SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-10.3
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/ex10-3.htm

Chunk 16 of 18
Word Count: 1497
Character Count: 10129

Document Content:

blockchain utilizing a proof-of-work consensus mechanism. “DOT” means the native Digital Asset of the Polkadot network used for value transfer, transaction fees, staking, and governance on the Polkadot blockchain. "Ether" means a type of Digital Asset called Ether that is the native asset of the Ethereum Mainnet. “Ethereum” can refer, depending on the context, to either the Ethereum Mainnet itself or to the native asset of such network. “Ethereum Mainnet” means Ethereum’s main network and Blockchain also known as the Ethereum layer 1 (L1). “Fee” has the meaning provided in the Order Form. “Fiat Services” means services related to the custody, management, and Directions related to fiat currencies owned by Client and held for Client’s benefit by Anchorage, including (i) holding Client’s fiat currency in an omnibus banking account held for the benefit of Anchorage’s clients, and (ii) transferring Client’s fiat currency as directed by Client or other Client designee.

“Force Majeure Event”
has the meaning specified in the body of this Agreement.

“Fork”
means (i) that the source code of a Digital Asset network as a whole has been changed in a way that makes it incompatible with the unchanged
version of the Digital Asset network, (ii) a material population of miners, validators and/or node operators of the Digital Asset network
accept the changes while the remainder do not, and (iii) that the two resulting Digital Asset networks have not been merged together in
a timely manner, resulting in divergent blockchains for each. A Fork would create two separate Digital Asset networks (each, a “Forked
Network”), and may result in Anchorage holding an identical amount of Digital Assets associated with each Forked Network.

“HBAR”
means the native digital asset of the Hedera network (also known as Hedera Hashgraph), used for value transfer, network fees, and staking
on that network,.

“Holdings Data”
means any financial information of Client and its Affiliates and their respective customers or employees relating to account data, investment
and trading data, portfolio names, portfolio holdings, portfolio transactions, holding amounts, positions, valuations, history, proprietary
ratings, and other related data.

"including"
(irrespective of whether capitalized or not) means including, without limitation.

“Intellectual Property Right(s)”
means, with respect to any thing, material or work (hereinafter, a “Work”): any and all (i) worldwide copyrights, trademarks,
trade secrets and any other intellectual property and proprietary rights and legal protections in and to such Work including but not limited
to all rights under treaties and conventions and applications related to any of the foregoing; (ii) all patents, patent applications,
registrations and rights to make applications and registrations for the foregoing; (iii) all goodwill associated with the foregoing; (iv)
all renewals, extensions, reversions or restorations of all such rights; (v) all works based upon, derived from, or incorporating the
Work; (vi) all income, royalties, damages, claims, and payments now or hereafter due or payable with respect thereto; (vii) all causes
of action, either in law or in equity for past, present or future infringement based on the Work; (viii) rights corresponding to each
of the foregoing throughout the world; and (ix) all the rights embraced or embodied therein, including but not limited to, the right to
duplicate, reproduce, copy, distribute, publicly perform, display, license, adapt, prepare derivative works from the Work, together with
all physical or tangible embodiments of the Work.

“Laws”
means all applicable federal, state and local laws, statutes, ordinances, regulations, rules, executive orders, circulars, opinions, agency
guidance, interpretive letters and other official releases, request, or recommendation, in each case of or by any government, or any authority,
department or agency thereof.

“LINK”
means: the native Digital Asset of the Chainlink Network, a decentralized “oracle” platform that is an application built on
the Ethereum Network..

“Litecoin”
or “LTC” means the native Digital Asset of the Litecoin network, a decentralized, open-source blockchain that uses
proof-of-work consensus.

“Losses”
means, whether arising in contract, tort or otherwise, any liabilities, damages, diminution in value, payments, obligations, losses, interest,
costs and expenses, security or other remediation costs, (including any regulatory investigation or third party subpoena costs, reasonable
attorneys’ fees, court costs, expert witness fees, and other expenses relating to investigating or defending any Claim); fines,
taxes, fees, restitution, or penalties imposed by any governmental, regulatory or administrative body, interest on and additions to tax
with respect to, or resulting from, Taxes imposed on Client’s assets, cash, other property, or any income or gains derived therefrom;
and judgments (at law or in equity) or awards of any nature.

“Lumen”
the native Digital Asset of the Stellar Network which was designed to facilitate cross-currency transactions .

“Monthly Custody
Fee” means (Annual Basis Points x AUC)/12 as calculated using the fee table in the Order Form.

“Monthly Minimum
Fee” refers to the fees as agreed by Parties in the Order Form.

“One-Time Onboarding
Fee” refers to the fees for establishing Client as an Anchorage customer, including KYC/AML processes; one in-person training
session; Authorized Person onboarding; and remote training for up to ten (10) individuals. Credit, if any, may be applied to Client Fees
only above the Monthly Minimum Fee, and will be applied fully each month until the credit has been fully expended within the Initial Term.
Any remaining credit after the Initial Term shall be forfeited.

“Personal Information”
means any information relating to an identified or identifiable individual, such as name, postal address, email address, telephone number,
date of birth, Social Security number (or its equivalent), driver’s license number, account number, personal identification number,
health or medical information, fingerprint, voice print, or any other unique logical or biometric identifier specific to an individual,
regardless of the media in which it is contained, that is: (i) disclosed to Anchorage, its Affiliates or Anchorage Representatives by
Client or an Authorized Person in anticipation of, in connection with or incidental to the Services; (ii) processed at any time by Anchorage,
an Anchorage Affiliate or Anchorage Representatives in connection with or incidental to the performance of its obligations under this
Agreement; or (iii) derived by Anchorage, an Anchorage Affiliate or Anchorage Representatives from the information described in (i) and
(ii) above.

“Personnel” means (i) employees
of Anchorage, (ii) individuals who are agents, including independent contractors of Anchorage; (iii) Affiliates of Anchorage and their
respective employees and agents, including individuals who are independent contractors of that Affiliate; and (iv) where relevant, Vendors
and their respective employees and agents, including individuals who are independent contractors of a Vendor, in each case of (i), (ii),
and (iii) above, who provide on behalf of Anchorage any Services or otherwise perform under this Agreement.

“Private Key”
means an alphanumeric string known only to the holder of a Digital Asset, which must be used to transact the Digital Asset represented
by the corresponding Public Key on the applicable Blockchain.

“Public Key”
means an alphanumeric string on a Blockchain that indicates ownership/possession of a specific amount of a Digital Asset by a specific
network participant. The Public Key is visible to all participants in the Blockchain’s network.

“Quorum”
means the minimum number of Authorized Persons required to approve a Direction which requires a quorum. Unless otherwise specified in
an applicable control agreement or instructions provided in connection therewith, (i) Client may designate the total number and the minimum
number of Authorized Persons required to approve an Authenticated Instruction or other Direction so long as Client designates at least
three (3) Authorized Persons, with at least two (2) required to approve any Direction.

“Representative”
means any employees, officers, directors, representatives, contractors, and agents of a Party.

“Security Incident”
means: (a) any reasonably suspected or actual unauthorized access to or acquisition, loss, destruction, alteration, disclosure of, or
theft of Client Data (including hard copy records) or Client Digital Assets; or (b) violation or compromise of the IT Systems of Client
or Anchorage (including the introduction of a Disabling Device), in each case of (a) or (b) caused by or arising from Anchorage’s
or its Personnel’s acts or omissions, including a breach or compromise of Anchorage’s Security Program.

“Services”
means the services related to the custody and settlement of Digital Assets provided by Anchorage to Client under this Agreement (including
any attachments, schedules, exhibits, or addendums), including the Technology Platform and Support Services. “Services” also
includes Fiat Services or On-Chain Services if Anchorage has offered such services to Client, and Client has accepted such services. For
the avoidance of doubt, “Services” expressly excludes the provision of legal, tax, brokerage, or investment advice or recommendations.

“Shiba Inu”
means the Ethereum-based Digital Asset, which is supported by the Shibarium, a Layer-2 blockchain.

“SOC 1 Report”
shall have the meaning given to it in Section 9.2 of Exhibit C (Data Privacy and Security Requirements) to Addendum 1.

“SOL”
means the native Digital Asset of the Solana network, used for value transfer, transaction fees, and staking on the Solana blockchain.

“Specific Performance”
shall have the meaning given to it Section 10.5.

“Support Services”
means services supporting the use of the Services, including access to Anchorage Representatives for support related to Account(s), training,
etc.