SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-1.1
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/ex1-1.htm

Chunk 2 of 4
Word Count: 1212
Character Count: 7667

Document Content:

to the public; i. incurred in connection with its registration as a broker or dealer or the registration or qualification of its officers, directors, or representatives under federal and state laws; and j. incurred in connection with the sale and offering for sale of Shares which have not been herein specifically allocated to the Trust. Notwithstanding the above, the Trust shall be responsible for interest, taxes, brokerage commissions and other charges incident to the purchase, sale or lending of portfolio holdings, directors’ fees and expenses (including counsel fees and expenses) and such non-recurring or extraordinary expenses that may arise, including the costs of actions, suits or proceedings to which the Trust is a party and the expenses the Trust may incur as a result of its obligation to provide indemnification to the Distributor. No compensation shall be due or payable by the Trust to the Distributor pursuant to this Agreement.

11.       Conformity
With Law. Distributor agrees that in selling Shares it shall duly conform in all respects with the laws of the United States and any
state in which such Shares may be offered for sale by Distributor pursuant to this Agreement and to the rules and regulations of FINRA.
The Distributor shall require the applicable Foreign Affiliate to agree that all OUS Activities shall duly conform in all respects with
the laws of the applicable country in which sales of such Shares are accepted.

12.       Independent
Contractor. Distributor shall be an independent contractor and neither Distributor, nor any of its officers, directors, employees,
or representatives is or shall be an employee of the Trust in the performance of Distributor’s duties hereunder. Distributor shall
be responsible for its own conduct and the employment, control, and conduct of its agents and employees and for injury to such agents
(including any Foreign Affiliates, if applicable) or employees or to others through its agents or employees. Distributor assumes full
responsibility for its agents and employees under applicable statutes and agrees to pay all employee taxes thereunder.

Representations by Trust. In connection with the creation and redemption of the
Creation Units of Shares, the Trust represents and warrants that: (i) the Registration Statement is effective, no stop order of the
SEC with respect thereto has been issued, no proceedings for such purpose have been instituted or, to its knowledge, are being
contemplated; (ii) the Registration Statement conforms in all material respects to the requirements of all applicable laws, and the
rules and regulations of the SEC thereunder and does not contain an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were
made, not misleading; (iii) the Shares, when issued and delivered against payment of consideration thereof will be duly and validly
authorized, issued, fully paid and non-assessable and free of statutory and contractual preemptive rights, rights of first refusal
and similar rights; (iv) no consent, approval, authorization, order, registration or qualification of or with any court or
governmental agency or body is required for the issuance and sale of the Shares, except the registration of the Shares under the
1933 Act; and (v) Shares will be approved for listing on a listing exchange at all times this Agreement remains in effect.

14.       Indemnification.
Distributor, on its own behalf and on behalf of any Foreign Affiliate entering into an agreement to perform OUS Activities, agrees to
indemnify and hold harmless the Trust, as appropriate, and each of the Trust’s officers, employees, representatives and each person,
if any, who controls the Trust within the meaning of Section 15 of SA-33 against any and all losses, liabilities, damages, claims, or
expenses (including the reasonable costs of investigating or defending any alleged loss, liability, damage, claim, or expense and reasonable
legal counsel fees incurred in connection therewith) to which the Trust or the Trust’s, officers, employees, representatives, or
controlling person may become subject under SA-33, under any other statute, at common law, or otherwise, arising out of the acquisition
of any Shares by any person which (i) may be based upon any wrongful act by Distributor or any of Distributor’s directors, officers,
employees, or representatives, or (ii) may be based upon any untrue statement or alleged untrue statement of a material fact contained
in a registration statement, shareholder report, or other information covering Shares filed or made public by the Trust, or any amendment
thereof or supplement thereto, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary
to make the statements therein not misleading if such statement or omission was made in reliance upon information furnished to the Trust
by Distributor. In no case (i) is Distributor’s indemnity in favor of the Trust, or any person indemnified to be deemed to protect
the Trust, or such indemnified person against any liability to which the Trust, or such person would otherwise be subject by reason of
willful misfeasance, bad faith, or gross negligence in the performance of his duties or by reason of his reckless disregard of his obligations
and duties under this Agreement or (ii) is Distributor to be liable under its indemnity agreement contained in this Section with respect
to any claim made against the Trust, or any person indemnified unless the Trust, as appropriate, or such person, as the case may be, shall
have notified Distributor in writing of the claim within a reasonable time after the summons or other first written notification giving
information of the nature of the claim shall have been served upon the Trust, or upon such person (or after the Trust or such person shall
have received notice of such service on any designated agent). However, failure to notify Distributor of any such claim shall not relieve
Distributor from any liability which Distributor may have to the Trust or any person against whom such action is brought otherwise than
on account of Distributor’s indemnity agreement contained in this Section.

Distributor shall be entitled
to participate, at its own expense, in the defense, or, if Distributor so elects, to assume the defense of any suit brought to enforce
any such claim, but, if Distributor elects to assume the defense, such defense shall be conducted by legal counsel chosen by Distributor
and satisfactory to the Trust to its directors, officers, employees, or representatives, or to any controlling person or persons, defendant
or defendants, in the suit. In the event that Distributor elects to assume the defense of any such suit and retain such legal counsel,
the Trust, its directors, officers, employees, representatives, or controlling person or persons, defendant or defendants in the suit,
shall bear the fees and expenses of any additional legal counsel retained by them. If Distributor does not elect to assume the defense
of any such suit, Distributor will reimburse the Trust, such directors, officers, employees, representatives, or controlling person or
persons, defendant or defendants in such suit for the reasonable fees and expenses of any legal counsel retained by them. Distributor
agrees to promptly notify the Trust of the commencement of any litigation or proceedings against it or any of its directors, officers,
employees, or representatives in connection with the issue or sale of any Shares.