SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-99.1
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/ex99-1.htm

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when it should have been paid until the date of payment (whether before or after judgement), at the Interest Rate; and (d) any reasonable costs and expenses incurred by Licensor (on a full indemnity basis, and including reasonable auditors’ and lawyers’ fees and costs) in carrying out the audit, calculating the correct Charges and collecting the amount of any under-payment (where applicable) . 6. Representations · , Warranties, Covenants, Indemnification, Liability and Disclaimers 6.1 Each party represents, warrants and covenants that: (a) it shall perform its obligations hereunder in compliance with all applicable Laws; and (b) neither the execution and delivery of any Services Contract, nor its performance of its respective obligations under a Services Contract will violate or contravene the terms of any contract or other agreement between such party and any other third party or any outstanding judgment, order, injunction or Laws to which such party is subject.

6.2	EXCEPT AS OTHERWISE PROVIDED IN THIS SECTION 6, THE LICENSOR (AND ITS RELEVANT
INDEX PARTNERS(S) IF A SERVICES CONTRACT RELATES TO A PARTNER INDEX) SHALL NOT BE LIABLE TO THE LICENSEE OR ANY OTHER PERSON OR ENTITY
(WHETHER IN WARRANTY, CONTRACT, TORT OR OTHERWISE (INCLUDING, BUT NOT LIMITED TO, LIABILITY FOR ANY NEGLIGENT ACT OR OMISSION) FOR:

(a)	LOSS OF PROFITS, SALES, REVENUE OR ANTICIPATED SAVINGS;

(b)	LOSS OF OR DAMAGE TO GOODWILL OR REPUTATION;

(c)	LOSS OF OPPORTUNITY OR WASTED EXPENDITURE;

(d)	LOSS CAUSED THROUGH ANY ACT OR OMISSION OF AN INFORMATION PROVIDER;

(e)	LOSS OF DATA OR LOSS OF USE DAMAGES;

(f)	LOSS OR DAMAGE ARISING FROM ANY CLAIM BY A CLIENT OR CUSTOMER OF THE LICENSEE;

(g)	LOSS OF VALUE IN OR RELATING TO ANY PRODUCT THAT IS LINKED TO THE PERFORMANCE OF ANY LICENSOR’S INDEX
OR DATA;

(h)	INDIRECT, INCIDENTAL, CONSEQUENTIAL OR SPECIAL LOSS OR DAMAGE

IN EACH CASE, ARISING OUT OF OR
IN CONNECTION WITH (1) A SERVICES CONTRACT; OR (2) THE LICENSING, SALE, USE OR THE PROVISION OF ANY SERVICE, REGARDLESS OF WHETHER THE
LICENSOR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH AFOREMENTIONED DAMAGES.

6.3	LICENSOR MAKES NO WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY OR
OTHERWISE, AND LICENSOR SPECIFICALLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
PURPOSE, GOOD TITLE, SATISFACTORY QUALITY AND NONINFRINGEMENT TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW. THE LICENSOR SHALL NOT
BE LIABLE TO LICENSEE OR TO ANY END USER OF LICENSEE IN THE EVENT THAT ANY SERVICES ARE INTERRUPTED, CHANGED OR BECOME UNAVAILABLE FOR
ANY REASON. NO SUCH INTERRUPTION, CHANGE, OR UNAVAILABILITY SHALL RELIEVE LICENSEE FROM ANY OF LICENSEE’S OBLIGATIONS UNDER A SERVICES
CONTRACT, UNLESS SUCH INTERRUPTION IS CAUSED BY LICENSOR’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. IN FURTHERANCE OF THE FOREGOING, EXCEPT
AS EXPRESSLY SET FORTH HEREIN, LICENSOR DOES NOT WARRANT THAT THE SERVICES WILL MEET LICENSEES SPECIFIC NEEDS, ACHIEVE A PARTICULAR MARKETING
OR OTHER BUSINESS RESULT, ARE ERROR FREE, COMPLETE OR WILL BE PROVIDED ON A TIMELY BASIS, THAT LICENSEE WILL BE ABLE TO ACCESS OR USE
THE SERVICES WITHOUT PROBLEMS OR INTERRUPTIONS, OR THAT LICENSOR’S SERVICES ARE NOT SUSCEPTIBLE TO INTRUSION, ATTACK OR COMPUTER VIRUS
INFECTION.

THE SERVICES PROVIDED BY LICENSOR
UNDER A SERVICES CONTRACT ARE PROVIDED ON AN “AS-IS” BASIS, ‘WITH ALL FAULTS” AND WITH NO WARRANTIES WHATSOEVER.

6.4	EXCEPT AS SET FORTH IN THIS CLAUSE 6, IN NO EVENT SHALL THE AGGREGATE LIABILITY
OF A LICENSOR, ITS GROUP COMPANIES, OFFICERS, EMPLOYEES, CONTRACTORS OR SUBSIDIARIES, UNDER A SERVICES CONTRACT EXCEED THE AMOUNT RECEIVED
BY THE LICENSOR FROM LICENSEE OVER THE PERIOD OF 12 MONTHS IMMEDIATELY PRECEDING THE MONTH IN WHICH THE CLAIM AROSE (PROVIDED THAT, IF
MORE THAN ONE CLAIM ARISES OUT OF THE SAME EVENT OR SERIES OF EVENTS, THEN ALL SUCH CLAIMS WILL BE TREATED AS A SINGLE CLAIM, ARISING
ON THE DATE ON WHICH THE FIRST SUCH CONNECTED CLAIM ARISES); AND NOTWITHSTANDING THE FOREGOING, OR ANY OTHER PROVISION TO THE CONTRARY,
THE LICENSOR’S AGGREGATE LIABILITY IN CONNECTION WITH A SERVICES CONTRACT SHALL NOT EXCEED THE GREATEST AGGREGATE AMOUNT RECEIVED BY THE
LICENSOR OVER A CONSECUTIVE 12-MONTH PERIOD DURING THE TERM OF THE SERVICES CONTRACT.

6.5	Without prejudice to any of the foregoing, the Licensor will not be liable for
breach of any term of any Services Contract arising from or in relation to:

(a)	the use of any Services in breach of the relevant Services Contract;

(b)	any alterations to any Service made by anyone other than the Licensor or someone
authorised by the Licensor;

(c)	any delay or failure in the provision of any Service to the Licensee caused by
anyone other than the Licensor (including if the delay or failure is caused by an Information Provider); or

(d)	any breach of any relevant Services Contract or any other wrongful or negligent
act or omission by the Licensee.

6.6	Nothing under this Framework Agreement excludes any party’s liability for:

(a)	death or personal injury caused by negligence of such party;

(b)	fraud or fraudulent misrepresentation of such party;

(c)	any other liability that cannot by law be excluded or limited;

Save, in the case of Licensee’s liability,
to the extent it relates to Licensor’s fraud or deliberate default.

6.7	The Licensee shall fully indemnify and keep indemnified, defend and hold harmless
the Licensor, its Group Companies and their respective directors, officers, employees, agents, and the Licensor’s Index Partners and third
party licensors, on demand from and against all third party Claims, Losses, settlements and judgements, from time to time (including any
Claim of infringement or misappropriation of Intellectual Property Rights) arising out of, or in connection with:

(i)          the use of any Service by the Licensee or any third party that uses a
Service because of the Licensee (or any decisions or advice arising out of such use);

(ii)         the use of any Service by the Licensee or any third party that uses a Service
because of the Licensee (or any decisions or advice arising out of such use);

(iii)       any Licensed Funds, Licensed Products or Licensed ETFs or any trading in, or other
dealing in relation to, any of them.

6.8	In relation to any Claim to which clause 6.7 applies, the Licensor must:

(a)	upon becoming aware of such Claim promptly notify the Licensee in writing;

(b)	not make any admission in relation to the Claim without the prior written consent
of the Licensee;

(c)	not settle, or attempt to settle, the Claim without the prior written consent
of the Licensee, which consent shall not be unreasonably withheld or delayed;

(d)	on request from the Licensee, allow the Licensee to have sole conduct of the Claim,
provided, however, that Licensee not settle, or attempt to settle, the Claim without the prior written consent of Licensor, which consent
shall not be unreasonably withheld or delayed;

(e)	give the Licensee all assistance reasonably requested by the Licensee in dealing
with the Claim; and

(f)	subject to sub-clauses (a), (b), (c), (d) and (e) above, take all reasonable steps
to mitigate any relevant Losses that are the subject of the indemnity.

7.	Exclusions and limitations

7.1	The Licensee acknowledges and agrees that no:

(a)	Index Partner; or

(b)	Information Provider,

shall have any obligation or liability
whatsoever to the Licensee under or in relation to any Services Contract and that any Claim to be made by the Licensee under or in relation
to any Services Contract may only be made against the relevant Licensor.

8.	Intellectual Property Rights

8.1	Nothing in any Services Contract shall transfer to the Licensee any proprietary
title to or rights or interest in any Intellectual Property Rights. Except as expressly granted herein all rights to or in the Data and
Marks are reserved to the Licensor and/or its licensors.

8.2	The Licensee acknowledges that:

(a)	as between the Licensor and the Licensee, the Licensor’s marks, including the Marks
and the trade marks FTSE®, FTSE Russell®, FT-SE®, FOOTSIE® and RUSSELL® are assets of great value to the Licensor
and its Group Companies and that all Intellectual Property Rights and any other rights of whatever nature in and relating to such marks
shall remain the property of the Licensor or one or more of its Group Companies;

(b)	as between the Licensor and the Licensee, the Licensor’s and any other Licensors’
data (including the Data) is an asset of great value to the Licensor and its licensors and that all Intellectual Property Rights and any
other rights of whatever nature in and relating to such data shall remain the property of the Licensor and/or any relevant third party
licensors; and

(c)	except to the extent permitted in a Services Contract, the Licensee shall not
use any data or marks referred to in this clause 8.2 without the Licensor’s prior written permission.