Grayscale Livepeer Trust (LPT) is a statutory trust. The Trust holds Livepeer Token (LPT) and, from time to time on a periodic basis, issues Creation Baskets in exchange for deposits of LPT. Its investment objective is for the value of the shares to reflect the value of LPT held by the Trust, determined by reference to the reference rate price, less the Trust's expenses and other liabilities. Its activities are issuing Baskets in exchange for LPT transferred to the Trust as consideration in connection with the creations; transferring or selling LPT, Incidental Rights and IR Virtual Currency as necessary to cover the Sponsor's Fee and/or any Additional Trust Expenses; transferring LPT in exchange for Baskets surrendered for redemption; causing the Sponsor to sell LPT, Incidental Rights and IR Virtual Currency on the termination of the Trust, the Custodian Agreement, the Reference Rate License Agreement and the Participant Agreements. Its sponsor is Grayscale Investments Sponsors, LLC.