Document:

Fourth Amendment dated as of April 9, 2004 to the Lease dated October 31, 2000

 Exhibit 10.18 
  
 FOURTH AMENDMENT TO LEASE 
  
 This Fourth Amendment to Office Lease is entered into as of the 9th day of April, 2004, by and between ColRich Broadway, L.P., an Arizona
Limited Partnership (“Landlord”), and Leslie’s Poolmart, Inc., A Delaware Corporation (“Tenant”). 
  
 WHEREAS, Lessor and Lessee are now parties to a certain Lease Agreement dated October 31, 2000 (“Original Lease”), as amended by that certain First Amendment to
Lease dated as of November 30, 2000 (the “First Amendment”), as further amended by that certain Second Amendment to Lease dated as of June 26, 2001 (the “Second Amendment”), and as further amended by that certain Third Amendment
to Lease dated, May 31, 2002 (the “Third Amendment”) (the Original Lease, First Amendment, Second Amendment and Third Amendment are hereinafter collectively referred to as the “Lease”) whereby Tenant leased those certain premises
consisting of approximately 35,579 rentable square feet commonly known as Suite 100 and those certain premises consisting of approximately 16,126 rentable square feet commonly known as Suite 202 (collectively, “the Existing Premises”),
both of which are located at 3925 East Broadway, Phoenix, Arizona (the “Building”) which Building is located within the property known as the Broadway Business Center (the “Property”). 
  
 WHEREAS, Landlord and Tenant desire to modify certain provisions of the Lease and to provide
for the terms and conditions for such modifications as hereinafter set forth; 
  
 NOW, THEREFORE, Landlord and Tenant agree as follows: 
  

	1.	Provided Tenant is not in default under the Lease at the time of its receipt of Landlord’s Notice (as defined below), and upon or in advance of the availability of all or any
portion of the remaining 21,435 rentable square feet (the “Additional Premises”) at the Building, Tenant will have (subject to the, pre-existing rights of other tenants at the Project) the right of first refusal to lease the Additional
Premises in accordance with the following: 

  
 (A)
Landlord will provide Tenant written notice (“Landlord’s Notice”) of the availability of the Additional Premises no earlier than ninety (90) days prior to the availability of the Additional Premises. 
  
 (B) Tenant will have fifteen (15) days from its receipt of Landlord’s
Notice to respond in writing to Landlord that Tenant wishes to exercise Tenant’s right of first refusal to lease the Additional Premises (“Tenant’s Notice”). 
  
 (C) Upon Landlord’s receipt of Tenant’s Notice, Landlord and Tenant shall have thirty (30) to negotiate mutually
acceptable 1 terms and conditions under which Tenant will lease the Additional Premises. 
  
 (D) Should Tenant and Landlord not agree to such alternative terms within the thirty (30) day period referenced in paragraph C above, then Tenant 

 
will be deemed to lease the Additional Premises on the following terms: 1] The commencement date shall be the earlier of the date Tenant takes occupancy of
the Additional Premises or thirty (30) days after the Additional Premises becomes available; 2] The expiration date shall be coterminous with the expiration date applicable to the Existing Premises, which Lease Expiration Date is currently June 30,
2009; 3] The Base Rent for the Additional Premises shall be calculated at the same rental rate per rentable square foot that Tenant is paying for Suite 202 of the Existing Premises (which rental rate per rentable square foot is more specifically set
forth in Paragraph 4.2 of the Third Amendment); and 4] Landlord’s tenant improvement obligations will be limited to the repainting and re-carpeting of the Additional Premises such that the condition and quality of the Additional Premises will
be comparable to the existing quality and condition of Suite 202 at the time of Tenant’s Notice; and 5] all other terms, charges and conditions of the Lease will be in effect. 
  
 (E) Time is of the essence in regard to Tenant’s obligations under this Fourth Amendment. 
  
 Unless otherwise defined in this Fourth Amendment, all capitalized terms used herein shall
have the same meaning as ascribed to such term in the Lease. The Lease remains in full force and effect as to its stated terms, except as modified herein. 
  
 IN WITNESS WHEREOF, Landlord and Tenant have executed this Fourth Amendment as of the date and year written above. 
  

					
	 LANDLORD
 ColRich Broadway Investors, L.P.
	 	 	 	 TENANT
 Leslie’s Poolmart,
Inc.

			
	 By

	 	 	 	 By

			
	 Executed at

	 	 	 	 Executed at

			
	 Address

	 	 	 	 Address

			
	
	 	 	 	

  

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 [Trammell Crow Company letterhead] 
  
 January 3, 2002 
  
 Leslie’s Poolmart, Inc. 
 3925 E. Broadway Road 
 Phoenix, Arizona 85040 
  

	Re:	Lease Agreement dated October 31, 2000 between Broadway Business Center LLC, as Landlord and Leslie’s Poolmart, Inc. 

  
 Dear Gentlemen: 
  
 We are pleased to have you as a new tenant at Broadway Business Center. It is our objective to provide the very best in services to your
company. 
  
 This letter will serve to document certain terms of the lease for
3925 E. Broadway Road, Phoenix, Arizona 85040. 
  
 The lease commencement date is
January 11, 2001. Rent commencement date is February 13, 2001. The primary lease term as set forth in the lease shall be 75 months; the lease expiration is April 30, 2007. 
  
 The approximate area in the premises is 37,579 rentable square feet. The actual rentable area in the project is 136,450 rentable square
feet. Tenant’s proportionate share, with respect to the common area, therefore, shall be 27.00%. Tenant’s proportionate share with respect to the building shall be 50.01%. 
  
 Please execute below and return to my attention at Trammell Crow Company acknowledging the above referenced lease information. Again, we
welcome you to Broadway Business Center and look forward to a long and mutually beneficial relationship. 
  
 Sincerely, 
  

					
	TRAMWELL CROW COMPANY	 	Agreed and Accepted this Third day of January, 2002
		
	 /s/ Olympia Bella

	 	TENANT NAME
	 Olympia Bella
 Assistant Property
Manager
	 	By:	 	 /s/ Donald J. Anderson

	 	Print Name:	 	Donald J. Anderson
	 	 	ITS:	 	CFO, EVPForm of Director's and Officer's Indemnification Agreement dated as of 1/1/2000

 Exhibit 10.19 
  
 INDEMNIFICATION AGREEMENT 
  
 This Indemnification Agreement, dated as of January 1, 2000, is made by and between Leslie’s Poolmart, Inc., a Delaware corporation (the
“Corporation”), and             , whose name, address and position(s) at the Corporation and/or any of the direct or indirect subsidiaries of the Corporation appear on the
signature page hereto (“Indemnitee”). 
  
 RECITALS

  
 A. Indemnitee is currently serving as, or is assuming the
position of, a director and/or officer of the Corporation and/or, at the Corporation’s request, a director, officer, employee and/or agent of another corporation, partnership, joint venture, trust or other enterprise, and the Corporation wishes
Indemnitee to continue in such capacity(ies); 
  
 B. The
Corporation and Indemnitee recognize that the present state of the law is too uncertain to provide the Corporation’s directors and officers with adequate and reliable advance knowledge or guidance with respect to the legal risks and potential
liabilities to which they may become personally exposed as a result of performing their duties for the Corporation; 
  
 C. The Certificate of Incorporation (the “Certificate”) and the Bylaws (the “Bylaws”) of the Corporation each provide that the
Corporation may indemnify, to the fullest extent permitted by law, certain persons, including directors, officers, employees or agents of the Corporation, against specified expenses and losses arising out of certain threatened, pending or completed
actions, suits or proceedings; 
  
 D. Section 145(f) of the
Delaware General Corporation Law (the “DGCL”) expressly recognizes that the indemnification provided by the other subsections of Section 145 of the DGCL shall not be deemed exclusive of any other rights to which those seeking
indemnification or advancement of expenses may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in an official capacity and as to action in another capacity while holding such
office; 
  
 E. Indemnitee has indicated that s/he may not be
willing to serve, or continue to serve, as a director and/or officer of the Corporation and/or, at the Corporation’s request, as a director, officer, employee and/or agent of another corporation, partnership, joint venture, trust or other
enterprise in the absence of an indemnification agreement of the Corporation; and 
  
 F. The Board of Directors of the Corporation has concluded that, to retain and attract talented and experienced individuals to serve as directors and officers of the Corporation and to encourage such individuals to
take the business risks necessary for the success of the Corporation, it is necessary for the Corporation to contractually indemnify them, and to assume for itself liability for expenses and damages in connection with claims against them in
connection with their service to the Corporation, and has further concluded that the failure to provide such contractual indemnification could result in great harm to the Corporation and its stockholders. 

 AGREEMENT 
  

NOW, THEREFORE, the Corporation and Indemnitee agree as follows: 
  
 1. Definitions. 
  
 a) “Expenses” means, for the purposes of this Agreement, all direct and indirect costs of any type or nature whatsoever (including, without
limitation, any fees and disbursements of Indemnitee’s counsel, accountants and other experts and other out-of-pocket costs) actually and reasonably incurred by Indemnitee in connection with the investigation, preparation, defense or appeal of
a Proceeding; provided, however, that Expenses shall not include judgments, fines, penalties or amounts paid in settlement of a Proceeding unless such matters may be indemnified under applicable provisions of the DGCL. Expenses shall
include any federal, state, local and foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of payments under this Agreement. 
  
 (b) “Proceeding” means, for the purposes of this Agreement, any threatened, pending or completed action, suit, arbitration or proceeding whether
civil, criminal, administrative or investigative (including actions, suits or proceedings brought by or in the right of the Corporation) in which Indemnitee may be or may have been involved as a party or otherwise, by reason of the fact that
Indemnitee is or was a director or officer of the Corporation, by reason of any action taken by him or of any inaction on his part while acting as such director or officer or by reason of the fact that s/he is or was serving at the request of the
Corporation as a director, officer, employee or agent of another foreign or domestic corporation, partnership, joint venture, trust or other enterprise, was a fiduciary of any trust or employee benefit plan or was a director and/or officer of the
foreign or domestic corporation which was a predecessor corporation to the Corporation or of another enterprise at the request of such predecessor corporation, whether or not s/he is serving in such capacity at the time any liability or expense is
incurred for which indemnification or reimbursement can be provided under this Agreement. 
  
 2. Indemnification. 
  
 (a) Third Party Proceedings. To the fullest extent permitted by law, the Corporation shall indemnify and hold harmless Indemnitee against Expenses and liabilities of any type whatsoever (including, but not limited to, judgments,
fines, penalties, and amounts paid in settlement (if the settlement is approved in advance by the Corporation, which approval shall not be unreasonably withheld)) actually and reasonably incurred by Indemnitee in connection with a Proceeding (other
than a Proceeding by or in the right of the Corporation) if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Corporation, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful. The termination of any Proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself,
create a presumption that Indemnitee did not act in good faith and in a manner that Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Corporation, or, with respect to any criminal Proceeding, had reasonable cause
to believe that Indemnitee’s conduct was unlawful. Notwithstanding the foregoing, no indemnification shall be made in any criminal proceeding where Indemnitee has been adjudged guilty unless a 

  

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disinterested majority of the directors determines that Indemnitee did not receive, participate in or share in any pecuniary benefit to the detriment of the
Corporation and, in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for Expenses or liabilities. 
  
 (b) Proceedings by or in the Right of the Corporation. To the fullest extent permitted by law, the Corporation shall indemnify and hold harmless
Indemnitee against Expenses actually and reasonably incurred by Indemnitee in connection with the defense or settlement of a Proceeding by or in the right of the Corporation to procure a judgment in its favor if Indemnitee acted in good faith and in
a manner Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Corporation. Notwithstanding the foregoing, no indemnification shall be made in respect of any claim, issue or matter as to which Indemnitee shall have
been adjudged to be liable to the Corporation in the performance of Indemnitee’s duty to the Corporation unless and only to the extent that the court in which such Proceeding is or was pending shall determine upon application that, in view of
all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for Expenses and then only to the extent that the court shall determine. 
  
 (c) Scope. Notwithstanding any other provision of this Agreement other than Sections 3 and 13, the Corporation shall
indemnify Indemnitee to the fullest extent permitted by law, notwithstanding that such indemnification is not specifically authorized by other provisions of this Agreement, the Certificate, the Bylaws or statute. 
  
 3. Limitations on Indemnification. Any other provision herein to the
contrary notwithstanding, the Corporation shall not be obligated pursuant to the terms of this Agreement: 
  
 (a) Excluded Acts. To indemnify Indemnitee for any acts or omissions or transactions from which a director may not be relieved of liability under
Section 102(b)(7) of the DGCL; or 
  
 (b) Claims Initiated by
Indemnitee. To indemnify or advance Expenses to Indemnitee with respect to Proceedings or claims initiated or brought voluntarily by Indemnitee and not by way of defense, except with respect to proceedings brought to establish or enforce a right
to indemnification under this Agreement or any other statute or law or otherwise as required under Section 145 of the DGCL, but such indemnification or advancement of Expenses may be provided by the Corporation in specific cases if a majority of the
disinterested directors has approved the initiation or bringing of such suit; or 
  
 (c) Lack of Good Faith. To indemnify Indemnitee for any Expenses incurred by Indemnitee with respect to any proceeding instituted by Indemnitee to enforce or interpret this Agreement, if a court of competent
jurisdiction determines that each of the material assertions made by Indemnitee in such proceeding was not made in good faith or was frivolous; or 
  
 (d) Insured Claims. To indemnify Indemnitee for Expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines or
penalties, and amounts paid in settlement) which have been paid directly to or on behalf of Indemnitee by an insurance carrier under a policy of directors’ and officers’ liability insurance maintained by the Corporation or any other policy
of insurance maintained by the Corporation or Indemnitee; or 
  

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 (e) Claims Under Section 16(b). To indemnify Indemnitee for Expenses and the payment of profits
arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute. 
  
 4. Determination of Right to Indemnification. Upon receipt of a written claim addressed to the Board of Directors for
indemnification pursuant to Section 2 of this Agreement, the Corporation shall determine by any of the methods set forth in Section 145(d) of the DGCL whether Indemnitee has met the applicable standards of conduct that make it permissible under
applicable law to indemnify Indemnitee. If a claim under Section 2 of this Agreement is not paid in full by the Corporation within thirty days after such written claim has been received by the Corporation, Indemnitee may at any time thereafter bring
suit against the Corporation to recover the unpaid amount of the claim and, unless such action is dismissed by the court as frivolous or brought in bad faith, Indemnitee shall be entitled to be paid also the expense of prosecuting such claim.
Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to make a determination prior to the commencement of such action that indemnification of Indemnitee is proper in the
circumstances because Indemnitee has met the applicable standard of conduct under applicable law, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel or its stockholders) that Indemnitee has
not met the applicable standard of conduct, shall create a presumption that Indemnitee has not met the applicable standard of conduct. The court in which such action is brought shall determine whether Indemnitee or the Corporation shall have the
burden of proof concerning whether Indemnitee has or has not met the applicable standard of conduct. 
  
 5. Advancement and Repayment of Expenses. The Expenses incurred by Indemnitee in defending and investigating any Proceeding shall be paid by the
Corporation prior to the final disposition of such Proceeding within thirty days after receiving from Indemnitee copies of invoices presented to Indemnitee for such Expenses and an undertaking by or on behalf of Indemnitee to the Corporation to
repay such amount to the extent it is ultimately determined that Indemnitee is not entitled to indemnification. In determining whether or not to make an advance hereunder, the ability of Indemnitee to repay shall not be a factor. Notwithstanding the
foregoing, in a proceeding brought by the Corporation directly, in its own right (as distinguished from an action brought derivatively or by any receiver or trustee), the Corporation shall not be required to make the advances called for hereby if a
majority of the disinterested directors determine that it does not appear that Indemnitee has met the standards of conduct that made it permissible under applicable law to indemnify Indemnitee and that the advancement of Expenses would not be in the
best interests of the Corporation and its stockholders. 
  
 6.
Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification or advancement by the Corporation of some or a portion of any Expenses or liabilities of any type whatsoever (including, but not
limited to, judgments, fines, penalties, and amounts paid in settlement) incurred by him in the investigation, defense, settlement or appeal of a Proceeding, but is not entitled to indemnification or advancement of the total amount thereof, the
Corporation shall nevertheless indemnify or pay advancements to Indemnitee for the portion of such Expenses or liabilities to which Indemnitee is entitled. 
  

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 7. Notice to Corporation by Indemnitee. Indemnitee shall notify the Corporation in writing of any
matter with respect to which Indemnitee intends to seek indemnification hereunder as soon as reasonably practicable following the receipt by Indemnitee of written notice thereof; provided that any delay in so notifying the Corporation shall not
constitute a waiver by Indemnitee of his rights hereunder. The written notification to the Corporation shall be addressed to the Board of Directors and shall include a description of the nature of the Proceeding and the facts underlying the
Proceeding and be accompanied by copies of any documents filed with the court, if any, in which the Proceeding is pending. In addition, Indemnitee shall give the Corporation such information and cooperation as it may reasonably require and as shall
be within Indemnitee’s power. 
  
 8. Defense of Claim.
In the event that the Corporation shall be obligated under Section 5 hereof to pay the Expenses of any Proceeding against Indemnitee, the Corporation, if appropriate, shall be entitled to assume the defense of such Proceeding, with counsel approved
by Indemnitee, which approval shall not be unreasonably withheld, upon the delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by
the Corporation, the Corporation will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding; provided that (i) Indemnitee shall have the right to employ his
own counsel in any such Proceeding at Indemnitee’s expense, and (ii) if (A) the employment of counsel by Indemnitee has been previously authorized by the Corporation, or (B) Indemnitee shall have reasonably concluded that there may be a
conflict of interest between the Corporation and Indemnitee in the conduct of such defense or (C) the Corporation shall not, in fact, have employed counsel to assume the defense of such Proceeding, then the fees and expenses of Indemnitee’s
counsel shall be paid by the Corporation. 
  
 9.
Attorneys’ Fees. If any legal action is necessary to enforce the terms of this Agreement, the prevailing party shall be entitled to recover, in addition to other amounts to which the prevailing party may be entitled, actual
attorneys’ fees and court costs as may be awarded by the court. 
  
 10. Continuation of Obligations. All agreements and obligations of the Corporation contained herein shall continue during the period Indemnitee is a director or officer of the Corporation, or is or was serving at the request of the
Corporation as a director, officer, fiduciary, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, and shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding by reason
of the fact that Indemnitee served in any capacity referred to herein. 
  
 11. Assumption of Prior Agreement; Successors and Assigns. 
  
 (a) The Corporation hereby expressly assumes the obligations of Leslie’s California, a California corporation (the “Predecessor”), under the Predecessor’s bylaws, articles and indemnification
agreements as to all acts or omissions occurring prior to the effective time (the “Effective Time”) of the merger of the Predecessor with and into the Corporation. 
  

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 (b) This Agreement establishes contract rights that shall be binding upon, and shall inure to the benefit
of, the successors, assigns, heirs and legal representatives of the parties hereto. 
  
 12. Non-exclusivity. 
  
 (a) The provisions for indemnification and advancement of expenses set forth in this Agreement shall not be deemed to be exclusive of any other rights that Indemnitee may have under any provision of law, the Certificate or Bylaws, the vote
of the Corporation’s stockholders or disinterested directors, other agreements or otherwise, both as to action in his official capacity and action in another capacity while occupying his position as a director or officer of the Corporation;
provided, however, that as to all acts or omissions occurring after the Effective Time, this Agreement supersedes in its entirety any and all prior agreements with respect to the subject matter hereof between Indemnitee and the
Predecessor. 
  
 (b) In the event of any changes, after the date
of this Agreement, in any applicable law, statute, or rule that expand the tight of a Delaware corporation to indemnify its directors and officers, Indemnitee’s rights and the Corporation’s obligations under this Agreement shall be
expanded to the fullest extent permitted by such changes. In the event of any changes in any applicable law, statute or rule, that narrow the right of a Delaware corporation to indemnify a director and officer, such changes, to the extent not
otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations hereunder, 
  
 13. Effectiveness of Agreement. This Agreement shall be effective as of the date set forth on the first page and may
apply to acts or omissions of Indemnitee that occurred prior to such date if Indemnitee was a director or officer of the Corporation or its predecessor, or was serving at the request of the Corporation or its predecessor as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or other enterprise, at the time such act or omission occurred. 
  
 14. Severability. Nothing in this Agreement is intended to require or shall be construed as requiring the Corporation to do or fail to do any act
in violation of applicable law. The Corporation’s inability, pursuant to court order, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. The provisions of this Agreement shall be severable as
provided in this Section 14. If this Agreement or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Corporation shall nevertheless indemnify Indemnitee to the fullest extent permitted by any
applicable portion of this Agreement that shall not have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in accordance with its terms. 
  
 15. Governing Law. This Agreement shall be interpreted and enforced in accordance with the laws of the State of
Delaware without regard to its rules pertaining to conflicts of laws. To the extent permitted by applicable law, the parties hereby waive any provisions of law that render any provision of this Agreement unenforceable in any respect. 
  

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 16. Notice. All notices, requests, demands and other communications under this Agreement shall be
in writing and shall be deemed duly given (i) if delivered by hand and receipted for by the party addressed, on the date of such receipt, or (ii) if delivered by facsimile transmission to the recipient followed by a copy sent by mail on the same
date as the facsimile transmission, on the date of receipt of such facsimile transmission, or (iii) if mailed by certified or registered mail with postage prepaid, on the third business day after the mailing date. Addresses for notice to either
party are as shown on the signature page of this Agreement, or as subsequently modified by written notice. 
  
 17. Mutual Acknowledgment. Both the Corporation and Indemnitee acknowledge that in certain instances, federal law or applicable public policy may
prohibit the Corporation from indemnifying its directors and officers under this Agreement or otherwise. Indemnitee understands and acknowledges that the Corporation has undertaken or may be required in the future to undertake with the Securities
and Exchange Commission to submit the question of indemnification to a court in certain circumstances for a determination of the Corporation’s right under public policy to indemnify Indemnitee. 
  
 18. Counterparts. This Agreement may be executed in several
counterparts, each of which shall constitute an original. 
  
 19.
Amendment and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective unless in writing signed by both parties hereto. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year set forth above. 
  

			
	 LESLIE’S POOLMART, INC.
 a
Delaware corporation

		
	 By:
	 	  

	Donald J. Anderson, Executive Vice President and CFO
	Notices should be addressed to:
	Chief Financial Officer
	Leslie’s Poolmart, Inc.
	3925 E. Broadway Road, Suite 100
	Phoenix, Arizona 85040
	
	INDEMNITEE:
	
	  

 Street Address

	
	  

 City, State and Zip Code

  

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