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

Chunk 3 of 7
Word Count: 1378
Character Count: 8979

Document Content:

obligation to advance any such amounts. Computation of the cash component shall exclude any Taxes, duties or other fees and expenses payable upon the transfer of beneficial ownership of the Deposit Assets, which shall be the sole responsibility of the Participant and not the Sponsor, Fund, Distributor, nor the Transfer Agent. The Sponsor, Distributor, and Transfer Agent reserve the right to revoke acceptance of any Purchase Order in the event payment of the cash component has not been made by such contractual settlement date. 6. PAYMENT OF CERTAIN FEES AND TAXES (a) Transaction Fees. In connection with Orders, the Participant agrees to pay the Transaction Fees, which means any variable fees, fixed transaction fees, “gas” fees, and other charges, applicable to the transaction as determined by the Fund, as described in the Prospectus. The Fund reserves the right to adjust any Transaction Fee subject to any limitations in the Prospectus.

(b)       Taxes
and Fees. In connection with Orders, the Participant acknowledges and agrees that the computation of any cash amount to be paid by
or to the Participant shall exclude any taxes or other fees and expenses payable upon the transfer of beneficial ownership of Shares or
fund assets. The Participant shall be responsible for any transfer tax, sales or use tax, stamp tax, recording tax, value added tax or
any other similar tax, fee or government charge (collectively, “Taxes”) applicable to and imposed upon the purchase or redemption
of any Creation Units made pursuant to this Agreement. To the extent the Fund or its agents pay any such Taxes, or they are otherwise
imposed in connection with transactions effected by the Participant, the Participant agrees to promptly reimburse, indemnify, and pay
such party for any such payment, together with any applicable penalties, additions to tax or interest thereon, unless such penalties,
additions or interest are the result of such party’s gross negligence, fraud or willful misconduct. This paragraph shall survive
the termination of this Agreement.

7.	ROLE AND OBLIGATIONS OF PARTICIPANT

No Agency. Each party acknowledges and agrees that, for all purposes of this Agreement, the Participant will be deemed to
be an independent contractor and will have no authority to act as agent for the Fund, Sponsor, Distributor, their designee or affiliates,
Transfer Agent, nor custodians in any matter or in any respect under this Agreement.

Availability of Participant. Each party to this Agreement acknowledges that the other party may enter into similar agreements
with third parties. The Participant agrees to make itself and its employees available, upon reasonable request, during normal business
hours to consult with the Fund, Sponsor, or Distributor concerning the performance of the Participant’s responsibilities under this
Agreement.

DTC Participant. The Participant agrees, as a DTC Participant, and in connection with any purchase or redemption transactions
in which it acts on behalf of a third party, that it shall extend to such party all of the rights, and shall be bound by all of the obligations,
of a DTC Participant in addition to any obligations that it undertakes hereunder or in accordance with the Prospectus or Trust Agreement.

(d)          Records. Pursuant
to its obligations under the federal securities laws, the Participant agrees to maintain all books and records of all sales of
Shares made by or through it and to furnish copies of such records, and any other records required to be maintained under
applicable law to the Fund, Distributor, Sponsor, and/or Transfer Agent upon any of their reasonable request.

(e)        Delivery
of Fund Information. The Fund may from time to time be obligated under applicable law to deliver prospectuses, proxy materials, annual
or other reports of the Fund or other similar information (“Fund Documents”) to the Fund’s Shareholders. The Participant
agrees that, subject to any privacy obligations or other obligations arising under the federal or state securities laws that the Participant
may have to its customers, the Participant will assist the Sponsor and Distributor in ascertaining certain information regarding sales
of Shares made by or through the Participant upon their request, as may be required from time to time under applicable state or federal
securities laws, rules and regulations, or (ii) in lieu thereof, and at the option of the Participant, the Participant may undertake to
deliver the Fund Documents that the Fund or Distributor is obligated to deliver to Shareholders, upon receiving from the Distributor sufficient
quantities of the same to allow mailing thereof to such customers. The Participant will be responsible for providing the Prospectus in
connection with sales of Shares in the secondary market, as required by applicable laws, rules and regulations.

(f)       Anti-Money
Laundering and Anti-Corruption. The Participant represents and warrants that it has implemented, and agrees to maintain and implement
on an on-going basis, written policies, procedures and internal controls that are reasonably designed to (i) comply with all applicable
anti-money laundering laws and regulations, including but not limited to the Bank Secrecy Act of 1970 and the USA PATRIOT Act of 2001,
and sanctions issued by the Office of Foreign Asset Control or similar authority, each as amended from time to time, and any rules adopted
thereunder and/or any applicable anti-money laundering laws and regulations of other jurisdictions where Participant operates, including
self-regulatory organizations and (ii) screen all new and existing customers against the Office of Foreign Asset Control (“OFAC”)
list and any other government list that is or becomes required under the USA PATRIOT ACT.

The Participant represents and warrants that it
has implemented, and agrees to maintain, implement, and comply with, on an on-going basis, written policies, procedures and internal controls
that are reasonably designed to prevent it from engaging in activities, financial transactions or other illicit purposes for or on behalf
of individuals or entities in line with applicable sanctions, laws and regulations intended to safeguard against corruption, bribery,
and money laundering, and similar rules now or hereafter in effect. The Participant acknowledges that the Crypto Asset Custodian and the
Cash Custodian may reject any Deposit Assets or other deposit property which is subject to applicable sanctions and anti-money laundering
laws. The Participant represents that it will not cause the Fund to hold any crypto asset that originates from a financial crime or other
violation of applicable law or that is being or has been used to facilitate the violation of any sanctions or anti-money laundering laws.

(g)       Privacy.
The Participant affirms that it has policies and procedures in place reasonably designed to protect the privacy of nonpublic
personal information (“NPI”) relating to Participant Clients, or Shareholders to the extent required by applicable
federal privacy laws, rules and regulations, including Regulation S-P, including on (i) collection, use, safeguarding, disclosure,
and disposal of NPI, (ii) restricting access to NPI only to those employees and agents who need to know, (iii) comprehensive
data security, and (iv) privacy breach notification. Further, Participant affirms it will maintain such policies and procedures
throughout the term of this Agreement.

8.	AUTHORIZED PERSONS OF THE PARTICIPANT

(a)       Authorized
Persons. Concurrently with the execution of this Agreement, and from time to time thereafter as may be requested by Sponsor, Distributor,
or Transfer Agent, the Participant shall deliver to the Sponsor, Distributor, and Transfer Agent, a certificate in the format of Attachment
A to this Agreement, duly certified by the Participant’s Secretary or other duly authorized officer of Participant, setting forth
the names and signatures of all persons authorized by the Participant (each an “Authorized Person”) to give Orders and instructions
relating to any activity contemplated by this Agreement on behalf of the Participant. Such certificate will be relied upon by the Sponsor,
Distributor, and Transfer Agent as conclusive evidence of the facts set forth therein and shall be considered to be in full force and
effect until receipt by the Sponsor, Distributor, and Transfer Agent of a superseding certificate or amended certificate or of written
notice from the Participant that an individual should be added to, or removed from, the certificate. Whenever the Participant wants to
add an Authorized Person, revoke the authority of an Authorized Person, or change or cancel a PIN Number (as defined below), the Participant
shall give prompt written notice of such fact to the Sponsor, Distributor, and Transfer Agent, and such written notice shall be effective
upon receipt by the Sponsor, Distributor, and Transfer Agent.