0001493152-18-010739 Sample Contracts

AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF
Limited Liability Company Operating Agreement • July 31st, 2018 • Masterworks 001, LLC • Retail-retail stores, nec • Delaware

This Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 001, LLC, a Delaware limited liability company (the “Company”), is dated as of May [___], 2018, and is entered into by Masterworks Galley, LLC as its sole initial Member (the “Initial Member”).

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aRT purchase agreement By and between: MASTERWORKS GALLERY, LLC and MASTERWORKS 001, LLC
Art Purchase Agreement • July 31st, 2018 • Masterworks 001, LLC • Retail-retail stores, nec • Delaware

This Art Purchase Agreement is entered into as of the date first set forth above (the “Effective Date”) by and between Masterworks Gallery, LLC, a Delaware limited liability company (“Seller”) and Masterworks 001, LLC, a Delaware limited liability company (“Buyer”). Each of Buyer and Seller may be referred to herein as a “Party” and collectively as the “Parties.”

FORM OF ADMINISTRATIVE SERVICES AGREEMENT Dated as of [DATE], 2018
Administrative Services Agreement • July 31st, 2018 • Masterworks 001, LLC • Retail-retail stores, nec • New York

This Administrative Services Agreement (this “Agreement”), dated as of the date first set forth above (the “Effective Date”) is entered into by and between Masterworks Administrative Services, LLC, a Delaware limited liability company (the “Manager”) and Masterworks 001, LLC, a Delaware limited liability company (the “Issuer”). The Manager and the Issuer may be referred to herein individually as a “Party” and collectively as the “Parties.”

LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS 001, LLC
Operating Agreement • July 31st, 2018 • Masterworks 001, LLC • Retail-retail stores, nec • Delaware

This Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 001, LLC, a Delaware limited liability company (the “Company”), is executed this 8th day of June 2018, effective as of March 28, 2018, and is entered into by Masterworks Galley, LLC as its sole initial Member (the “Member”).

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