0001493152-22-034030 Sample Contracts

FORM OF SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS 011, LLC

Limited Liability Company Operating Agreement • November 30th, 2022 • Masterworks 011, LLC • Retail-retail stores, nec • Delaware

• Contract Type
  Limited Liability Company Operating Agreement
• Filed
  November 30th, 2022
• Company
  Masterworks 011, LLC
• Industry
  Retail-retail stores, nec
• Jurisdiction
  Delaware

This Second Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 011, LLC, a Delaware limited liability company (the “Company”), is dated as of , 2022, and is entered into by Masterworks Gallery, LLC as its sole initial Member (the “Initial Member”).