SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-1.1
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/ex1-1.htm

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employees, or representatives, or to any controlling person or persons, defendant or defendants, in the suit. In the event that Distributor elects to assume the defense of any such suit and retain such legal counsel, the Trust, its directors, officers, employees, representatives, or controlling person or persons, defendant or defendants in the suit, shall bear the fees and expenses of any additional legal counsel retained by them. If Distributor does not elect to assume the defense of any such suit, Distributor will reimburse the Trust, such directors, officers, employees, representatives, or controlling person or persons, defendant or defendants in such suit for the reasonable fees and expenses of any legal counsel retained by them. Distributor agrees to promptly notify the Trust of the commencement of any litigation or proceedings against it or any of its directors, officers, employees, or representatives in connection with the issue or sale of any Shares.

The Trust agrees to
indemnify and hold harmless Distributor and each of its directors, officers, employees, representatives, and each person, if any,
who controls Distributor within the meaning of Section 15 of SA-33 against any and all losses, liabilities, damages, claims, or
expenses (including the reasonable costs of investigating or defending any alleged loss, liability, damage, claim, or expense and
reasonable legal counsel fees incurred in connection therewith) to which Distributor or such of its directors, officers, employees,
representatives, or controlling person may become subject under SA-33, under any other statute, at common law, or otherwise, arising
out of the acquisition of any Shares by any person which (i) may be based upon any wrongful act by the Trust or any of the
Trust’s directors, officers, employees or representatives, (ii) arises from or is caused by Trust’s breach of any
representation or warranty made by it to the Distributor, (iii) is the result of a claim brought by an authorized participant
provided that the Distributor has not acted with willful misfeasance, bad faith, or gross negligence with respect to its duties
hereunder or in the authorized participant agreement, or (iv) may be based upon any untrue statement or alleged untrue statement of
a material fact contained in a registration statement, shareholder report, or other information covering Shares filed or made public
by the Trust or any amendment thereof or supplement thereto, or the omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein not misleading if such statement or omission was made in
reliance upon information furnished to Distributor by the Trust. In no case (i) is the Trust’s indemnity in favor of the
Distributor, or any person indemnified to be deemed to protect the Distributor or such indemnified person against any liability to
which the Distributor or such person would otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence in
the performance of his duties or by reason of his reckless disregard of his obligations and duties under this Agreement, or (ii) is
the Trust to be liable under its indemnity agreement contained in this Section with respect to any claim made against Distributor,
or person indemnified unless Distributor, or such person, as the case may be, shall have notified the Trust in writing of the claim
within a reasonable time after the summons or other first written notification giving information of the nature of the claim shall
have been served upon Distributor or upon such person (or after Distributor or such person shall have received notice of such
service on any designated agent). However, failure to notify the Trust of any such claim shall not relieve the Trust from any
liability which the Trust may have to Distributor or any person against whom such action is brought otherwise than on account of the
Trust’s indemnity agreement contained in this Section.

The Trust shall be entitled
to participate, at its own expense, in the defense, or, if the Trust so elects, to assume the defense of any suit brought to enforce any
such claim, but, if the Trust elects to assume the defense, such defense shall be conducted by legal counsel chosen by the Trust and satisfactory
to Distributor, to its directors, officers, employees, or representatives, or to any controlling person or persons, defendant or defendants,
in the suit. In the event that the Trust elects to assume the defense of any such suit and retain such legal counsel, Distributor, its
directors, officers, employees, representatives, or controlling person or persons, defendant or defendants in the suit, shall bear the
fees and expenses of any additional legal counsel retained by them. If the Trust does not elect to assume the defense of any such suit,
the Trust will reimburse Distributor, such directors, officers, employees, representatives, or controlling person or persons, defendant
or defendants in such suit for the reasonable fees and expenses of any legal counsel retained by them. The Trust agrees to promptly notify
Distributor of the commencement of any litigation or proceedings against it or any of its directors, officers, employees, or representatives
in connection with the issue or sale of any Shares.

15.       Limitation
on Liability of Trust. It is expressly agreed that the obligations of the Trust hereunder shall not be binding upon any of the directors,
shareholders, nominees, officers, agents or employees of the Trust, personally, but bind only the trust property of the Trust, as provided
in the Declaration of Trust. The execution and delivery of this Agreement have been authorized by the directors and shareholder of the
Trust and signed by an authorized officer of the Trust, acting as such, and neither such authorization by such directors and shareholder
nor such execution and delivery by such officer shall be deemed to have been made by any of them but shall bind only the trust property
of the Trust as provided in its Declaration of Trust.

16.       Duration
and Termination of this Agreement. This Agreement shall become effective upon its execution (the “Effective Date”)
until terminated by either party upon sixty (60) days’ written notice to the other party.

17.       Amendment
of this Agreement. No provisions of this Agreement may be changed, waived, discharged, or terminated orally, but only by an instrument
in writing signed by the party against which enforcement of the change, waiver, discharge, or termination is sought. If the Trust should
at any time deem it necessary or advisable in the best interests of the Trust that any amendment of this Agreement be made in order to
comply with the recommendations or requirements of the SEC or other governmental authority or to obtain any advantage under state or federal
tax laws and notifies Distributor of the form of such amendment, and the reasons therefor, and if Distributor should decline to assent
to such amendment, the Trust may terminate this Agreement forthwith. If Distributor should at any time request that a change be made in
the Trust’s formation documents, or in its methods of doing business, in order to comply with any requirements of federal law or
regulations of the SEC, or of a national securities association of which Distributor is or may be a member relating to the sale of Shares,
and the Trust does not make such necessary change within a reasonable time, Distributor may terminate this Agreement forthwith.

18.       Miscellaneous.
It is understood and expressly stipulated that neither the Trust’s shareholders, nor the officers of Trust or its Sponsor shall
be personally liable hereunder. The captions in this Agreement are included for convenience of reference only, and in no way define or
delimit any of the provisions hereof or otherwise affect their construction or effect. This Agreement may be executed simultaneously in
two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

19.       Notice.
Any notice required or permitted to be given by either party to the other shall be deemed sufficient if sent by registered or certified
mail, postage prepaid, addressed by the party giving notice to the other party at the last address furnished by the other party to the
party giving notice: if to the Trust, 1307 Point Street Baltimore, MD 21231, and if to the Distributor, at 1307 Point Street Baltimore,

[SIGNATURE PAGE FOLLOWS]

Attest:	T. ROWE PRICE SPONSOR LLC on behalf of

T. ROWE PRICE ACTIVE CRYPTO ETF

/s/Cheryl L. Emory

Cheryl L. Emory, Assistant Secretary	/s/Francine Rosenberger

Francine Rosenberger, Vice President and Secretary

Attest:	T. ROWE PRICE INVESTMENT SERVICES, INC.

/s/Kathryn L. Reilly

Kathryn L. Reilly, Assistant Secretary	/s/William Presley

William Presley, Vice President