FORM OF ENGAGEMENT LETTERMasterworks Collection 001, LLC • January 12th, 2021 • New York
This engagement letter (the “Agreement”) confirms the terms upon which Masterworks Collection 001, LLC (the “Client;” “Masterworks Collection 001”) engages Independent Brokerage Solutions LLC (the “Financial Advisor;” “IndeBrokers”). IndeBrokers 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”).
FORM OF AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS COLLECTION 001, LLCLimited Liability • January 12th, 2021 • Masterworks Collection 001, LLC • Delaware
This Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks Collection 001, LLC, a Delaware limited liability company (the “Company”), is dated as of ______________, 2021, and is entered into by Masterworks Gallery, LLC as its sole initial Member (the “Initial Member”).
FORM OF ADMINISTRATIVE SERVICES AGREEMENT Dated as of , 2021Administrative Services Agreement • January 12th, 2021 • Masterworks Collection 001, LLC • 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 “Administrator”) and Masterworks Collection 001, LLC, a Delaware limited liability company (the “Issuer”). Each party hereto, including any party that is joined to this Agreement after the Effective Date, may be referred to herein individually as a “Party” and all parties may be referred to collectively as the “Parties.”
FORM OF MASTERWORKS INTERCOMPANY AGREEMENTForm of Masterworks Intercompany Agreement • January 12th, 2021 • Masterworks Collection 001, LLC • New York
This intercompany agreement (“Agreement”) is made effective as of [ ], 2021 (the “Effective Date”) by and between MASTERWORKS.IO, LLC (“IO”), MASTERWORKS GALLERY, LLC (“Masterworks Gallery” and, together with IO, “Masterworks”) and MASTERWORKS COLLECTION 001, LLC, a Delaware limited liability company (the “Company”), and is intended to set forth certain representations, covenants and agreements between Masterworks and the Company with respect to the offering (the “Offering”) for sale by the Company of its Class A ordinary membership interests (referred to herein as the “Shares”) as described in the Company’s Offering Circular dated as of the date of its qualification by the SEC, as amended by any post-qualification amendment (the “Offering Circular”). Capitalized terms used herein and not otherwise defined herein have the meaning ascribed to such terms in the Offering Circular. Masterworks and the Company may be referred to collectively herein as the “Parties”.
