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

Chunk 10 of 18
Word Count: 1428
Character Count: 9333

Document Content:

annex, or schedule hereto, or any addendum, or any other document issued or delivered in connection with any transaction entered into under this Agreement, in each case unless otherwise provided in the relevant document or if any Agent Party is or becomes a Client under this Agreement; (e) Other than with respect to the Fees, under no circumstances shall the Agent or any Agent Party be in any way individually or personally liable under this Agreement and Anchorage shall look solely to the assets and property of the Client that are under management by Agent for performance of the Agreement or payment of any claim under the Agreement with respect to such Client; and (f) Agent acknowledges and agrees that the payment of Fees is the obligation of Agent as principal and Agent shall be liable to Anchorage for the failure to pay such fees when due under this Agreement.

6.6.	Anchorage Disclaimers . Except to the extent set forth in Sections 6.1 and 6.2, and otherwise
in this Agreement, THE SERVICES ARE PROVIDED “AS IS” AND “AS AVAILABLE,” WITHOUT WARRANTY OF ANY KIND, EITHER
EXPRESS OR IMPLIED. EXCEPT AS PROVIDED HEREIN, ANCHORAGE EXPLICITLY DISCLAIMS ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
PURPOSE, OR NON-INFRINGEMENT, AND ANY WARRANTIES ARISING OUT OF THE COURSE OF DEALING OR USAGE OF TRADE. The Parties further acknowledge
and agree that Anchorage has no obligation to inquire into, and shall not be liable for any damages or other liabilities or harm to any
person or entity relating to: (i) the authority of any Authorized Person to act on behalf of the Client with respect to a Digital Asset;
(ii) the accuracy or completeness of any Client Data or information provided by Client or any Authorized Person with respect to a Digital
Asset or Direction; or (iii) the collectability, insurability, or suitability of any Digital Asset.

6.7.	Prohibition Against Nested Transactions . Deposits or withdrawals of assets to or from Client's
Account shall be for Client's own benefit.

7.	Security Requirements; Personal Information.

7.1.	Security Requirements; Personal Information . Client and Anchorage hereby agree that the Data Processing
Addendum provided as Appendix 2 of Exhibit C to Addendum 1 below shall apply and is hereby incorporated into this Agreement. Anchorage
will comply with and cause its Representatives to comply with the terms and conditions set forth in Exhibit C, including the Data Processing
Addendum .

7.2.	Breach Notifications . Anchorage agrees to notify Client of: any Security Incident involving Client
Data or Client Digital Assets without undue delay and in any event within twenty-four (24) hours of becoming aware of the Security Incident.
Anchorage will also (i) provide Client with a summary regarding the Security Incident, if it impacts the Client

7.3.	Security Requirements. Anchorage shall, at its sole cost and expense, develop, implement and maintain
effective information security controls, practices, policies and procedures that include administrative, technical, organizational and
physical safeguards compliant with applicable Laws and consistent then-current industry standards to: (a) ensure the security of Client
Digital Assets and the security confidentiality of all Client Data; (b) protect against anticipated threats or hazards to the security
or integrity of Client Digital Assets or Client Data; (c) protect against accidental or unlawful destruction, loss, or alteration of Client
Digital Assets or Client Data and against unauthorized access or use of Client Digital Assets and Client Data; and (d) ensure the proper
disposal of Client Data. Further, Anchorage shall comply with any security, privacy and other requirements set forth in Exhibit C (Data
Privacy and Security Requirements) to Addendum 1 below which is hereby incorporated into this Agreement.

8.	Confidentiality.

8.1.	Use and Disclosure . Client and Anchorage each agree that in the course of performance of this Agreement,
it may be necessary for one Party (the “ Disclosing Party ”) to disclose or permit access to Confidential Information
to the other Party (the “ Receiving Party ”) and its Representatives.

8.2.	Confidential Treatment . Confidential Information disclosed to a Receiving Party will be held in
confidence by the Receiving Party. The Receiving Party: (a) will not disclose Confidential Information to any third party except as expressly
permitted under this Agreement or expressly authorized by the Disclosing Party in writing; and (b) will use the same degree of care to
protect the Disclosing Party’s Confidential Information as it uses to protect its own information of like nature, but in no circumstances
less than reasonable care.

8.3.	Permitted Disclosures . Notwithstanding anything to the contrary in this Section 8, Confidential
Information may be disclosed by a Receiving Party:

(a)	to its and its Affiliates’ Representatives, service providers (including Vendors) and professional
advisors, in each case who: (i) need to know the Confidential Information for the purpose of assisting in the performance of this Agreement
and who are informed of, and agree to be bound by obligations of confidentiality no less restrictive than those set forth herein; and
(ii) will protect such Confidential Information from unauthorized use and disclosure. Each Party shall use any Confidential Information
that it receives solely for purposes of (1) exercising its rights and performing its duties under the Agreement and (2) complying with
any applicable Laws; or

(b)	to the extent required by a court of competent jurisdiction or governmental authority, regulatory body
or otherwise required by applicable Law or the rules of any exchange; provided, however, the Receiving Party shall first make best efforts
notify the Disclosing Party (to the extent legally permissible) and shall afford the Disclosing Party a reasonable opportunity to seek
confidential treatment if it wishes to do so and will consider in good faith reasonable and timely requests for redaction.

8.4.	Retention of Confidential Information . All documents and other tangible objects containing or representing
Confidential Information and all copies or extracts thereof or notes derived therefrom that are in the possession or control of the Receiving
Party shall be and remain the property of the Disclosing Party and shall be promptly returned to the Disclosing Party or destroyed, each
upon the Disclosing Party’s request; provided, however, notwithstanding the foregoing, the Receiving Party may retain one (1) copy
of Confidential Information 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
this Section 8 shall continue to apply to all such retained information (including notwithstanding any termination of this Agreement).

8.5.	Other than as provided in this Section, a Party may not publicly identify Client as a customer or licensee
of Anchorage without the other Party’s prior written consent.

8.6.	Notwithstanding anything herein to the contrary, either Party may disclose the existence of this Agreement
to its investors and prospective investors. Additionally, notwithstanding anything herein to the contrary, Anchorage permits Client to
reference Anchorage (including a description of Anchorage and/or business, as obtained from publicly available information on Anchorage's
website or other public materials) as a service provider hereunder along with the existence and terms of this Agreement as may be required
under applicable Law, in its public disclosures contained in public filings. In addition, Client may file the Agreement as an exhibit
in public filings with the Securities and Exchange Commission, as may be required under applicable Law, provided that such information
may be redacted to remove pricing and other proprietary information in the Agreement as permitted under applicable Law.

8.7.	Holdings Data . Anchorage has policies in place to prevent Anchorage and its Personnel from using
any Holdings Data of Client to make any trading decisions, or to place any trades.

8.8.	Exception for Protection of Confidential Information . The Parties each agree that the protection
of Confidential Information is necessary and reasonable in order to protect the Disclosing Party and its business. The Parties each expressly
agree that monetary damages would be inadequate to compensate the Disclosing Party for any breach of its Confidential Information. Accordingly,
notwithstanding the provisions of Section 11, each Party agrees and acknowledges that any such violation or threatened violation would
cause irreparable injury to the Disclosing Party and that, in addition to any other remedies that may be available, in law, in equity,
under this Agreement, or otherwise, the Disclosing Party shall be entitled to obtain injunctive relief against the threatened breach or
continued breach by the Receiving Party, without the necessity of proving actual damages.

9.	Indemnification.

9.1.	Indemnification Obligation .