SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-10.7
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/ex10-7.htm

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and ask questions with respect to such documents. 14. CONSENT TO ELECTRONIC DELIVERY OF PROSPECTUS The Participant consents to the delivery of the Prospectus electronically at the e-mail address under Participant’s signature, in lieu of delivering the Prospectus in paper form, by the Sponsor or Distributor. The Participant understands that the current Prospectus and most recent shareholder report for each Fund are available on the Fund’s website. The Distributor will notify the Participant when a revised, supplemented or amended Prospectus for any Fund is available and, upon request, make available to the Participant copies of such revised, supplemented or amended Prospectus at such time and in such numbers as to enable the Participant to comply with any obligation it may have to deliver such Prospectus to its customers. As a general matter, the Distributor will make such revised, supplemented or amended Prospectus available to the Participant upon Participant’s reasonable request.

The
Participant agrees to promptly notify the Distributor in writing if any relevant e-mail addresses change. The Participant understands
that it must have Internet access to electronically access the Prospectus. The
Participant may revoke the consent to electronic delivery
of the Prospectus at any time by providing written notice to the Sponsor.

15.	NOTICES

Except
as otherwise specifically provided in this Agreement, all notices required or permitted to be given pursuant to this Agreement shall be
given in writing and delivered by personal delivery; by Federal Express or other similar delivery service; by registered or certified
United States first class mail, return receipt requested; or electronic mail or similar means of same day delivery (with a confirming
copy by mail). Unless otherwise notified in writing, all notices to the Fund, Sponsor, or Distributor shall be at the e-mail address or
telephone numbers indicated below the signature of the Sponsor and Distributor. All notices to the Participant or Transfer Agent shall
be directed to the e-mail address or telephone number indicated below the signature line of such party.

16.	EFFECTIVENESS, TERMINATION, AND AMENDMENT OF AGREEMENT

(a)       Effectiveness
and Termination. This Agreement shall become effective on the date set forth above. This Agreement may be terminated (1) at any time
by any party upon sixty (60) calendar days’ prior written notice to the other parties; (2) as contemplated herein; and (3) may be
terminated earlier by the Participant or the Sponsor at any time in the event of a material breach by another party of any provision of
this Agreement. This Agreement may be terminated immediately by a party at such time as the Fund, the Sponsor, or the Participant
becomes insolvent or becomes the subject of a bankruptcy proceeding or winding up. Notwithstanding the foregoing, Sections 6(b) (Payment
of Certain Fees), 8(c) (Authorized Persons), 11 (Indemnification), 12 (Limitation of Liability), and 17 (Governing Law) shall survive
the termination of this Agreement.

(b)       Assignment.
No party may assign its rights or obligations under this Agreement (in whole or in part), other than to a U.S. affiliate, without the
prior written consent of the other parties, which shall not be unreasonably withheld subject to applicable laws, rules and regulations.
This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties and their respective
successors and permitted assigns.

(c)       Amendment.
This Agreement may not be amended, modified or supplemented
except by a writing signed by all the parties hereto or as provided in this paragraph. If an amendment to the Agreement is required in
order to conform the Agreement to applicable law, then the Sponsor or Distributor shall provide the Participant and the Transfer Agent
with prompt notice of such amendment, and the next Creation Unit created by the Participant shall be deemed to constitute the Participant’s
acceptance of such amendment. In accordance with Section 2(a), Attachment B and any exhibit thereto may be amended, modified or supplemented
by the Sponsor or Distributor, without consent of the Participant from time to time.

17.	GOVERNING LAW

This Section shall survive
the termination of this Agreement.

This Agreement shall be governed by and interpreted
in accordance with the laws of the State of New York without regard to the conflicts of law provisions thereof. The parties irrevocably
submit to the personal jurisdiction and service and venue of any New York State or United States Federal court sitting in New York, New
York having subject matter jurisdiction, for the purposes of any suit, action or proceeding arising out of or relating to this Agreement.

18.	COUNTERPARTS

This Agreement may be
executed in several counterparts, each of which shall be an original and all of which shall constitute one and the same instrument.
This Agreement shall be deemed executed by all parties when any one or more counterparts hereof or thereof, individually or taken
together, bears the original facsimile or scanned signatures of each of the parties.

19.	SEVERANCE

If any provision of this Agreement
is held by any court or any act, regulation, rule or decision of any other governmental or supra-national body or authority or regulatory
or self-regulatory organization to be invalid, illegal or unenforceable for any reason, it shall be invalid, illegal or unenforceable
only to the extent so held and shall not affect the validity, legality or enforceability of the other provisions of this Agreement and
this Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein.

20.	FUND AS BENEFICIARY

The Participant, Sponsor,
Distributor, and the Transfer Agent acknowledge and agree that the Fund shall be a third-party beneficiary of this Agreement and shall
receive the benefits contemplated by this Agreement. Participant further understands that the Fund is entitled, and intends, to proceed
directly against the Participant in the event that the Participant fails to honor any of its obligations pursuant to this Agreement that
benefit the Fund.

21.	HEADINGS

Headings and sub-headings
are included solely for convenient reference and shall not affect the meaning, construction, operation, or effect of the terms of this
Agreement.

22.	ENTIRE AGREEMENT

This Agreement, which includes
the attachments, supersedes any prior agreement between the parties with respect to the subject matter contained herein and constitutes
the entire agreement between the parties regarding the matters contained herein.

[Signature page follows]

The duly authorized representatives of the below
parties have executed this Agreement, the effective date of which shall be the date stated herein.

T. Rowe Price Sponsor LLC, as Sponsor

Name:
Title:
Date:	T. Rowe Price Investment Services, Inc.,
as Distributor

Name:
Title:
Date:

Attn: ETF Capital Markets

1307 Point Street

Baltimore, Maryland 21231

E-mail: etfcm@troweprice.com

[ , as Participant]
DTC/NSCC Clearing Participant Code: [

Name:
Title:
Date:	By:_________________________________
Name:
Title:
Date:

Address:

Telephone:

E-mail:

ACCEPTED BY: State Street Bank and Trust Company, as Transfer Agent

Name:

Title:

Date:

1776 Heritage Dr.

Quincy, MA 02171

[telephone]

[email address]

ATTACHMENT A

AUTHORIZED PERSONS

The following individuals are Authorized Persons pursuant to the Agreement
between T. Rowe Price Investment Services, Inc., State Street Bank and Trust Company, and [Participant Name, NSCC/DTC #s:_________].

Name	Title	Signature	Telephone number;
Email Address;
User location (country)	Permissions *

*Permission: RO means Read-Only (allows users
to see account information and run reports, but not place trades); ET means Execute Trades (allows user to place trades directly on to
Fund Connect)

The undersigned,_________________________________,
does hereby certify that the persons listed above have been duly elected to the offices set forth beneath their names, that they presently
hold such offices, that they have been duly authorized to act as Authorized Persons of this institution in its capacity as a Participant
pursuant to the Agreement and that their signatures set forth above are their own true and genuine signatures.

Certified By (Signature): ___________________________

Print Name: ____________________________________

Title: _________________________________________

Date: _________________________________________

ATTACHMENT B

AP HANDBOOK