SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-10.4
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/ex10-4.htm

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to safeguard the personal information of the Trust’s shareholders, employees, directors and officers that the Custodian receives, stores, maintains, processes or otherwise accesses in connection with the provision of services hereunder. The term, “personal information”, as used in this Section, means (a) an individual’s name (first initial and last name or first name and last name), address or telephone number plus (i) Social Security number, (ii) driver’s license number, (iii) state identification card number, (iv) debit or credit card number, (v) financial account number or (vi) personal identification number or password that would permit access to a person’s account, or (b) any combination of any of the foregoing that would allow a person to log onto or access an individual’s account. The term does not include information that is lawfully obtained from publicly available information, or from federal, state or local government records lawfully made available to the general public.

SECTION 20.14     REPRODUCTION
OF DOCUMENTS. This Agreement and all schedules, addenda, exhibits, appendices, attachments and amendments hereto may be reproduced
by any photographic, photostatic, microfilm, micro-card, miniature photographic or other similar process. Any such reproduction shall
be admissible in evidence as the original itself in any judicial or administrative proceeding, whether or not the original is in existence
and whether or not such reproduction was made by a party in the regular course of business, and any enlargement, facsimile or further
reproduction of such reproduction shall likewise be admissible in evidence.

SECTION 20.15     REGULATION
GG. Each Trust represents and warrants that it does not engage in an “Internet gambling business,” as such term is defined
in Section 233.2(r) of Federal Reserve Regulation GG (12 CFR 233) and covenants that it shall not engage in an Internet gambling
business. In accordance with Regulation GG, each Trust is hereby notified that “restricted transactions,” as such term is
defined in Section 233.2(y) of Regulation GG, are prohibited in any dealings with the Custodian pursuant to this Agreement or otherwise
between or among any party hereto.

SECTION 20.16     SHAREHOLDER
COMMUNICATIONS ELECTION. Rule 14b-2 under the Securities Exchange Act, 1934 (the “Rule”), requires banks that
hold securities, as that term is used in federal securities laws, for the account of customers to respond to requests by issuers of securities
for the names, addresses and holdings of beneficial owners of securities of that issuer held by the bank unless the beneficial owner has
expressly objected to disclosure of this information. In order to comply with the rule, as may be applicable, the Custodian needs each
Trust to indicate whether it authorizes the Custodian to provide such Trust’s name, address, and share position to requesting companies
whose securities the Trust owns. If a Trust tells the Custodian “no,” the Custodian will not provide this information to requesting
companies. If a Trust tells the Custodian “yes” or does not check either “yes” or “no” below, the
Custodian is required by the rule, as applicable, to treat the Trust as consenting to disclosure of this information for all securities
owned by the Trust or any funds or accounts established by the Trust. For a Trust’s protection, the Rule, as applicable, prohibits
the requesting company from using the Trust’s name and address for any purpose other than corporate communications. Please indicate
below whether the Trust consents or objects by checking one of the alternatives below.

YES [ ] The Custodian is authorized to release the Trust’s
name, address, and share positions.

NO [X ] The Custodian
is not authorized to release the Trust’s name, address, and share positions.

SECTION 20.17     LIMITED
LIABILITY OF TRUSTS. The obligations of each Trust under this Agreement are not binding upon any of the directors, officers,
employees, agents or shareholders of the Trust individually, but bind only the property of the applicable Trust and no other Trust. The
Custodian agrees to look solely to the assets of the applicable Trust for the satisfaction of any liability in respect of the Trust under
this Agreement and will not seek recourse against such directors, officers, employees, agents or shareholders, or any of them, or any
of their personal assets for such transaction.

SECTION
20.18     BUSINESS CONTINUITY. AND INFORMATION
SECURITY.

20.18.1 The
Custodian will at all times maintain a business contingency plan and a disaster recovery plan and will take commercially reasonable measures
to maintain and periodically test such plans. The Custodian will implement such plans following the occurrence of an event which results
in an interruption or suspension of the services to be provided by the Custodian.

20.18.2 The
Custodian will maintain commercially reasonable information security systems and controls, which include administrative, technical, and
physical safeguards that are designed to: (i) maintain the security and confidentiality of each Trust’s data; (ii) protect against
any anticipated threats or hazards to the security or integrity of each Trust’s data, including appropriate measures designed to
meet legal and regulatory requirements applying to the Custodian; and (iii) protect against unauthorized access to or use of each Trust’s
data. In the event the Custodian becomes aware of critical vulnerabilities in its information security systems and controls, the Custodian
will use commercially reasonable efforts to remediate such vulnerabilities within a reasonable period of time.

SIGNATURE PAGE

IN WITNESS WHEREOF, each of the parties has caused this
Agreement to be executed in its name and behalf by its duly authorized representative under seal as of the date first above-written.

EACH OF THE T. ROWE PRICE ENTITY SET FORTH ON APPENDIX A HERETO

By: T. Rowe Price Sponsor LLC, as Sponsor on
behalf of each entity

By:	/s/ Jean-Marc Corredor

Name: Jean-Marc Corredor

Title: Vice President

STATE STREET BANK AND TRUST COMPANY

By:	/s/ Eruch A. Mody

Name: Eruch A. Mody

Title: Senior Managing Director

APPENDIX A

MASTER CUSTODIAN AGREEMENT

T. Rowe Price Active Crypto ETF