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                                                                   EXHIBIT 10(B)

                                JOHNSON & JOHNSON

                             2000 STOCK OPTION PLAN

                         (As amended February 10, 2003)

1.PURPOSE

The purpose of the Johnson & Johnson 2000 Stock Option Plan (the "Plan") is to
promote the interests of Johnson & Johnson (the "Company") by ensuring
continuity of management and increased incentive on the part of officers and
executive employees responsible for major contributions to effective management,
through facilitating their acquisition of an equity interest in the Company on
reasonable terms.

2.ADMINISTRATION

The Plan shall be administered by the Compensation Committee of the Board of
Directors (the "Committee"). The Committee shall consist of not less than three
directors. No person shall be eligible to continue to serve as a member of such
Committee unless such person is a "Non-Employee Director" within the meaning of
Rule 16b-3 of the General Rules and Regulations under the Securities Exchange
Act of 1934, as amended, and an "outside director" within the meaning of Section
162(m) of the Internal Revenue Code of 1986, as amended (the "Internal Revenue
Code"). The Committee shall have the power to select optionees, to establish the
number of shares and other terms applicable to each such option, to construe the
provisions of the Plan, and to adopt rules and regulations governing the
administration of the Plan.

The Board of Directors, within its discretion, shall have authority to amend the
Plan and the terms of any option issued hereunder without the necessity of
obtaining further approval of the shareowners, unless such approval is required
by law. Notwithstanding the foregoing, except for any stock split, adjustment or
other change in the corporate structure or shares of the Company as contemplated
under Section 6(A)(v) hereof, the Company shall neither lower the exercise price
of any option granted under the Plan nor grant any option hereunder in
replacement of an option which had previously been granted at a higher exercise
price, without the approval of the shareowners.

3.ELIGIBILITY

Those eligible to participate in the Plan will be selected by the Committee from
the following:

(1)   Directors.

(2)   Officers and other key employees of the Company and its domestic
      subsidiaries.

(3)   Key employees of subsidiaries outside the United States.

(4)   Key employees of a joint venture operation of the Company or its
      subsidiaries and key employees of joint venture partners who are assigned
      to such a joint venture.
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In all cases, optionees shall be selected on the basis of demonstrated ability
to contribute substantially to the effective management or financial performance
of the Company or its subsidiaries.

In no event shall an option be granted to any individual who, immediately after
such option is granted, is considered to own stock possessing more than 10% of
the combined voting power of all classes of stock of Johnson & Johnson or any of
its subsidiaries within the meaning of Section 422 of the Internal Revenue Code.

4.ALLOTMENT OF SHARES

The amount of Common Stock of the Company (par value $1.00 per share) that may
be made subject to grants of options under the Plan in any calendar year shall
not exceed an amount equal to 1.6 percent of the issued shares of the Company's
Common Stock (including Treasury Shares) on January 1 of such year, plus (i) the
number of shares that were available for grants in the previous year under the
Plan but were not made subject to a grant in such previous year and (ii) the
number of shares that were covered by options granted under the Plan which
options lapsed, expired or terminated in the previous year without being
exercised. Notwithstanding the foregoing, no more than 75 million shares in the
aggregate shall be available for issuance as incentive stock options under the
Plan.

The total number of shares which may be awarded under the Plan to any optionee
in any one year shall not exceed the lesser of (x) 5% of the total shares
allotted to the Plan for such year and (y) 2 million shares. The Committee may,
in its discretion, issue upon exercise of any option Treasury Shares or
authorized but unissued shares.

5.EFFECTIVE DATE AND TERM OF PLAN

The Plan, if approved by the shareowners of the Company, shall become effective
on April 19, 2000. No option shall be granted pursuant to this Plan later than
April 18, 2005, but the rights of optionees under options theretofore granted to
them will not be affected, and all unexpired options will continue in force and
operation thereafter, except as such options may lapse or be terminated in
accordance with their terms and conditions.

6.TERMS AND CONDITIONS

A.ALL OPTIONS

         The following shall apply to all options granted under the Plan:

(i) Option Price

         The option price per share for each stock option shall be determined by
the Committee and shall not be less than the fair market value on the date the
option is granted. The fair market value shall be determined as prescribed by
the Internal Revenue Code and Regulations.

(ii) Time of Exercise of Option

         The Committee shall establish the time or times within the option
period when the stock option may be exercised in whole or in such parts as may
be
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specified from time to time by the Committee. With respect to an optionee whose
employment has terminated by reason of death, disability or retirement, the
Committee may in its discretion accelerate the time or times when any particular
stock option held by said optionee may be so exercised so that such time or
times are earlier than those originally provided in said option. In all cases
exercise of a stock option shall be subject to the provisions of Section 6B(ii)
or 6C(iii), as the case may be. The Committee shall determine, either at the
time of grant or later, whether and to what extent and under what circumstances,
the delivery of shares issuable in connection with the exercise of a
non-qualified option may be deferred at the election of the optionee.

(iii) Payment

         The entire option price may be paid at the time the option is
exercised. When an option is exercised prior to termination of employment, the
Committee shall have the discretion to arrange for the payment of such price, in
whole or in part, in installments. In such cases, the Committee shall obtain
such evidence of the optionee's obligation, establish such interest rate and
require such security as it may deem appropriate for the adequate protection of
the Company.

(iv) Non-Transferability of Option

         Unless otherwise specified by the Committee to the contrary, an option
by its terms shall not be transferable by the optionee otherwise than by will or
by the laws of descent and distribution and shall be exercisable during the
optionee's lifetime only by the optionee. The Committee may, in the manner
established by the Committee, provide for the transfer, without payment of
consideration, of a non-qualified option by an optionee to a member of the
optionee's immediate family or to a trust or partnership whose beneficiaries are
members of the optionee's immediate family. In such case, the option shall be
exercisable only by such transferee. For purposes of this provision, an
optionee's "immediate family" shall mean the holder's spouse, children and
grandchildren.

(v) Adjustment in Event of Recapitalization of the Company

         In the event of a reorganization, recapitalization, stock split, stock
dividend, combination of shares, merger, consolidation, rights offering, or any
other change in the corporate structure or shares of the Company, the Board of
Directors shall make such adjustment as it may deem equitably required in the
number and kind of shares authorized by and for the Plan, the number and kind of
shares covered by the options granted, the number of shares which may be awarded
to an optionee in any one year, and the option price.

(vi) Rights after Termination of Employment

         (1)      In the event of termination of employment due to any cause
                  other than death, disability or retirement, rights to exercise
                  the stock option shall cease, except for those which have
                  accrued to and including the "date of termination" (as defined
                  below), unless the Committee shall otherwise specify. These
                  rights shall remain exercisable for a period of three (3)
                  months after the date of termination, or such longer period
                  (not to exceed three (3) years) as the Committee shall
                  provide.
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         (2)      In the event of termination of employment due to death or
                  disability, rights to exercise the stock option shall cease,
                  except for those which have accrued to and including the date
                  of termination, unless the Committee shall otherwise specify.
                  These rights shall remain exercisable for a period of three
                  (3) years or such longer period (not to exceed the term of the
                  option) as the Committee shall provide.

                  Notwithstanding the above, in the event such termination of
                  employment due to death or disability occurs with optionee
                  having at least ten (10) years of service, any unexercised or
                  unexercisable portion of the stock option may be exercised in
                  whole or in part during the remaining term of the option at
                  such times and to the extent the optionee could have exercised
                  such stock option had the optionee's employment not
                  terminated.

         (3)      In the event of retirement (unrelated to termination for
                  cause, as defined below, which shall be governed by the
                  provisions of (1) above) rights to exercise the stock option
                  shall cease, except for those which have accrued to and
                  including the date of termination, unless the Committee shall
                  otherwise specify. These rights shall remain exercisable for a
                  period of three (3) years, or such longer period (not to
                  exceed the term of the option) as the Committee shall provide,
                  provided, however, that in the event the optionee is "employed
                  by a competitor" (as defined below) within two (2) years from
                  the date of such retirement, no rights may be exercisable
                  beyond a date which is three (3) months after the commencement
                  of such employment with a competitor.

                  Notwithstanding the above, in the event such retirement
                  (unrelated to termination for cause which shall be governed by
                  the provisions of (1) above) occurs with optionee having at
                  least ten (10) years of service, any unexercised or
                  unexercisable portions of the stock option may be exercised in
                  whole or in part during the remaining term of the stock option
                  at such times and to the extent the optionee could have
                  exercised such stock option had the optionee's employment not
                  terminated, provided, however, that in the event the optionee
                  is employed by a competitor within two (2) years from the date
                  of such retirement, (i) any unexercisable portion of the stock
                  option shall terminate immediately and (ii) no rights may be
                  exercisable beyond a date which is three (3) months after the
                  commencement of such employment with a competitor.

         (4)      No stock option shall, in any event, be exercised after the
                  expiration of 10 years from the date such option is granted,
                  or such earlier date as may be specified in the option. In
                  addition, any stock option granted within six (6) months of
                  termination of employment due to any cause whatsoever shall be
                  void unless the Committee shall otherwise provide.

         (5)      As used in the Plan:

                  (i) The term "termination for cause" shall mean optionee's
                  termination by the Company or any of its subsidiaries in
                  connection with the violation of any federal or state law,
                  dishonesty, the willful and deliberate failure on the part of
                  an optionee to perform his/her employment duties in any
                  material respect or such other events, including the existence
                  of a conflict of interest, as the Management Compensation
                  Committee may determine. Such committee shall
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                  have the sole discretion to determine whether a "termination
                  for cause" exists, and its determination shall be final.

                  (ii) The term "employed by a competitor" shall mean the
                  optionee's engaging in any activity or providing services,
                  whether as director, employee, advisor, consultant or
                  otherwise, for any corporation or other entity which is a
                  competitor of the Company or any of its subsidiaries. The
                  Management Compensation Committee shall have the sole
                  discretion to determine if an optionee is "employed by a
                  competitor", and its determination shall be final.

                  (iii) The term "date of termination" shall mean the last date
                  on which the optionee was in an active employment status.
                  Specifically, in the event an optionee is covered by a
                  severance agreement or arrangement, the "date of termination"
                  shall be the last day date of active employment, not the date
                  corresponding to the end of the severance period.

B. NON-QUALIFIED STOCK OPTIONS

         The Committee may, in its discretion, grant options under the Plan
which, in whole or in part, do not qualify as incentive stock options under
Section 422 of the Internal Revenue Code. In addition to the terms and
conditions set forth in Section 6A above, the following terms and conditions
shall govern any option (or portion thereof) to the extent that it does not so
qualify.

         (i)      Form of Payment

                  Payment of the option price of any option (or portion thereof)
         not qualifying as an incentive stock option shall be made in cash or,
         in the discretion of the Committee, in the Common Stock of the Company
         valued at its fair market value (as the same shall be determined by the
         Committee), or a combination of such Common Stock and cash. Where
         payment of the option price is to be made with Common Stock acquired
         under a Company compensation plan (within the meaning of Opinion No. 25
         of the Accounting Principles Board), such Common Stock will not be
         accepted as payment unless the optionee has beneficially owned such
         Common Stock for at least six months (increased to one year if such
         Common Stock was acquired under an incentive stock option) prior to
         such payment.

         (ii)     Period of Option

                  The exercise period of each non-qualified stock option by its
         terms shall not be more than l0 years from the date the option is
         granted as specified by the Committee.

C. INCENTIVE STOCK OPTIONS

         The Committee may, in its discretion, grant options under the Plan
which qualify in whole or in part as incentive stock options under Section 422
of the Internal Revenue Code. In addition to the terms and conditions set forth
in Section 6A above, the following terms and conditions shall govern any option
(or portion thereof) to the extent that it so qualifies:
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           (i)      Maximum Fair Market Value of Incentive Stock Options

                    The aggregate fair market value (determined as of the time
          such option is granted) of the Common Stock for which any optionee may
          have stock options which first become vested in any calendar year
          (under all incentive stock option plans of the Company and its
          subsidiaries) shall not exceed $100,000.

           (ii)     Form of Payment

                    Payment of the option price for incentive stock options
           shall be made in cash or in the Common Stock of the Company valued at
           its fair market value (as the same shall be determined by the
           Committee), or a combination of such Common Stock and cash. Where
           payment of the option price is to be made with Common Stock acquired
           under a Company compensation plan (within the meaning of Opinion No.
           25 of the Accounting Principles Board), such Common Stock will not be
           accepted as payment unless the optionee has beneficially owned such
           Common Stock for at least six months (increased to one year if such
           Common Stock was acquired under an incentive stock option) prior to
           such payment.

           (iii)    Period of Option

                    The exercise period of each incentive stock option by its
           terms shall not be more than l0 years from the date the option is
           granted as specified by the Committee.

D.         Options for Non-Employee Directors

           Notwithstanding the foregoing, in the event of any inconsistency
between the terms and conditions above and the following terms and conditions,
the following terms and conditions shall govern the stock options granted to
non-employee directors of the Board of Directors:

          (i) The Committee shall establish the time or times within the option
         period when the stock option may be exercised in whole or in such parts
         as may be specified from time to time by the Committee; provided
         however that each option shall become 100% exercisable upon the
         completion of a non-employee director's Board service.

         (ii) If a non-employee director completes his or her service as a
         director of the Company for any reason (other than death), their
         options may be exercised at any time during the remainder of the option
         term.

         (iii) In the event of a non-employee director's death, regardless of
         whether he or she is still serving as a director, the option may be
         exercised, subject to the provisions of Section 6B (ii) above, within
         three (3) years after death by his or her estate or by any person who
         acquires such option by inheritance or devise. Thereafter, such rights
         shall lapse.<PAGE>
                                                                  EXHIBIT  10(H)

                                JOHNSON & JOHNSON
                         DEFERRED FEE PLAN FOR DIRECTORS

                        (Amended as of December 4, 2002)

         1. Purpose. The purpose of the Johnson & Johnson Deferred Fee Plan for
Directors (the "Plan") is to provide outside Directors of Johnson & Johnson (the
"Company") the opportunity to defer receipt of compensation earned as a Director
to a date following termination of such service. The provision of such an
opportunity is designed to aid the Company in attracting and retaining as
members of its Board of Directors persons whose abilities, experience and
judgment can contribute to the well being of the Company.

         2. Effective Date. The original effective date of the Plan was January
1, 1983. The Plan was amended in its entirety, effective as of January 1, 1995
and again as of December 5, 1996.

         3. Eligibility. Any Director of the Company who is not also an Employee
of the Company or any related company shall participate in the Plan.

         4. Deferred Compensation Account. A deferred compensation account shall
be established for each Director.

         5. Amount of Deferral. Each participant shall (effective January 1,
1997) be required to defer receipt of Twenty Thousand Dollars ($20,000.) of
his/her annual fee for serving on the Board of Directors (the "Required
Deferral"). In addition, a participant may elect to defer receipt of all or a
specified part of any remaining compensation payable to the participant for
serving on the Board of Directors or for serving on committees of the Board of
Directors of the Company. An amount equal to all deferred compensation will be
credited to the participant's deferred compensation account on a quarterly basis
as of the dividend payment date in each quarter (the "Payment Date"). In the
event that there shall not be a dividend payment date in any quarter, then the
Payment Date shall be deemed to be the last business day of such quarter.

         6.   Deferred Compensation Account - Hypothetical Investment Options.

         (a) All Required Deferrals and, unless otherwise specified by the
participant pursuant to the terms of paragraph (b) of this Section 6, all
amounts elected to be deferred under this Plan for any calendar year shall be
credited to the participant's deferred compensation account, converted into
equivalent units of Johnson & Johnson Common Stock ("Company Stock") and
adjusted as if the compensation deferred had been invested in Company Stock as
of the Payment Date, until the date of final payment pursuant to Section 9
hereof ("Company Stock Equivalent Units"). The number of Company Stock
Equivalent Units shall be determined by dividing the amount of compensation
payable by the average of the high and low price of the Company Stock as traded
on the New York Stock Exchange on the trading day immediately prior to the
Payment Date, as reported by Bloomberg (or another financial reporting service
selected by the Company in its sole discretion). The number of Company Stock
Equivalent Units included in a participant's deferred compensation account shall
be adjusted to reflect dividends and the value of such account shall be adjusted
to reflect increases or decreases in market value which would have resulted had
funds equal to the balance of
<PAGE>

the participant's deferred compensation account been invested in Company Stock.
Nothing herein obligates the Company to purchase any such Company Stock; and if
such Company Stock is purchased, it shall remain the sole property of the
Company.

         (b) Except with respect to the Required Deferral amount, at the
election of each participant, to be made as provided for in Section 7, each
deferred compensation account will be credited with interest from the Payment
Date, until the date of final payment pursuant to Section 9 hereof, at a rate
equal to the annual rate of growth of investment in the Johnson & Johnson
Certificate of Extra Compensation Plan (the "CEC Plan"), for the prior year
provided, however, that the computation of said growth rate shall not include
dividend equivalents paid under the CEC Plan. The election permitted under this
Section 6(b) shall not be available to any participant who becomes a participant
in the Plan after December 31, 1995.

         (c) With respect to Company Stock Equivalent Units in a deferred
compensation account, the Company shall credit such account on each dividend
payment date declared with respect to the Company's Stock, a number of Company
Stock Equivalent Units equal to: (i) the product of (y) the dividend per share
of the Company's Stock which is payable as of the dividend payment date,
multiplied by (z) the number of Company Stock Equivalent Units credited to such
account as of the applicable dividend record date, divided by (ii) the average
of the high and low price of the Company Stock as traded on the New York Stock
Exchange on the trading day immediately prior to the dividend payment date, as
reported by Bloomberg (or another financial reporting service selected by the
Company in its sole discretion). Fractional Company Stock Equivalent Units shall
be carried forward and fractional dividend equivalent units shall be payable
thereon.

         (d) All account balances in Company Stock Equivalent Units from the
Company's Retirement Plan for Nonemployee Directors which have been transferred
to his/her deferred compensation account under this Plan, as of January 1, 1995,
by reason of the termination of such Retirement Plan, shall be treated for
purposes of this Plan as Required Deferrals.

         7. Time of Election of Deferral. Except as to Required Deferrals, which
shall at all times be held in Company Stock Equivalent Units, a participant may
change (i) the amount of compensation deferred and/or (ii) the option elected
under Section 6 with respect to his/her account and deferrals for subsequent
years, once annually in December by completing forms provided by the Company for
that purpose. Any such change shall become effective on January 1 of the
following year. If a participant elects to change his/her investment option
available under Section 6, the participant's account shall be valued as of
December 31 with that value being entered into his/her account under the new
investment option as of the following January 1 (except if such change is to
Company Stock Equivalent Units, the first trading day following such January 1
shall be used).

         8. Value of Deferred Compensation Account. The value of each
participant's deferred compensation account shall, as the case may be, include
compensation deferred, interest credited thereon, if any, and any adjustments
for dividends, and increases or decreases in the market value of Company Stock,
pursuant to the option selected under Section 6 or as otherwise required under
the Plan. If the Company Stock does not trade on any date a calculation of
Common Stock Equivalent Units is to be made under the Plan, the next preceding
date on which such stock was traded shall be utilized.
<PAGE>

         9. Payment of Deferred Compensation. Upon a participant's completion of
service as a member of the Board of Directors (the "Completion Date"), each
participant (or in the event of the participant's death, the named beneficiary
or his/her estate) shall be entitled to receive in cash in a lump sum the value
of his/her deferred compensation account as of the Completion Date, unless such
participant has elected, pursuant to the provisions of Section 10 below, to
further defer payment of his/her deferred compensation account beyond such
Completion Date. Company Stock Equivalent Units shall be valued at the average
of the high and low price of the Company's Stock as traded on the New York Stock
Exchange on the trading day immediately prior to such date, as reported by
Bloomberg (or another financial reporting service selected by the Company in its
sole discretion). No withdrawal may be made from the participant's deferred
compensation account prior to the Completion Date. The value of a participant's
deferred compensation account shall, subject to any further election made
pursuant to Section 10 below, be paid as soon as practicable following the
Completion Date or death.

         10. Further Deferral Election. In addition to the deferral elections
referred to above, a participant may also elect (in the manner provided for
below) to continue to defer the receipt of his/her deferred compensation account
beyond his/her Completion Date. The value of a participant's account on his/her
Completion Date may be deferred for up to 10 taxable years following such
Completion Date. If installments are elected, the first installment payment may
be made immediately at the Completion Date or be deferred for up to 10 taxable
years. Installment payments will be made annually (in the manner described
below) in approximately equal amounts (i.e. the balance of the account). The
minimum number of installments is two and the maximum number is 10 provided,
however, that all payments shall be made within ten (10) years of the Completion
Date. A participant may elect to defer up to 100% of the value of his/her
account at the Completion Date; or any percentage increment less than that. All
deferred or installment payments shall be made in cash. The following additional
rules shall apply:

         a) Immediate Lump Sum Payment. The participant will receive the full
value of his/her account in the calendar month of his/her Completion Date.

         b) Deferred Lump Sum Payment. The participant will receive the full
value of his/her account on or about January 15 of the year he/she elects to
receive payment in.

         c) Immediate Commencement of Installments. The participant will receive
the first installment in the calendar month of his/her Completion Date. All
subsequent installments on or about January 15 of each year.

         d) Deferred Commencement of Installments. The participant will receive
the first and all subsequent installments on or about January 15 of each year.

         e) In the event of death of a participant, the Company will make
payment in full of the balance of an account, as soon as administratively
practical in a single lump sum payment to the designated beneficiary or his/her
estate.

         f) In making any payment due on or about January 15, the value of a
participant's account on the first trading day of such month shall be utilized.

         Any and all deferrals following a Completion Date shall be invested in
Company Stock Equivalent Units described in Section 6(a) above. To the extent a
participant's account was credited with the annual growth rate of an investment
in the CEC Plan (as
<PAGE>

described in Section 6(b) above), such account shall be converted to Common
Stock Equivalent units as of the Completion Date.

         An election by a participant to defer payment or elect installments of
all or a part of his/her deferred compensation account beyond the Completion
Date must be made a minimum of twelve (12) months prior to such Completion Date.
Any such election may be revised or revoked up to twelve (12) months prior to
such Completion Date; after such time any election may not be revoked or
otherwise revised.

         Notwithstanding the above and upon implementation of the Plan, an
exception has been made for participants having a Completion Date during 1997.
For such participants, the deferral and or installment election must be made a
minimum of three (3) months and in the calendar year prior to the Completion
Date. For example, a participant having a Completion Date of April 1, 1997, must
make the deferral and/or installment election no later than December 31, 1996.
Any such election to defer and/or receive installment payments may only be
revised or revoked prior to the last permissible date for making such election.
After such time the election may not be revoked or otherwise revised.

         An election to defer payment and/or be paid in installments beyond a
Completion Date is effective only when filed with Extra Compensation Services on
the form utilized for such purposes. Any election made after the required
deadline shall be disregarded.

         11. Designation of Beneficiary. Each participant may, from time to
time, by writing filed with the Secretary of the Company, designate any legal or
natural person or persons (who may be designated contingently or successively)
to whom payments of a participant's deferred compensation account are to be made
if a participant dies prior to the receipt of payment of such account. A
beneficiary designation will be effective only if the signed form is filed with
the Secretary of the Company while the participant is alive and will cancel all
beneficiary designation forms filed earlier. If a participant fails to designate
a beneficiary as provided above, or if all designated beneficiaries die before
the participant or before complete payment of the deferred compensation account,
such account shall be paid to the estate of the last to die of the participant
and designated beneficiaries as soon as practicable after such death.

         12. Participant's Rights Unsecured. The right of any participant to
receive payment under the provisions of the Plan shall be an unsecured claim
against the general assets of the Company, and no provisions contained in the
Plan shall be construed to give any participant or beneficiary at any time a
security interest in any deferred compensation account or any other asset in
trust with the Company for the benefit of any participant or beneficiary.

         13. Statement of Account. A statement will be sent to participants as
soon as practical following the end of each year as to the value of his/her
deferred compensation account as of December 31 of such year.

         14. Assignability. No right to receive payments hereunder shall be
transferable or assignable by a participant or a beneficiary, except by will or
by the laws of descent and distribution.

         15. Administration of the Plan. The Plan shall be administered by a
Committee appointed by and responsible to the Board of Directors. The Committee
shall consist of no less than three Directors of the Company. The Committee
shall act by vote or written consent of a majority of its members.
<PAGE>

         16. Amendment or Termination of Plan. This Plan may at any time or from
time to time be amended, modified or terminated by the Compensation Committee of
the Board of Directors or the Board of Directors of the Company. No amendment,
modification or termination shall, without the consent of a participant,
adversely affect such participant's accruals in his deferred compensation
accounts.

         17. Governing Law. This Agreement shall be governed by and construed in
accordance with the Laws of the State of New Jersey.

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