FORM OF AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS COLLECTION 001, LLCLimited Liability Company Operating Agreement • April 22nd, 2021 • Masterworks Collection 001, LLC • Retail-retail stores, nec • 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 • April 22nd, 2021 • Masterworks Collection 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 “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.”
