FORM OF SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF Masterworks 103, LLCLimited Liability Company Operating Agreement • February 23rd, 2022 • Masterworks 103, LLC • Retail-retail stores, nec • Delaware
This Second Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 103, LLC, LLC, a Delaware limited liability company (the “Company”), is dated as of February 23, 2022 and is entered into by Masterworks Gallery, LLC as its sole initial Member (the “Initial Member”).
