It depends what sort of file he gave you. If he gave you a finished Lowrance map (in the AT5 format) then you can't view that in ReefMaster - you can only view it on a Lowrance unit. If you want to see his data on your ReefMaster, then the best thing to do is either get a copy of your friend's original sonar logs (the sl2 or slg files) and import them into ReefMaster - this would give you full access to all of the sonar data, so you could use the sonar viewer and sidescan mosaic features.
If you just want the maps then you can get a hold of your friends workspace file - this is the file that holds all of the workspace details, including tracks and map projects, and has the extension .rmdb. The only issue with sharing .rmdb files is the one I mentioned in my first reply - you won't have access to the original sonar data, so you won't be able to view sonar in the sonar viewer or sidescan mosaic functions.
Matt