CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED AND REPLACED WITH “[***]”. SUCH IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS (I) NOT MATERIAL AND ART PURCHASE AGREEMENTArt Purchase Agreement • October 6th, 2021 • Masterworks 079, LLC • Retail-retail stores, nec • New York
THIS PURCHASE AGREEMENT (“Agreement”) is made and entered into this 29th day of September, 2021 (the “Effective Date”), by and between [***], with an address at [***] (“Owner”), and Masterworks Gallery, LLC, with an address at 53 Beach Street, New York, New York 10013 (“Agent”). Owner is acting on behalf of himself and is the sole legal and beneficial owner of the work of art described on Exhibit B attached hereto and incorporated herein by this reference (the “Work”). Agent is acting as agent on behalf of Masterworks Cayman SPC, on behalf of its 079 Segregated Portfolio (“Buyer”), and has the authority to buy the Work on behalf of Buyer. Owner has agreed to sell the Work to Buyer, and Agent, on behalf of Buyer, has agreed to buy the Work from Owner on the terms and conditions set forth in this Agreement. In consideration of the mutual promises contained in this Agreement, the parties agree as follows:
