Common use of No Management or Control Clause in Contracts

No Management or Control. Limited Liability; Exercise of Rights through an Authorized Participant 26 SECTION 7.2 Rights and Duties 26 SECTION 7.3 Limitation of Liability 27 SECTION 7.4 Derivative Actions 27 SECTION 7.5 Appointment of Agents 28 SECTION 7.6 Business of Shareholders 28 SECTION 7.7 Authorization of Prospectus 28 ARTICLE VIII BOOKS OF ACCOUNT AND REPORTS 28 SECTION 8.1 Books of Account 28 SECTION 8.2 Annual Updates, Quarterly Updates and Account Statements 29 SECTION 8.3 Tax Information 29 SECTION 8.4 Calculation of Ether Holdings 29 SECTION 8.5 Maintenance of Records 29 ARTICLE IX FISCAL YEAR 30 SECTION 9.1 Fiscal Year 30 ARTICLE X AMENDMENT OF TRUST AGREEMENT; MEETINGS 30 SECTION 10.1 Amendments to the Trust Agreement 30 SECTION 10.2 Meetings of the Trust 31 SECTION 10.3 Action Without a Meeting 31 ARTICLE XI TERM 31 SECTION 11.1 Term 31 ARTICLE XII TERMINATION 32 SECTION 12.1 Events Requiring Dissolution of the Trust 32 SECTION 12.2 Distributions on Dissolution 33 SECTION 12.3 Termination; Certificate of Cancellation 33 ARTICLE XIII MISCELLANEOUS 34 SECTION 13.1 Governing Law 34 SECTION 13.2 Provisions In Conflict With Law or Regulations 34 SECTION 13.3 Merger and Consolidation 35 SECTION 13.4 Construction 35 SECTION 13.5 Notices 35 SECTION 13.6 Counterparts; Electronic Signatures 36 SECTION 13.7 Binding Nature of Trust Agreement 36 SECTION 13.8 No Legal Title to Trust Estate 36 SECTION 13.9 Creditors 36 SECTION 13.10 Integration 36 SECTION 13.11 Goodwill; Use of Name 36 SECTION 13.12 Patriot Act Compliance 37 SECTION 13.13 Corporate Transparency Act 37 EXHIBIT A — Form of Certificate of Trust of Fidelity Ethereum Fund This SECOND AMENDED AND RESTATED TRUST AGREEMENT of FIDELITY ETHEREUM FUND is made and entered into as of July 21, 2025 (“Trust Agreement”), by and among FD Funds Management LLC, a Delaware limited liability company (“Sponsor”), CSC Delaware Trust Company, a Delaware corporation, as trustee (“Trustee”), and the SHAREHOLDERS from time to time hereunder.

Appears in 1 contract

Sources: Trust Agreement (Fidelity Ethereum Fund)

No Management or Control. Limited Liability; Exercise of Rights through an Authorized Participant 26 30 SECTION 7.2 Rights and Duties 26 30 SECTION 7.3 Limitation of Liability 27 31 SECTION 7.4 Derivative Actions 27 31 SECTION 7.5 Appointment of Agents 28 32 SECTION 7.6 Business of Shareholders 28 32 SECTION 7.7 Authorization of Prospectus 28 32 ARTICLE VIII BOOKS OF ACCOUNT AND REPORTS 28 33 SECTION 8.1 Books of Account 28 33 SECTION 8.2 Annual Updates, Quarterly Updates and Account Statements 29 33 SECTION 8.3 Tax Information 29 33 SECTION 8.4 Calculation of Ether Litecoin Holdings 29 34 SECTION 8.5 Maintenance of Records 29 34 ARTICLE IX FISCAL YEAR 30 34 SECTION 9.1 Fiscal Year 30 34 ARTICLE X AMENDMENT OF TRUST AGREEMENT; MEETINGS 30 34 SECTION 10.1 Amendments to the Trust Agreement 30 34 SECTION 10.2 Meetings of the Trust 31 35 SECTION 10.3 Action Without a Meeting 31 36 ARTICLE XI TERM 31 36 SECTION 11.1 Term 31 36 ARTICLE XII TERMINATION 32 36 SECTION 12.1 Events Requiring Dissolution of the Trust 32 36 SECTION 12.2 Distributions on Dissolution 33 38 SECTION 12.3 Termination; Certificate of Cancellation 33 38 ARTICLE XIII MISCELLANEOUS 34 39 SECTION 13.1 Governing Law 34 39 SECTION 13.2 Provisions In Conflict With Law or Regulations 34 39 SECTION 13.3 Merger and Consolidation 35 40 SECTION 13.4 Construction 35 40 SECTION 13.5 Notices 35 40 SECTION 13.6 Counterparts; Electronic Signatures 36 41 SECTION 13.7 Binding Nature of Trust Agreement 36 41 SECTION 13.8 No Legal Title to Trust Estate 36 42 SECTION 13.9 Creditors 36 42 SECTION 13.10 Integration 36 42 SECTION 13.11 Goodwill; Use of Name 36 42 SECTION 13.12 Patriot Act Compliance 37 42 SECTION 13.13 Corporate Transparency Act 37 42 EXHIBIT A — Form of Certificate of Trust of Fidelity Ethereum Fund Canary Litecoin ETF This SECOND FIRST AMENDED AND RESTATED TRUST AGREEMENT of FIDELITY ETHEREUM FUND CANARY LITECOIN ETF is made and entered into as of July 21October 6, 2025 (“Trust Agreement”), by and among FD Funds Management Canary Capital Group LLC, a Delaware limited liability company (“Sponsor”), CSC Delaware Trust Company, a Delaware corporation, as trustee (“Trustee”), and the SHAREHOLDERS Shareholders from time to time hereunder.

Appears in 1 contract

Sources: Trust Agreement (Canary Litecoin ETF)

No Management or Control. Limited Liability; Exercise of Rights through an Authorized Participant 26 30 SECTION 7.2 Rights and Duties 26 30 SECTION 7.3 Limitation of Liability 27 31 SECTION 7.4 Derivative Actions 27 31 SECTION 7.5 Appointment of Agents 28 32 SECTION 7.6 Business of Shareholders 28 32 SECTION 7.7 Authorization of Prospectus 28 32 ARTICLE VIII BOOKS OF ACCOUNT AND REPORTS 28 33 SECTION 8.1 Books of Account 28 33 SECTION 8.2 Annual Updates, Quarterly Updates and Account Statements 29 33 SECTION 8.3 Tax Information 29 33 SECTION 8.4 Calculation of Ether SOL Holdings 29 34 SECTION 8.5 Maintenance of Records 29 34 ARTICLE IX FISCAL YEAR 30 34 SECTION 9.1 Fiscal Year 30 34 ARTICLE X AMENDMENT OF TRUST AGREEMENT; MEETINGS 30 34 SECTION 10.1 Amendments to the Trust Agreement 30 34 SECTION 10.2 Meetings of the Trust 31 35 SECTION 10.3 Action Without a Meeting 31 36 ARTICLE XI TERM 31 36 SECTION 11.1 Term 31 36 ARTICLE XII TERMINATION 32 36 SECTION 12.1 Events Requiring Dissolution of the Trust 32 36 SECTION 12.2 Distributions on Dissolution 33 38 SECTION 12.3 Termination; Certificate of Cancellation 33 38 ARTICLE XIII MISCELLANEOUS 34 39 SECTION 13.1 Governing Law 34 39 SECTION 13.2 Provisions In Conflict With Law or Regulations 34 39 SECTION 13.3 Merger and Consolidation 35 40 SECTION 13.4 Construction 35 40 SECTION 13.5 Notices 35 40 SECTION 13.6 Counterparts; Electronic Signatures 36 41 SECTION 13.7 Binding Nature of Trust Agreement 36 41 SECTION 13.8 No Legal Title to Trust Estate 36 41 SECTION 13.9 Creditors 36 41 SECTION 13.10 Integration 36 42 SECTION 13.11 Goodwill; Use of Name 36 42 SECTION 13.12 Patriot Act Compliance 37 42 SECTION 13.13 Corporate Transparency Act 37 42 EXHIBIT A — Form of Certificate of Trust of Fidelity Ethereum Fund Canary Marinade Solana ETF This SECOND FIRST AMENDED AND RESTATED TRUST AGREEMENT of FIDELITY ETHEREUM FUND CANARY MARINADE SOLANA ETF is made and entered into as of July 21October 9, 2025 (“Trust Agreement”), by and among FD Funds Management Canary Capital Group LLC, a Delaware limited liability company (“Sponsor”), CSC Delaware Trust Company, a Delaware corporation, as trustee (“Trustee”), and the SHAREHOLDERS from time to time hereunder.

Appears in 1 contract

Sources: Trust Agreement (Canary Marinade Solana ETF)