Document:

Exhibit 10.25

 

Third
Amendment

to

Securities
Purchase Agreement

 

This Third
Amendment To Securities Purchase Agreement (this “Amendment”) is entered into as of March 30, 2021,
by and between Medicine Man Technologies, Inc., a Nevada corporation (the “Company”), and Dye Capital Cann Holdings
II, LLC, a Delaware limited liability company (the “Buyer”). Capitalized terms used but not defined herein shall
have the meanings given them in the Purchase Agreement (as defined below).

 

RECITALS

 

WHEREAS, the
Company and the Buyer previously entered into the Securities Purchase Agreement, dated as of November 16, 2020, the Amendment to
Securities Purchase Agreement, dated as of December 16, 2020, and the Second Amendment to Securities Purchase Agreement, dated
as of February 3, 2021 (collectively, the “Purchase Agreement”);

 

WHEREAS, the
Company issued and sold to the Buyer (a) 7,700 Shares on December 16, 2020, (b) 1,450 Shares on December 18, 2020, (c) 1,300 Shares
on December 22, 2020, (d) 3,100 Shares on February 3, 2021, and (e) 3,800 Shares on March 2, 2021; and 4,000 Shares on March 30,
2021.

 

WHEREAS, the
Company and the Buyer wish to amend the Purchase Agreement pursuant to this Amendment to provide for one or more additional Closings.

 

AGREEMENT

 

NOW, THEREFORE,
in consideration of the mutual agreements, covenants and considerations contained herein, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

 

1.     
Amendment to Recital B and Section 1(a) of the Purchase Agreement. Recital B of the Purchase Agreement is
hereby amended by replacing “17,000” with “21,350” and “February 23, 2021” with “March
30, 2021” and Section 1(a) of the Purchase Agreement is hereby amended by replacing “17,000” with “21,350.”

 

2.       Receipt
of PPM Supplement. The Buyer and its advisors, if any, have been furnished with a copy of the Company’s Supplement
No. 2 to Confidential Private Placement Memorandum, dated February 24, 2021 (the “PPM Supplement”) as well as
a draft of the Company’s Form 10-K for the year ended December 31, 2020 to be filed with the U.S. Securities and Exchange
Commission. The Buyer understands that its investment in the Securities involves a high degree of risk, including the risks outlined
in the Confidential PPM and the PPM Supplement.

 

3.       Use
of Proceeds. The Company will use the proceeds from the Closings contemplated by this Amendment for general corporate purposes,
including working capital and the payment of outstanding accounts payable provided that in no event may the proceeds be used, directly
or indirectly, for the redemption or repurchase of any securities of the Company or any of its Subsidiaries or repayment of any
Indebtedness.

 

 

 

    	 	1	 

     

    

 

4.       Conditions
to the Company’s Obligation to Sell. The obligation of the Company hereunder to issue and sell Shares to the Buyer
at the Closings contemplated by this Amendment is subject to the satisfaction, at or before each Closing, of the conditions to
the Company’s obligation to sell set forth in Section 5(a) of the Agreement, other than Section 5(a)(iv) of the Agreement,
which is hereby waived, and the following condition:

 

(a)       CRW
Capital Cann Holdings, LLC (“CRW”) shall have waived its participation rights with respect to the issuance and
sale of the Shares to the Buyer pursuant to Section 5 of the Letter Agreement between CRW and the Company dated February 26, 2021
(the “CRW Letter Agreement”).

 

7.       Conditions
to the Buyer’s Obligation to Purchase. The obligation of the Buyer hereunder to purchase Shares from the Company
at the Closings contemplated by this Amendment is subject to the satisfaction, at or before each Closing, of the conditions to
the Buyer’s obligation to purchase set forth in Section 6(a) of the Agreement, other than Sections 6(a)(ii), 6(a)(iii), 6(a)(iv),
6(a)(viii) and 6(a)(ix) of the Agreement, which are hereby waived, and the following conditions:

 

(a)       Other
than as set forth in a Schedules attached hereto as Attachment A, the representations and warranties of the Company shall
be true and correct as of the date when made and as of the Closing as though made at that time (except for representations and
warranties that speak as of a specific date which shall be true and correct as of such specified date) and the Company shall have
performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the Transaction
Documents to be performed, satisfied or complied with by the Company at or prior to the Closing. The Buyer shall have received
a certificate, executed by an officer of the Company, dated as of the Closing, to the foregoing effect and as to such other matters
as may be reasonably requested by the Buyer in the form attached hereto as Attachment B.

 

(b)       CRW
shall have waived its participation rights with respect to the issuance and sale of the Shares pursuant to Section 5 of the CRW
Letter Agreement.

 

8.       Representations
and Warranties of the Company. The Company has the requisite corporate power and authority to enter into and perform its
obligations under this Amendment, including the Purchase Agreement as amended by this Amendment. The execution and delivery of
this Amendment and the consummation by the Company of the transactions contemplated hereby (including the Purchase Agreement as
amended by this Amendment), including, without limitation, the issuance of the Shares, have been duly authorized by the Company’s
Board of Directors and no further filing, consent or authorization is required by the Company, its Board of Directors or its stockholders.
This Amendment has been duly executed and delivered by the Company, and constitutes the legal, valid and binding obligations of
the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by general
principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to,
or affecting generally, the enforcement of applicable creditors’ rights and remedies

 

9.       Miscellaneous.

 

(a)       This
Amendment shall be automatically effective upon the execution and delivery hereof by the Company and the Buyer.

 

(b)       All
questions concerning the construction, validity, enforcement and interpretation of this Amendment shall be governed by the internal
laws of the State of Nevada, without giving effect to any choice of law or conflict of law provision or rule (whether of the State
of Nevada or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of
Nevada. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in The City
of New York, Borough of Manhattan, for the adjudication of any dispute hereunder or in connection herewith or with any transaction
contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding,
any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought
in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives
personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof
to such party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and
sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve
process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST,
A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AMENDMENT OR ANY TRANSACTION
CONTEMPLATED HEREBY.

 

 

 

    	 	2	 

     

    

 

(d)       This
Amendment may be executed in counterparts, each of which shall be deemed an original, but both of which together shall constitute
one and the same instrument. Either or both parties may execute this Amendment by facsimile signature or scanned signature in PDF
format, and any such facsimile signature or scanned signature, if identified, legible and complete, shall be deemed an original
signature and each of the parties is hereby authorized to rely thereon.

 

(e)       In
the event one or more of the provisions of this Amendment should, for any reason, be held to be invalid, illegal or unenforceable
in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Amendment, and this
Amendment shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. In the event
of any inconsistencies between this Amendment and the Purchase Agreement, the terms of this Amendment shall govern. Except as set
forth above, the Purchase Agreement shall remain in full force and effect in accordance with its terms. References in the Purchase
Agreement to “this Agreement” shall mean the Purchase Agreement as amended by this Amendment, except where the context
otherwise requires.

 

(f)       The
provisions hereof shall inure to the benefit of, and be binding upon, the parties hereto and their respective successors, assigns,
heirs, executors and administrators and other legal representatives.

 

[Signature Pages Follow]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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In
Witness Whereof, the parties hereto have executed this Amendment as of the date set forth in the first paragraph above.

 

	 	COMPANY:
	 	 
	 	Medicine Man Technologies, Inc.
	 	 
	 	 
	 	By:   /s/Nancy Huber           
	 	Name: Nancy Huber
	 	Title: Chief Financial Officer
	 	 
	 	 
	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Third Amendment to Securities Purchase
Agreement]

 

 

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In
Witness Whereof, the parties hereto have executed this Amendment as of the date set forth in the first paragraph above.

 

 

	 	BUYER:
	 	 
	 	Dye
Capital Cann Holdings II, LLC
	 	 
	 	By: Dye Capital & Company,
LLC,
	 	its Managing Member
	 	 
	 	 
	 	By:    /s/
Justin Dye                      
	 	Name: Justin Dye
	 	Title: Authorized Person

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Third Amendment to Securities Purchase
Agreement]

 

 

    	 	5EXHIBIT
10.6 

SECURITIES
PURCHASE AGREEMENT

This
Purchase Agreement (“Agreement”), dated as of October 28, 2020, among Richard and Reagan Dean, (together, the “Seller”),
and Willamette Group Trust (“WGT”). This agreement supersedes any prior agreements or understandings.

W
I T N E S S E T H:

A.                
WHEREAS, the Seller owns 8,988,601 common shares
and 1,000,000 preferred shares of Stratus Capital Corp. (“SRUS” or the “Company”).

B.                
WHEREAS, WGT wishes to purchase 7,988,601 of
the outstanding common shares and 1,000,000 of the preferred shares of SRUS (the “Purchase Shares”) owned by the Seller
(5,971,330 and 2,017,271 common shares owned by Richard Dean and Reagan Dean, respectively, and 675,000 and 325,000 preferred
shares owned by Richard Dean and Reagan Dean, respectively), and the Seller desires to sell the Purchase Shares to WGT. Richard
Dean will retain 1,000,000 common shares after the completion of the transaction contemplated herein.

C.                
Both WGT and Seller are aware that the Company’s
stock is quoted with a symbol of SRUS and that the shares are very thinly traded and at a nominal price. Both WGT and Seller,
are aware that it is extremely difficult to deposit stocks under $5.00 per share with broker-dealers, that there may be substantial
costs in depositing such stock, that legal opinions may be required and add to the costs, that there may be transfer fees, that
commissions can be expected to be considerably higher on these transactions than on transactions of listed securities traded through
firms such as Charles Schwab, Ameritrade, etc., and that it is possible a certificate can be reject and never get deposited.

D.                
Both WGT and Seller are aware that the Company
has had a history of no revenue as a company and is exploring ways to increase its value which could include expanded internal
operations, developing operating subsidiaries, finding a merger opportunity, or other methods which might help it with increased
values. Both parties also acknowledge that if revenue increased or book value or other values increased, that may or may not be
reflected in the price the stock trades at; that is, the stock could trade higher or lower than it currently trades.

E.                 
The Seller acknowledges that they are waiving
the opportunity for the stock appreciation in the future, by selling these shares now, and as a condition of this purchase and
accepting the payment, is waiving any rights to any future value or to allege damages, and covenants not to sue the WGT, as a
material inducement to enter into this agreement.

 

NOW,
THEREFORE, it is agreed among the parties as follows:

 

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ARTICLE
I

 

THE
CONSIDERATION

1.1
Subject to the conditions set forth herein:

		(a)	WGT
                                         shall deliver to Seller the Consideration of $150,000.00 USD in (i) cash of $75,000 to
                                         be paid by January 15, 2021, and (ii) a secured promissory note bearing interest at eight
                                         percent (8%) for the balance of $75,000 to be paid by March 31, 2021, which is deemed
                                         full consideration for this Purchase Agreement. The secured promissory note will also
                                         be delivered with a Pledge and Security Agreement.
	 	 	 

		(b)	Seller
                                         shall deliver to WGT an aggregate of 7,988,601 common shares and 1,000,000 preferred
                                         shares of SRUS from Seller.
	 	 	 

		(c)	Simultaneous
                                         to this Purchase Agreement, a promissory note of approximately $150,000.00 USD will be
                                         given to the Seller by the Company (the “Company Note”) and will be personally
                                         guaranteed by Pedro C. Gonzalez with a maturity date of March 31, 2021.

ARTICLE
II

 

CLOSING
AND CONVEYANCE OF SHARES

2.1
The Purchase Shares shall be delivered by Seller to WGT, concurrent with the delivery of the initial cash purchase price set forth
hereinabove.

 

2.2
All parties agree that time is of the essence and agree that Closing Date shall occur upon delivery of the secured promissory
note for $75,000, the cash payment of $75,000, and delivery of the Purchase Shares.

 

ARTICLE
III

 

REPRESENTATIONS,
WARRANTIES, AND COVENANTS OF SELLER AS TO SRUS

Seller
hereby represents, warrants and covenants to WGT as follows:

3.1
SRUS is a corporation duly organized and validly existing under the laws of the State of Delaware.

3.2
The Seller owns the Purchase Shares that the Seller is conveying pursuant to this Agreement beneficially and of record, free and
clear of any lien, pledge, security share or other encumbrance, and, upon payment for the Purchase Shares as provided in this
Agreement, WGT will acquire good and valid title to the Purchase Shares, free and clear of any lien, pledge, security share or
other encumbrance. None of the Purchase Shares are the subject of any voting trust agreement or other agreement relating to the
voting thereof or restricting in any way the sale or

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transfer
thereof except for this Agreement. The Seller has full right and authority to transfer such Purchase Shares pursuant to the terms
of this Agreement.

3.3
This Agreement has been duly authorized, validly executed and delivered on behalf of the Seller and is a valid and binding agreement
and obligation of Seller enforceable against the parties in accordance with its terms, subject to limitations on enforcement by
general principles of equity and by bankruptcy or other laws affecting the enforcement of creditors’ rights generally, and
Seller has complete and unlimited power to enter into and to consummate the transactions contemplated by this Agreement.

3.3
Neither the making of nor the compliance with the terms and provisions of this Agreement and consummation of the transactions
contemplated herein by Seller will conflict with or result in a breach or violation of any law, statute, rule, regulation, or
any existing applicable decree, judgment or order by any court, federal or state regulatory body, administrative agency, or other
governmental body having jurisdiction over SRUS or Seller.

3.6
The representations and warranties of seller shall be true and correct as of the date hereof. Other than as contained in this
Agreement, Seller makes no representations or warranties whatsoever to WGT as to any matter relating to SRUS finances, stock,
debts, or any other obligations.

3.7
No representation or warranty by the Seller in this Agreement, or any certificate delivered pursuant hereto contains any untrue
statement of a material fact or omits to state any material fact necessary to make such representation or warranty not misleading.

3.8
WGT has not received any general solicitation or general advertising regarding the shares of Seller’s common stock.

 

ARTICLE
IV

 

REPRESENTATIONS,
WARRANTIES, AND COVENANTS OF WGT

4.1
WGT understands that the Purchase Shares have not been registered with the Securities and Exchange Commission, any state securities
agency or any foreign securities agency, and further, which has not been approved or disapproved by the Securities and Exchange
Commission, any state securities agency or any foreign securities agency.

 

4.2
WGT is acquiring the Purchase Shares solely for retirement to treasury and not with a view to, or for, resale in connection with
any distribution within the meaning of any federal securities act, state securities act or any other applicable federal or state
laws

 

4.3
WGT understands the speculative nature and risks of investments associated with the Purchase Shares, and confirms that the Purchase
Shares are suitable for and consistent with WGT's

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investment
program; that WGT’s financial position enables it to bear the risks of this investment; and that there is no guarantee WGT
will be able to sell the Purchase Shares to another subsequent buyer.

4.4
WGT affirms that it will not transfer, encumber, sell, hypothecate, or otherwise dispose of the Purchase Shares in any way that
will violate any federal and/or state securities laws.

 

4.5
WGT is an existing shareholder beneficially owned by Pedro C. Gonzalez, the Chief Financial Officer of the Company, and as such
has sufficient knowledge and experience in financial matters to evaluate the risks associated with WGT’s willing purchase
of the Purchase Shares, and WGT considers itself to be a sophisticated and knowledgeable purchaser, having extensive experience
in investing in small and micro-cap securities..

 

4.6
WGT is not a member of, or an associate or affiliate of a member of the Financial Industry Regulatory Authority.

 

ARTICLE
V

PROCEDURE
FOR CLOSING

 

5.1
At the Closing Date, the purchase and sale shall be consummated after satisfaction of all conditions precedent set forth in Article
VI, by Seller’s assignment for the Purchase Shares being delivered, duly executed, for the 7,988,601 common shares and 1,000,000
preferred shares of SRUS, and the delivery of the Consideration for Purchase to the Seller together with delivery of all other
items, agreements, stock powers, warranties, and representations set forth in this Agreement.

 

 

ARTICLE
VI

CONDITIONS
PRECEDENT TO THE CONSUMMATION OF THE PURCHASE

 

The
following are conditions precedent to the consummation of the Agreement on execution hereof or before the Closing Date, as may
be applicable:

 

6.1
Seller shall have performed and complied with all of its respective obligations hereunder which are to be complied with or performed
on or before the Closing Date. 

6.2
No action, suit or proceeding shall have been instituted or shall have been threatened before any court or other governmental
body or by any public authority to restrain, enjoin or prohibit the transactions contemplated herein, or which might subject any
of the parties hereto or their directors or officers to any material liability, fine, forfeiture or penalty on the grounds that
the transactions contemplated hereby, the parties hereto or their directors or officers, have violated

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any
applicable law or regulation or have otherwise acted improperly in connection with the transactions contemplated hereby, and the
parties hereto have been advised by counsel that, in the opinion of such counsel, such action, suit or proceeding raises substantial
questions of law or fact which could reasonably be decided adversely to any party hereto or its directors or officers.

 

6.3
All documents necessary to complete this sale shall have been deposited into escrow, and the consideration delivered.

 

 

ARTICLE
VII

 

TERMINATION
AND ABANDONMENT

 

7.1
Anything contained in this Agreement to the contrary notwithstanding, the Agreement may be terminated at any time prior to or
on the Closing Date:

 

 

		(a)	By
                                         mutual consent of parties;

 

		(b)	By
                                         WGT, if any condition relating to the Seller has not been met;

 

		(c)	By
                                         Seller or WGT, if any suit, action, or other proceeding shall be pending or threatened
                                         by the federal or a state government before any court or governmental agency, in which
                                         it is sought to restrain, prohibit, or otherwise affect the consummation of the transactions
                                         contemplated hereby.

 

		(d)	By
                                         WGT, if there is discovered any material error, misstatement or omission in the representations
                                         and warranties of Seller.

 

		(e)	By
                                         the Seller, if the Closing does not occur, through no failure to perform or act by Seller,
                                         on or before January 15, 2021.

 

ARTICLE
VIII

 

CONTINUING
REPRESENTATIONS AND WARRANTIES AND COVENANTS

 

8.1
The respective representations, warranties, and covenants of the parties hereto and the covenants and agreements of the parties
hereto shall survive after the closing under this Agreement in accordance with the terms thereof. 

8.2
There are no representations whatsoever about any matter relating to SRUS, Seller or any item contained in this Agreement, except
as is contained in the express language of this Agreement.

 

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8.3
Seller and its agents and attorneys shall have no liability whatsoever for any matter, omission or representation not specifically
disclosed herein, and WGT, as a specific inducement to Seller hereby releases Seller and his agents and attorneys and covenants
not to sue Seller, his agents and attorneys, under any circumstances for any matter not specifically and expressly represented
within this document. 

8.4
Seller fully waives and releases any rights to the shares being sold hereby or to claim damages for lack of information from WGT
or the Company, and covenants not to sue WGT or the Company for any reason relating to the Company, or the shares purchased hereby,
or the disclosure of information herein or otherwise in the market, or not.

ARTICLE
IX

 

MISCELLANEOUS

 

9.1
This Agreement embodies the entire agreement between the parties, and, other than the corresponding Settlement Agreement and Mutual
Release, there have been and are no agreements, representations or warranties among the parties other than those set forth herein
or those provided for herein.

9.2
To facilitate the execution of this Agreement, any number of counterparts hereof may be executed, and each such counterpart shall
be deemed to be an original instrument, but all such counterparts together shall constitute but one instrument.

9.3
This Agreement may not be amended except by written consent of both parties.

9.4
Any notices, requests, or other communications required or permitted hereunder shall be delivered personally or sent by overnight
courier service, prepaid, addressed as follows:

 

	To
    Seller:	Richard
    and Reagan Dean
	 	1842
    Montane Drive
	 	Golden
    CO 80401
	 

         
	 
	To
    Buyer:	Willamette
    Group Trust
	 	c/o
        Pete Gonzalez

        9227
        Lincoln Avenue, #425

	 	Lone
    Tree CO 80124
	 	 

 

or
such other addresses as shall be furnished in writing by any party, and any such notice or communication shall be deemed to have
been given as of the date received.

 

9.5 Further
Assurances. The Parties agree to execute and deliver such documents and to perform such other acts, promptly
upon request, as any other party hereto requests and which are, in the requesting party’s reasonable judgment,
necessary or appropriate to effectuate the purposes of this Agreement.

    	6 

    	 

    

 

9.6
Adequate Consideration. This Agreement is fully supported by mutual full, fair, adequate and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged and which considerations are contained in the provisions hereof in the
individual paragraphs.

9.7
Headings. The headings contained in this Agreement are for convenience and reference purposes only, and shall not in any
way be construed as effecting the meaning or interpretation of the text of this Agreement.

9.8
Opportunity to Consult With Legal Counsel. The Parties acknowledge they have had a full and fair opportunity to consult
with legal counsel of their own choosing throughout all negotiations which preceded the execution of this Agreement, and in connection
with their execution of this Agreement.

9.9
Modified Only in Writing. This Agreement may only be modified by express written agreement of the Parties.

9.10
Severability. Every provision of this Agreement is intended to be severable. Accordingly, should any provision be declared
illegal, invalid, or otherwise unenforceable by a court of competent jurisdiction, such illegality, invalidity, or unenforceability
shall not effect the remaining provisions, which shall remain fully valid, binding, and enforceable.

9.11
No Drafting Party. No party shall be deemed the “drafting party” of this Agreement. Consequently, this Agreement
shall be construed as a whole, according to its fair meaning and intent, and not strictly for or against any party hereto.

9.12
Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado.

9.13
Binding Agreement/Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties,
as well as their respective successors, representatives, and assigns.

9.14
Authority/Capacity/Entities. Each person signing this Agreement represents and warrants that he or she has complete authority
and legal capacity to enter into this Agreement on behalf of the entity for which he or she is signing, and agrees to defend,
indemnify, and hold harmless all other parties if that authority or capacity is challenged.

9.15
Knowing and Voluntary Agreement. The Parties represent they have read this Agreement, understand it, voluntarily agree
to its terms, and sign it freely.

9.16
Parties to Bear Their Own Fees and Costs. The Parties shall each be responsible for and pay all of their own fees and costs,
including but not limited to all attorneys’ fees.

 

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[SIGNATURE PAGE FOLLOWS] 

 

 

 

 

    	8 

    	 

    

IN
WITNESS WHEREOF, the parties have executed this Agreement this 28th day of October 2020.

  

	SELLER	BUYER
	 	 
	Richard Dean	Willamette
    Group Trust
	 	 
	/s/ Richard Dean	
    /s/ Pedro Gonzalez
		By:
    Pedro Gonzalez, TTEE
	 Reagan Dean	
	 	 
	
    /s/ Reagan Dean	 
	 	 
	 	 
	 	 

 

 

 

 

 

 

 

 

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