MASTER DISTRIBUTION AND MARKETING AGREEMENTMaster Distribution and Marketing Agreement • October 3rd, 2022 • Grayscale Digital Large Cap Fund LLC • Commodity contracts brokers & dealers • New York
MASTER DISTRIBUTION AND MARKETING AGREEMENT dated as of October 3, 2022 (this “Agreement”) among Grayscale Investments, LLC, a Delaware limited liability company (the “Sponsor”) the investment products sponsored or managed by the Sponsor listed on Schedule A hereto, as amended from time to time (each a “Product” and together the “Products”), and Grayscale Securities, LLC, a Delaware corporation (the “Distributor and Marketer”) (each, a “Party” and together, the “Parties”). This Agreement shall amend, restate and modify in its entirety that certain Master Distribution and Marketing Agreement entered into by the Distributor and Marketer, the Sponsor and certain of the Products on July 21, 2022.
MASTER PARTICIPANT AGREEMENTMaster Participant Agreement • October 3rd, 2022 • Grayscale Digital Large Cap Fund LLC • Commodity contracts brokers & dealers • New York
This Annex A to the Master Participant Agreement (the “Master Participant Agreement”) supplements the Master Participant Agreement, the Memorandum and each LLC Agreement (as defined below) with respect to the procedures (the “Procedures”) to be used in processing (1) Creation Orders for the creation of one or more Baskets (as defined below) (“Creation Order”) of any Fund listed on Schedule I of the Master Participant Agreement (each, a “Fund”) or (2) redemption orders for the redemption of one or more Baskets (“Redemption Order”) of any Fund. Shares of a Fund may be created or redeemed only in aggregations of 100 Shares (each such aggregation, a “Basket”) of such Fund. Because the creation and redemption of Baskets involve the transfer of digital assets between the Authorized Participant and a Fund, certain processes relating to the underlying transfers of digital assets are described below. If the Authorized Participant has designated a Liquidity Provider, then all references in these
