FORM OF AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS 004, LLC [Date]Limited Liability Company Operating Agreement • October 21st, 2019 • Masterworks 004, LLC • Delaware
This Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 004, LLC, a Delaware limited liability company (the “Company”), is dated as of [DATE], and is entered into by Masterworks Gallery, LLC as its sole initial Member (the “Initial Member”).
ENGAGEMENT LETTEREngagement Letter • October 21st, 2019 • Masterworks 004, LLC • New York
This engagement letter (the “Agreement”) confirms the terms upon which Masterworks 004, LLC (the “Client;” “Masterworks 004”) engages SDDco Brokerage Advisors LLC (the “Financial Advisor;” “SDDco-BA”). 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”).
