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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agents relating to an Order; (ii) any material breach by the Participant of any provision of this Agreement that relates to the Participant; (iii) any material representation provided by the Participant herein that is false or misleading or omits material information necessary to make the statement contained therein complete; (iv) any material failure on the part of the Participant to perform any of its obligations set forth in this Agreement; (v) any material failure by the Participant to comply with applicable laws, rules, and regulations, including rules and regulations of self-regulatory organizations in relation to its role as Participant under this Agreement; (vi) actions of a Participant Indemnified Party taken in reasonable reliance upon any instructions reasonably believed by the Fund, Sponsor, Distributor and/or Transfer Agent to be genuine and to have been given by the Participant; or (vii) the Participant’s failure to complete an Order that has been accepted.

(b)       Indemnification
by the Sponsor or Distributor. Subject to the conditions in Section 11(c), the Sponsor or Distributor hereby agrees to indemnify
and hold harmless the Participant, its respective subsidiaries, affiliates, directors, partners, members, officers, employees and
agents, and each person, if any, who controls such persons within the meaning of Section 15 of the 1933 Act (each a “Sponsor
Indemnified Party,” together with Participant Indemnified Party, “Indemnified Party”) from and against any Loss
incurred by such Sponsor Indemnified Party as a result of: (i) any grossly negligent act or omission of Sponsor or Distributor
relating to an Order; (ii) any material representations provided by the Sponsor or Distributor herein that is false or misleading or
omits material information necessary to make the statement contained therein complete; (iii) any material breach by the Sponsor or
Distributor of any provision of this Agreement that relates to the Sponsor or Distributor, respectively; (iv) any material failure
on the part of the Sponsor or Distributor to perform any of its respective obligations set forth in this Agreement; or (v) any
material failure by the Sponsor or Distributor to comply with applicable laws, rules and regulations, including rules and
regulations of self-regulatory organizations, in relation to its respective role. Neither Sponsor nor Distributor will indemnify
Sponsor Indemnified Party for (1) any violations of the federal securities laws or other applicable rules, regulations, and laws
committed by the Sponsor Indemnified Party or (2) actions arising out of Sponsor Indemnified Party’s fraud, bad faith, gross
negligence, or reckless or willful misconduct.

(c)       Defense
& Settlement. The applicable indemnifying party shall be entitled, at its option, to exercise sole control and authority over
the defense and settlement of such action. Where the Transfer Agent is the Indemnified Party and is seeking indemnification from multiple
counterparties for claims based on common facts or otherwise related to the indemnified claim, in which case the Transfer Agent will
have the right to control and direct the defense and settlement of such claims at the expense of (i) the indemnifying party or (ii) all
of the counterparties from which the indemnification is sought, including the indemnifying party hereunder, pro rata, as appropriate.
The indemnifying party is not authorized to accept any settlement that does not provide the applicable Indemnified Party with a complete
release or that imposes liability not covered by these indemnifications or places restrictions on the indemnified party or causes reputational
harm to the indemnified party, in each case, without the prior written consent of the Indemnified Party. Any Indemnified Party shall
promptly notify the indemnifying party in writing of the claim after the summons or other first written notification giving information
regarding the nature of the claim having been served upon the Indemnified Party (or after the Indemnified Party has received notice of
service on a designated agent). Failure to notify the indemnifying party of any claim shall not relieve the indemnifying party from any
liability and shall only release it from such liability under this Section to the extent that it has been materially prejudiced by such
failure to receive notice.

12.	LIMITATION OF LIABILITY

This Section shall survive the termination of
this Agreement.

(a)       Consequential
Damages. In no event shall any party be liable for any special, indirect, incidental, exemplary, punitive or consequential loss
or damage of any kind whatsoever (including but not limited to loss of revenue, loss of actual or anticipated profit, loss of
contracts, loss of the use of money, loss of anticipated savings, loss of business, loss of opportunity, loss of market share, loss
of goodwill or loss of reputation), even if such parties have been advised of the likelihood of such loss or damage and regardless
of the form of action. In no event shall any party be liable for the acts or omissions of DTC, or any successor, or any other
depository or clearing corporation.

(b)       Force
Majeure. No party shall be responsible or liable for any failure or delay in the performance of its obligations under this Agreement
arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including without limitation: acts of
God; earthquakes; fires; floods; wind; explosions; wars; civil or military disturbances; terrorism; sabotage; pandemics; epidemics; public
health emergencies or outbreaks (including but not limited to COVID-19), or any corporate or governmental order or requirement relating
thereto; riots; interruptions; loss, disruption, or malfunction of utilities, disruption or loss of service relating to computer (hardware
or software), internet, or other communications service; the failure of an applicable Crypto Asset Network (including peer-to-peer network
and relevant blockchain ledger), crypto asset hardware, software, internet, or communication service; market volatility or disruptions
in order trading on any exchange, market or trading venues to which the crypto asset execution platform (the “Trading Platform”)
has established connections (each such venue, a “Connected Trading Venue”); suspension of trading in respect of the Trading
Platform or any Connected Trading Venue; strikes or other labor disputes; acts of civil or military authority or governmental actions.

(c)       Reliance
on Instructions. The Sponsor, Distributor, and Transfer Agent may conclusively rely upon, and shall be fully protected in acting or
refraining from acting upon, any communication authorized under this Agreement and upon any written or oral instruction, notice, request,
direction or consent reasonably believed by them to be genuine, and in no event shall the Transfer Agent, Distributor, or Sponsor be liable
for any losses incurred as a result of unauthorized use of any PIN.

(d)        Good
Faith. In the absence of bad faith, gross negligence, fraud or willful misconduct on its part, Sponsor, Distributor, and Transfer
Agent, whether acting directly or through its agents, affiliates or attorneys, shall not be liable for any action taken, suffered or omitted
or for any error of judgment made by it in the performance of its duties hereunder. None of the Sponsor, Distributor, or Transfer Agent
shall be liable for any error of judgment made in good faith unless in exercising such it shall have been grossly negligent in ascertaining
the pertinent facts necessary to make such judgment.

Implied Covenants or Obligations. The parties undertake to perform such duties and only such duties as are expressly set forth herein,
or expressly incorporated herein by reference, and no implied covenants or obligations shall be read into this Agreement against the parties.

(f)       Financial
Liability of Transfer Agent. The Transfer Agent shall not be required to advance, expend or risk its own funds or otherwise incur
or become exposed to financial liability in the performance of its duties hereunder, except as may be required as a result of its own
gross negligence, willful misconduct or bad faith.

(g)       Mistakes.
None of the Sponsor, Distributor, or Transfer Agent shall be liable for any damages arising out of mistakes or errors in data provided
by another party, or out of interruptions or delays of electronic means of communications with a party, subject to the successful telecommunications
confirmation of Section 1(f).

13.	RECEIPT OF DOCUMENTS BY PARTICIPANT

The Participant acknowledges
receipt of the Trust Agreement and Prospectus and represents that it has had an opportunity to review 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.