FORM OF AMENDED AND RESTATED FINANCING, LICENSE AND SOURCING AGREEMENTFinancing, License and Sourcing Agreement • February 9th, 2024 • Masterworks Vault 1, LLC • Retail-retail stores, nec • New York
This amended and restated financing, license and sourcing agreement (“Agreement”) is made effective as of [ ], 2024 (the “Effective Date”) by and between MASTERWORKS, LLC (“Parent”), MASTERWORKS GALLERY, LLC (“Masterworks Gallery” and, together with Parent and its affiliates (excluding the Company), “Masterworks”) and MASTERWORKS VAULT [ ], LLC, a Delaware limited liability company (the “Company”), on behalf of its series, provided that as the context requires, the term “Company” as used herein may refer to a series of the Company or a segregated portfolio of Masterworks Cayman, SPC that holds title to the artwork of a series, and is intended to set forth certain representations, covenants and agreements between Masterworks and the Company with respect to each offering for sale by a series of 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,
