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

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and transferee; (ii) use its commercially reasonable efforts to ensure that each investor’s and any transferee’s funds used to purchase Creation Units or Shares shall not be derived from, nor the product of, any criminal activity; (iii) if requested, provide periodic written verifications that such investors/transferees have been checked against the United States Department of the Treasury Office of Foreign Assets Control database for any non-compliance or exceptions; and (iv) perform its obligations under this Section in accordance with all applicable anti-money laundering laws and regulations. In the event that the Transfer Agent has received advice from counsel that access to underlying due diligence records pertaining to the investors/transferees is necessary to ensure compliance by the Transfer Agent with relevant anti-money laundering (or other applicable) laws or regulations, the Trust shall, upon receipt of written request from the Transfer Agent, provide the Transfer Agent copies of such due diligence records.

1.6	State Transaction (“Blue Sky”) Reporting . If applicable, the Trust shall be solely
responsible for its “blue sky” compliance and state registration requirements.

1.7	Tax Law . The Transfer Agent shall have no responsibility or liability for any obligations now or
hereafter imposed on the Trust, any Creation Units, any Shares, a beneficial owner thereof, an Authorized Participant or the Transfer
Agent in connection with the services provided by the Transfer Agent hereunder by the tax laws of any country or of any state or political
subdivision thereof. It shall be the responsibility of the Trust to notify the Transfer Agent of the obligations imposed on the Trust,
the Creation Units, the Shares, or the Transfer Agent in connection with the services provided by the Transfer Agent hereunder by the
tax law of countries, states and political subdivisions thereof, including responsibility for withholding and other taxes, assessments
or other governmental charges, certifications and governmental reporting.

1.8	The Transfer Agent shall provide the office facilities and the personnel determined by it to perform the services contemplated herein.

2.	FEES AND EXPENSES

2.1	Fee Schedule . For the performance by the Transfer Agent of services provided pursuant to this Agreement,
the Transfer Agent shall be entitled to receive the fees and expenses set forth in a written fee schedule agreed to by the parties.

3.	REPRESENTATIONS AND WARRANTIES OF THE TRANSFER AGENT

The Transfer Agent represents and warrants to the Trust that:

3.1	It is a trust company duly organized and existing under the laws of the Commonwealth of Massachusetts.

3.2	It is duly registered as a transfer agent under Section 17A(c)(2) of the Securities Exchange Act of 1934,
as amended (the “1934 Act”), it will remain so registered for the duration of this Agreement, and it will promptly notify
the Trust in the event of any material change in its status as a registered transfer agent.

3.3	It is duly qualified to carry on its business in the Commonwealth of Massachusetts.

3.4	It is empowered under applicable laws and by its organizational documents to enter into and perform the
services contemplated in this Agreement.

3.5	All requisite organizational proceedings have been taken to authorize it to enter into and perform this
Agreement.

3.6	It is in compliance with all laws applicable to it in the performance of services under this Agreement.

3.7	It has and will continue to maintain access to the necessary facilities, equipment and personnel to perform
its duties and obligations under this Agreement.

3.8	The Transfer Agent shall cooperate with the Trust's independent public accountants and shall take commercially
reasonable actions to provide such information, as may be reasonably requested by the Trust from time to time, to such accountants for
the expression of their opinion.

4.	REPRESENTATIONS AND WARRANTIES OF THE TRUST

The Trust represents and warrants to
the Transfer Agent that:

4.1	The Trust is a statutory trust duly organized, existing and in good standing under the laws of the state
of Delaware.

4.2	The Trust is empowered under applicable laws and by its organizational documents to enter into and perform
this Agreement.

4.3	All requisite proceedings have been taken to authorize the Trust to enter into, perform and receive services
pursuant to this Agreement and to appoint the Transfer Agent as transfer agent of the Trust.

4.4	The Trust is exempt from registration under the Investment Company Act of 1940, as amended (the “1940
Act”).

4.5	A registration statement under the Securities Act of 1933, as amended (the “Securities Act”),
will become effective prior to the commencement of the Trust’s public offering and will remain effective, and any appropriate state
securities law filings have been made and will continue to be made, with respect to all Shares of the Trust being offered for sale.

4.6	Where information provided by the Trust, the Authorized Participants or the Trust’s investors includes
information about an identifiable individual (“Personal Information”), the Trust represents and warrants that it has obtained
all consents and approvals, as required by all applicable laws, regulations, by-laws and ordinances that regulate the collection, processing,
use or disclosure of Personal Information, necessary to disclose such Personal Information to the Transfer Agent, and as required for
the Transfer Agent to use and disclose such Personal Information in connection with the performance of the services hereunder. The Trust
acknowledges that the Transfer Agent may perform any of the services and may use and disclose Personal Information outside of the jurisdiction
in which it was initially collected by the Trust, including the United States and that information relating to the Trust, including Personal
Information of investors may be accessed by national security authorities, law enforcement and courts. The Transfer Agent shall be kept
indemnified by and be without liability to the Trust for any action taken or omitted by it in reliance upon this representation and warranty,
including without limitation, any liability or costs in connection with claims or complaints for failure to comply with any applicable
law that regulates the collection, processing, use or disclosure of Personal Information.

5.	DATA ACCESS AND PROPRIETARY INFORMATION

5.1	The Trust acknowledges that the databases, computer programs, screen formats, report formats, interactive
design techniques, and documentation manuals furnished to the Trust by the Transfer Agent as part of the Trust’s ability to access
certain Trust-related data maintained by the Transfer Agent or another third party on databases under the control and ownership of the
Transfer Agent (“Data Access Services”) constitute copyrighted, trade secret, or other proprietary information (collectively,
“Proprietary Information”) of substantial value to the Transfer Agent or another third party. In no event shall Proprietary
Information be deemed Authorized Participant information or the confidential information of the Trust. The Trust agrees to treat all Proprietary
Information as proprietary to the Transfer Agent and
further agrees that it shall not divulge any Proprietary Information to any person or organization except as may be provided hereunder.
Without limiting the foregoing, the Trust agrees for itself and its officers and trustees and their agents, to:

(i)	use such programs and databases solely on the Trust’s, or such agents’ computers, or solely
from equipment at the location(s) agreed to between the Trust and the Transfer Agent, and solely in accordance with the Transfer Agent’s
applicable user documentation;

(ii)	refrain from copying or duplicating in any way the Proprietary Information;

(iii)	using commercially reasonable measures to deter unauthorized access to any portion of the Proprietary
Information, and if such access is inadvertently obtained, to inform the Transfer Agent in a timely manner of such fact and dispose of
such information in accordance with the Transfer Agent’s instructions;

(iv)	refrain from causing or allowing Proprietary Information transmitted from the Transfer Agent’s computers
to the Trust’s, or such agents’ computer to be 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.