FORM OF AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS 021, LLC July [ ], 2020Limited Liability Company Operating Agreement • August 12th, 2020 • Masterworks 021, LLC • Retail-retail stores, nec • Delaware
This Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 021, LLC, a Delaware limited liability company (the “Company”), is dated as of July , 2020, and is entered into by Masterworks Gallery, LLC as its sole initial Member (the “Initial Member”).
