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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account with such Crypto Custodian. Each of the Sponsor, Participant, and Distributor hereby agree to take such actions, and enter into such other agreements (including any amendments to this Agreement) as may reasonably be required to facilitate in-kind creation and redemption transactions. To the extent that any crypto asset transfers from the Fund are delayed due to congestion or other issues with any one or more Crypto Asset Networks, such crypto asset(s) generally are not expected to be held in cold storage until such transfers can occur. With respect to any Incidental Right, as described in the Prospectus, Participant acknowledges that it and any Participant Client shall have no direct claim to any Incidental Right, including forked assets, in-kind and shall be entitled, if at all, only to such cash proceeds (if any) as may be distributed to Shareholders in accordance with the Trust Agreement, the Prospectus, and applicable law.

(f)       Telecommunications.
The Participant and any designated third party, which may be an affiliate of Participant (each, acting in such capacity, a “Market
Maker”), has the capability to send and receive authenticated telecommunications to and from (i) the Sponsor, Distributor, and their
agents, (ii) Transfer Agent, and (to the extent engaging in in-kind transactions) (iii) any custodian responsible for establishing and
maintaining cash accounts (the “Cash Custodian”) and Crypto Custodian, and (iv) the Participant’s or applicable Market
Maker’s custodian. The Participant shall confirm such capability to the reasonable satisfaction of the Sponsor or Distributor, and
Transfer Agent. The Participant maintains, and shall at all times during the term of this Agreement maintain, a secure wallet or
wallets from a reputable crypto wallet software provider, as agreed to by the parties hereto, or through a licensed third party custodian
or virtual currency trading platform, for the crypto asset being transferred. If there is any change in the foregoing, the Participant
shall give prompt notice to the Sponsor of such event. The Participant shall at all times ensure that the wallet or wallets it maintains
are capable of custodying the types of crypto assets held by the Fund.

2.	EXECUTION OF PURCHASE AND REDEMPTION ORDERS

(a)       Order
Procedures. The Participant may place Orders, subject to the procedures for Orders set forth in the Prospectus and in this Agreement,
which includes the attachments. Each party agrees to comply with the provisions of the Prospectus, this Agreement (which is inclusive
of all attachments), and the laws, rules, and regulations that are applicable to it in its role under this Agreement. The Order procedures
in Attachment B may be supplemented or amended from time to time and the Sponsor or Distributor reserves the right to issue additional
or other procedures relating to the manner of purchasing or redeeming Creation Units and the Participant agrees to comply with such procedures
as may be issued from time to time, upon reasonable notice thereof. A Participant may not cancel an Order after an order is placed by
the Participant except as otherwise set forth herein.

(b)       Crypto
Asset Transfers. Any crypto asset to be transferred in connection with an Order shall be transferred in accordance with the Procedures
and the Prospectus. The Participant shall be responsible for (i) a Transaction Fee (defined below) for each Order to create or redeem
Creation Units, (ii) transfer, processing and other transaction costs charged by the Crypto Asset Custodian and/or Cash Custodian in connection
with the issuance or redemption of Creation Units for such Order (or as otherwise described in the Prospectus, and (iii) any other expenses,
Taxes (as defined below), or charges (as described in the Prospectus).

Each of the Fund, the Sponsor, Distributor, and
the Transfer Agent will have no liability for loss or damages suffered by the Participant, Market Maker or any party for which they are
acting in respect of any prime brokerage account, to the extent a prime broker is used to transact an Order (a “Prime Brokerage
Account”). The liability of any prime broker utilized in connection with an Order with respect to any such loss or damage will be
governed by the terms of any agreement entered into by (i) such prime broker and (ii) the Participant and/or Market Maker. The Participant
acknowledges that it and the Market Maker (as applicable) are unsecured creditors of such prime broker (if used) with respect to any crypto
asset held in such Prime Brokerage Account and that such crypto asset is at risk in the event of such prime broker’s insolvency.

(c)       Phone
Lines. Neither the Sponsor nor Distributor currently accept Orders by phone. If Orders were accepted by phone in the future, the
Sponsor and Distributor anticipate recording the phone lines used in connection with the acceptance and processing of Orders. It is
anticipated that the phone lines used by the Transfer Agent will be recorded. The Participant hereby consents to the recording by
the Sponsor, Distributor, and Transfer Agent of all calls in connection with the Orders, provided that the Participant may
reasonably request that the recording party promptly provide to the Participant copies of recordings of any such calls, which have
been retained in accordance with the recording party’s usual document retention policy. If a recording party becomes legally
compelled to disclose to any third party any recording involving communications with the Participant, to the extent legally
permitted to do so, such recording party shall provide the Participant with reasonable advance written notice identifying the
recordings to be disclosed, together with copies of such recordings, so that the Participant may seek a protective order or other
appropriate remedy with respect to the recordings or waive its right to do so.

(d)       Irrevocable.
The Participant acknowledges and agrees that delivery of any Order shall be irrevocable, except that the Sponsor, Distributor, and the
Transfer Agent (upon direction of Sponsor or Distributor) each reserve the right to reject any Order for any reason and shall not be liable
to any person by reason of the rejection.

(e)       Issuance.
The Participant understands that a Creation Unit generally will not be issued until the requisite cash amounts and/or the designated basket
of assets (for Purchase Orders, the “Deposit Assets”), as well as applicable Transaction Fees (as defined below) and Taxes
(as defined below) or other charges are transferred to the Fund on or before the settlement date in accordance with the Prospectus or
as otherwise communicated to Participant from time to time. The Participant understands that a Creation Unit will not be redeemed until
the requisite Shares, as well as applicable Transaction Fee and Taxes (both as defined below) or other charges are transferred to the
Fund on or before the settlement date in accordance with the Prospectus or as otherwise communicated to Participant from time to time.
All references to “cash” shall refer to U.S. Dollars, unless otherwise described in the Prospectus.

(f)       Suspension
of Creations and Redemptions. The Sponsor may, in its discretion, and Distributor or Transfer Agent will, when so directed by the
Sponsor, suspend creations or suspend the right of redemption, or postpone the delivery date of the crypto assets or other Fund property
generally or with respect to a particular Order (i) during any period in which regular trading on the U.S. national securities exchange
or association where Shares of the Fund are principally listed (as specified in the Prospectus) (the “Listing Exchange”)
is suspended or restricted, or the Listing Exchange is closed (other than scheduled weekend or holiday closings); (ii) during any period
when the Sponsor determines that delivery, disposal or evaluation of the crypto asset is not reasonably practicable; (iii) during such
other period as the Sponsor determines to be necessary for the protection of Shareholders; or (iv) as provided in the Prospectus. Neither
the Transfer Agent, the Fund, Distributor, nor the Sponsor shall be liable to any person or liable in any way for any loss or damages
that may result from any such rejection, suspension or postponement.

3.	MARKETING MATERIALS AND REPRESENTATIONS

(a)       Representations
and Warranties of Participant. The Participant represents and warrants that it will not make any representations concerning the Fund,
Creation Units or Shares, other than those consistent with the Prospectus or any Marketing Materials (as defined below) furnished to the
Participant by the Distributor.