SEC Filing Document

Company: T. Rowe Price Active Crypto ETF
Ticker: 
CIK: 2089855
Filing Type: S-1/A
Document Type: EX-10.6
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/ex10-6.htm

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T.Rowe Price Active Crypto ETF S-1A

Exhibit 10.6

MASTER PURCHASE AND SALE AGREEMENT

FOR DIGITAL ASSETS

This MASTER PURCHASE AND SALE AGREEMENT FOR DIGITAL
ASSETS (this “Agreement”), is made and entered into as of this 16th day of April, 2026, by and between JSCT, LLC, a
Delaware limited liability company (“Jane Street”) and T. ROWE PRICE SPONSOR LLC, (“Sponsor”), acting
as agent and not in its individual capacity, on behalf of the applicable entity identified in Exhibit C. Each entity listed in
Exhibit C is hereby referred to as a “Counterparty”. Jane Street and each Counterparty are each a “Party”,
and collectively, the “Parties”, each Counterparty acting severally but not jointly.

The Parties acknowledge
and agree that this Agreement references multiple Counterparties (as identified in Exhibit C) but such references are for the administrative
convenience of both Jane Street and each Counterparty. As between Jane Street and a Counterparty, this Agreement shall be interpreted
to be a separate agreement between Jane Street and such Counterparty and not any other Counterparty or multiple Counterparties.

WHEREAS, the Parties desire to enter into
spot purchase or sale transactions in digital assets on a principal to principal basis (each such trade, a “Transaction”);

NOW THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

ARTICLE I.

SALE AND PURCHASE OF DIGITAL ASSETS

Section 1.1 Execution. The
Parties may execute Transactions under this Agreement (A) via a proprietary electronic order execution system for digital assets maintained
by Jane Street (“JCX”) or (B) directly via chat or other electronic or non-electronic communication (“Manual
Execution”).

(a)          JCX Execution. Immediate or Cancel Orders; Indications of Interest. If Counterparty desires to access JCX for purposes of
entering into a Transaction, then, following approval from Jane Street, from time to time during the Term of this Agreement, Counterparty
may place one or more (i) immediate or cancel orders (each, an “IOC”) for immediate execution on JCX, or (ii) indications
of interest (each, an “IOI”) that may be traded against Jane Street’s principal operations until such time that
the FIX session within which such IOI was placed is terminated (the “IOI Cutoff Time”).

(i)                Following receipt of an IOC, Jane Street may send Counterparty a status report, which shall acknowledge receipt of the IOC. If
Jane Street has not sent a status report within ten minutes following receipt of such IOC, such IOC shall be deemed to be rejected and
expired. If the status report relays a fill for an IOC, the terms of the Transaction in such status report shall become binding on both
Parties at the time sent.

(ii)               Following receipt of an IOI and prior to the IOI Cutoff Time, Jane Street may send Counterparty a status report, which shall acknowledge
receipt of the IOI. If Jane Street has not sent a status report prior to the IOI Cutoff Time, such IOI shall be deemed to be rejected
and expired. If the status report relays a fill for an IOI, the terms of the Transaction in such status report shall become binding on
both Parties at the time sent.

(b)         Manual
Execution. If the Parties desire to agree to the terms of a Transaction via Manual Execution, the terms of such Transaction shall
become binding on both Parties once agreed in writing. Upon such agreement, Jane Street will send Counterparty a confirmation substantially
in the form of Exhibit A (a “Confirmation”). Confirmations shall be deemed to be correct, absent manifest error.
The failure to send a Confirmation of the Transaction does not affect the validity of an agreed-upon Transaction.

Section 1.2 Settlement.

If the Parties
elect to settle a Transaction through an agreed third-party settlement agent (the “Settlement Agent”) and are able
to so settle, and settle timely, such Transaction, then only Section 1.2(a) shall apply in respect of the settlement of such Transaction;
otherwise, only the other provisions of this Section 1.2 shall apply. For purposes of this Agreement:

“Settlement Condition
Precedent” means the condition precedent to Jane Street initiating settlement of a Transaction that (1) if requested by Jane
Street, Counterparty or Sponsor has provided adequate assurance supported by reasonable evidence that Counterparty has sufficient assets
to timely settle such Transaction upon Jane Street’s settlement of the Transaction and (2) there has not occurred an Event of Default
or a potential Event of Default (i.e., an event that with the giving of notice or passage of time or both, would constitute an Event of
Default) in respect of Counterparty or Sponsor.

“Settlement Date”
means, unless otherwise agreed between the parties, (x) in relation to a Transaction in which Jane Street is the seller of the digital
assets, the Business Day on which a purchase order for the Counterparty’s shares (the “Purchase Order”) would
settle in accordance with the Counterparty’s creation procedures had the Transaction and the Purchase Order been executed on the
same day, and (y) in relation to a Transaction in which Jane Street is the purchaser of the digital assets, the Business Day on which
the related redemption order for the Counterparty’s shares (the “Redemption Order”) will settle in accordance
with the Counterparty’s redemption procedures had the Transaction and the Redemption Order been executed on the same day. Jane Street
and Counterparty agree to reasonably adjust the Settlement Date for any Transaction to account for network cool-down periods, blockchain
congestions or other conditions.

“Settlement Window”
means, unless otherwise agreed the period commencing at 8:00 am EST on the Settlement Date and ending on 5:00 pm EST on the Settlement
Date.

The Parties will initiate settlement of each Transaction through the Settlement Agent within the Settlement Window (as defined
above). Each Party shall follow the Settlement Agent’s requirements for settlement, including, in respect of depositing the appropriate
amount of assets to effectuate settlement through the Settlement Agent. As of the date of this Agreement, the Parties will not settle
Transactions through a Settlement Agent.

(b)         Transactions
executed via JCX will be settled at the intervals and at the time agreed in Exhibit B. Following the Settlement Cutoff Time
(as defined in Exhibit B), either party may send a calculation of all Transactions subject to settlement for the relevant settlement
period (“Calculation”).

(c)             Unless otherwise agreed, as promptly as reasonably possible (in light of operational limitations) following the commencement of
the Settlement Window but subject to the Settlement Condition Precedent, Jane Street shall initiate the transfer of digital assets or
cash, as applicable, to Counterparty’s wallet or account, as applicable, as provided by or on behalf of Counterparty. The delivery
will be complete once (1) in the case of digital assets, the transaction on the relevant blockchain is verified by the relevant number
of confirmations from such blockchain for the applicable digital asset as specified in the Confirmation or otherwise as mutually agreed
by the Parties , and the assets are available to Counterparty in its designated digital wallet or (2) in the case of cash, the cash is
available to Counterparty in its designated account (without regard to any restrictions imposed by the entity maintaining the applicable
digital or designated account for Counterparty). Counterparty acknowledges that Jane Street’s delivery may be delayed to any digital
wallets or accounts that have not been pre-cleared by Jane Street in advance.

(d)             Unless
otherwise agreed, promptly after receiving delivery in accordance with Section 1.2(c) (in light of operational limitations), Counterparty
shall initiate the transfer of digital assets or cash, as applicable, to Jane Street’s wallet or account, as applicable, as provided
by or on behalf of Jane Street; provided that such transfer shall be completed prior to the end of the Settlement Window. The delivery
will be complete once (1) in the case of digital assets, the transaction on the relevant blockchain is verified by the relevant number
of confirmations from such blockchain for the applicable digital asset as specified in the Confirmation or otherwise as mutually agreed
by the Parties, and the assets are available to Jane Street in its designated digital wallet or (2) in the case of cash, the cash is
available to Jane Street in its designated account (without regard to any restrictions imposed by the entity maintaining the applicable
digital or designated account for Jane Street). Once Counterparty’s delivery is complete, the Transaction is finally and irrevocably
settled.

Section 1.3 Transaction
Netting. Unless otherwise agreed, if the Parties enter into two or more outstanding Transactions with each other in a given Settlement
Window, then: (a) the Party obligated to deliver the greater amount of a given digital asset across any such Transactions will deliver
the net outstanding balance of such digital asset; and (b) the Party obligated to deliver the greater amount of cash across any such Transactions
will deliver the net outstanding balance of cash.