FORM OF ENGAGEMENT LETTER AND AGREEMENT AMONG BROKERS OF RECORDEngagement Letter and Agreement Among Brokers of Record • October 20th, 2022 • Masterworks 108, LLC • Retail-retail stores, nec • New York
This engagement letter and agreement among brokers of record (the “Agreement”) confirms the terms and conditions upon which Masterworks {{Entity Name}}, LLC, a Delaware limited liability company with an address at 225 Liberty St., 29th Floor, NY, NY 10281 (the “Client”) engages each of Independent Brokerage Solutions LLC (“IndieBrokers”) and Arete Wealth Management, LLC (“Arete” and, together with IndieBrokers, the “Brokers of Record” and each, a “Broker of Record”) to act as Brokers of Record for a Tier 2 offering of Class A shares of the Client (the “Securities”) pursuant to Regulation A, as amended, under Title IV of the Jumpstart Our Business Startups Act (“JOBS Act”) in one or more related transactions (the “Offering”). Compensation to the Brokers of Record payable hereunder shall be paid by Masterworks Investor Services, LLC (“Masterworks”), a Delaware limited liability company with an address at 225 Liberty Street, 29th Floor, NY, NY 10281 and an affiliate of the Client. Each of
