FORM OF SUBSCRIPTION AGREEMENT SERIES [*], A SERIES OF MASTERWORKS VAULT [ ], LLC NOTICE TO INVESTORSSubscription Agreement • April 23rd, 2026 • Masterworks Vault 15, LLC • New York
Contract Type FiledApril 23rd, 2026 Company JurisdictionInvesting in membership interests represented by Class A ordinary shares (“Shares”) of Series [*] (the “Series”), a series of Masterworks Vault [ ], LLC (the “Company”) involves significant risks. This investment is suitable only for persons who can afford to lose their entire investment and such investment could be illiquid for an indefinite period of time. No public market currently exists for the Shares, and if a public market develops following this offering (the “Offering”), it may not continue.
FORM OF SUBSCRIPTION AGREEMENT SERIES [*], A SERIES OF MASTERWORKS VAULT [ ], LLC NOTICE TO INVESTORSSubscription Agreement • April 23rd, 2026 • Masterworks Vault 16, LLC • New York
Contract Type FiledApril 23rd, 2026 Company JurisdictionInvesting in membership interests represented by Class A ordinary shares (“Shares”) of Series [*] (the “Series”), a series of Masterworks Vault [ ], LLC (the “Company”) involves significant risks. This investment is suitable only for persons who can afford to lose their entire investment and such investment could be illiquid for an indefinite period of time. No public market currently exists for the Shares, and if a public market develops following this offering (the “Offering”), it may not continue.
FORM OF SUBSCRIPTION AGREEMENT SERIES [*], A SERIES OF MASTERWORKS VAULT 12, LLC NOTICE TO INVESTORSSubscription Agreement • April 23rd, 2026 • Masterworks Vault 12, LLC • New York
Contract Type FiledApril 23rd, 2026 Company JurisdictionInvesting in membership interests represented by Class A ordinary shares (“Shares”) of Series [*] (the “Series”), a series of Masterworks Vault 12, LLC (the “Company”) involves significant risks. This investment is suitable only for persons who can afford to lose their entire investment and such investment could be illiquid for an indefinite period of time. No public market currently exists for the Shares, and if a public market develops following this offering (the “Offering”), it may not continue.
FORM OF SUBSCRIPTION AGREEMENT SERIES [*], A SERIES OF MASTERWORKS VAULT [ ], LLC NOTICE TO INVESTORSSubscription Agreement • April 23rd, 2026 • Masterworks Vault 14, LLC • New York
Contract Type FiledApril 23rd, 2026 Company JurisdictionInvesting in membership interests represented by Class A ordinary shares (“Shares”) of Series [*] (the “Series”), a series of Masterworks Vault [ ], LLC (the “Company”) involves significant risks. This investment is suitable only for persons who can afford to lose their entire investment and such investment could be illiquid for an indefinite period of time. No public market currently exists for the Shares, and if a public market develops following this offering (the “Offering”), it may not continue.