| (c)(1) Aggregate consideration for which the securities
were issued and basis for computing the amount thereof. | During the 12 month period ended October 14, 2026, the Company issued an aggregate of 517,061 Class A shares of its series for aggregate consideration of approximately $10,341,220, as follows: (i) 504,442 Class A shares were sold pursuant to Regulation A at the offering price of $20.00 per share, for aggregate gross proceeds of $10,088,840. These include the Post-Expiration Sales described under "Risk Factors." (ii) 11,995 Class A shares were issued to Masterworks, upon its transfer of such shares to third parties, in exchange for the same number of SPC Preferred shares of segregated portfolios of Masterworks Cayman, SPC on a one-for-one basis. The Company received no additional consideration. The SPC Preferred shares exchanged had been issued to Masterworks as compensation for management services, as described in the entry for Masterworks Cayman, SPC, and had a carrying value of $239,900. (iii) 624 Class A shares of Series 492 that remained unsold at its final closing were issued to Masterworks in satisfaction of its advance and the Expense Allocation, at $20.00 per share, for aggregate consideration of $12,480. |