective as the Trust, and the Sponsor or its affiliates may serve as a manager to other investment
funds that invest in digital assets. Except to the extent necessary to perform Sponsor’s obligations under this Agreement, nothing
herein shall be deemed to limit or restrict the right of Sponsor, or any affiliate of Sponsor or any employee of Sponsor to engage in
any other business or to devote time and attention to the management or other aspects of any other business, whether of a similar or dissimilar
nature, or to render services of any kind to any other corporation, firm, individual or association.

7.	Compensation (Management Fee) . The Trust shall pay to the
Sponsor a management fee as compensation for the Sponsor’s services rendered to the Trust, computed daily and paid at least monthly
in arrears, at an annual rate of 0.90% of the average daily net assets of the Trust. The Sponsor’s compensation is paid in consideration
of Sponsor’s (i) services under this Agreement and the Trust Agreement; and (ii) the payment by the Sponsor of the Trust expenses
described in paragraph 8 below.

8.	Ordinary Fees and Expenses . The Sponsor shall pay all routine
operational, administrative, and other ordinary expenses of the Fund, including but not limited to, fees and expenses of the Administrator,
Trustee, Custodians, Transfer Agent, licensors, accounting and audit fees and expenses, tax preparation expenses, ongoing SEC registration
fees, report preparation and mailing expenses, and ordinary legal fees and expenses.

The Sponsor shall not be required to pay and
the Fund must pay all of its (1) brokerage commissions, including but not limited to applicable exchange fees and give-up fees, fees and
commissions related to any crypto transaction fees for on-chain transfers of assets, and other transaction related fees and expenses charged
in connection with trading activities. The Fund also pays all of its (2) borrowing and financing costs and expenses. The Fund pays all
of its (3) taxes or governmental fees payable by or in respect to the Fund to federal, state, or other governmental agencies, domestic
or foreign, including stamp or other transfer taxes. The Fund also pays all of its (4) non-recurring, extraordinary, or unusual fees and
expenses, if any. Non-recurring, extraordinary, or unusual fees and expenses are unexpected or unusual in nature, such as legal claims
and liabilities and litigation costs or indemnification or other unanticipated expenses. The Fund may be required to indemnify the Sponsor,
and the Fund and/or the Sponsor may be required to indemnify the Fund’s service providers under certain unusual or extraordinary
circumstances. Non-recurring, unusual, or extraordinary expenses of the Fund will be determined by the Sponsor or Administrator. The Sponsor
may determine in its sole discretion to assume any non-recurring, unusual, or extraordinary expenses of the Fund, if applicable.

Notwithstanding any other provision
to the contrary, the Trust’s organizational and initial offering costs shall be borne by the Sponsor and, as such, are the sole
responsibility of the Sponsor. The Sponsor hereby agrees not to seek reimbursement from or otherwise require the Trust, or any other party
to assume any liability, duty or obligation in connection with any such organizational and initial offering costs.

9.	Liability and Indemnification . The Sponsor will not be
liable for losses to the Trust, and Sponsor shall be indemnified, to the extent provided in the Trust Agreement.

10.	Tax Filings . Except as described in any applicable filings
with the SEC, the Sponsor will not be responsible for making any tax credit or similar claim or any legal filing on the Trust’s
behalf.

11.	Governing Law/Disputes . This Agreement is entered into
in accordance with and shall be governed by the laws of the State of Delaware; provided, however, that in the event that any law of the
State of Delaware shall require that the laws of another state or jurisdiction be applied in any proceeding, such Delaware law shall be
superseded by this paragraph, and the remaining laws of the State of Delaware shall nonetheless be applied in such proceeding. Each
party agrees that in the event that any dispute arising from or relating to this Agreement becomes subject to any judicial proceeding,
such party waives any right it may otherwise have to (a) seek punitive damages, or (b) request a jury trial.