Common use of Fixed Compensation Clause in Contracts

Fixed Compensation. Each of the Co-Managers will receive certain additional fixed compensation pursuant to separate agreements with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation in the aggregate includes $35,833 per month for ancillary support services to supervise up to fifty (50) representatives dedicated to selling only Masterworks’ offerings.