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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01919470: Painting and Arrangement (DS10)

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This document outlines a business arrangement between Leon and Ronald to jointly purchase a painting (identified as a Schwitters work) through an LLC structure, with each party contributing 50% of the purchase price and sales tax. The document discusses membership interests, liquidation procedures, and references attorney Herrick drafting formal documentation pending confirmation of Ronald's agreement to the arrangement.

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Excerpt 1
Each of Leon and Ronald will 50/50 Members and each will contribute funds sufficient to cover ½ the purchase price of the **painting** plus ½ the sales tax
Excerpt 2
The LLC will then acquire the **painting**. The LLC will have as its business purpose the management of the Schwitters to be held as investment property.
Excerpt 3
If the survivor does not wish to purchase the FTD's Membership interests then the FTD's estate may force a liquidation of the LLC and a sale of the **painting**

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