SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-10.2
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/ex10-2.htm

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state or federal authority withdrawing its authorization of the either party. b. Termination of this Agreement with respect to any one particular Fund shall in no way affect the rights and duties under this Agreement with respect to any other Fund. c. Should the Agreement be terminated by either party for any reason and if requested by a Fund, the Administrator agrees to continue performing the services contemplated in this Agreement pursuant to the terms and conditions of this Agreement at the rates set forth in the then current fee schedule and for a reasonable period of time to be agreed upon by the parties in good faith, in order to provide for the orderly transition of services to the Fund or to an alternative service provider designated by the Fund so that, to the extent feasible, the services are maintained without interruption. 12. Redistribution of Data from Third Parties

The reports and other output from
the Services provided by Administrator to each Fund under this Agreement may contain data licensed from third party information providers.
Such data is the intellectual property of those information providers and is subject to restrictions on use contained in the license agreement
between the information provider and Administrator, which Administrator cannot unilaterally change. Administrator will notify the relevant
Fund of any such restrictions that may affect the Fund’s use of the that data to the extent provided herein, and shall use reasonable
efforts to notify the Fund if the information provider adds additional restrictions on the use of such data. Each Fund acknowledges that
its continued use of such data as provided herein shall constitute the Fund’s acceptance of the revised usage restrictions, provided,
however, that any redistribution of such data or information derived therefrom may require a separate license from the relevant information
providers.

13.	Amendments

This Agreement may be amended at any
time in writing by mutual agreement of the parties hereto. Appendix A may be amended from time to time to add or remove funds from this
Agreement by the execution by the parties hereto of a revised Appendix A.

14.	Assignment

Neither party may assign this Agreement
or any of its rights or obligations hereunder without the prior written consent of the other party.

15.	Third Party Beneficiaries

Except as specifically provided herein,
nothing under this Agreement shall be construed to give any rights or benefits under this Agreement to anyone other than the Administrator
and each Fund, and the duties and responsibilities undertaken pursuant to this Agreement shall be for the sole and exclusive benefit of
the Administrator and each Fund.

Should the Funds exercise their rights
under this Agreement, notice is hereby given to Administrator that this Agreement is not executed on behalf of the officers or trustees
of any Fund as individuals, and the obligations of this Agreement are not binding upon any of the trustees, officers, shareholders or
partners of any Fund individually, but are binding only upon the assets and property of each Fund’s respective portfolios. The Administrator
hereby agrees that no shareholder, trustee, officer or partner of any Fund may be held personally liable or responsible for any obligations
of any Fund arising out of this agreement. A copy of the trust agreement or other organizational document of each Fund is on file with
the secretary of the state of the Fund’s formation.

16.	Successors

This Agreement shall be binding on
and shall inure to the benefit of each Fund and the Administrator and their respective successors and permitted assigns.

17.	Business Continuity

The Administrator (1) has in place
a business continuity/disaster recovery plan (“BCP”) and facilities which, in the event of a disaster affecting the Administrator,
will be sufficient to enable the Administrator to resume and continue to perform its obligations under this Agreement without undue delay
or disruption; and (2) shall test its BCP regularly.

18.	Entire Agreement

This Agreement, including its associated
schedules and attachments, if any, contains the entire understanding between the parties hereto with respect to the subject matter hereof
and supersedes all previous representations, warranties or commitments regarding the services to be performed hereunder whether oral or
in writing.

19.	Waiver

The failure of a party to insist upon
strict adherence to any term of this Agreement on any occasion shall not be considered a waiver nor shall it deprive such party of the
right thereafter to insist upon strict adherence to that term or any term of this Agreement. Any waiver must be in writing signed by the
waiving party.

20.	Severability

If any provision of this Agreement
is invalid or unenforceable, the balance of the Agreement shall remain in effect, and if any provision is inapplicable to any person or
circumstance it shall nevertheless remain applicable to all other persons and circumstances.

21.	Governing Law; Waiver of Jury Trial

This Agreement shall be construed
and the provisions thereof interpreted under and in accordance with the laws of the State of Delaware, without regard to principles of
conflicts of law. The parties hereby irrevocably waive any and all rights to trial by jury in any legal proceeding arising out of or relating
to this Agreement.

22.	Reproduction of Documents

This Agreement and all
schedules, exhibits, attachments and amendments hereto may be reproduced by any photographic, xerographic, photostatic, microfilm,
micro-card, miniature photographic or other similar process. The parties hereto all/each agree that any such reproduction shall be
admissible in evidence as the original itself in any judicial or administrative proceeding, whether or not the original is in
existence and whether or not such reproduction was made by a party in the regular course of business, and that any enlargement,
facsimile or further reproduction of such reproduction shall likewise be admissible in evidence.

23.	Counterparts

This Agreement may be executed by
the parties hereto on any number of counterparts, and all of said counterparts taken together shall be deemed to constitute one and the
same instrument.

24.	Captions

The captions in this Agreement are
included for convenience of reference only and in no way define or delineate any of the provisions hereof or otherwise affect their construction
or effect.

IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be signed by their duly authorized signatories as of the day and year first written above.

T. ROWE PRICE ASSOCIATES, INC.

as Administrator

By: /s/ Francine Rosenberger

Name: Francine Rosenberger

Title: Vice President

EACH ENTITY LISTED ON EXHIBIT
A HERETO

by T. ROWE PRICE SPONSOR LLC in
its capacity as Sponsor

By: /s/ Alan Dupski

Name: Alan Dupski

Title: Chief Financial Officer of
Sponsor, Principal Accounting Officer of Trust

T. ROWE PRICE SPONSOR LLC ON ITS
OWN BEHALF SOLELY WITH RESPECT TO SECTIONS 3 AND 4 HEREOF

By: /s/ Alan Dupski

Name: Alan Dupski

Title: Chief Financial Officer of
Sponsor, Principal Accounting Officer of Trust

ADMINISTRATION AGREEMENT

APPENDIX

Listing of Fund(s)

T. Rowe Price Active Crypto ETF

Dated as of March 26, 2026

ADMINISTRATION AGREEMENT

APPENDIX B

A.	Transaction Processing

1.	Receive accepted/confirmed order activity, including but not limited to in-kind purchase orders effected
by transfers of digital assets and other assets as determined by those entities that that have entered into an Authorized Participant
Agreement with the distributor of the Fund (“Authorized Participants”), for the creation of units and promptly deliver or
receive applicable payments and appropriate documentation to the Fund’s custodian(s) (“Custodian(s)”).

2.	Provide trade settlement support, including failed trade resolution.

B.	Asset Servicing

1.	In conjunction with the Custodian(s), receive information and keep records regarding all corporate actions
that occur on assets within the Fund.

C.	Cash & Position Reconciliation

1.	Reconcile cash activity, cash balances and positions reflected in the accounting system to Custodian(s),
as applicable, daily.

2.	Research and resolve cash and position breaks resulting from non-receipt or mismatched activity.

D.	Cash Processing

1.	Instruct payment of the Fund’s operating expenses and other miscellaneous Fund expenses.

2.	Provide the Fund’s Sponsor with current day spendable cash and review cash projections for reasonability.

E.	Accounting

1.	Calculate net asset value (“NAV”) of the Fund daily.

2.	Maintain and preserve all accounts, books, financial records, and other financial documents as are required
of the Fund including maintenance of the general ledger, recording and verification of any activity within the Fund such as expenses,
income, or gain/loss.

3.	Accounting relating to the Fund and transactions of the Fund for investments including valuation of investments
held.

4.	Establish and maintain static security master information.

5.	Prepare and furnish Fund performance information.

F.	ETF Services

1.	Administrator shall be responsible for preparing and providing fund data, including but not limited to,
daily holdings, basket components, NAV and other data elements deemed reasonably necessary to third parties, including but not limited
to the National Securities Clearing Corporation and Authorized Participants.

G.	Financial Reporting

1.	Prepare financial statements in appropriate form and in sufficient detail to support an independent audit
of the financial statements of the Fund.