SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-10.3
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/ex10-3.htm

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: Upon receipt of written notice from Client of any event that constitutes Cause, if Anchorage fails to exercise any of its rights and remedies above, except those listed in Section 4.2(d), for a period of sixty (60) days following the receipt of such notice requesting a waiver, then Anchorage shall have waived its right to terminate the Agreement or exercise any other rights or remedies by reason of such event and such event shall be deemed to have been cured regardless of whether it continues after such waiver; provided however that this provision: (i) does not limit Anchorage’s right to take any actions with respect to an event that constitutes Anchorage Cause as the result of the separate occurrence of such event or the occurrence of any other such event; and (ii) shall not apply to any Bankruptcy Event. 4.3. Termination by Client for an Anchorage Termination Event :

(a)	Anchorage Termination Event : Regardless of any other provision of this Agreement, upon the occurrence
and continuance of an Anchorage Termination Event (unless, with respect to a non-continuing event that constitutes an Anchorage Termination
Event, Client has already commenced exercising its rights under this Section or has otherwise notified Anchorage that it will promptly
do so, in each case while such event is continuing) and after giving effect to any notice requirement and cure period that may apply,
Client may, in its reasonable discretion, take any of the following actions: (i) terminate, in whole or in part, the Agreement and (at
its discretion) accelerate any or all of Anchorage’s obligations hereunder (provided that acceleration of any payment or performance
obligations will not apply to any obligations that would violate Law, regulatory directives, or security requirements); (ii) require Anchorage
to immediately (1) cease taking new deposits or processing new withdrawals; and/or (2) cancel outstanding withdrawals or deposits (including
those that have been submitted or are in the process of being fulfilled); (iii) make a written demand on Anchorage for the return of all
Client assets, including Client Digital Assets and fiat currency (subject to applicable Law, sanctions, and any security or operational
constraints necessary to ensure a secure transfer); (iv) seek Specific Performance with respect to any obligations hereunder; (v) with
respect to a Bankruptcy Event, or an Anchorage Termination Event, exercise its right of set-off hereunder; and (vi) determine its claim
against Anchorage using the Benchmark Valuation and seek payment thereof. In addition, Client’s payment obligations under the Agreement
shall be suspended upon the occurrence and during the continuance of an Anchorage Termination Event.

(b)	Prior notice : If an Anchorage Termination Event occurs and Client elects to exercise its remedies
hereunder against Anchorage, Client will notify Anchorage in writing prior to exercising such remedies, unless a court order, the legally
binding order of a governmental body or other regulatory or supervisory authority or other legal or regulatory process prohibits Client
from providing Anchorage with such notice.

(c)	No waiver : Notwithstanding anything herein to the contrary, all rights granted hereby shall be
without prejudice to any right to which Client is at any time is otherwise entitled (whether by operation of law, contract or otherwise)
and, other than as specifically provided herein, no delay or omission by Client in exercising any right or remedy hereunder shall operate
as a waiver of the future exercise of that right or remedy or of any other rights or remedies hereunder. In the event Client exercises
its remedies hereunder, Anchorage shall, upon demand, pay to Client all documented and reasonable costs and expenses incurred by Client
in connection with the enforcement of its rights hereunder.

4.4.	Termination for Convenience . Client may terminate this Agreement in whole or in part for any reason
by providing at least thirty (30) days’ prior written notice to Anchorage.

4.5.	Transition Services: Notwithstanding any termination of the Agreement for Cause or convenience,
during any Transition Period, Anchorage shall continue to provide the Transition Services and render such assistance as the Client or
its affiliates may reasonably request to enable the continuation and orderly assumption of the Transition Services to be effected by the
Client, an affiliate of the Client or any alternative service provider and shall continue to provide the Transition Services pursuant
to the Agreement, except to the extent any Transition Service is prohibited under applicable Law (including but not limited to applicable
sanctions programs) or by a facially valid subpoena, court order, or binding order of a government authority.

4.6.	Effect of Termination Notice . Upon termination of this Agreement, Client will pay Anchorage all
Fees, as provided in the Order Form, and documented expenses permitted by this Agreement, if any, in each case for those Services rendered
to Client through the effective date of termination of this Agreement.

4.7.	Other Obligations and Rights on Termination .

(a)	Digital Assets . A Digital Asset will be deemed to have been returned to Client when: receipt of
the Digital Asset at Client's designated destination address has been confirmed on the relevant Blockchain

(b)	Confidential Information and Client Data . At the Disclosing Party’s written request, the
Receiving Party will return or destroy any or all of the Disclosing Party’s Confidential Information. In addition, upon Client’s
written request, Anchorage will promptly return or destroy all Client Data. Notwithstanding the foregoing, the Receiving Party may retain
a copy of Confidential Information and Client Data to the extent: (i) required for audit, legal, accounting, or compliance purposes or
pursuant to the Receiving Party’s internal document retention policy; (ii) included within unstructured backup files or that technically
cannot be deleted; (iii) licensed pursuant to Section 3.3; (iv) required by applicable Laws; or (v) as otherwise permitted by this Agreement,
provided that Section 8 shall continue to apply to all such retained information, notwithstanding termination of this Agreement.

5.	Fees and Taxes.

5.1.	Fees . Client will pay Anchorage the Fees for the Services as set forth in the Order Form or as
otherwise agreed in a signed writing between the Parties. Upon termination, Client shall be responsible for payment of any Fees accrued
until the Client transfers all of Client’s assets out of Client’s Account, or until the assets are abandoned and forfeited.

5.2.	Invoices; Payment Terms . Anchorage will submit invoices for the Services as set forth in the Order
Form. Except as otherwise set forth in the Order Form, Client agrees to pay all undisputed invoices net thirty (30) days following receipt
of the invoice by the Client. If Client reasonably disputes any portion of an invoice, Client agrees, within the foregoing 30-day period,
to: (i) pay the undisputed amounts; and (ii) provide a detailed explanation with all supporting documentation of the basis for its dispute.
The first invoice will be sent after the end of the calendar month including the Fees Commencement Date, unless otherwise agreed in writing
by the Parties.

5.3.	Taxes. The Fees do not include all taxes, assessments, duties, and other governmental and similar
charges (“ Taxes ”) that may be assessed on Client or Client’s assets by governmental authorities, which are Client’s
sole obligation to remit unless otherwise mandated by Law. Client shall be liable for all Taxes relating to any Digital Assets held on
behalf of Client or any transaction related thereto. Client shall remit to Anchorage for the amount of any Tax that Anchorage is required
under applicable Laws (whether by assessment or otherwise) to pay on behalf of, or in respect of activity in the Account of, Client. In
the event that Anchorage is required under applicable Law to pay any Tax on behalf of Client, Anchorage shall promptly notify Client of
the amount required and Client shall promptly transfer to Anchorage the amount necessary to pay the Tax. Anchorage agrees that the Client
may withhold or deduct Taxes as may be required by applicable Law. Anchorage agrees that the Client may withhold or deduct Taxes from
any payment of Fees to Anchorage as may be required by applicable Law and as documented by Client to Anchorage, and any such amounts so
withheld or deducted shall be treated as having been paid to Anchorage. For
the avoidance of doubt, Anchorage shall be liable for any and all Taxes on any and all income or gross receipts it receives from Client.