FORM OF SUBSCRIPTION AGREEMENT SERIES [*], A SERIES OF MASTERWORKS VAULT 1, LLC NOTICE TO INVESTORSForm of Subscription Agreement • May 25th, 2023 • Masterworks Vault 1, LLC • Retail-retail stores, nec • New York
Investing in membership interests represented by Class A ordinary shares (“Shares”) of Series [*] (the “Series”), a series of Masterworks Vault 1, 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 Amended And Restated Limited Liability Company Operating Agreement Of Masterworks Vault 1, LLCLimited Liability Company Operating Agreement • May 25th, 2023 • Masterworks Vault 1, LLC • Retail-retail stores, nec • Delaware
