between LEON D. BLACK of the State of New York (hereinafter called the "LifeTenant") and NY 70th Street LLC, a New York Limited Liability Company (hereinafter
called the "Remainderman ... WITNESSETH
WHEREAS, both the LifeTenant and the Remainderman (together
referred to herein as the "Parties") have independent means, and for their mutual
economic advantage, they wish to acquire ownership ... certain personal residence
described on Schedule A, the LifeTenant buying the life interest and the Remainderman
buying the remainder interest;
WHEREAS, the Parties desire to set forth their agreements