Document:

lpth_ex101

 

Exhibit 10.1

NINTH AMENDMENT TO LEASE

 

THIS NINTH AMENDMENT TO LEASE (this
“Amendment”) is entered into as of September _21_,
2021 (“Effective
Date”), by and between CHALLENGER-DISCOVERY, LLC, a Delaware
limited liability company (“Landlord”), and LIGHTPATH TECHNOLOGIES, INC., a Delaware
corporation (“Tenant”).

 

RECITALS:

 

A. Landlord (or its
predecessor in interest) and Tenant entered into that certain Lease
dated January 25, 2001, as amended by that certain (i) First
Amendment to Lease dated August 10, 2001, (ii) Second Amendment to
Lease dated April 20, 2004, (iii) Third Amendment to Lease dated
December 1, 2007, (iv) Fourth Amendment to Lease dated April 30,
2009, (v) Fifth Amendment to Lease dated April 24, 2012, (vi) Sixth
Amendment to Lease dated July 2, 2014, (vii) Seventh Amendment to
Lease dated January 31, 2015, and (viii) Eighth Amendment to Lease
dated April 30, 2021 (the “Eighth Amendment”, and
collectively, the “Lease”), pursuant to which Tenant
leases from Landlord that certain premises commonly known as Suites
100 and 130 consisting of approximately 25,847 of total square feet
of rentable area in the building located at 2603 Challenger
Parkway, Orlando, Florida 32826, currently known as Challenger Tech
Center, Phase III (the “Original Premises”) and also that
certain premises commonly known as Suites 145-180 consisting of
approximately 26,337 square feet of rentable area in the same
building (the “Expansion
Premises”);

 

B. On or around
January 23, 2019, Landlord entered into that certain Industrial
Real Estate Lease (the “Eckler Lease”) with ECKLER INDUSTRIES, INC., a Delaware
corporation (“Eckler”), as tenant, for that
certain premises commonly known as Suite 110 in the same building
(“Suite 110”);
and

 

C. Tenant and Eckler
have agreed, with the consent of Landlord, to swap certain space,
wherein, (i) Tenant will take possession of a majority of Suite 110
(as depicted on Exhibit A
attached hereto, the “Suite
110 Premises”) and add the Suite 110 Premises to the
Lease and Landlord and Eckler will amend the Eckler Lease to
release the Suite 110 Premises from the Eckler Lease (Eckler will
retain the balance of Suite 110 currently leased by Eckler), and
(ii) Eckler will take possession of Suite 130 (also as shown on
Exhibit
A attached hereto) and add Suite 130 to the Eckler Lease and
Landlord and Eckler will amend the Ecker Lease to include Suite 130
in the Ecker Lease; and

 

D. Landlord and Tenant
have agreed, effective as of the Swap Date (as defined in the Swap
Agreement (defined below)), (i) to release Suite 130 from the
Lease, and (ii) expand the combined Original Premises and Expansion
Premises to include the Suite 110 Premises, which consists of
approximately 10,437 square feet of rentable area, for a total of
58,531 square feet of rentable area (collectively, with the
Original Premises (less Suite 130) and Expansion Premises, the
“Premises”). The
Premises (effective as of the Swap Date) is more fully depicted on
Exhibit
B attached hereto; and

 

E. Prior to the swap
of space described above, by separate agreement between Tenant and
Eckler, and consented to by Landlord (the “Swap Agreement”), Tenant will make
certain modifications to Suite 110 and Suite 130 to accommodate the
division of space (the “Suite
110/130 Improvement Work”); and

 

F. Landlord and Tenant
have agreed to amend the terms of the Lease as provided below.
Capitalized terms not otherwise defined in this Amendment shall
have the definitions set forth in the lease.

 

AGREEMENT:

 

NOW, THEREFORE, in consideration of the
mutual covenants contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, Landlord and Tenant agree to amend the Lease as
follows:

 

1. Swap.

 

a. The term of the
Lease for the Suite 110 Premises shall commence on the Swap Date
and expire on the last day of the Extension Lease Term (as defined
in the Eight Amendment).

 

b. Effective as of the
Swap Date, Suite 130 is released from the Lease and upon the Swap
Date and thereafter Suite 130 shall not be part of the
Premises.

 

2. Annual Minimum Rent
with addition of Suite 110 Premises.

 

a. Commencing on the
Swap Date and until the EPCD (as defined in the Eight Amendment),
Tenant shall pay to Landlord Annual Minimum Rent for the Suite 110
Premises in monthly amount of $13,262.42 (i.e. annually $15.25 per
rentable square foot of the Suite 110 Premises) prorated for any
partial month.

 

 

 

 

b. Commencing on the
EPCD, the Annual Minimum Rent shall thereafter be as set forth on
the attached Rent
Schedule for the Premises (i.e. the combined Original
Premises (less Suite 130), Expansion Premises and Suite 110
Premises).

 

Notwithstanding
anything to the contrary contained herein, so long as Tenant is not
in default under the Lease, that is not cured during any applicable
grace or curative period, as shown on the attached Rent
Schedule, Tenant’s obligation to pay the Monthly
Minimum Rent otherwise due for the Premises for the first two (2)
calendar months following the EPCD shall be abated (the
“Minimum Rent Abatement”).

 

If
Landlord elects to terminate the Lease or Tenant’s right to
possession of the Premises due to a default not cured during any
applicable grace or curative period, then (i) the portion of the
Minimum Rent Abatement unamortized as of the date of such default
(with the Minimum Rent Abatement being deemed to have been
amortized in equal monthly installments (without interest) over the
Expansion Premises Term commencing on the EPCD, shall immediately
become due and payable; and (ii) Tenant shall not be entitled to
any further abatement of the Monthly Minimum Rent pursuant to this
paragraph. The payment by Tenant of the Minimum Rent Abatement in
the event of a default shall not limit or affect any of
Landlord’s other rights or remedies, in the event of a
default by Tenant, pursuant to the Lease or at law or in
equity.

 

3. Additional
Rent.

 

a.

Tenant’s
proportionate share of Operating Expenses for the Suite 110
Premises commencing on the Swap Date through the EPCD shall be
12.72%.

 

b.

Commencing on the
EPCD, Tenant’s proportionate share of Operating Expenses
shall be 71.31% for the Premises (i.e. the combined Original
Premises (less Suite 130), Expansion Premises and Suite 110
Premises). The Operating Expenses for the Premises for 2021 are
estimated to be approximately $5.43 per square foot.

 

4. Florida Sales
Tax. Pursuant to the Lease, Tenant must pay all applicable
Florida State Sales Taxes related to its tenancy. The Florida State
Sales Taxes shall be paid concurrently with each installment of
Monthly Minimum Rent for the Premises.

 

5. Tenant
Improvements. Landlord and Tenant desire to add the Suite
110 Premises to the Work Letter and, accordingly, the work letter
attached to the Eighth Amendment is hereby deleted and replaced
with the Work Letter attached hereto as Exhibit C
(the “Work
Letter”). Other than with respect to Landlord’s
Work, Tenant accepts the Suite 110 Premises in its
“as-is” condition and Landlord shall have no obligation
to perform any work at the Suite 110 Premises.

 

6. Parking.
Commencing on the Swap Date, Tenant shall be entitled to additional
parking spaces for the Suite 110 Premises in accordance with the
ratio (5 parking spaces per 1,000 square feet) set forth in Section
16.9 of the Lease.

 

7. Renewal
Option. The renewal option in Section 10 of the Eight
Amendment applies to the Premises (i.e. the combined Original
Premises (less Suite 130, Expansion Premises and Suite 110
Premises).

 

8. Brokers.
Landlord and Tenant each represent and warrant to the other that
they have not worked with any broker in connection with this
Amendment that is entitled to a fee, commission or other
compensation in connection with this Amendment. Landlord and Tenant
each agree to defend, indemnify and hold the other harmless from
and against all claims by any other broker for fees, commissions or
other compensation to the extent such broker alleges to have been
retained by the indemnifying party in connection with the execution
of this Amendment. The provisions of this paragraph shall survive
the expiration or sooner termination of the Lease.

 

9. Miscellaneous.
Except as modified herein, the Lease and all of the terms and
provisions thereof shall remain unmodified and in full force and
effect as originally written. In the event of any conflict or
inconsistency between the provisions of the Lease and the
provisions of this Amendment, the provisions of this Amendment
shall control. All terms used herein but not defined herein which
are defined in the Lease shall have the same meaning for purposes
hereof as they do for purposes of the Lease. The Recitals set forth
above in this Amendment are hereby incorporated by this reference.
This Amendment shall be binding upon and shall inure to the benefit
of the parties hereto and their respective beneficiaries,
successors and assigns.

 

10. Counterparts.
This Amendment may be executed in any number of counterparts and by
each of the undersigned on separate counterparts, which
counterparts taken together shall constitute one and the same
instrument.

 

 

[Remainder
of Page Intentionally Left Blank; Signature Page
Follows.]

 

 

 

 

 

IN WITNESS WHEREOF, the undersigned have executed this Ninth
Amendment to Lease as of the day and year first above
written.

 

 

 

	

 

	LANDLORD:	

 

	

 

	
 

	

 

	

 

	CHALLENGER-DISCOVERY,
LLC, 	

 

	

 

	a Delaware limited
liability company	

 

	

 

	 	

 

	

	
By:  

	
/s/ Steven C.
Heetland

	

 

	

 

	Name:	Steven
C. Heetland
	

 

	

 

	Title:	CEO/CFO/Manager	

 

 

	
 

	
TENANT:

	
 

	
 

	
 

	
 

	
 

	
LIGHTPATH TECHNOLOGIES,
INC.,

	
 

	
 

	
a Delaware
corporation

	
 

	
 

	
 

	
 

	

	
By:  

	
/s/ Peter
Greif 

	
 

	
 

	
Name:

	
Peter
Greif 	
 

	
 

	
Title:

	Vice President of
Operations	
 

 

 

 

 

Exhibit A

Suite 110/130 Premises

 

[SEE ATTACHED]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit B

Premises

 

[SEE ATTACHED]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit C

 

Work Letter

 

1. This Work Letter
shall set forth the obligations of Landlord and Tenant with respect
to the preparation of the Suite 110 Premises, the Expansion
Premises and the Original Premises. All improvements described in
this Work Letter to be constructed in and upon the Premises by
Landlord are hereinafter referred to as “Landlord’s Work”. Certain of
Landlord’s Work is more particularly described on Attachment
#1. Landlord and Tenant acknowledge that Plans (hereinafter
defined) for Landlord’s Work have not yet been prepared and,
therefore, it is impossible to determine the exact cost of
Landlord’s Work at this time. Accordingly, Landlord and
Tenant agree that Landlord’s obligation to pay for the cost
of Landlord’s Work shall be limited to an amount equal to
$1,085,574.00 (being $42.00 per square foot) for the Original
Premises and $1,316,850.00 (being $50.00 per square foot) for the
Expansion Premises, totaling $2,402,424.00 (collectively, the
“Construction
Allowance”) and that Tenant shall be responsible for
the cost of Landlord’s Work to the extent that it exceeds the
Construction Allowance. There shall not be any increase in the
Construction Allowance in connection with the Suite 110 Premises;
however, the Construction Allowance shall be applicable to the
Suite 110 Premises (in addition to the Expansion Premises and the
Original Premises). Notwithstanding the calculation of the
Construction Allowance, the Construction Allowance shall be
available for the entire Premises and not separately allocated to
the Suite 110 Premises, the Expansion Premises or the Original
Premises. If the actual cost of Landlord’s Work is less than
the Construction Allowance, Tenant shall not be entitled to any
further credit, payment or abatement on account thereof. Landlord
shall competitively bid Landlord’s Work among at least three
(3) general contractors, one (1) of which may be Tenant’s
choice. Landlord shall review the contractor bid responses to
ensure consistent qualifications and considerations. Thereafter,
Landlord and Tenant shall mutually agree upon a general contractor
to perform the Landlord’s Work and Landlord shall enter into
a direct contract for Landlord’s Work with such general
contractor. In addition, Landlord shall have the right to select
and/or approve (which shall not be unreasonably withheld,
conditioned or delayed) of any subcontractors used in connection
with Landlord’s Work. Landlord shall oversee Landlord’s
Work and Tenant shall pay to Landlord (which may be paid out of the
Construction Allowance) a total construction management fee equal
to three percent (3%) of the Construction Allowance and one percent
(1%) on the remaining balance of the cost of Landlord’s Work.
Tenant shall be allowed to utilize, at its sole discretion, the
Construction Allowance for (a) all customary hard and soft costs
associated with design and construction, (b) data
telecommunications cabling, equipment, and installation, (c)
furniture fixtures, and equipment, (d) security equipment, (e)
moving expenses of any kind, and (f) payment of its project
management fees.

 

2. The parties
acknowledge that Landlord paid Farmer Architecture (the
“Architect”) for
one (1) space plan and one (1) revision. Landlord and Tenant
acknowledge and agree that the space plan as of the date of
execution of this Amendment is preliminary and conceptual in nature
(and does not currently include the Suite 110 Premises) and is
subject to change as required by Tenant. All future space planning,
architectural and engineering (mechanical, electrical and plumbing)
drawings for Landlord’s Work shall be prepared by the
Architect at Tenant’s sole cost and expense, subject to
funding through the Construction Allowance. The space planning,
architectural and mechanical drawings are collectively referred to
herein as the “Plans”.

 

3. Tenant shall
deliver to Landlord any information reasonably requested by
Landlord and shall deliver to Landlord Tenant’s approval or
disapproval of any preliminary or final layout, drawings, or plans
within five (5) business days after written request. Any
disapproval shall be in writing and shall set forth in reasonable
detail the reasons for such disapproval. Tenant and the Architect
shall devote such time in consultation with Landlord and
Landlord’s engineer as may be required to provide all
information Landlord and Tenant deem necessary in order to enable
the Architect and engineer to complete, and obtain Tenant’s
written approval of the Plans for Landlord’s Work by not
later than fifteen (15) days following the date Tenant receives
final proposed Plans that are consistent with the final space
planning drawings approved by Landlord and Tenant (the
“Plans Due
Date”). In the event that Tenant fails to approve the
Plans by the Plans Due Date, Tenant shall be responsible for one
(1) day of Delay (as hereinafter defined) for each day during the
period beginning on the day following the Plans Due Date and ending
on the date Tenant approves the Plans. Neither the approval of the
Plans nor the supervision of Landlord’s Work by Landlord
shall constitute a representation or warranty by Landlord as to the
accuracy, adequacy, sufficiency and propriety of the Plans;
provided, however, Landlord does represent and warrant the quality
of workmanship with respect to Landlord’s Work and the
compliance of Landlord’s Work with applicable
law.

 

4. Prior to commencing
any construction of Landlord’s Work, Landlord shall submit to
Tenant a written estimate setting forth the anticipated cost of
Landlord’s Work, including, but not limited to, labor and
materials, architect’s fees, contractor’s fees and
permit fees. Within ten (10) days thereafter, Tenant shall either
notify Landlord in writing of its approval of the cost estimate, or
specify its objections thereto in reasonable detail and any desired
changes to the proposed Landlord’s Work. In the event Tenant
notifies Landlord of such objections and desired changes, Tenant
shall work with Landlord in good faith to alter the scope of
Landlord’s Work in order to reach a mutually acceptable
alternative cost estimate.

 

5. If Landlord’s
estimate (approved by Tenant) and/or the actual cost of
Landlord’s Work shall exceed the maximum Construction
Allowance (such excess being herein referred to as the
“Excess Costs”),
Tenant shall pay to Landlord such Excess Costs as pay applications
are presented to Landlord, reviewed, and approved, following the
payment terms of the construction contract. Landlord shall not be
required to proceed with Landlord’s Work until Tenant pays
such Excess Costs in the manner described and any delay in the
completion of Landlord’s Work due to a delay by Tenant in
making such payment shall be deemed a Delay pursuant to the Lease.
The invoices paid by Landlord to the contractors performing the
Landlord’s Work shall be conclusive for purposes of
determining the actual cost of the items described therein. Excess
Costs constitute Rent payable pursuant to the Lease, and the
failure to timely pay same constitutes an event of default under
the Lease. In the event the actual Excess Costs are less than any
estimated Excess Costs paid by Tenant to Landlord, Landlord shall
reimburse Tenant for the difference within fifteen (15) business
days after completion of Landlord’s Work.

 

 

 

 

6. If Tenant shall
request any changes to Landlord’s Work that are approved by
Landlord (the “Change
Orders”), Landlord shall have any necessary revisions
to the Plans prepared, and Tenant shall reimburse Landlord on
demand for the cost of preparing such revisions (subject to funding
through the Construction Allowance). Landlord shall notify Tenant
in writing of the estimated increased cost, if any, which will be
chargeable to Tenant by reason of such Change Orders, which
increased cost shall be (subject to funding through the
Construction Allowance) deemed Excess Costs hereunder and shall be
subject to the provisions of Paragraph 5 above. Tenant shall,
within five (5) business days after receiving Landlord’s
estimate of the cost of the Change Order, notify Landlord in
writing whether it desires to proceed with such Change Order. In
the absence of such written authorization, Landlord shall give
additional written notice thereof to Tenant and have the option to
continue work on the Premises disregarding the requested Change
Order, or Landlord may elect to discontinue work on the Premises
until it receives notice of Tenant’s decision, in which event
Tenant shall be responsible for any Delay in completion of
Landlord’s Work resulting therefrom. Following approval of
the Plans and the payment by Tenant of the required portion of the
Excess Costs, if any, Landlord shall cause Landlord’s Work to
be constructed substantially in accordance with the approved Plans,
so long as no default of Tenant (after the giving of applicable
notice and the expiration of applicable cure period) shall occur
under the Lease.

 

7. Following approval
of the Plans, Landlord shall cause Landlord’s Work to be
constructed substantially in accordance with the approved Plans, so
long as no default of Tenant (after the giving of applicable notice
and the expiration of applicable cure period) shall occur under the
Lease. Landlord shall notify Tenant upon substantial completion of
Landlord’s Work and the parties shall prepare a punch list of
items to be finalized by Landlord. The phrase “substantially complete” or
“substantial
completion” shall mean that (i) Landlord’s Work
has been completed except for such incomplete items as would not
materially interfere with the use of the Premises for the Permitted
Use, and (ii) a certificate of occupancy has been issued by the
applicable governmental authority for the Expansion
Premises.

 

8. If Landlord shall
be delayed in substantially completing Landlord’s Work as a
result of the occurrence of any of the following (a
“Delay”):

 

(a)

Tenant’s
failure to furnish information in accordance with this Work Letter
or to respond to any written request by Landlord for any approval
or information within any time period prescribed, or if no time
period is prescribed, then within five (5) business days of such
written request; or

 

(b)

Tenant’s
request for materials, finishes or installations that have long
lead times after having first been informed in writing by Landlord
that such materials, finishes or installations will cause a Delay;
or

 

(c)

Changes in any
plans and specifications requested by Tenant; or

 

(d)

The performance or
nonperformance by a person or entity employed by on or behalf of
Tenant in the completion of any work in the Premises (all such work
and such persons or entities being subject to prior approval of
Landlord); or

 

(e)

Any request by
Tenant that Landlord delay the completion of any component of
Landlord’s Work; or

 

(f)

Any breach or
default by Tenant in the performance of Tenant’s obligations
under the Lease; or

 

(g)

Tenant’s
failure to pay any amounts as and when due under this Work Letter;
or

 

(h)

Any delay resulting
from Tenant’s having taken possession of the Expansion
Premises for any reason (other than Tenant’s early access
rights under the Amendment) prior to substantial completion of
Landlord’s Work; or

 

(i)

Any other delay
chargeable to Tenant, its agents, employees or independent
contractors;

 

then,
for purposes of determining the EPCD, the date of substantial
completion shall be deemed to be the day that Landlord’s Work
would have been substantially completed absent any such Delay
(provided Landlord notifies Tenant in an email to Peter Greif
(pgreif@lightpath.com) within five (5) business days after the
occurrence of such Delay that such Delay has occurred).
Landlord’s Work shall be deemed to be substantially completed
on the date that Landlord’s Work has been performed (or would
have been performed absent any Delay), other than any details of
construction, mechanical adjustment or any other matter, the
non-completion of which does not materially interfere with
Tenant’s use of the Premises. Promptly after the
determination of the EPCD, Landlord and Tenant shall enter into the
Commencement Letter and Acceptance of Expansion Premises and Suite
110 Premises (the “Commencement Letter”) on the form
attached hereto as Exhibit C
setting forth the EPCD, the expiration date of the Lease and any
other dates that are affected by the adjustment of the EPCD. Tenant
shall also provide an Acceptance of Original Premises for
acceptance of the Original Premises in the form attached hereto.
Each of the Commencement Letter and Acceptance of Original Premises
shall identify any minor incomplete items of Landlord’s Work
which shall be identified during a walk-through of the Original
Premises or Expansion Premises and Suite 110 Premises, as
applicable, by Landlord and Tenant (the “Punchlist Items”), which Punchlist
Items Landlord shall promptly remedy. Tenant, within ten (10) days
after receipt thereof from Landlord, shall execute the Commencement
Letter or Acceptance of Original Premises and return the same to
Landlord.

 

9. This Work Letter
shall not be deemed applicable to any additional space hereafter
added to the Premises at any time or from time to time, whether by
any options under the Lease or otherwise, or to any portion of the
Premises or any additions thereto in the event of a future renewal
or extension of the Extension Lease Term, whether by any options
under the Lease or otherwise, unless expressly so provided in the
Lease or any amendment or supplement to the Lease. All capitalized
terms used in this Work Letter but not defined herein shall have
the same meanings ascribed to such terms in the Lease.

 

 

 

 

Attachment #1

 

 

●

As a part of
Landlord’s Work, Landlord (in accordance with the Plans) will
modernize Tenant’s roof top HEPA filtration system and
related roof top equipment and relocate the same below the roof
where reasonable and possible to do so. Patching of the roof
directly relating to such work, if any, shall be included in the
Landlord’s Work.

 

●

Landlord
acknowledges and agrees that Landlord has previously replaced the
sections of the roof of the Building except in the location of the
Tenant’s roof top HEPA filtration system and related roof top
equipment. Any roof work outside of the scope of patching,
including, but not limited to, any replacement of all or portions
of the roof (even if performed at Landlord’s election as
opposed to the patching contemplated above) shall be performed by
Landlord, but shall not be part of the Landlord’s Work, and
the cost and expense of the same shall be borne by
Landlord.

 

 

 

 

 

RENT SCHEDULE

 

[SEE
ATTACHED]

 

 

 

 

 

Rent Schedule for LightPath Lease – Amendment
Nine

CT3 – LIGHTPATH

Version 3: 8/31/2021

 

 

Premises:

58,531 (21,757 +
26,337 + 10,437)

 

	
Period

	
 
RSF

 

	
 
Annual Minimum
Rent

 

	
 
Monthly Minimum
Rent

 

	
 

	
 
 

 

	
 
 

 

	
 
 

 

	
EPCD-Month2**

	
 $- 

	
 $- 

	
 $- 

	
Months
3-12

	
 $15.25 

	
 $892,597.75 

	
 $74,383.15 

	
Months
13-24

	
 $15.71 

	
 $919,522.01 

	
 $76,626.83 

	
Months
25-36

	
 $16.18 

	
 $947,031.58 

	
 $78,919.30 

	
Months
37-48

	
 $16.67 

	
 $975,711.77 

	
 $81,309.31 

	
Months
49-60

	
 $17.17 

	
 $1,004,977.27 

	
 $83,748.11 

	
Months
61-72

	
 $17.69 

	
 $1,035,413.39 

	
 $86,284.45 

	
Months
73-84

	
 $18.22 

	
 $1,066,434.82 

	
 $88,869.57 

	
Months
85-96

	
 $18.77 

	
 $1,098,626.87 

	
 $91,552.24 

	
Months
97-108

	
 $19.33 

	
 $1,131,404.23 

	
 $94,283.69 

	
Months
109-120

	
 $19.91 

	
 $1,165,352.21 

	
 $97,112.68 

	
Months
121-127

	
 $20.51 

	
 $1,200,470.81 

	
 $100,039.23Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT
(the “Agreement”), dated August 27, 2021, is made and entered into by and between TELA BIO, INC., a Delaware corporation
(the “Company”), and ROBERTO CUCA (the “Executive”).

 

WHEREAS, the Company desires
to employ Executive, and Executive desires to be employed by the Company, on the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration
of the premises and the mutual covenants and agreements contained herein and intending to be bound hereby, the parties agree as follows:

 

1.              Duration
of Agreement. The Executive's term of employment by the Company under this Agreement shall commence on September 27, 2021, 2021 (the
 "Effective Date"). Unless terminated or amended in writing by the parties, this Agreement will govern the Executive’s
continued employment by the Company until that employment ceases in accordance with Section 5 hereof.

 

2.              Position;
Duties. The Executive will be employed as the Company’s Chief Financial Officer and Chief Operating Officer, reporting directly to the
Company’s Chief Executive Officer. In such position, the Executive shall perform such duties and shall have such authority
consistent with such position as may be assigned to his from time to time by the Company’s Board of Directors (the
 “Board”) and the Company’s Chief Executive Officer. The Executive shall devote his best efforts and all of
his business time and services to the Company and its Affiliates. The Executive shall not, in any capacity, engage in other business
activities or perform services for any other Person without the prior written consent of the Board; provided, however,
that without such consent, the Executive may engage in charitable or public service, so long as such activities do not interfere
with the Executive’s performance of his duties and obligations hereunder.

 

3.              Place of Performance.
The Executive may perform his services hereunder at, among other locations, the principal executive offices of the Company, the Executive’s
home office and/or during business-related travel.

 

4.             
Compensation.

 

4.1.            Base Salary. The
Executive’s annual salary will be $425,000 (the “Base Salary”). The Company shall pay the Base Salary, less
such withholdings and deductions as required by applicable law, to the Executive in accordance with the Company’s usual payroll
practices as in effect from time to time. The Base Salary shall be reviewed on an annual basis by the Board and may adjusted from time
to time by the Board; provided, however, that any decrease in the Base Salary shall be made only if the Company contemporaneously
decreases the salaries of all senior executives and vice presidents of the Company and the Executive’s Base Salary is decreased
by a percentage that is not greater than the average percentage by which the salaries of such other senior executives and vice presidents
are decreased.

 

     

     

    

 

4.2.            Annual Bonus. Executive
will be eligible to participate in an annual incentive program established by the Board or its Compensation Committee. Executive’s
annual incentive compensation under such incentive program (the “Annual Bonus”) shall be targeted at 50% of Executive’s
Base Salary (the “Target Bonus”). The Annual Bonus payable under the incentive program shall be based on the achievement
of performance goals to be determined by the Board or its Compensation Committee. Any Annual Bonus earned will be paid at the same time
annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the
date of payment, except as otherwise provided in Section 5.

 

4.3.            New Hire Equity Award.
Within 30 days following the Effective Date and subject to the Executive's continued employment through the date of grant, the Company
will grant to the Executive a stock option with respect to 144,000 shares of the Company's common stock (the “Initial Option”).
The Initial Option will have an exercise price per share equal to the fair market value of the Company’s common stock on the date
of grant. The Initial Option will vest and become exercisable as follows: 25% of the Initial Option will vest and become exercisable
on the first anniversary of the date of grant, and the remaining 75% of the Initial Option will vest and become exercisable in equal
monthly installments (on the last day of each of the 36 calendar months immediately following the first anniversary of the grant date),
subject in each case to the Executive's continued employment with the Company through the applicable vesting date. Unless otherwise determined
by the Board or its Compensation Committee, the Initial Option will be issued as a non-plan inducement award, as described in Nasdaq
Listing Rule 5635(c)(4).

 

4.4.           
Employee Benefits. The Executive will be eligible to participate in the employee benefit plans, policies or arrangements
maintained by the Company for its senior executive employees generally, subject to the terms and conditions of such plans, policies or
arrangements; provided, however, that this Agreement will not limit the Company’s ability to amend, modify or terminate such
plans, policies or arrangements at any time for any reason.

 

4.5.            Paid
Time Off. Subject to the terms and conditions of the Company’s policy, as may be amended from time to time, the Executive will
be eligible for four weeks of paid time off each calendar year.

 

4.6.            Reimbursement of Expenses.
The Company will pay or reimburse the Executive for all reasonable business expenses incurred or paid by the Executive in the performance
of his duties and responsibilities for the Company in accordance with the business expense reimbursement policies of the Company, as
may be amended from time to time.

 

5.              Termination; Severance.
The Executive’s employment hereunder shall terminate (i) on the date specified in a written notice from the Company that the Executive’s
employment with the Company will be terminated, (ii) on the date not less than 30 days following written notice from the Executive that
he is resigning from the Company, (iii) on the date of his death or (iv) on the date of his Disability, as reasonably determined by the
Company. Upon cessation of his employment for any reason, unless otherwise consented to in writing by the Board, the Executive shall
resign immediately from any and all officer, director and other positions he then holds with the Company and its Affiliates. Upon any
cessation of his employment with the Company, the Executive shall be entitled only to such compensation and benefits as described in
this Section 5.

 

    -2-

     

    

 

5.1.           Termination without
Cause or upon Good Reason. If the Executive’s employment by the Company ceases due to a termination by the Company without
Cause (as defined below) or a termination by the Executive for Good Reason (as defined below), the Company shall:

 

5.1.1.          pay to the Executive
all accrued and unpaid Base Salary through the termination date at the time such Base Salary would otherwise be paid according to the
Company’s usual payroll practices;

 

5.1.2.          pay to the Executive
any accrued and unpaid Annual Bonus for the year preceding the year in which the termination date occurs at the time such Annual Bonus
would otherwise be paid in accordance with Section 4.2, but in no event later than March 15 of the year immediately following
the year in which the termination date occurs;

 

5.1.3.          make severance payments
to the Executive in the form of continuation of the Executive’s then current Base Salary for a period of nine (9) months following
the termination date (or, if the termination occurs within the Change of Control Period, for a period of twelve (12) months following
the termination date), in accordance with the Company’s normal payroll practices (such 9- or 12-month period, as applicable, the
 “Severance Period”);

 

5.1.4.          provide to the Executive
a continuation of health, dental and vision insurance during the Severance Period and, to the extent that the continuation of such insurance
coverage is not permitted under the Company’s insurance policies, pay to the Executive a monthly cash amount equal to the monthly
cost of continued coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”); and

 

5.1.5.          in the event that
the termination occurs on or within the Change of Control Period, (i) pay to the Executive an amount equal to the Executive’s then
current Target Bonus, payable in the form of cash payments in regular installments over the Severance Period in accordance with the Company’s
normal payroll practices, (ii) pay to the Executive a pro-rated portion (based on the number of days Executive was employed by the Company
during the calendar year in which the termination date occurs) of the Annual Bonus that Executive would have earned for the year of termination
had Executive remained employed, as determined by the Board in good faith; provided that such pro-rated Annual Bonus shall be
paid out at the same time annual bonuses are paid generally to other executives of the Company for the relevant year, but in no event
later than March 15th of the year immediately following that in which the termination date occurs, and (iii) the vesting and,
if applicable, exercisability shall be accelerated (and, if applicable, all restrictions and rights of repurchase on such awards shall
lapse) effective as of immediately prior to the termination date with respect to 100% of the shares subject to the Executive’s
then outstanding equity awards; provided, however, that for any awards that vest in whole or in part based on the attainment of performance-vesting
conditions, only the service-vesting conditions (if any) of such award shall be deemed satisfied, while the performance-vesting conditions
of such award shall remain eligible to be achieved based upon actual performance over the remainder of the applicable performance period.

 

    -3-

     

    

 

5.1.6.          Except as otherwise
provided in this Section 5.1, all compensation and benefits will cease at the time of the Executive’s cessation of employment
and the Company will have no further liability or obligation by reason of such cessation of employment. The payments and benefits described
in this Section 5.1 are in lieu of, and not in addition to, any other severance arrangement maintained by the Company. Notwithstanding
any provision of this Agreement, the payments described in Section 5.1 (other than Section 5.1.1) are conditioned on: (a)
the Executive’s execution and delivery to the Company of a general release of claims against the Company and its Affiliates substantially
in form and substance satisfactory to the Company (the “Release”) and on such Release becoming irrevocable by the
60th day following the effective date of the Executive’s cessation of employment; and (b) the Executive’s continued
compliance with the provisions of the Restrictive Covenant Agreement (as defined below). Subject to Section 5.3 below, to the
extent that any payments under this Section 5.1 (other than Section 5.1.1) are delayed pending the Release becoming irrevocable,
the delayed amounts will be paid in a lump sum as soon as administratively practicable after the Release becomes irrevocable, provided
that if the 60 day period described above begins in one taxable year and ends in a second taxable year, the payment of the delayed amounts
and the commencement of the remaining payments shall not occur until the second taxable year.

 

5.2.            Other Terminations.
If the Executive’s employment with the Company ceases for any reason other than as described in Section 5.1 above (including
but not limited to (a) termination by the Company for Cause, (b) resignation by the Executive without Good Reason, (c) termination as
a result of the Executive’s Disability, or (d) the Executive’s death), then the Company’s obligation to the Executive
will be limited solely to the payment of accrued and unpaid Base Salary as described in Section 5.1.1 through the date of such
cessation of employment and, in the case of Executive’s death or Disability, any Annual Bonus as described in Section 5.1.2.
All compensation and benefits will cease at the time of such cessation of employment and, except as otherwise provided by COBRA, the
Company will have no further liability or obligation by reason of such termination. The foregoing will not be construed to limit the
Executive’s right to payment or reimbursement for claims incurred prior to the date of such termination under any insurance contract
funding an employee benefit plan, policy or arrangement of the Company in accordance with the terms of such insurance contract.

 

5.3.            Compliance with Section
409A. Notwithstanding anything to the contrary in this Agreement, no portion of the benefits or payments to be made under Section
5.1 will be payable until the Executive has a “separation from service” from the Company within the meaning of Section
409A of the Code. In addition, to the extent compliance with the requirements of Treas. Reg. § 1.409A-3(i)(2) (or any successor
provision) is necessary to avoid the application of an additional tax under Section 409A of the Code to payments due to the Executive
upon or following his “separation from service,” then notwithstanding any other provision of this Agreement (or any otherwise
applicable plan, policy, agreement or arrangement), any such payments that are otherwise due within six months following the Executive’s
 “separation from service” (taking into account the preceding sentence of this paragraph) will be deferred without interest
and paid to the Executive in a lump sum on the earlier of (i) the expiration of such six month period and (ii) the date of Executive’s
death. This paragraph should not be construed to prevent the application of Treas. Reg. § 1.409A-1 (b)(9)(iii) (or any successor
provision) to amounts payable hereunder. For purposes of the application of Section 409A of the Code, each payment in a series of payments
will be deemed a separate payment.

 

    -4-

     

    

 

6.              Restrictive Covenants.
As a condition to the effectiveness of this Agreement, the Executive will execute and deliver to the Company contemporaneously herewith
a Confidential Information, Non-Competition and Assignment Agreement in the form attached hereto as Exhibit A (the "Restrictive
Covenant Agreement"). The Executive agrees to abide by the terms of the Restrictive Covenant Agreement, which are hereby incorporated
by reference into this Agreement. The Executive acknowledges that the terms of the Restrictive Covenant Agreement shall continue to remain
in full force and effect following the cessation of the Executive's employment with the Company for any reason.

 

7.              Certain
Definitions. For purposes of this Agreement:

 

7.1.            “Affiliate”
means, with respect to any specified Person, any other Person that directly or indirectly, through one or more intermediaries, Controls,
is Controlled by, or is under common Control with, such specified Person, provided that, in any event, any business in which the Company
has any direct ownership interest shall be treated as an Affiliate of the Company.

 

7.2.            “Cause”
means (i) indictment, commission of, or the entry of a plea of guilty or no contest to, (A) a felony or (B) any crime (other than
a felony) that causes the Company or its Affiliates public disgrace or disrepute, or adversely affects the Company’s or its Affiliates’
operations or financial performance or the relationship the Company has with its Affiliates, customers and suppliers; (ii) commission
of an act of gross negligence, willful misconduct, fraud, embezzlement, theft or material dishonesty with respect to the Company or any
of its Affiliates; (iii) a breach of the Executive’s fiduciary duty of loyalty to the Company or any of its Affiliates; (iv) alcohol
abuse or use of controlled substances (other than prescription drugs taken in accordance with a physician’s prescription); (v)
material breach of any agreement with the Company or any of its Affiliates, including this Agreement and the Restrictive Covenant Agreement;
(vi) a material breach of any Company policy regarding employment practices; or (vii) refusal to perform the lawful directives of the
Board, if not cured within 30 days following receipt by the Executive from the Company of written notice thereof.

 

7.3.            “Change
of Control” means the occurrence, in a single transaction or in a series of related transactions, of any one or more of the
following events: (A) any sale, lease, exclusive license or other transfer of all or substantially all of the assets of the Company and
its Subsidiaries taken as a whole by means of a single transaction or series of related transactions, except where such sale, lease,
exclusive license or other transfer is to a wholly owned Subsidiary of the Company; or (B) any transaction or series of transactions
involving the Company, or its securities, whether by consolidation, merger, purchase of shares of capital stock or other reorganization
or combination or otherwise, in which the holders of the Company’s outstanding shares of capital stock immediately prior to such
transaction or series of related transactions own, immediately after such transaction or series of related transactions, securities representing
fifty percent (50%) or less of the voting power of the entity surviving such transaction or series of related transactions or the entity
whose securities are issued pursuant to such transaction or series of related transactions.

 

7.4.            “Change
of Control Period” means the period beginning on the date of the consummation of a Change in Control and ending on the first
anniversary of such date.

 

7.5.            “Code”
means the Internal Revenue Code of 1986, as amended.

 

    -5-

     

    

 

7.6.            “Control”
(including, with correlative meanings, the terms “Controlled by” and “under common Control with”), as used with
respect to any Person, means the direct or indirect possession of the power to direct or cause the direction of the management or policies
of such Person, whether through the ownership of voting securities, by contract or otherwise.

 

7.7.            “Disability”
means a condition entitling the Executive to benefits under the Company’s long term disability plan, policy or arrangement; provided,
however, that if no such plan, policy or arrangement is then maintained by the Company and applicable to the Executive, “Disability”
will mean the Executive’s inability to perform the essential duties of his position due to a mental or physical condition (other
than alcohol or substance abuse), with or without a reasonable accommodation. Termination as a result of a Disability will not be construed
as a termination by the Company “without Cause.”

 

7.8.            “Good Reason”
means one or more of the following: (i) a material reduction in the Executive’s title, duties, authority or responsibilities, provided
that a material reduction of the Executive’s title, duties, authority or responsibilities hereunder shall be deemed not to have
occurred if, following a Change of Control, (A) if the Company remains a separate entity, Executive is the most senior executive directly
responsible for the financial and accounting functions of the Company, or (B) if the Company does not remain a separate entity, Executive
is the most senior executive directly responsible for the financial and accounting functions of the portion of the acquiring entity that
is comprised of the former business of the Company; (ii) a material breach of this Agreement by the Company; (iii) a material reduction
in Base Salary or Target Bonus opportunity that is not in accordance with Section 4.1 and to which the Executive has not provided
written consent; or (iv) any requirement following a Change of Control that the Executive be based 50 or more miles from the principal
executive offices of the immediately prior to the Change of Control. The notice by the Executive of the condition constituting Good Reason
under this Agreement shall be provided to the Company in writing within ninety (90) days of the initial existence of the condition constituting
Good Reason, the Company shall then have thirty (30) days after receipt of such written notice to remedy the condition, and in the event
the Company fails to remedy the condition, the Executive’s resignation based on such Good Reason must be effective within thirty
(30) days after the expiration of such remedy period.

 

7.9.            “Person”
means any individual, firm, corporation, partnership, limited liability company, trust, joint venture, association, governmental entity,
unincorporated entity or other entity.

 

7.10.          “Subsidiary”
means any corporation, limited liability company, partnership or other entity of which a majority of the outstanding voting stock or
voting power is beneficially owned directly or indirectly by the Company.

 

8.              Miscellaneous.

 

8.1.            Cooperation.
The Executive further agrees that, subject to reimbursement of his reasonable expenses, he will cooperate fully with the Company and
its counsel with respect to any matter (including litigation, investigations, or governmental proceedings) in which the Executive was
in any way involved during his employment with the Company. The Executive shall render such cooperation in a timely manner on reasonable
notice from the Company, so long as the Company exercises commercially reasonable efforts to schedule and limit its need for the Executive’s
cooperation under this paragraph so as not to interfere with the Executive’s other personal and professional commitments.

 

    -6-

     

    

 

8.2.           Section 409A.

 

8.2.1.          Notwithstanding anything
herein to the contrary or otherwise, except to the extent any expense, reimbursement or in-kind benefit provided to the Executive does
not constitute a “deferral of compensation” within the meaning of Section 409A of the Code, and its implementing regulations
and guidance, (i) the amount of expenses eligible for reimbursement or in-kind benefits provided to the Executive during any calendar
year will not affect the amount of expenses eligible for reimbursement or in-kind benefits provided to the Executive in any other calendar
year, (ii) the reimbursements for expenses for which the Executive is entitled to be reimbursed shall be made on or before the last day
of the calendar year following the calendar year in which the applicable expense is incurred and (iii) the right to payment or reimbursement
or in-kind benefits hereunder may not be liquidated or exchanged for any other benefit.

 

8.2.2.          Anything to the contrary
herein notwithstanding, all benefits or payments provided by the Company to the Executive that would be deemed to constitute “nonqualified
deferred compensation” within the meaning of Section 409A of the Code are intended to comply with Section 409A of the Code. Notwithstanding
anything in this Agreement to the contrary, distributions may only be made under this Agreement upon an event and in a manner permitted
by Section 409A of the Code or an applicable exemption. Nonetheless, the Company does not guaranty the tax treatment of any compensation
payable to the Executive.

 

8.3.           Section 280G.
Notwithstanding any other provision of this Agreement, in the event that any payment or benefit by the Company or otherwise to or for
the benefit of Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise
(all such payments and benefits, including the payments and benefits under Section 5 above, being hereinafter referred to as the
 “Total Payments”), would be subject (in whole or in part) to the excise tax imposed by Section 4999 of the Code
(the “Excise Tax”), then the Total Payments shall be reduced to the minimum extent necessary to avoid the imposition
of the Excise Tax on the Total Payments, but only if (i) the net amount of such Total Payments, as so reduced (and after subtracting
the net amount of federal, state and local income and employment taxes on such reduced Total Payments and after taking into account the
phase out of itemized deductions and personal exemptions attributable to such reduced Total Payments), is greater than or equal to (ii)
the net amount of such Total Payments without such reduction (but after subtracting the net amount of federal, state and local income
and employment taxes on such Total Payments and the amount of the Excise Tax to which Executive would be subject in respect of such unreduced
Total Payments and after taking into account the phase out of itemized deductions and personal exemptions attributable to such unreduced
Total Payments). The reduction of the Total Payments contemplated in this ‎Section 8.3 shall be implemented by determining
the Parachute Payment Ratio (as defined below), as determined in good faith by the Company (or its successor), for each Total Payment
and then reducing the Total Payments in order beginning with the Total Payment with the highest Parachute Payment Ratio. For Total Payments
with the same Parachute Payment Ratio, such Total Payments shall be reduced based on the time of payment of such Total Payments, with
amounts having later payment dates being reduced first. For Total Payments with the same Parachute Payment Ratio and the same time of
payment, such Total Payments shall be reduced on a pro rata basis (but not below zero) prior to reducing Total Payments with a lower
Parachute Payment Ratio. For purposes hereof, the term “Parachute Payment Ratio” shall mean a fraction, (x) the numerator
of which is the value of the applicable Total Payment (as calculated for purposes of Section 280G of the Code), and (y) the denominator
of which is the intrinsic (i.e., economic) value of such Total Payment.

 

    -7-

     

    

 

8.4.            Other Agreements.
The Executive represents and warrants to the Company that there are no restrictions, agreements, including but not limited to confidentiality,
non-compete, invention assignment, or consulting agreements, or understandings whatsoever to which he is a party that would prevent or
make unlawful his execution of this Agreement, that would be inconsistent or in conflict with this Agreement or the Executive’s
obligations hereunder, or that would otherwise prevent, limit or impair the performance by the Executive of his duties under this Agreement.

 

8.5.            Successors
and Assigns. The Company may assign this Agreement to any Affiliate or to any successor to its assets and business by means of liquidation,
dissolution, merger, sale of assets or otherwise. Upon such assignment, the rights and obligations of the Company hereunder shall become
the rights and obligations of such Affiliate or successor. For avoidance of doubt, a termination of the Executive’s employment
by the Company in connection with a permitted assignment of the Company’s rights and obligations under this Agreement is not a
termination “without Cause” so long as the assignee offers employment to the Executive substantially on the terms herein
specified (without regard to whether the Executive accepts employment with the assignee). The rights and duties of the Executive hereunder
are personal to Executive and may not be assigned by him.

 

8.6.            Governing Law
and Enforcement. This Agreement will be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania,
without regard to the principles of conflicts of laws. Any legal proceeding arising out of or relating to this Agreement will be instituted
in a state or federal court in the Commonwealth of Pennsylvania, and the Executive and the Company hereby consent to the personal and
exclusive jurisdiction of such court(s) and hereby waive any objection(s) that they may have to personal jurisdiction, the laying of
venue of any such proceeding and any claim or defense of inconvenient forum.

 

8.7.            Waivers. The waiver
by either party of any right hereunder or of any breach by the other party will not be deemed a waiver of any other right hereunder or
of any other breach by the other party. No waiver will be deemed to have occurred unless set forth in writing. No waiver will constitute
a continuing waiver unless specifically stated, and any waiver will operate only as to the specific term or condition waived.

 

8.8.            Severability. Whenever
possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law. However,
if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability
will not affect any other provision, and this Agreement will be reformed, construed and enforced as though the invalid, illegal or unenforceable
provision had never been herein contained.

 

    -8-

     

    

 

8.9.            Survival.
This Agreement will survive the cessation of the Executive’s employment to the extent necessary to fulfill the purposes and intent
of this Agreement.

 

8.10.          Notices.
Any notice or communication required or permitted under this Agreement will be made in writing and (a) sent by reputable overnight courier,
(b) mailed by overnight U.S. express mail, return receipt requested or (c) sent by telefax. Any notice or communication to the Executive
will be sent to the address contained in his personnel file. Any notice or communication to the Company will be sent to the Company’s
principal executive offices, to the attention of the Chief Executive Officer. Notwithstanding the foregoing, either party may change
the address for notices or communications hereunder by providing written notice to the other in the manner specified in this paragraph.

 

8.11.          Withholding.
All payments (or transfers of property) to the Executive will be subject to tax withholding to the extent required by applicable law.

 

8.12.          Section Headings.
The headings of sections and paragraphs of this Agreement are inserted for convenience only and will not in any way affect the meaning
or construction of any provision of this Agreement.

 

8.13.          Counterparts;
Facsimile. This Agreement may be executed in multiple counterparts (including by facsimile signature), each of which will be deemed
to be an original, but all of which together will constitute but one and the same instrument.

 

8.14.          Entire Agreement; Amendments.
This Agreement contains the entire agreement and understanding of the parties hereto relating to the subject matter hereof, and supersedes
all prior discussions, agreements and understandings of every nature relating to that subject matter. This Agreement may not be changed
or modified, except by an agreement in writing signed by each of the parties hereto.

 

8.15.          Policies.
Executive acknowledges that Executive shall be subject to, and hereby agrees to abide by the terms of, Company policies in effect from
time to time, including, without limitation, any clawback or recoupment policies, securities trading policies and stock ownership guidelines.

 

    -9-

     

    

 

IN WITNESS WHEREOF, the Company has caused this
Agreement to be executed by its duly authorized officer, and the Executive has executed this Agreement, in each case on the date first
above written.

 

	 	COMPANY:
	 	 
	 	TELA Bio, Inc.
	 	 
	 	By:	/s/
    Antony Koblish
	 	Name: 	Antony Koblish
	 	Title: 	Chief Executive Officer
	 	 
	 	EXECUTIVE:
	 	 
	 	By:	/s/ Roberto Cuca
	 	Name:	Roberto Cuca
	 	Title:	Chief Financial Officer & Chief Operations Officer

 

(Signature Page to Employment Agreement)

 

     

     

    

 

Exhibit A

 

[Restrictive Covenant Agreement]

 

    A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}]]