Document:

EX-10.15

 EXHIBIT 10.15 

EQUITY EXCHANGE RIGHT AGREEMENT 

THIS EQUITY EXCHANGE RIGHT AGREEMENT (this “Agreement”) is made and entered into as of March __, 2021, by and between
Compass, Inc., a Delaware corporation (the “Company”), and Robert Reffkin (the “Founder”). 
 WHEREAS, the
Company’s board of directors (the “Board”) has determined that it is in the best interests of the Company and its stockholders to implement a multi class common stock structure in connection with the Company’s initial
public offering of its capital stock (the “IPO”) to, among other things, enable the Company to execute its long-term vision; 

WHEREAS, in connection with the IPO, the Board and the stockholders of the Company have approved and adopted that certain Twelfth Amended and
Restated Certificate of Incorporation of the Company (the “Amended and Restated Certificate of Incorporation”), which, among other things provides for three classes of common stock of the Company, Class A Common Stock, par
value $0.0001 per share (“Class A Common Stock”), entitling holders to one (1) vote for each share thereof held, Class B Common Stock, par value $0.0001 per share, entitling holders to zero
(0) votes for each share thereof held unless required by applicable law and a newly-created Class C Common Stock, par value $0.0001 per share (“Class C Common Stock”), entitling holders to twenty
(20) votes per share thereof held; 
 WHEREAS, Founder holds awards of restricted stock units and performance-based restricted stock
units covering shares of Class A Common Stock that will be outstanding as of immediately prior to the time the Company’s Registration Statement on Form S-1 relating to the IPO is declared effective
by the Securities and Exchange Commission (the “Effective Time”) as set forth in Exhibit A (each, a “Founder Equity Award”), and each Founder Equity Award has been granted under the
Company’s 2012 Stock Incentive Plan, as amended, and the award agreement memorializing each Founder Equity Award (collectively, the “Equity Documents”); and 

WHEREAS, as part of the implementation of the multi class common stock structure, the Board has determined that it is advisable and in the
best interest of the Company and all of its stockholders, including its stockholders other than Founder, to provide Founder with the right to require the Company to exchange shares of Class A Common Stock that Founder acquires upon the
exercise, vesting, and/or settlement of his Founder Equity Awards for a number of shares of Class C Common Stock of equivalent value as determined on the date of the exchange (which is expected to be on a one share-for-one share basis), subject to the terms and conditions set forth in this Agreement; and 

WHEREAS, the parties intend that no gain or loss will be recognized in any Exchange (as defined below) pursuant to Sections 368(a)(1)(E)
and/or 1036 of the Internal Revenue Code of 1986, as amended (the “Code”). 
 NOW, THEREFORE, in consideration of the
foregoing recitals and the mutual promises, representations and covenants set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and accepted, the parties hereto agree as
follows: 
 ARTICLE I. 

PUT RIGHT AND EXCHANGE AND ISSUANCE OF CLASS C COMMON STOCK 

1.1 Grant of Put Right. Effective immediately following the Effective Time, and subject to the terms and provisions of this Agreement
(including Section 1.2(a) below), the Company hereby irrevocably grants to Founder the right (the “Put Right”) to require the Company to exchange any shares of Class A Common Stock that Founder acquires following the
Effective Time as a result of the exercise, vesting, and/or settlement of his Founder Equity Awards (each, a “Put Eligible Share”) for a number of shares of Class C Common Stock of equivalent value as determined on the date of
the exchange (which is expected to be on a one share-for-one share basis), subject to the terms and conditions set forth in this Agreement (the
“Exchange”). 

 1.2 Exercise of Put Right. 

(a) As a condition precedent to the exercise of the Put Right on any given date, the Company and Founder must mutually agree that no gain or
loss will be required to be recognized for U.S. federal tax purposes on account of such exercise and related Exchange (the “Put Right Condition”). 

(b) If the Put Right Condition is satisfied, the Put Right will be exercisable by Founder by submitting a completed and fully-executed notice
in the form attached hereto as Exhibit B (the “Put Right Notice”) to the Company on or prior to the Put Right’s Expiration Date (as defined in Section 1.5 below). If the Put Right Condition is
satisfied, the Put Right will be deemed to have been exercised immediately prior to 5:00 p.m. Eastern Time on the date of timely delivery of a Put Right Notice with respect to the Put Right. 

(c) Failure to satisfy the Put Right Condition or to deliver a Put Right Notice prior to 5:00 p.m. Eastern Time on a Put Right’s
Expiration Date will constitute an irrevocable waiver of the Put Right with respect to the applicable Put Eligible Shares. 
 (d) A Put Right
cannot be exercised by Founder with respect to any Put Eligible Share more than once. Further, Founder will have no Put Right pursuant to this Agreement with respect to any share of Class A Common Stock that is acquired by Founder following the
Effective Time other than as a result of the exercise, vesting, and/or settlement of a Founder Equity Award. 
 1.3 Exchange of
Shares. Within ten (10) calendar days after the Company’s receipt of a properly executed Put Right Notice, and provided the Put Right Condition remains satisfied, the Company will complete the Exchange for the specified number of Put
Eligible Shares indicated in the Put Right Notice (“Exercised Shares”) by issuing, out of funds legally available therefor, a number of shares of Class C Common Stock to Founder of equivalent value determined on the date
of the Exchange (which is expected to be on a one share-for-one share basis). Upon the effectiveness of such Exchange, the Company will deliver to Founder such
documentation as may be reasonably required to evidence that the shares of Class C Common Stock have been duly issued and transferred to the Founder in exchange for the Exercised Shares. 

1.4 Rights to Shares of Class A Common Stock Following Exchange. Upon the Exchange, Founder will no longer have any
rights as a holder of the Exercised Shares that are the subject of the Exchange (other than the right to receive the shares of Class C Common Stock in accordance with this Agreement). Such Exercised Shares will be deemed to have been redeemed
by the Company in accordance with the applicable provisions hereof, whether or not the certificate(s) therefor have been delivered to the Company. 

1.5 Termination of Put Right. The Put Right will terminate on the following date(s) (the “Expiration Date”):

 (a) With respect to any shares of Class A Common Stock subject to a Founder Equity Award that have not become Put Eligible Shares,
the Expiration Date will be the date such shares are forfeited pursuant to the applicable Equity Documents; and 

 (b) With respect to any Put Eligible Shares, the Expiration Date will be the earliest of the
date: 
 (i) on which Founder sells, transfers, or otherwise disposes of such Put Eligible Shares; and 

(ii) the Class C Automatic Conversion (as defined in the Amended and Restated Certificate of Incorporation). 

ARTICLE II. 

REPRESENTATIONS AND WARRANTIES OF THE FOUNDER 

Founder hereby represents and warrants to the Company, with respect to the transactions contemplated hereby, as follows: 

2.1 Ownership; Authority. Founder has the full right, power and authority to enter into this Agreement. Assuming the due authorization,
execution and delivery by the Company, this Agreement constitutes a valid and binding agreement of such Founder, enforceable against such Founder in accordance with its terms (subject to applicable bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and other laws affecting creditors’ rights generally and general principles of equity). Upon consummation of an Exchange contemplated hereby, the Company will acquire from Founder good and marketable title to the
Exercised Shares subject to such Exchange, free and clear of any and all liens, encumbrances and restrictions (except for restrictions on transfer arising under applicable securities laws or as set forth or contemplated by this Agreement, the
Amended and Restated Certificate of Incorporation or any other agreements to which such Founder and the Company are a party, and subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other laws affecting
creditors’ rights generally and general principles of equity). 
 2.2 Governmental Authorization. The execution, delivery and
performance by such Founder of this Agreement and the consummation of the transactions contemplated hereby require no action by or in respect of, or filing with, any governmental authority on the part of such Founder (excluding, for the avoidance of
doubt (a) the filing by the Company of the Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware and (b) compliance by the Company with any applicable requirements of any applicable state or
federal securities laws). For purposes of this Agreement, “governmental authority” means any transnational, domestic or foreign federal, state or local governmental, regulatory or administrative authority, department, court, agency
or official, including any political subdivision thereof. 
 2.3 Noncontravention. The execution, delivery and performance by Founder
of this Agreement and the consummation of the transactions contemplated hereby do not and will not (a) violate any governing document, including any trust agreement, applicable to such Founder, (b) subject to compliance with
Section 2.2, violate any applicable law, (c) assuming the waiver or inapplicability of any and all rights of first refusal or co-sale held by the Company or the Company’s stockholders that are
applicable to the transactions contemplated hereby, require any consent or other action under, constitute a default under, or give rise to any right of termination, cancellation or acceleration of any obligation of such Founder or to the loss of any
benefit to which such Founder is entitled under any provision of any agreement or other instrument binding upon such Founder or (d) result in the creation or imposition of any lien on any of Founder’s Founder Equity Awards or the shares of
Class A Common Stock underlying such awards, other than restrictions on transfer arising under applicable securities laws or as set forth or contemplated by this Agreement, the Amended and Restated Certificate of Incorporation or any other
agreements to which such Founder and the Company are a party. 

 ARTICLE III. 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY 

The Company hereby represents and warrants to Founder, with respect to the transactions contemplated hereby, as follows: 

3.1 Corporate Existence and Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws
of the State of Delaware. 
 3.2 Corporate Authorization. The execution, delivery and performance by the Company of this Agreement and
the consummation of the transactions contemplated hereby, including the issuance and delivery of the shares of Class C Common Stock in connection with each Exchange hereunder (including the conversion thereof into Class A Common Stock upon
the terms specified in the Amended and Restated Certificate of Incorporation) in accordance with the Amended and Restated Certificate of Incorporation, are within the corporate powers of the Company and have been duly authorized by all necessary
corporate action on the part of the Company and the Company’s stockholders, subject to compliance with Section 3.3. Any and all rights of first refusal or co-sale held by the Company or the
Company’s stockholders that are applicable to the transactions contemplated hereby have been waived or are otherwise inapplicable to the transactions contemplated in this Agreement. Assuming the due authorization, execution and delivery by
Founder, this Agreement constitutes a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms (subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other
laws affecting creditors’ rights generally and general principles of equity). 
 3.3 Governmental Authorization. The execution,
delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated hereby require no action by or in respect of, or filing with, any governmental authority other than compliance by the Company with any
applicable requirements of any applicable state or federal securities laws. 
 3.4 Noncontravention. The execution, delivery and
performance by the Company of this Agreement and the consummation of the transactions contemplated hereby do not and will not, assuming compliance with the matters referred to in Section 3.3, (a) violate the certificate of incorporation or
bylaws of the Company, (b) violate any applicable law, (c) require any consent or other action by any person under, constitute a default under, or give rise to any right of termination, cancellation or acceleration of any right obligation
of the Company or to the loss of any benefit to which the Company is entitled under any provision of any agreement or other instrument binding upon the Company or (d) result in the creation or imposition of any lien on the shares of
Class C Common Stock other than as set forth or contemplated by this Agreement or the Amended and Restated Certificate of Incorporation. 

ARTICLE IV. 

COVENANTS 
 4.1
Market Stand-Off Agreement. Founder has entered into a lock-up agreement with the underwriters of the IPO with respect to the sale, disposition or transfer of
such Founder’s securities of the Company and Founder agrees not to revoke such lock-up agreement. Founder also agrees that any other lock-up or market stand-off agreements applicable to the shares of Common Stock of the Company held by Founder will continue to apply to the shares of the Class C Common Stock in accordance with the terms of such agreements.

 ARTICLE V. 

GENERAL PROVISIONS 

5.1 Governing Law. This Agreement will be governed in all respects by the internal laws of the State of Delaware as applied to
agreements entered into among Delaware residents to be performed entirely within Delaware, without regard to principles of conflicts of law. 

5.2 Successors and Assigns. Except as otherwise provided herein, the provisions hereof will inure to the benefit of, and be binding
upon, the successors, assigns, heirs, executors and administrators of the parties hereto. 
 5.3 Entire Agreement; Amendment. Other
than the rights, restrictions and preferences provided for under the Equity Documents with respect to Founder Equity Awards and the Amended and Restated Certificate of Incorporation and bylaws with respect to the shares of Class C Common Stock,
this Agreement, including the exhibits attached hereto, constitute the full and entire understanding and agreement between the parties with respect to the subject matter hereof. Neither this Agreement nor any term hereof may be amended or waived
other than by a written instrument signed by Founder and the Company. 
 5.4 Counterparts. This Agreement may be executed in
counterparts, each of which will be deemed an original, and all of which together will constitute one and the same instrument. 
 5.5 No
Guarantee of Continued Service. Founder acknowledges and agrees that neither the execution of this Agreement nor the existence of the Put Right granted hereunder constitutes an express or implied promise of continuous employment or service with
the Company for any period, or at all, and that neither the execution of this Agreement nor the existence of the Put Right granted hereunder will interfere in any way with Founder’s right or the right of the Company to terminate Founder’s
employment or service at any time, with or without cause. 
 5.6 Tax Consequences. The parties intend that no gain or loss will be
recognized in any Exchange pursuant to Sections 368(a)(1)(E) and/or 1036 of the Code. The parties adopt this Agreement as a plan of reorganization within the meaning of Treasury Regulations Sections 1.368-2(g)
and 1.368-3(a). Notwithstanding the foregoing, the Company and Founder each have reviewed with its/his own tax advisors the federal, state, local and foreign tax consequences of the Put Right and the Exchange,
Founder Equity Awards and the potential acquisition of shares of Class A Common Stock thereunder, the potential exchange of such shares for shares of Class C Common Stock, and the transactions contemplated by this Agreement. Each party
hereto is relying solely on such advisors and not on any statements or representations of the Company or any of its agents, or Founder or any of his agents, as applicable, in connection with the transactions contemplated hereby, except for the
representations and warranties of the Company and Founder expressly set forth in Articles II and III. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the
date first above written. 
  

			
	COMPASS, INC.

 
			
		
	 By:
	 	 

 
			
	 Name:
	 	 
	 Title:
	 	 
	
	ROBERT REFFKIN

 
			
	 By:
	 	 

 EXHIBIT A 

 

											
	 Grant Date
	  	 Expiration Date
	  	 Equity Award Type
	  	 	  	Number of Shares of
Class A Common Stock
Subject to Founder
Equity Award	 
	 March 12, 2020
	  	 March 11, 2027
	  	 RSU
	  		  	 	861,181	 
	 March 12, 2020
	  	 March 11, 2028
	  	 Performance-Based RSU
	  		  	 	861,181	 
	 January 25, 2021
	  	 January 25, 2031
	  	 Performance-Based RSU
	  		  	 	861,181	 
		  		  		  	Total:	  	 	2,583,543	 

 EXHIBIT B 

Put Right Notice (the “Notice”) 

(To be signed only upon exercise of a Put Right) 
  

	To:	 Compass, Inc. 

Attn: General Counsel 
 The
undersigned (the “Founder”), hereby irrevocably elects to exercise its right under the Put Right pursuant to the Equity Exchange Right Agreement dated as of [_____], 2021 (the “Agreement”), by and between Compass,
Inc. (the “Company”) and Founder, to require the Company to exchange Put Eligible Shares (the “Exercised Shares”) for a number of shares of Class C Common Stock of equivalent value as determined on the date of
the Exchange, subject to the terms of this Notice and the Agreement. Capitalized terms not otherwise defined in the Notice will have the meaning ascribed to them in the Agreement. 

By executing this Notice, Founder hereby represents and warrants to the Purchaser as follows: 

1. Acknowledgements. Founder acknowledges and affirms that the representations and warranties set forth in Article II of the Agreement
as of the date of this Notice are true and correct, and agrees to the covenants set forth in Article IV of the Agreement. 
 2.
Legends. It is understood that any certificate or book entry position representing the shares of Class C Common Stock and any securities issued in respect thereof or exchange therefor, will bear legends in substantially the following
form (in addition to any legend required under applicable state securities laws or agreements to which Founder is a party): 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO
REGISTRATION OR AN EXEMPTION THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER THAT SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE COMPLIES WITH THE ACT AND ANY APPLICABLE STATE
SECURITIES LAWS.” 
 3. Restricted Securities; Rule 144. Except as otherwise permitted by applicable law, Founder understands
that any shares of Class C Common Stock issued to Founder in an Exchange will be characterized as “restricted securities” under the Act because such shares are being acquired from the Company in a transaction not involving a public
offering and in exchange for shares acquired from the Company in a transaction not involving a public offering, and that under the Securities Act and the rules and regulations promulgated thereunder the shares of Class C Common Stock may be
resold without registration under the Act only in certain limited circumstances, and subject to the restrictions under the Company’s certificate of incorporation. Founder understands and hereby acknowledges that the shares of Class C
Common Stock must be held indefinitely unless subsequently registered under the Act or an exemption from such registration is otherwise available. Such Founder is aware of the provisions of Rule 144 promulgated under the Act, which permit limited
resales of shares purchased in a transaction not involving a public offering, subject to the satisfaction of certain conditions. 

 4. Tax Matters. Founder has reviewed with his own tax advisors the federal, state,
local and foreign tax consequences of the Put Right and the Exchange, Founder Equity Awards and the potential acquisition of shares of Class A Common Stock thereunder, the potential exchange of such shares for shares of Class C Common
Stock, and the transactions contemplated by this Agreement. Founder is relying solely on such advisors and not on any statements or representations of the Company or any of its agents in connection with the transactions contemplated hereby, except
for the representations and warranties of the Company expressly set forth in Article III of the Agreement. 
  

	
	 Dated:
                                         
                       

	
	 
	ROBERT REFFKIN
	
	 Address:EX-4.1

 Exhibit 4.1 

NUMBER       UNITS 
 U-

 SEE REVERSE FOR CERTAIN DEFINITIONS 

CUSIP 12521H 206 
 CF
ACQUISITION CORP. VII 
 UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE-FOURTH
OF ONE WARRANT, 
 EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE ONE SHARE OF CLASS A COMMON STOCK 

THIS CERTIFIES THAT is the owner of Units. 

Each Unit (“Unit”) consists of one (1) share of Class A common stock, par value $0.0001 per share
(“Common Stock”), of CF Acquisition Corp. VII, a Delaware corporation (the “Company”), and one-fourth of one warrant (the “Warrant”).
Each whole Warrant entitles the holder to purchase one (1) share (subject to adjustment) of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of (i) thirty (30) days after the
Company’s completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each a “Business Combination”), or
(ii) twelve (12) months from the closing of the Company’s initial public offering, and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes
its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration Date”). The Common Stock and Warrants comprising the Units represented by this certificate are not transferable separately prior to
, 2021, unless Cantor Fitzgerald & Co. elects to allow separate trading earlier, subject to the Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission
containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the Company’s initial public offering and issuing a press release announcing when separate trading will begin. The terms of the Warrants are
governed by a Warrant Agreement, dated as of , 2021, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the
holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004,
and are available to any Warrant holder on written request and without cost. 
 This certificate is not valid unless countersigned by the
Transfer Agent and Registrar of the Company. 
 This certificate shall be governed by and construed in accordance with the internal laws of
the State of New York, without regard to conflicts of laws principles thereof. 

 Witness the facsimile signature of a duly authorized signatory of the Company. 

 

					
			
	        	 		 	    
	Authorized Signatory	 		 	 Transfer Agent

 CF Acquisition Corp. VII 

The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

											
	TEN COM - as tenants in common	  	UNIF GIFT MIN ACT	 	 -
	  		  	 Custodian
	  	
		  		 		  	  
	  		  	  

	 TEN ENT - as tenants by the entireties
	  		 		  	(Cust)	  		  	(Minor)
				
	 JT TEN - as joint tenants with right of survivorship and not as tenants in common
	  		 		  	under Uniform Gifts to
Minors Act
		  		 		  	  

		  		 		  	(State)

 Additional abbreviations may also be used though not in the above list. 

For value received, hereby sell, assign and transfer unto 

(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE) 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 

Units represented by the within Certificate, and do hereby irrevocably constitute and appoint 

Attorney to transfer the said Units on the books of the within named Company with full power of substitution in the premises. 

Dated 
  

	
	
	    
	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

  

	
	
	 Signature(s) Guaranteed:

 

			
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C.
RULE 17Ad-15 (OR ANY SUCCESSOR RULE).	 	     

 In each case, as more fully described in the Company’s final prospectus dated , 2021, the holder(s) of this certificate
shall be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection with its initial public offering only in the event that (i) the Company redeems the
shares of Class A common stock sold in the Company’s initial public offering and liquidates because it does not consummate an initial business combination by , 2023, (ii) the Company redeems the shares of Class A common stock sold in
its initial public offering in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation to modify the substance or timing of the Company’s obligation to allow redemption in connection with
our initial business combination or redeem 100% of the Class A common stock if it does not consummate an initial business combination by , 2023, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective shares of
Class A common stock in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting forth the details of a proposed initial business
combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

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