FORM OF AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS 002, LLC February [___], 2019Limited Liability Company Operating Agreement • February 11th, 2019 • Masterworks 002, LLC • Retail-retail stores, nec • Delaware
Contract Type FiledFebruary 11th, 2019 Company Industry JurisdictionThis Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 002, LLC, a Delaware limited liability company (the “Company”), is dated as of February [___], 201 9 , and is entered into by Masterworks Galley, LLC as its sole initial Member (the “Initial Member”).
FORM OF ENGAGEMENT LETTERMasterworks 002, LLC • February 11th, 2019 • Retail-retail stores, nec • New York
Company FiledFebruary 11th, 2019 Industry JurisdictionThis engagement letter (the “Agreement”) confirms the terms upon which Masterworks 002 , LLC (the “Client”) and Masterworks Administrative Services, LLC (“Masterworks”) engages SDDCO Brokerage Advisors LLC (“SDDco-BA” or “Financial Advisor”). SDDco-BA is engaged to act as the exclusive underwriter to the Client in connection with a Regulation A Offering (as defined below) of securities on behalf of Client (the “Potential Transaction”). Masterworks is engaged to act as a Platform Provider – providing a platform on which securities of the Client’s company may be sold.
FORM OF ADMINISTRATIVE SERVICES AGREEMENT Dated as of [DATE], 201 9Form of Administrative Services Agreement • February 11th, 2019 • Masterworks 002, LLC • Retail-retail stores, nec • New York
Contract Type FiledFebruary 11th, 2019 Company Industry JurisdictionThis 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 “ Administrator ”) and Masterworks 002, LLC, a Delaware limited liability company (the “Issuer”). The Administrator and the Issuer may be referred to herein individually as a “Party” and collectively as the “Parties.”