JOINDERManagement Services Agreement • August 31st, 2023 • Masterworks Vault 1, LLC • Retail-retail stores, nec
WHEREAS, [Masterworks Vault [ ], LLC, on behalf of its Series [*] / Masterworks Cayman, SPC, on behalf of its [*] Segregated Portfolio] (the “Joining Party”) wishes to become a party to that certain Management Services Agreement, dated [ ], by and among Masterworks Administrative Services, LLC, a Delaware limited liability company, Masterworks Vault [ ], LLC, a Delaware series limited liability company, on behalf of its series, Masterworks Cayman, SPC, a Cayman Islands segregated portfolio company, on behalf of its segregated portfolios and the other parties thereto (the “Agreement”), and to avail itself of the Services (as defined in the Agreement) pursuant to the terms and conditions of the Agreement.
Form of Amended and Restated Series Designation Amended and Restated Series Designation of [Series Name], a series of Masterworks Vault 1, LLCSeries Designation • August 31st, 2023 • Masterworks Vault 1, LLC • Retail-retail stores, nec
In accordance with the Amended and Restated Limited Liability Company Agreement of Masterworks Vault 1, LLC, a Delaware series limited liability company (the “Company”), dated [______] (as amended, the “Agreement”) and upon the execution of this Amended and Restated Series Designation by Masterworks Foundry, LLC, the sole member of series [ ] of the Company (“Series [___]”) as of the date hereof and by the Board of the Company , this Series Designation shall be attached to, and deemed incorporated in its entirety into, the Agreement as the “[Series Name] A&R Designation Exhibit.” In addition, as of the Effective Date of Establishment, Masterworks Foundry, LLC has issued 1,000 Class B Ordinary Shares of Series [ ], representing 100% of the membership interests in such series as of such date, in return for a capital contribution to such series of $100.
