Document:

EX-10.2

 Exhibit 10.2 

SECURITIES PURCHASE AGREEMENT 

THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”) is made as of October 2, 2017 by and between Alphatec Holdings,
Inc., a Delaware corporation (the “Company”), and the individual listed on the signature page attached hereto under the heading “Purchaser” (“Purchaser”). 

WHEREAS, on the terms and subject to the conditions set forth herein, Purchaser desires to subscribe for and purchase, and the Company desires
to sell to Purchaser, that number of shares of common stock, par value $0.0001 per share, of the Company (the “Shares”) set forth below Purchaser’s signature hereto (the “Securities”), for the purchase price
set forth below Purchaser’s signature hereto (the purchase price to be paid by Purchaser herein referred to as the “Purchase Price”). 

NOW, THEREFORE, in order to implement the foregoing and in consideration of the mutual representations, warranties, covenants and agreements
contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

SECTION 1. Issuance of Securities. On the terms and subject to the conditions contained herein, at the Closing, Purchaser
agrees to purchase, and the Company agrees to issue, the Securities at the Purchase Price. On the terms and subject to the conditions contained herein, at the Closing, Purchaser shall deliver the Purchase Price to the Company in immediately
available funds by wire transfer to an account designated by the Company. The consummation of the purchase and sale of the Securities hereunder (the “Closing”) shall take place at a mutually agreed time and on a mutually agreed date
on or before January 1, 2018 (the “Closing Date”) following the satisfaction or waiver of the conditions set forth in Sections 4 and 5 below at the offices of the Company. 

SECTION 2. Representations and Warranties of the Purchaser. As a material inducement to the Company to enter into this
Agreement, Purchaser represents and warrants to the Company as of the date hereof and as of the Closing Date, that: 
 (a) Purchaser has
full right, capacity and power to execute and deliver this Agreement and any other agreements and instruments contemplated hereby to which Purchaser is a party, and to perform his obligations hereunder and thereunder. This Agreement and all other
agreements and instruments contemplated hereby to which Purchaser is or will become a party have been (or, when executed, will be) duly executed and delivered by or on behalf of Purchaser and, assuming due execution by other parties, constitute
legal, valid and binding agreements, enforceable against Purchaser in accordance with their terms, except as such enforceability may be limited by (i) general principles of equity or applicable bankruptcy, insolvency, reorganization,
moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of creditors’ rights and remedies and (ii) public policy underlying any law, rule or regulation (including any federal or states securities law,
rule or regulation) with regards to indemnification, contribution or exculpation. 
 (b) The execution, delivery and performance of this
Agreement and any other agreements and instruments contemplated hereby to which Purchaser is a party and the fulfillment of and compliance with the respective terms hereof and thereof by Purchaser, do not and will not (i) violate any
requirements of any material obligation of Purchaser, or (ii) result in or constitute (with or without the giving of notice, lapse of time or both) any default or event of default under any such material obligation of Purchaser, or give rise to
a right of termination of, or accelerate the performance required by, any terms of any such material obligation or (iii) violate any statute, law ordinance, rule, regulation or order of any court or governmental authority or any judgment, order
or decree (U.S. federal, state or local or foreign) applicable to Purchaser. 
 (c) The Securities to be received by Purchaser will be
acquired by Purchaser for investment only for Purchaser’s own account, not as a nominee or agent, and not with a view to the sale or distribution of any part thereof in violation of applicable U.S. federal or state or foreign securities laws.
Purchaser has no current intention of selling, granting participation in or otherwise distributing the Securities in violation of applicable U.S. federal or state or foreign securities laws. Purchaser does not have any contract, undertaking,
agreement or arrangement with any person or entity to sell, transfer or grant participation to such person or entity, or to any third person or entity, with respect to any of the Securities, in each case, in violation of applicable U.S. federal or
state or foreign securities laws. 
 (d) Purchaser understands that the offer and sale of the Securities have not been registered under the
Securities Act of 1933 as amended (the “Securities Act”) or any applicable U.S. state or foreign securities laws, and that the Securities are being issued in reliance on an exemption from registration, which exemption depends upon,
among other things, the bona fide nature of the investment intent and the accuracy of Purchaser’s representations as expressed herein. 

(e) Purchaser has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of
Purchaser’s investment. Purchaser is a sophisticated investor, has relied upon independent investigations made by Purchaser and, to the extent believed by Purchaser to be appropriate, Purchaser’s representatives, including Purchaser’s
own professional, tax and other advisors, and is making an independent decision to invest in the Securities. 

 
Purchaser has been furnished with such documents, materials and information that Purchaser deems necessary or appropriate for evaluating an investment in the Company, and Purchaser has read
carefully such documents, materials and information and understands and has evaluated the types of risks involved with a purchase of the Securities. Purchaser has not relied upon any representations or other information (whether oral or written)
from the Company or its respective stockholders, directors, officers or affiliates, or from any other person or entity, in connection with Purchaser’s investment in the Securities. Purchaser acknowledges that the Company has not given any
assurances with respect to the tax consequences of the acquisition, ownership and disposition of the Securities. 
 (f) Purchaser has had,
prior to Purchaser’s execution of this Agreement, the opportunity to ask questions of, and receive answers from, the Company concerning the terms and conditions of the transactions contemplated by this Agreement and Purchaser’s investment
in the Securities and to obtain additional information necessary to verify the accuracy of any information furnished to Purchaser or to which Purchaser had access. Purchaser is satisfied with respect to any of the foregoing matters. 

(g) Purchaser acknowledges that Purchaser has had the opportunity to seek legal advice from, and has received legal advice from, legal counsel
on this Agreement, the transactions contemplated hereby and all documents, materials and information that Purchaser has requested or read relating to an investment in the Securities and confirms that Purchaser is satisfied with respect to any of the
foregoing matters. 
 (h) Purchaser understands that no U.S. federal or state or foreign agency has passed upon this investment or upon the
Company, or upon the accuracy, validity or completeness of any documentation provided to Purchaser in connection with the transactions contemplated by this Agreement, nor has any such agency made any finding or determination as to this investment.

 (i) Purchaser understands that: (i) the Securities have not been and are not being registered under the Securities Act or any
applicable U.S. state or foreign securities laws, and may not be offered for sale, sold, assigned or transferred unless (A) subsequently registered thereunder or (B) an exemption exists permitting such Securities to be sold, assigned or
transferred without such registration; (ii) any sale of the Securities made in reliance on Rule 144 promulgated by the Securities and Exchange Commission (“Rule 144”) may be made only in accordance with the terms of Rule 144
and further, if Rule 144 is not applicable, any resale of the Securities under circumstances in which the seller (or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the 1933 Act) may require
compliance with some other exemption under the Securities Act or the rules and regulations of the Securities and Exchange Commission thereunder; and (iii) neither the Company nor any other person is under any obligation to register the
Securities under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder. 

(j) Purchaser understands that (i) the Securities must be held indefinitely and Purchaser must continue to bear the economic risk of the
investment in the Securities unless such Share is subsequently registered under the Securities Act or an exemption from such registration is available; (ii) Purchaser is prepared to bear the economic risk of this investment for an indefinite
period of time; and (iii) the Securities are characterized as “restricted securities” under the U.S. federal securities laws. 

(k) Purchaser understands that this investment is not recommended for investors who have any need for a current return on this investment or
who cannot bear the risk of losing their entire investment. In that regard, Purchaser understands that Purchaser’s investment in the Securities involves a high degree of risk of loss of Purchaser’s investment therein, and that Purchaser
may lose the entire amount of Purchaser’s investment. Purchaser acknowledges that: (i) Purchaser has adequate means of providing for Purchaser’s current needs and possible personal contingencies and has no need for liquidity in this
investment; (ii) Purchaser’s commitment to investments which are not readily marketable is not disproportionate to Purchaser’s net worth; and (iii) Purchaser’s investment in the Securities will not cause Purchaser’s
overall financial commitments to become excessive. 
 SECTION 3. Representations and Warranties of the Company. The Company
represents and warrants to Purchaser as of the date hereof and as of the Closing Date, that: 
 (a) The Company is a corporation duly
organized and validly existing in good standing under the laws of the State of Delaware, and has the requisite corporate power and authority to own its properties and to carry on its business as now being conducted. The Company is duly qualified as
a foreign corporation to do business and is in good standing in every jurisdiction in which its ownership of property or the nature of the business conducted by it makes such qualification necessary, except to the extent that the failure to be so
qualified or be in good standing could not reasonably be expected to have a material adverse effect on any of: (i) the business, properties, assets, operations, results of operations or financial condition of the Company or (ii) the
authority or ability of the Company to perform its obligations hereunder. 
 (b) The Company has full right, capacity and power to execute
and deliver this Agreement and any other agreements and instruments contemplated hereby to which the Company is a party, and to perform its obligations hereunder and thereunder. This Agreement and all other agreements and instruments contemplated
hereby to which the Company is or will become a party 

 
have been (or, when executed, will be) duly executed and delivered by or on behalf of the Company and, assuming due execution by other parties, constitute legal, valid and binding agreements,
enforceable against the Company in accordance with their terms, except as such enforceability may be limited by (i) general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws
relating to, or affecting generally, the enforcement of creditors’ rights and remedies and (ii) public policy underlying any law, rule or regulation (including any federal or states securities law, rule or regulation) with regards to
indemnification, contribution or exculpation. 
 (c) Upon issuance of the Shares by the Company at the Closing and payment in full by
Purchaser as provided above, the Shares will be duly authorized and validly issued and will be fully paid and non-assessable. 

SECTION 4. Conditions to Company’s Obligation to Close. The Company’s obligation to issue and
sell the Securities at the Closing is subject to the fulfillment on or before the Closing of the following conditions, unless waived by the Company: 

(a) Representations and Warranties. The representations and warranties made by Purchaser in Section 2 shall be true and correct in
all material respects (except to the extent that any of such representations and warranties is already qualified as to materiality in Section 2 above, in which case, such representations and warranties shall be true and correct without further
qualification) as of the date of this Agreement and as of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific date, which shall be true and correct in all material respects as of such
specific date). 
 (b) Covenants. All covenants, agreements and conditions contained in the Agreements to be performed by Purchaser
on or prior to the date of the Closing shall have been performed or complied with as of the date of the Closing. 
 (c) Compliance with
Securities Laws. The Company shall be satisfied that the offer and sale of the Securities shall be qualified or exempt from registration or qualification under all applicable federal and state securities laws (including receipt by the Company of
all necessary blue sky law permits and qualifications required by any state, if any). 
 SECTION 5. Conditions to Purchasers
Obligations to Close. Purchaser’s obligation to purchase Securities at the Closing is subject to the fulfillment on or before the Closing of each of the following conditions, unless waived by Purchaser: 

(a) Representations and Warranties. The representations and warranties made by the Company in Section 3 shall be true and correct
in all material respects (except to the extent that any of such representations and warranties is already qualified as to materiality in Section 3 above, in which case, such representations and warranties shall be true and correct without
further qualification) as of the date of this Agreement and as of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific date, which shall be true and correct in all material respects as
of such specific date). 
 (b) Covenants. All covenants, agreements and conditions contained in this Agreement to be performed by the
Company on or prior to the Closing shall have been performed or complied with as of the date of the Closing. 
 (c) Blue Sky. The
Company shall have obtained all necessary Blue Sky law permits and qualifications, or have the availability of exemptions therefrom, required by any state for the offer and sale of the Securities. 

(d) Qualifications. All authorizations, approvals or permits, if any, of any governmental authority or regulatory body of the United
States or of any state or of any other person that are required in connection with the issuance and sale of the Securities pursuant to this Agreement (and except for such as may be properly filed subsequent to the Closing) under applicable laws,
regulations, rules or listing requirements shall be obtained and effective as of the Closing. 
 (e) Authorizations. On or prior to
the Closing Date, the Company shall take all necessary action, if any, and such actions as reasonably requested by Purchaser, in order to render inapplicable any control share acquisition, business combination, stockholder rights plan or poison pill
(including any distribution under a rights agreement) or other similar anti-takeover provision under the Certificate of Incorporation or the laws of the state of its incorporation, other than Section 203 of the Delaware General Corporation Law,
that is or could become applicable to P:urchaser as a result of the transactions contemplated by this Agreement, including, without limitation, the Company’s issuance of the Securities and Purchaser’s ownership of the Securities. 

SECTION 6. Miscellaneous.

(a) Entire Agreement. This Agreement supersede all other prior oral or written agreements between Purchaser, the Company, their
affiliates and persons acting on their behalf with respect to the matters discussed herein, and this Agreement contain the entire understanding of the parties with respect to the matters covered herein and therein and, except as specifically set
forth herein or therein, neither the Company nor Purchaser makes any representation, warranty, covenant or undertaking with respect to such matters. 

 (b) Binding Effect; Assignability; Benefit. This Agreement shall inure to the benefit of
and be binding upon the parties hereto and their respective heirs, successors, legal representatives and permitted assigns. Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof shall be
assignable by any party hereto without the consent of the other party. Nothing in this Agreement is intended to confer on any person other than the parties hereto, and their respective heirs, successors, legal representatives and permitted assigns,
any rights, remedies, obligations or liabilities under or by reason of this Agreement. 
 (c) Notices. Any notice or other
communication provided for herein or given hereunder to a party hereto must be in writing, and shall be deemed to have been given (i) when personally delivered or delivered by email with confirmation of delivery, (ii) one (1) business day
after deposit with Federal Express or similar overnight courier service, or (iii) three (3) business days after being mailed by first class mail, return receipt requested. A notice shall be addressed, as follows: 

if to the Company, to: 
 5818 El
Camino Real 
 Carlsbad, CA 92008 

Attention: General Counsel 

Email: chunsaker@alphatecspine.com 

if to Purchaser, to the address set forth below Purchaser’s signature hereto. 

or to such other address or e-mail address as such party may hereafter specify for the purpose by notice to the other
parties hereto. All such notices, requests and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. on a business day in the place of receipt. Otherwise, any such notice,
request or communication shall be deemed received on the next succeeding business day in the place of receipt. 
 (d) Waiver; Amendment;
Termination. No provision of this Agreement may be waived except by an instrument in writing executed by the party against whom the waiver is to be effective. No provision of this Agreement may be amended or otherwise modified except by an
instrument in writing executed by the parties hereto. This Agreement may be terminated only by an instrument in writing executed by the parties hereto. 

(e) Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without
giving effect to the conflict or choice of law provisions thereof that would give rise to the application of the domestic substantive law of any other jurisdiction. 

(f) Jurisdiction. In addition, each of the parties hereto (i) consents to submit itself to the personal jurisdiction of the
federal and state courts located in San Diego, California in the event any dispute arises out of this Agreement or any of the transactions contemplated by this Agreement; (ii) agrees that he, she or it will not attempt to deny or defeat such
personal jurisdiction by motion or other request for leave from such court; (iii) agrees that he, she or it will not bring any action relating to this Agreement or any of the transactions contemplated by this Agreement in any court other than
the federal or state courts located in San Diego, California; and (iv) to the fullest extent permitted by law, consents to service being made through the notice procedures set forth in Section 6(c). Each of the parties hereto hereby agrees
that, to the fullest extent permitted by law, service of any process, summons, notice or document by U.S. registered mail to the respective addresses set forth in Section 6(c) shall be effective service of process for any suit or proceeding in
connection with this Agreement or the transactions contemplated hereby. Each of the parties hereto waives any right to a trial by jury in any such suit or proceeding. 

(g) No Financial Advisor, Placement Agent, Broker or Finder. Each party represents and warrants to the other that it has not engaged
any financial advisor, placement agent, broker or finder in connection with the transactions contemplated hereby. Each party shall be responsible for the payment of any fees or commissions, if any, of any financial advisor, placement agent, broker
or finder engaged by such party relating to or arising out of the transactions contemplated hereby. Each party shall pay, and hold the other party harmless against, any liability, loss or expense (including, without limitation, attorneys’ fees
and out of pocket expenses) arising in connection with any such claim. 
 (h) No Guarantee of Benefit or Gain. Purchaser acknowledges
that the Company does not guarantee any benefit or a gain to Purchaser in connection with the Securities. Purchaser acknowledges that Purchaser is duly aware of the risks involved in investing in securities of the Company. 

(i) No Right to Future Benefits. Purchaser acknowledges that the opportunity to purchase the Securities and this Agreement do not
constitute an acquired right. The Company, in its sole discretion, maintains the right to make, or not to make, additional Securities available for purchase. 

 (j) Counterparts; Effectiveness. This Agreement may be executed in one or more
counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Any facsimile or electronic copies hereof or signature hereon shall, for all purposes, be deemed
originals. This Agreement shall become effective when each party hereto shall have received counterparts hereof signed by the other party hereto. Until and unless each party has received a counterpart hereof signed by the other party hereto, this
Agreement shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication). 

(k) Severability. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstance,
is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be in any way impaired
thereby. 
 (l) No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties
to express their mutual intent, and no rules of strict construction will be applied against any party. 
 (m) Further
Assurances. Each party hereto agrees to execute and deliver, by the proper exercise of its corporate, limited liability company, partnership or other powers, all such other and additional instruments and documents and do all such other acts
and things as may be necessary to more fully effectuate this Agreement 
 IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the date first written above. 
  

									
	Company	 		 	Purchaser	 	
			
	ALPHATEC HOLDINGS, INC.	 		 	 /s/ QUENTIN BLACKFORD

		 		 		 	Name: Quentin Blackford
					
	By:	 	 /s/ TERRY M. RICH
	 		 	Number of Shares:	 	No less than 221,682 Shares and
	Name:	 	Terry M. Rich	 		 		 	no more than 442,478 Shares
	Title:	 	Chief Executive Officer	 		 		 	
					
		 		 		 	Purchase Price:	 	$2.26 per share, for an aggregate
		 		 		 		 	Purchase Price of no less than
		 		 		 		 	$501,001.32 and no more than $1,000,000.28

									
					
		 		 		 	Address:	 	  

		 		 		 		 	  

		 		 		 		 	  

		 		 		 	Email:EX-10.3

 Exhibit 10.3 

VESTING ACCELERATION AGREEMENT 

THIS VESTING ACCELERATION AGREEMENT (this “Agreement”), dated as of October 1, 2017 (the “Effective
Date”), is entered into by and between Alphatec Holdings, Inc. (the “Company”), and Stephen O’Neil (“Director”). 

WHEREAS, the Company and Director currently are parties to several agreements related to the Company’s equity that are listed on Exhibit A (the
“Equity Agreements”); and 
 WHEREAS, the Company has agreed to modify the Equity Agreements as set forth in this Agreement
following the departure of the Director from the Company’s Board of Directors. 
 NOW THEREFORE, for consideration duly given, the undersigned agree to
the following: 
 1.    Accelerated Vesting of Equity Agreements. As of October 1, 2017 (the
“Departure Date”), all outstanding options to purchase Company common stock and any restricted stock (each separate award is an “Equity Interest”) held by Director as of the Effective Date shall
become vested and exercisable on the Departure Date. 
 2.    Extension of Exercise Term. The term during which
Director may exercise any Equity Interest consisting of a stock option or other exercisable Equity Interest shall be extended until the earlier of: (i) October 1, 2019 (or the following business day if such day is not a business day of the
Company), or (ii) the expiration date that would apply to such stock option or other exercisable Equity Interest. 

3.    Miscellaneous. 

a.    Effect on Existing Equity Agreements. This Agreement shall supersede the Equity Agreements with respect to the
subject matter hereof. The Equity Agreements shall otherwise remain in full force and effect with respect to any subject matter not covered by this Agreement. 

b.    Successors. This Agreement is personal to Director and, without the prior written consent of the Company,
shall not be assignable by Director. Notwithstanding the foregoing, in the event of the Director’s death following the Departure Date, this Agreement shall remain in full force and effect and the personal representative of the Director’s
estate shall be entitled to exercise any Equity Interest consisting of a stock option or other exercisable Equity Interest in accordance with Section 2 of this Agreement. This Agreement shall inure to the benefit of and be binding upon the
Company and its successors and assigns. 
 c.    Amendment; Waiver; Survival. No provisions of this Agreement may
be amended, modified, or waived unless agreed to in writing and signed by Director and by a duly authorized officer of the Company. No waiver by either party of any breach by the other party of any condition or provision of this Agreement shall be
deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 

d.    Governing Law and Venue. The validity, interpretation, construction and performance of this Agreement shall
be governed by the laws of the State of California without 

 
regard to its conflicts of law principles. The sole and exclusive venue for any actions filed with a court shall be the state or Federal courts located in San Diego County, California. 

e.    Validity. The invalidity or unenforceability of any provision or provisions of this Agreement will not affect
the validity or enforceability of any other provision of this Agreement, which will remain in full force and effect. 

f.    Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be
an original but all of which together will constitute one and the same instrument. 
 g.    Entire Agreement.
This Agreement sets forth the final and entire agreement of the parties with respect to the subject matter hereof and supersedes all prior agreements, promises, covenants, arrangements, communications, representations or warranties, whether oral or
written, by the Company and Director, or any representative of the Company or Director, with respect to the subject matter hereof. 
 The undersigned do
hereby agree to be bound by the terms and conditions of this Agreement. 
  

									
	ALPHATEC HOLDINGS, INC.	 		 	STEPHEN O’NEIL
					
	By:	 	 /s/ Terry Rich
	 		 	By:	 	 /s/ Stephen O’Neil

	Name:	 	Terry Rich	 		 	Name:	 	Stephen O’Neil
	Title:	 	CEO	 		 		 	

 Exhibit A 

Equity Agreements 
  

																			
	 Agreement

Date
	  	 Agreement Type
	    	Shares	 	    	Exercise
Price	 	    	Vested
Shares	 	    	Unvested
Shares	 
	 7/31/2008
	  	NQ Option	    	 	625	 	    	$	57.36	 	    	 	625	 	    	 	0	 
	 8/04/2009
	  	NQ Option	    	 	625	 	    	$	53.40	 	    	 	625	 	    	 	0	 
	 11/04/2010
	  	NQ Option	    	 	625	 	    	$	27.72	 	    	 	625	 	    	 	0	 
	 7/27/2011
	  	NQ Option	    	 	2,083	 	    	$	34.32	 	    	 	2,083	 	    	 	0	 
	 7/25/2012
	  	NQ Option	    	 	1,764	 	    	$	20.28	 	    	 	1,764	 	    	 	0	 
	 7/26/2013
	  	NQ Option	    	 	1,674	 	    	$	28.44	 	    	 	1,674	 	    	 	0	 
	 7/29/2014
	  	NQ Option	    	 	3,188	 	    	$	16.08	 	    	 	3,188	 	    	 	0	 
	 2/25/2015
	  	NQ Option	    	 	3,401	 	    	$	16.20	 	    	 	2,268	 	    	 	1,133	 
	 12/12/2016
	  	NQ Option	    	 	14,610	 	    	$	4.43	 	    	 	14,610	 	    	 	0	 
	 4/25/2017
	  	NQ Option	    	 	28,090	 	    	$	1.98	 	    	 	0	 	    	 	28,090	 
	 4/25/2017
	  	Restricted Stock	    	 	18,939	 	    	 	N/A	 	    	 	0	 	    	 	18,939

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