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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Standard of Care; (v) the offer or sale of Creation Units by the Trust in violation of any requirement under federal or state securities laws or regulations requiring that such Creation Units be registered, or in violation of any stop order or other determination or ruling by any federal or state agency with respect to the offer or sale of such Creation Units; (vi) the negotiation and processing of any checks, wires and ACH transmissions, including without limitation, for deposit into, or credit to, the Trust’s demand deposit accounts maintained by the Transfer Agent, provided that such negotiation and/or processing is done in accordance with the Standard of Care; (vii) all actions relating to the transmission of Trust, Creation Unit or Authorized Participant data through the NSCC clearing systems, if applicable, provided that Transfer Agent’s acts or omissions relating thereto are done in accordance with the Standard of Care; and

(viii)	any tax obligations under the tax laws of any country or of any state or political subdivision thereof,
including taxes, withholding and reporting requirements, claims for exemption and refund, additions for late payment, interest, penalties
and other expenses (including legal expenses) that may be assessed, imposed or charged against the Transfer Agent as transfer agent hereunder,
but excluding income, excise, franchise or other similar taxes ordinarily imposed on the Transfer Agent’s income, property or business
generally.

The term “Digital Assets”
means the asset that is issued and/or transferred using distributed ledger or blockchain technology, including, but not limited to, so-called
“virtual currencies”, “coins”, and “tokens” and with respect to which State Street has agreed to provide
services pursuant to other services agreements between State Street and the Trust.

8.2	At any time, the Transfer Agent may apply to any officer of the Trust for instructions, and may consult
with legal counsel (which may be Trust counsel) with respect to any matter arising in connection with the services to be performed by
the Transfer Agent under this Agreement, and the Transfer Agent and its agents or subcontractors shall not be liable and shall be indemnified
by the Trust for any action taken or omitted by it in reliance upon such instructions or upon the opinion of such counsel. The Transfer
Agent, its agents and subcontractors shall be protected and indemnified in acting upon any paper or document furnished by or on behalf
of the Trust, reasonably believed to be genuine and to have been signed by the proper person or persons, or upon any instruction, information,
data, records or documents provided the Transfer Agent or its agents or subcontractors by machine readable input, electronic data entry
or other similar means authorized by the Trust, and shall not be held to have notice of any change of authority of any person, until receipt
of written notice thereof from the Trust.

9.	ADDITIONAL COVENANTS OF THE TRUST AND THE TRANSFER AGENT

9.1	Delivery of Documents . The Trust shall promptly furnish to the Transfer Agent the following:

A copy of the Declaration
of Trust and Trust Agreement and all amendments thereto.

9.2	Certificates, Checks, Facsimile Signature Devices . The Transfer Agent hereby agrees to establish
and maintain facilities and procedures for safekeeping of any stock certificates, check forms and facsimile signature imprinting devices;
and for the preparation or use, and for keeping account of, such certificates, forms and devices.

9.3	Records . The Transfer Agent shall keep records relating to the services to be performed hereunder,
in the form and manner as it may deem advisable. To the extent required by Section 31 of the 1940 Act and the Rules thereunder, the Transfer
Agent agrees that all such records prepared or maintained by the Transfer Agent relating to the services to be performed by the Transfer
Agent hereunder are the property of the Trust and will be preserved, maintained and made available in accordance with such Section and
Rules, and will be surrendered promptly to the Trust on and in accordance with its request. Records may be surrendered in either written
or machine-readable form and format in line with then-current industry standard and reasonably acceptable to the Trust. In the event that
the Transfer Agent is requested or authorized by the Trust, or required by subpoena, administrative order, court order or other legal
process, applicable law or regulation, or required in connection with any investigation, examination or inspection of the Trust by state
or federal regulatory agencies, including to produce the records of the Trust or the Transfer Agent’s personnel as witnesses or
deponents, the Trust agrees to pay the Transfer Agent for the Transfer Agent’s reasonable time and expenses, as well as the reasonable
fees and expenses of the Transfer Agent’s counsel, incurred in such production. The Transfer Agent shall provide the applicable
Trust with information regarding the reasonable fees and expenses incurred in responding to any such requests for records.

10.	CONFIDENTIALITY AND USE OF DATA

10.1	All information provided under this Agreement by or on behalf
of a party (the “Disclosing Party”) to the other party (the “Receiving Party”), whether in written, electronic
or oral form, including, without limitation, information regarding the Disclosing Party’s business, operations or finances (“Confidential
Information”) shall be treated as confidential. For the avoidance of doubt, all portfolio holdings and trading information of the
Trust shall constitute Confidential Information of the Trust. The Receiving Party shall keep confidential and protect from unauthorized
disclosure or misuse the Disclosing Party’s Confidential Information with the same degree of care as it would employ with respect
to its own information of like importance which it does not desire to have published or disseminated, but in no event less than a reasonable
degree of care. Subject to 10.2 below, all Confidential Information provided under this Agreement by Disclosing Party shall be used,
including disclosure to third parties, by the Receiving Party, or its agents or service providers, solely for the purpose of performing
or receiving the services and discharging the Receiving Party’s other obligations under the Agreement or managing the business
of the Receiving Party and its Affiliates (as defined in Section 10.2 below), including financial and operational management and reporting,
risk management, and legal and regulatory compliance. The Receiving Party shall not use any Confidential Information of the Disclosing
Party for the Receiving Party’s own purposes, including marketing, customer research, or market analytics, whether or not on an
anonymized or aggregate basis. The Transfer Agent shall not use any Confidential Information of the Trust for any investment or trading
purpose and shall maintain policies, procedures and other measures, including a code of ethics or similar policy, consistent with industry
best practices, to ensure compliance with all applicable securities laws by it and any other entity or individual with access to portfolio
holdings or trading information.

10.2	The foregoing shall not be applicable to any information (a) that
is publicly available when provided or thereafter becomes publicly available, other than through a breach of this Agreement, (b) that
is independently derived by the Receiving Party without the use of any information provided by the Disclosing Party in connection with
this Agreement, (c) that is disclosed to comply with any legal or regulatory proceeding, investigation, audit, examination, subpoena,
civil investigative demand or other similar process (provided that, unless prohibited by law or regulation, promptly on receipt of any
order compelling such disclosure, the Receiving Party shall notify the Disclosing Party in writing of such requirement to disclose so
that the Disclosing Party has a reasonable opportunity to obtain a protective order at the Disclosing Party’s expense) or by operation
of law or regulation, (d) that is disclosed as required by operation of law or regulation or as required to comply with the requirements
of any market infrastructure that the Disclosing Party or its agents direct the Custodian or its affiliates to employ (or which is required
in connection with the holding or settlement of instruments included in the assets subject to this Agreement), or (e) where the party
seeking to disclose has received the prior written consent of the party providing the information, which consent shall not be unreasonably
withheld.