SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-10.5
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/ex10-5.htm

Chunk 2 of 7
Word Count: 1442
Character Count: 9118

Document Content:

retransmitted to any other computer facility or other location, except with the prior written consent of the Transfer Agent; (v) allow the Trust or such agents to have access only to those authorized transactions agreed upon by the Trust and the Transfer Agent; (vi) honor all reasonable written requests made by the Transfer Agent to protect at the Transfer Agent’s expense the rights of the Transfer Agent in Proprietary Information at common law, under federal copyright law and under other federal or state law. 5.2 Proprietary Information shall not include all or any portion of any of the foregoing items that are or become publicly available without breach of this Agreement; that are released for general disclosure by a written release by the Transfer Agent; or that are already in the possession of the receiving party at the time of receipt without obligation of confidentiality or breach of this Agreement.

5.3	If the Trust notifies the Transfer Agent that any of the Data
Access Services do not operate in material compliance with the most recently issued user documentation for such services, the Transfer
Agent shall endeavor in a timely manner to correct such failure. Organizations from which the Transfer Agent may obtain certain data
included in the Data Access Services are solely responsible for the contents of such data, and the Trust agrees to make no claim against
the Transfer Agent arising out of the contents of such third-party data, including, but not limited to, the accuracy thereof. DATA ACCESS
SERVICES AND ALL COMPUTER PROGRAMS AND SOFTWARE SPECIFICATIONS USED IN CONNECTION THEREWITH ARE PROVIDED ON AN “AS IS, AS AVAILABLE”
BASIS. THE TRANSFER AGENT EXPRESSLY DISCLAIMS ALL WARRANTIES EXCEPT THOSE EXPRESSLY STATED HEREIN INCLUDING, BUT NOT LIMITED TO, THE
IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.

5.4	If the transactions available to the Trust include the ability to originate electronic instructions to
the Transfer Agent in order to effect the transfer or movement of cash or Creation Units or transmit Authorized Participant information
or other information, then in such event the Transfer Agent shall be entitled to rely on the validity and authenticity of an instruction
made by the Trust or any of its officers, employees, agents or subcontractors who have been designated by the Trust as Authorized Persons
without undertaking any further inquiry as long as such instruction is undertaken in conformity with security procedures established by
the Transfer Agent from time to time.

5.5	Each party shall take reasonable efforts to advise its employees of their obligations pursuant to this
Section. The obligations of this Section shall survive any earlier termination of this Agreement.

5.6	Notwithstanding Section 5.1, the Trust is granted a non-exclusive, non-transferable and perpetual right
to use reports generated in connection with the Trust’s receipt of transfer agency services hereunder; provided, however, that (i)
such use is limited to the Trust’s internal business purposes and (ii) such reports may not be re-distributed
by the Trust except in the ordinary course of its business to Authorized Participants and internal organizations for informational purposes.

6.	RESERVED

7.	STANDARD OF CARE / LIMITATION OF LIABILITY

7.1	The Transfer Agent shall act in good faith and without negligence, fraud or willful misconduct and shall
be held to the exercise of reasonable care and diligence that a professional provider of transfer agent services would observe in carrying
out all of its duties and obligations under this Agreement (the “Standard of Care”) at all times in its performance of all
services performed under this Agreement, but assumes no responsibility and shall not be liable for loss or damage due to errors, including
encoding and payment processing errors, unless said errors are caused by its failure to act in accordance with the Standard of Care or
that of its employees or agents. The parties agree that any encoding or payment processing errors shall be governed by this Standard of
Care, and that Section 4-209 of the Uniform Commercial Code is superseded by this Section.

7.2	In any event, except as otherwise agreed in writing, the Transfer Agent’s cumulative liability for
each calendar year (a “Liability Period”) with respect to the services provided pursuant to this Agreement regardless of the
form of action or legal theory shall be limited to its total annual compensation earned and fees payable hereunder during the preceding
Compensation Period, as defined herein, for any liability or loss suffered by the Trust including, but not limited to, any liability relating
to the Trust’s compliance with any federal or state tax or securities statute, regulation or ruling during such Liability Period.
“Compensation Period” shall mean the calendar year ending immediately prior to each Liability Period in which the event(s)
giving rise to the Transfer Agent’s liability for that period have occurred. Notwithstanding the foregoing, the Compensation Period
for purposes of calculating the annual cumulative liability of the Transfer Agent for the Liability Period commencing on the date of this
Agreement and terminating on December 31, 2025 shall be the date of this Agreement through December 31, 2025, calculated on an annualized
basis, and the Compensation Period for the Liability Period commencing January 1, 2026 and terminating on December 31, 2026 shall be the
date of this Agreement through December 31, 2025, calculated on an annualized basis. In no event shall the Transfer Agent or the Trust
be liable for any special, incidental, indirect, punitive or consequential damages, regardless of the form of action and even if the same
were foreseeable.

8.	INDEMNIFICATION

8.1	The Transfer Agent shall not be responsible for, and the Trust shall indemnify and hold the Transfer Agent
harmless from and against any and all losses, damages, costs, charges, reasonable counsel fees (including the defense of any lawsuit in
which the Transfer Agent or affiliate is a named party), payments, reasonable expenses and liability arising out of or attributable to:

(i)	all actions of the Transfer Agent or its agents or subcontractors required to be taken pursuant to this
Agreement, provided that such acts or omissions are taken in accordance with the Standard of Care;

(ii)	the Trust’s breach of any representation, warranty or covenant of the Trust hereunder;

(iii)	the Trust’s lack of good faith, gross negligence or willful misconduct;

(iv)	reliance upon, and any subsequent use of or action taken or omitted, by the Transfer Agent, or its
agents or subcontractors on: (a) any information, records, documents, data, stock certificates or services, which are received by
the Transfer Agent or its agents or subcontractors by machine readable input, facsimile, electronic data entry, electronic
instructions or other similar means authorized by the Trust, and which have been prepared, maintained or performed by the Trust or
any other person or firm on behalf of the Trust, including but not limited to any broker-dealer, third party administrator or
previous transfer agent; (b) any instructions or requests of the Trust or its officers or the Trust’s agents or subcontractors
or their officers or employees, in each case who have been designated by the Trust as Authorized Persons; (c) any instructions or
opinions of legal counsel to the Trust with respect to any matter arising in connection with the services to be performed by the
Transfer Agent under this Agreement which are provided to the Transfer Agent after consultation
with such legal counsel; (d) any confirmation received from the Trust, the Sponsor or any other Authorized Person as to the delivery by
an Authorized Participant or required Digital Assets (defined below) determined to be sufficient for the related issuance of Creation
Units; or (e) any paper or document, reasonably believed to be genuine, authentic, or signed by the proper person or persons,
provided that such acts or omissions are taken under subsection (a)-(e) are done in accordance with the Standard of Care;

(v)	the offer or sale of Creation Units by the Trust in violation of any requirement
under federal or state securities laws or regulations requiring that such Creation Units be registered, or in violation of any stop order
or other determination or ruling by any federal or state agency with respect to the offer or sale of such Creation Units;

(vi)	the negotiation and processing of any checks, wires and ACH transmissions, including without limitation,
for deposit into, or credit to, the Trust’s demand deposit accounts maintained by the Transfer Agent, provided that such negotiation
and/or processing is done in accordance with the Standard of Care;

(vii)	all actions relating to the transmission of Trust, Creation Unit or Authorized Participant data through
the NSCC clearing systems, if applicable, provided that Transfer Agent’s acts or omissions relating thereto are done in accordance
with the Standard of Care; and