This document is the operating agreement for Friends Ventures LLC, a New York limited liability company. It outlines the formation, management, and operation of the company, including capital contributions, property management, member duties, and procedures for dissolution. The agreement is between Leon D. Black and Ronald S. Lauder, each holding a 50% membership interest. The primary purpose of the company is to purchase and hold investment property, specifically a framed oil painting by Kurt Schwitters.
documents/EFTA00585905.pdf
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