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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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.

The Parties agree that disclosure of
Confidential Information by the Transfer Agent will cause irreparable damage to the Trust and, therefore, in addition to all other remedies
available at law or in equity, the Trust shall have the right to seek equitable and injunctive relief, and to recover the amount of damages
(including reasonable attorneys’ fees and expenses) incurred in connection with such unauthorized use. Upon expiration or termination
of this Agreement, or upon the request of the Disclosing Party, all copies of Confidential Information of the Disclosing Party shall
be destroyed or returned to the Disclosing Party, at the Disclosing Party’s discretion. Notwithstanding the foregoing, a Receiving
Party may retain copies of the Disclosing Party’s Confidential Information and shall have no obligation to destroy or return such
copies to the extent the Receiving Party maintains such information in accordance with this Agreement and such retention is required
pursuant to (i) applicable laws, regulations, or regulatory authority or (ii) the Receiving Party’s internal policies and procedures,
or (iii) the Receiving Party’s routine archiving and electronic backup and storage policies and systems.

In connection
with the provision of the services and the discharge of its other obligations under this Agreement, the Transfer Agent (which term for
purposes of this Section 10.3 includes each of its parent company, branches and affiliates (“Affiliates”)) may collect and
store information regarding the Trust and share such information with its Affiliates, agents, consultants, employees, attorneys, accountants
and/or other service providers in order and to the extent reasonably necessary (i) to carry out the provision of services contemplated
under this Agreement and other agreements between the Trust and the Transfer Agent or any of its Affiliates and (ii) to carry out management
of its businesses, including, but not limited to, financial and operational management and reporting, risk management, legal and regulatory
compliance and internal client service management purposes of the Transfer Agent and its Affiliates.

10.3	Except as expressly contemplated by this Agreement, nothing in Section 10.3 shall limit the confidentiality
and data protection obligations of the Transfer Agent and its Affiliates under this Agreement and applicable law. The Transfer Agent shall
cause any Affiliate, agent, consultant, employee, attorney, accountant, and/or other service provider to which it has disclosed Confidential
Information pursuant to this Agreement to comply at all times with confidentiality and data protection obligations under this Agreement
as if it were a party to this Agreement and the Transfer Agent shall be liable under this Agreement for any use or disclosure in violation
of Sections 9 and 10 by its Affiliates’ personnel, agents, subcontractors, attorneys, accountants and/or service providers. The
undertakings and obligations contained in this Section shall survive the termination or expiration of this Agreement.

11.	EFFECTIVE PERIOD AND TERMINATION

11.1	TERM. This Agreement shall remain in full force and effect for an initial term ending February 28, 2029.
After the expiration of the Initial Term, this Agreement shall automatically renew for successive one-year terms unless a written notice
of non-renewal is delivered by the non-renewing party no later than ninety (90) days prior to the expiration of the initial term or any
renewal term, as the case may be.

11.2	TERMINATION.

(i)       Either
party may terminate this Agreement as to the Trust: (a) in the event of the other party’s material breach of a provision of
this Agreement that the other party has either failed to cure, or failed to establish a remedial plan to cure that is reasonably
acceptable to the non-breaching party, within 60 days’ written notice being given by the non-breaching party of the breach,
(b) immediately if the material breach cannot be cured; or (c) in the event of the appointment of a conservator or receiver for the
other party, the commencement by or against the other party of a bankruptcy or insolvency case or proceeding, or upon the happening
of a like event to the other party at the direction of an appropriate agency or court of competent jurisdiction. The Trust may also
terminate this Agreement as to the Trust in the event of a Change of Control of the Transfer Agent. For purposes hereof,
“Change of Control” means the occurrence of a transaction or a series of transactions by which a person: (i) acquires
the direct or indirect ownership of a majority of the Transfer Agent’s outstanding capital stock (or other form of equity
interests) including by merger or otherwise; (ii) obtains the voting power to elect a majority of the directors of the Transfer
Agent’s board of directors (or other similar governing body); or (iii) acquires or exclusively licenses directly or indirectly
all or substantially all of a Transfer Agent’s assets that are the subject matter of this Agreement, for example, the sale of
any of Transfer Agent’s ETF administration businesses.

11.3	PAYMENTS OWING TO THE TRANSFER AGENT. Upon termination
of this Agreement pursuant to Section 11.1 or 11.2, the Trust shall pay to the Transfer Agent any compensation then due and shall
reimburse the Transfer Agent for its other fees, expenses and charges as reflected in the applicable fee schedule . In the event
of the Trust termination of this Agreement with respect to the Trust for (a) any reason other than as set forth in Section 11.1 or
11.2 or (b) a transaction not in the ordinary course of business pursuant to which the Transfer Agent is not retained to continue providing
services hereunder to the Trust (or its respective successors), the Trust shall pay to the Transfer Agent any compensation due through
the end of the then-current term (based upon the average monthly compensation previously earned by the Transfer Agent with respect to
the Trust) and shall reimburse the Transfer Agent for its other fees, expenses and charges.

11.4	EXCLUSIONS. No payment will be required pursuant to clause (b) of Section 11.3 in the event of any transaction consisting
of (a) the liquidation or dissolution of the Trust and distribution of the Trust’s assets as a result of the Board’s
determination in its reasonable business judgment that such liquidation or dissolution is in the best interests of the Trust, (b) a
merger of the Trust into, or the consolidation of the Trust with, another organization or series, or (c) the sale by the Trust of
all or substantially all of its assets to another organization or series and, in the case of a transaction referred to in the foregoing
clause (b) or (c) the Transfer Agent is retained to continue providing services to the Trust (or its respective successor) on
substantially the same terms as this Agreement.

11.5	EFFECT OF TERMINATION. Termination of this Agreement with respect to any one particular Trust shall
in no way affect the rights and duties under this Agreement with respect to any other Trust to the extent not terminated.

12.	ADDITIONAL TRUSTS

In the event that the Trust establishes
one or more series of Shares in addition those listed on the attached Schedule A, with respect to which the Trust desires to have
the Transfer Agent render services as transfer agent under the terms hereof, it shall so notify the Transfer Agent in writing, and if
the Transfer Agent agrees in writing to provide such services, such series of Shares shall become an individual Trust hereunder.

13.	ASSIGNMENT

13.1	Except as provided in Section 15.17 below, neither this Agreement nor any rights
or obligations hereunder may be assigned by either party without the written consent of the other party. Any attempt to do so in violation
of this Section shall be void. Unless specifically stated to the contrary in any written consent to an assignment, no assignment will
release or discharge the assignor from any duty or responsibility under this Agreement.