Grayscale Litecoin Trust enters new Coinbase Prime Broker Agreement, conditional on NYSE Arca listing

Grayscale Litecoin Trust (LTC)

Executed Oct 3, 2025 with Coinbase Inc., Coinbase Custody, and Coinbase Credit; effective upon trust shares listing on NYSE Arca.
Trust's LTC held in Vault Balance (cold storage, segregated) and Settlement Balance (omnibus hot/cold wallets or Coinbase Connected Venues).
Custodian's max liability per cold storage address capped at $100M; total liability cap greater of asset value, 12-month fees, or $5M.
Sponsor pays annualized fee as percentage of monthly assets under custody plus monthly fee for creation/redemption of shares.
Previous custodian agreement terminated; risk factors updated in Exhibit 99.1, highlighting dependency on third-party service providers.

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