Masterworks Vault 11, LLC Sample Contracts

PLAN OF CONVERSION OF [NAME OF DE ENTITY] TO [SERIES LIMITED LIABILITY COMPANY NAME]
Plan of Conversion • April 23rd, 2026 • Masterworks Vault 11, LLC

This Plan of Conversion (this “Plan”) is entered into by and between [NAME OF DE Series LLC], a Delaware series limited liability company (the “Converting Entity”), which intends to convert (the “Conversion”) into [NAME OF TX Series LLC], a Texas series limited liability company (the “Converted Entity”) as of this ___ day of __________ , 2025.

Form Of Second Amended And Restated Limited Liability Company Operating Agreement Of Masterworks Vault [ ], LLC
Limited Liability Company Operating Agreement • April 23rd, 2026 • Masterworks Vault 11, LLC • Delaware

This Second Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks Vault [ ], LLC, a Delaware series limited liability company (the “Company”), is dated as of [_________], 2026, and is entered into by Masterworks Foundry, LLC as its sole initial Member (the “Initial Member”).