SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-10.7
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/ex10-7.htm

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Exchange”) is suspended or restricted, or the Listing Exchange is closed (other than scheduled weekend or holiday closings); (ii) during any period when the Sponsor determines that delivery, disposal or evaluation of the crypto asset is not reasonably practicable; (iii) during such other period as the Sponsor determines to be necessary for the protection of Shareholders; or (iv) as provided in the Prospectus. Neither the Transfer Agent, the Fund, Distributor, nor the Sponsor shall be liable to any person or liable in any way for any loss or damages that may result from any such rejection, suspension or postponement. 3. MARKETING MATERIALS AND REPRESENTATIONS (a) Representations and Warranties of Participant. The Participant represents and warrants that it will not make any representations concerning the Fund, Creation Units or Shares, other than those consistent with the Prospectus or any Marketing Materials (as defined below) furnished to the Participant by the Distributor.

The Participant agrees not to furnish, or
cause to be furnished by it or its employees, to any person, or to display or publish, any information or materials relating to a
Fund or the Shares, including, without limitation, promotional materials and sales literature, advertisements, press releases,
announcements, statements, posters, signs or other similar materials (“Marketing Materials”), unless (i) such Marketing
Materials: (a) are furnished to the Participant by the Distributor, or (b) if prepared by the Participant, are consistent in all
material respects with the Prospectus, and clearly indicate that such Marketing Materials are prepared and distributed by the
Participant, and (ii) Participant and such Marketing Materials comply with applicable FINRA rules and regulations. The Participant
shall file all such Marketing Materials that it prepares with FINRA to the extent required by applicable laws, rules or regulations.
Marketing Materials shall not include (i) written materials of any kind that generally mention a Fund without recommending the Fund
(including in connection with a list of products sold through Participant or in the context of asset allocations), (ii) materials
prepared and used for the Participant’s internal use only, (iii) brokerage communications, including correspondence and
institutional communications, as defined under FINRA rules, prepared by the Participant in the normal course of its business, and
(iv) research reports; provided, however, that any such materials prepared by Participant comply with applicable FINRA rules and
regulations and other applicable laws, rules and regulations. The Participant represents, warrants, and agrees that it will not make
any representations concerning Shares that are inconsistent with the Fund’s then-current Prospectus in any materials not
defined as Marketing Materials. The Participant acknowledges that the Sponsor, Distributor, and the Transfer Agent may disclose that
the Participant is acting as an authorized participant with respect to the Fund’s Shares and has entered into this
Agreement.

(b)        Certain
Covenants of the Sponsor and Distributor. The Sponsor and Distributor represent and warrant that (i) the Prospectus is effective,
no stop order of the SEC with respect thereto has been issued, no proceedings for such purpose have been instituted or, to its knowledge,
are being contemplated; (ii) the Prospectus conforms in all material respects to the requirements of all applicable laws, and the rules
and regulations of the SEC thereunder and does not contain an untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading;
(iii) the Shares, when issued and delivered against payment of consideration thereof, as provided in this Agreement, will be duly and
validly authorized, issued, fully paid and non-assessable and free of statutory and contractual preemptive rights, rights of first refusal
and similar rights; (iv) no consent, approval, authorization, order, registration or qualification of or with any court or governmental
agency or body is required for the issuance and sale of the Shares, except the registration of the Shares under the 1933 Act; (v) Shares
will, at all times this Agreement is in effect, be approved for listing on a national exchange; and (vi) any and all Marketing Materials
prepared by the Fund or Distributor and provided to the Participant in connection with the offer and sale of Shares shall comply with
applicable law, including without limitation, the provisions of the 1933 Act and the rules and regulations thereunder and applicable FINRA
rules and regulations, and will not contain any untrue statement of a material fact related to a Fund or the Shares or omit to state therein
a material fact required to be stated therein or necessary to make the statements therein not misleading.

Identification of Participant in Fund Materials. For as long as this Agreement is
effective, the Participant agrees to be identified solely as an authorized participant of the Fund, and not as an underwriter,
(i) in any section of the Prospectus included within the Registration Statement and (ii) on the Fund’s website.

4.	TITLE TO DEPOSIT ASSETS

The Participant represents
and warrants on behalf of itself and any Participant Client that the Fund will acquire good and unencumbered title of Deposit Assets in
connection with a Purchase Order, at the time of delivery, free and clear of all liens, restrictions, charges and encumbrances, and not
be subject to any adverse claims, including without limitation, any restriction upon the sale or transfer of such assets imposed by any
agreement or arrangement entered into by the Participant or any party for which it is acting in connection with a Purchase Order (including,
but not limited to, any repurchase agreement or lending or borrowing agreement).

5.	CASH COMPONENT

The Participant hereby agrees
that, in connection with a Purchase Order, whether for itself or any Participant Client, it will make available and be received by the
Fund on or before the contractual settlement date, by means satisfactory to the Fund, and in accordance with the provisions of the Prospectus,
or as otherwise communicated to Participant from time to time, immediately available or same day funds estimated by the Fund to be sufficient
to pay the cash component as determined by the Fund, together with the applicable Transaction Fees. Any excess funds will be returned
following settlement of the Purchase Order. The Participant agrees to ensure that the cash component will be received by the Fund in accordance
with the terms of the Prospectus, or as otherwise communicated to Participant from time to time, but in any event on or before the contractual
settlement date. In the event payment of such cash component has not been made in accordance with the provisions of the Prospectus, or
as otherwise communicated to Participant from time to time, or by such contractual settlement date, the Participant agrees on behalf of
itself and any Participant Client in connection with a Purchase Order to pay the amount of the cash component, plus interest, computed
at such reasonable rate as may be specified by the Fund from time to time. The Participant shall be liable to any custodian, any sub-custodian
or the Fund for any amounts advanced by the custodian or any sub-custodian in its sole discretion to the Participant for payment of the
amounts due and owing for the cash component, and neither any custodian nor any sub-custodian shall be under any obligation to advance
any such amounts. Computation of the cash component shall exclude any Taxes, duties or other fees and expenses payable upon the transfer
of beneficial ownership of the Deposit Assets, which shall be the sole responsibility of the Participant and not the Sponsor, Fund, Distributor,
nor the Transfer Agent. The Sponsor, Distributor, and Transfer Agent reserve the right to revoke acceptance of any Purchase Order in the
event payment of the cash component has not been made by such contractual settlement date.

6.	PAYMENT OF CERTAIN FEES AND TAXES

(a)       Transaction
Fees. In connection with Orders, the Participant agrees to pay the Transaction Fees, which means any variable fees, fixed transaction
fees, “gas” fees, and other charges, applicable to the transaction as determined by the Fund, as described in the Prospectus.
The Fund reserves the right to adjust any Transaction Fee subject to any limitations in the Prospectus.