FORM OF SUBSCRIPTION AGREEMENT MASTERWORKS 001, LLC A DELAWARE LIMITED LIABILITY COMPANY NOTICE TO INVESTORSForm of Subscription Agreement • November 23rd, 2018 • Masterworks 001, LLC • Retail-retail stores, nec • New York
Investing in membership interests represented by Class A ordinary shares (“Shares”) of Masterworks 001, 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, it may not continue.
FORM OF AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OFLimited Liability • November 23rd, 2018 • Masterworks 001, LLC • Retail-retail stores, nec • Delaware
This Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 001, LLC, a Delaware limited liability company (the “Company”), is dated as of November [___], 2018, and is entered into by Masterworks Galley, LLC as its sole initial Member (the “Initial Member”).
FORM OF ADMINISTRATIVE SERVICES AGREEMENT Dated as of [DATE], 2018Form of Administrative Services Agreement • November 23rd, 2018 • Masterworks 001, LLC • Retail-retail stores, nec • New York
This Administrative Services Agreement (this “Agreement”), dated as of the date first set forth above (the “Effective Date”) is entered into by and between Masterworks Administrative Services, LLC, a Delaware limited liability company (the “ Administrator ”) and Masterworks 001, LLC, a Delaware limited liability company (the “Issuer”). The Administrator and the Issuer may be referred to herein individually as a “Party” and collectively as the “Parties.”
aRT purchase agreement By and between: MASTERWORKS GALLERY, LLC and MASTERWORKS 001, LLCArt Purchase Agreement • November 23rd, 2018 • Masterworks 001, LLC • Retail-retail stores, nec • Delaware
This Art Purchase Agreement is entered into as of the date first set forth above (the “Effective Date”) by and between Masterworks Gallery, LLC, a Delaware limited liability company (“Seller”) and Masterworks 001, LLC, a Delaware limited liability company (“Buyer”). Each of Buyer and Seller may be referred to herein as a “Party” and collectively as the “Parties.”
