0001193125-26-327131 Sample Contracts

Certain confidential information contained in this document, marked by [***], has been omitted because the registrant has determined that the information (i) is not material and (ii) is the type that the registrant treats as private or confidential....
Transfer Agency and Service Agreement • July 31st, 2026 • Grayscale Zcash Trust (ZEC) • Commodity contracts brokers & dealers

THIS AGREEMENT is made as of the 9th day of October, 2025, by and between each entity listed on Appendix I hereto, separately and not jointly (each, individually, a “Trust”) and THE BANK OF NEW YORK MELLON, a New York corporation authorized to do a banking business having its principal office and place of business at 240 Greenwich Street, New York, New York 10286 (the “Bank”).

AMENDMENT no. 2 TO Fund Administration and Accounting agreement
Fund Administration and Accounting Agreement • July 31st, 2026 • Grayscale Zcash Trust (ZEC) • Commodity contracts brokers & dealers

This AMENDMENT (“Amendment”) is made and entered into, as of the latest date on the signature page hereto (the “Effective Date”), by and between each entity listed on Exhibit A attached hereto (each, a “Trust”, and collectively the “Trusts” as applicable), separately and not jointly, and The bank of new york mellon (“BNY”). BNY and the Trusts are collectively referred to as the “Parties” and individually as a “Party”.

MASTER SERVICES AGREEMENT
Master Services Agreement • July 31st, 2026 • Grayscale Zcash Trust (ZEC) • Commodity contracts brokers & dealers • Delaware

THIS MASTER SERVICES AGREEMENT (“Agreement”) is made as of the latest date set forth on the signature page hereto (the “Effective Date”) by and between Coin Metrics Inc., a Delaware corporation (“CM”) and Grayscale Investments, LLC. Customer and CM are individually hereinafter referred to as a “Party” and collectively as the “Parties”. This Agreement incorporates by reference the Order Forms issued hereunder.

Certain confidential information contained in this document, marked by [***], has been omitted because the registrant has determined that the information (i) is not material and (ii) is the type that the registrant treats as private or confidential....
Fund Administration and Accounting Agreement • July 31st, 2026 • Grayscale Zcash Trust (ZEC) • Commodity contracts brokers & dealers • New York

THIS AGREEMENT is made as of October 9, 2025, by and between each entity listed on Exhibit A attached hereto (each a “Trust”, and collectively the “Trusts” as applicable), separately and not jointly, and The Bank of New York Mellon, a New York corporation authorized to do a banking business (“BNY”).

AMENDMENT No. 2 TO Transfer agency and service agreement
Transfer Agency and Service Agreement • July 31st, 2026 • Grayscale Zcash Trust (ZEC) • Commodity contracts brokers & dealers

This AMENDMENT (“Amendment”) is made and entered into, as of the latest date on the signature page hereto (the “Effective Date”), by and between each entity listed on Appendix I hereto, separately and not jointly (each, individually, a “Trust”) and THE BANK OF NEW YORK MELLON (“BNY”). BNY and the Trusts are collectively referred to as the “Parties” and individually as a “Party”.

LIQUIDITY PROVIDER AGREEMENT
Liquidity Provider Agreement • July 31st, 2026 • Grayscale Zcash Trust (ZEC) • Commodity contracts brokers & dealers • New York

LIQUIDITY PROVIDER AGREEMENT (this “Agreement”) dated as of [ ], among: (i) [ ] (the “Liquidity Provider”); (ii) Grayscale Investments Sponsors, LLC, except as otherwise specified herein, acting in its capacity as sponsor or manager (the “Sponsor”) of each trust listed on Schedule I attached hereto, as the same may be amended from time to time by the Sponsor (each, the applicable “Trust” or “Product” when referred to throughout the remainder of this Agreement) created under Delaware law pursuant to its applicable declaration of trust and trust agreement listed on Schedule I attached hereto between CSC Delaware Trust Company acting in its capacity as Trustee (the “Trustee”) and the Sponsor (each, the applicable “Trust Agreement” when referred to throughout the remainder of this Agreement), or is a Cayman Islands limited liability company created pursuant to a limited liability company agreement between the Sponsor and the shareholders of such Product (the “LLC Agreement”) and in its cap

AUTHORIZED PARTICIPANT AGREEMENT
Authorized Participant Agreement • July 31st, 2026 • Grayscale Zcash Trust (ZEC) • Commodity contracts brokers & dealers • New York

The undersigned does hereby certify that the persons listed above have been duly authorized to act as Authorized Representatives pursuant to the Authorized Participant Agreement.