SEC Filing Document

Company: Grayscale BNB ETF
Ticker: GBNB
CIK: 2106762
Filing Type: S-1/A
Document Type: EX-10.11
Date Filed: 2026-04-07
Accession Number: 0001193125-26-145494
Exchange: 
SIC Code: 6221
SIC Description: Commodity Contracts Brokers & Dealers
URL: https://www.sec.gov/Archives/edgar/data/2106762/000119312526145494/gbnb-ex10_11.htm

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the event any such delay continues for a period of thirty (30) or more days, then either Party may terminate this Agreement upon five (5) business days’ prior written notice, provided Customer shall remain responsible for payments due to CM prior to termination. Assignment. Neither Party may assign this Agreement without the prior written consent of the other Party, which consent may not be unreasonably withheld; provided, however, that either Party may assign this Agreement to an affiliate of such Party or in connection with a merger, sale of substantially all of its assets, acquisition or other change of control with respect to such Party or any division of its business without the need for such prior written consent. The Agreement is binding upon and inures to the benefit of each Party and its respective successors and permitted assigns, subject to the restrictions against assignment provided in this Section 8.10.

Construction. In this Agreement, unless a clear contrary intention appears: (i) where not inconsistent with the context, words used in the present tense include the future tense and vice versa and words in the plural number include the singular number and vice versa; (ii) reference to any person includes such person’s successors and assigns but, if applicable, only if such successors and assigns are not prohibited by this Agreement; (iii) reference to any gender includes each other gender; (iv) reference to any agreement, document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and includes all addenda, exhibits and schedules thereto; (v) the titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement; (vi) “hereunder,” “hereof,” “hereto,” and words of similar import shall be deemed references to this Agreement as a whole and not to any particular Section or Subsection of this Agreement; (vii) “including” (and with correlative meaning, “include”) means including without limiting the generality of any description preceding such term and (viii) any reference to “dollars” means United States Dollars.

Entire Agreement. Except as amended after the date hereof pursuant to Section 8.7, this Agreement, the applicable Order Form, Schedules and Exhibits hereto constitute the entire Agreement between the Parties and supersede all prior and contemporaneous undertakings and agreements between the Parties, whether written or oral, with respect to the Services. In the event of any conflict between this Agreement and any Order Form, the terms of this Agreement shall govern, except to the extent the applicable Order Form expressly references the provision of this Agreement to be overridden.

Signature Page Follows

Certain confidential information contained in this document, marked by [***], has been omitted because

the Registrant has determined that the information (i) is not material and (ii) would likely

cause competitive harm to the Registrant if publicly disclosed.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Agreement Effective Date: August 4, 2020

COIN METRICS INC.

Signature: /s/Tim Rice

Name: Tim Rice

Title: CEO

Date: 8/6/2020

CUSTOMER

Signature: /s/ Michael Sonnenshein

Name: Michael Sonnenshein

Email:

Title: Managing Director

Date: 8/6/2020

Entity Name: Grayscale Investments, LLC

Entity Jurisdiction: Delaware

Certain confidential information contained in this document, marked by [***], has been omitted because

the Registrant has determined that the information (i) is not material and (ii) would likely

cause competitive harm to the Registrant if publicly disclosed.

Exhibit A Form of Order Form

THIS ORDER FORM (this “Order Form”) is made as of the latest date set forth below (the “Order Effective Date”) by and between Coin Metrics Inc., a Delaware corporation (“CM”) and Grayscale Investments, LLC (“Customer”), and is made pursuant to that certain Master Services Agreement, dated as of August 4, 2020 (the "Agreement"), between Customer and CM. The terms of the Agreement are incorporated into this Order Form by reference and capitalized terms used but not defined in this Order Form have the meanings ascribed to them in the Agreement.

General Terms

Services Order Form

Additional Provisions:

This Order Form shall be effective as of the Launch Date provided above and continue until the Expiration Date provided above (the “Initial Order Term”). The Order Form will not renew automatically upon the expiration of the Initial Order Term. Customer will provide written notice of its intent to renew at least thirty (30) days prior to the applicable Order Expiration Date. If requested by Customer and approved by both Parties, renewal of the Order Form will proceed at CM’s then-current fee applicable to the Services under this Order Form from the Expiration Date (in the case of the Initial Order Term) or the effective date of expiration of such Renewal Order Term (as applicable) (each, an “Order Expiration Date”) for an additional one-year period from such Order Expiration Date (each, a “Renewal Order Term” and, collectively with the Initial Order Term, the “Order Term”).

All payments shall be made in accordance with this Order Form and the Agreement by Customer to CM, as follows:

Schedule 1 attached to this Order Form is incorporated into, and made part of, this Order Form in its entirety.

Signature Page Follows

IN WITNESS WHEREOF, the Parties have executed this Order Form as of the Order Effective Date: August 4, 2020

COIN METRICS INC.

Signature: /s/Tim Rice

Name: Tim Rice

Title: CEO

Date: 8/6/2020

Certain confidential information contained in this document, marked by [***], has been omitted because

the Registrant has determined that the information (i) is not material and (ii) would likely

cause competitive harm to the Registrant if publicly disclosed.

CUSTOMER

Signature: /s/Michael Sonnenshein

Name: Michael Sonnenshein	Email:

Title: Managing Director

Date: 8/6/2020

Entity Name: Grayscale Investments, LLC

Entity Jurisdiction: Delaware

Entity Billing Address: 250 Park Avenue South, 5th Floor, New York, NY, 10003

Billing Contact Name:

Billing Contact Email:

Certain confidential information contained in this document, marked by [***], has been omitted because

the Registrant has determined that the information (i) is not material and (ii) would likely

cause competitive harm to the Registrant if publicly disclosed.

Service Schedule 1 CM Network Data Pro