0001493152-23-011819 Sample Contracts

FORM OF SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF MASTERWORKS 012, LLC

Limited Liability Company Operating Agreement • April 11th, 2023 • Masterworks 012, LLC • Retail-retail stores, nec • Delaware

• Contract Type
  Limited Liability Company Operating Agreement
• Filed
  April 11th, 2023
• Company
  Masterworks 012, LLC
• Industry
  Retail-retail stores, nec
• Jurisdiction
  Delaware

This Second Amended and Restated Limited Liability Company Operating Agreement (this “Agreement”) of Masterworks 012, LLC, a Delaware limited liability company (the “Company”), is dated as of , 2023, and is entered into by Masterworks Gallery, LLC as its sole initial Member (the “Initial Member”).