Common use of Number of Class A Shares Clause in Contracts

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120, LLC By: Name: Title: Chief Executive Officer Masterworks 120, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120114, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120114, LLC By: Name: Title: Chief Executive Officer Masterworks 120114, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120118, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120118, LLC By: Name: Title: Chief Executive Officer Masterworks 120118, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120111, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120111, LLC By: Name: Title: Chief Executive Officer Masterworks 120111, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120113, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120113, LLC By: Name: Title: Chief Executive Officer Masterworks 120113, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120123, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120123, LLC By: Name: Title: Chief Executive Officer Masterworks 120123, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120127, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120127, LLC By: Name: Title: Chief Executive Officer Masterworks 120127, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120119, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120119, LLC By: Name: Title: Chief Executive Officer Masterworks 120119, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120164, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120164, LLC By: Name: Title: Chief Executive Officer Masterworks 120164, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120117, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120117, LLC By: Name: Title: Chief Executive Officer Masterworks 120117, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120121, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120121, LLC By: Name: Title: Chief Executive Officer Masterworks 120121, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120124, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120124, LLC By: Name: Title: Chief Executive Officer Masterworks 120124, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120177, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120177, LLC By: Name: Title: Chief Executive Officer Masterworks 120177, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120179, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120179, LLC By: Name: Title: Chief Executive Officer Masterworks 120179, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A

Number of Class A Shares. (See *NOTE* below) SIGNATURE: [By clicking “I Agree” I, Subscriber, have executed this Agreement intending to be legally bound] (Signature of subscriber or authorized officer) MASTERWORKS 120122, LLC SUBSCRIPTION AGREEMENT SIGNATURE PAGE (This countersigned Signature Page will be returned to Subscriber when and if a subscription has been accepted immediately prior to the applicable closing) ACCEPTED AND AGREED TO: MASTERWORKS 120122, LLC By: Name: Title: Chief Executive Officer Masterworks 120122, LLC Attn: General Counsel 200 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (000) 000-0000 ANNEX A