Document:

Exhibit 10.25

 

Hoosier Fight
Club

 

Multi Fight Promotional
Agreement

 

Effective
this date, 08-14-2015, this agreement is hereby made by and between Hoosier Fight Club Promotions, its employees,
agents (hereinafter referred as “Promoter”) and Donald Cole Wilken (hereinafter referred to as “Fighter”)
who covenant and agree to be bound by the terms of, and do execute this Agreement personally and through Fighters duly authorized
representative, whose full name is: Donald Cole Wilken.

 

WHEREAS: Fighter covenants and agrees
to make all good faith efforts to prepare for, enter into, and participate to conclusion, in a 3 round, 5 minutes
per round, mixed martial arts (MMA) contest/bout on September 25, 2015 (Hammond, IN) at a weight not to exceed 170
pounds. Fighter’s opponent for the contest will be: Craig Fruth “Opponent”). In
addition, Fighter agrees to fight exclusively for Hoosier Fight Club Promotions for the above listed mixed martial arts (MMA)
contest, not participating in another promotion within 45 days prior to contest.

 

The contest will be held at The Horseshoe
Casino (“Venue”) located in Hammond, IN. The contest and its promotion will be managed by promoter pursuant
to a valid permit from the Indiana State Athletic Commission (the “Commission”).

 

WHEREFORE: In consideration of mutual
covenants and promises herein contained, and for good cause and valuable consideration, the Parties hereby do further covenant
and agree as follows:

 

EXCLUSIVITY: In consideration of
the obligations of Promoter to secure, arrange and promote said bout and pay Fighter’s purse, Fighter agrees that
Fighter shall not promote, co-promote and/or take part in any contest, exhibitions, or otherwise exercise Fighter’s
talent in any manner or place, Fighter’s name shall not be used in any other MMA event whatsoever during this agreement
without first obtaining the written permission of Hoosier Fight Club Promotions. The Fighter’s obligations will
terminate upon completion of said (four) fight agreement OR after a period of 12 months from date of first completed contest
by Fighter. Hoosier Fight Club Promotions will have first right of refusal of future agreements once initial agreement is
fulfilled. Hoosier Fight Club Promotions must be notified if offer is made by any other promotion and has first right of
refusal.

 

	Page 1 of 6	Fighter’s Initials 	 

 

    

     

    

 

EXECEPTION TO EXCLUSIVITY: Fighter
may participate in a contest for another promotion, as long as event is held outside of a 85 mile radius from the Horseshoe Casino,
Hammond Indiana or the Blue Chip Casino, Michigan City, Indiana and is held more than 45 days from a scheduled Hoosier Fight Club
Event. Written notice of contest will still be required by Hoosier Fight Club Promotions.

 

UFC CLAUSE: In the event that
the Fighter is given the opportunity to participate in a contest with the UFC or TUF, the fighter will be relinquished of any obligations
to Hoosier Fight Club Promotions.

 

RELEASE OF UFC OR TUF: In the event
that the Fighter is allowed to participate in the UFC or TUF then released by Zuffa, the Fighter will be obligated to fulfill the
remaining portion of the Agreement with Hoosier Fight Club Promotions regarding the amount fights and time remaining on the original
agreement proceeding the signing to the Zuffa Organization.

 

FIGHTER INCAPACITY TO PERORM: In the
event that the Fighter may not participate due to injury, military duty or incarceration, the terms of this contract will be extended
the exact length of non-participation.

 

CONSIDERATION: In consideration
for Fighter’s satisfactory performance of Fighter’s obligations under this agreement, Promoter agrees to pay Fighter
a fighter’s purse. If the fighter is ruled winner of said contest, Promoter shall pay Fighter an additional win bonus. Payment
shall be made to fighter in the form of a check, after completion of contest. The Fighter’s pay schedule will be based on
the following but not inclusive: 

		1.	The amount of professional fights that the Fighter has participated.

		2.	The win record of the fighter.

		3.	Televised fights will have special consideration regarding pay.

		4.	Title fights will have special consideration regarding pay.

 

REASONS FOR FIGHTER NONPARTICIPATION: Fighter
agrees that in the event that Fighter for any reason, and/or cause, that are under Fighter’s control, does not participate in the
contest, Fighter shall within five (5) days of Fighter’s cancellation reimburse Promoter any and all expenses including but not
limited to travel and hotel expenses incurred by Promoter for Fighter and /or Fighters corner, and any payments made to fighters
opponent. The following are the only exceptions that relieve a fighter of his/her obligations:

 

		1.	Provide a formal letter from a MD or DO hand-written on office letterhead excusing the Fighter from
competition for medical reasons. This letter must include an exact medical diagnosis, along with any physical or laboratory evidence
that supports this diagnosis, and a telephone number at which the MD or DO may be contacted. Promoter reserves the right to have
a Fighter examined by a MD or DO of Promoter’s choice.

 

	Page 2  of 6	Fighter’s Initials 	 

 

    

     

    

 

2.  Provide proper governmental
paperwork if called for active duty with any branch of the military.

 

3.  Provide a copy of
the death certificate in the event that an immediate family member passes. An immediate family member encompasses a spouse, children,
parents and siblings.

 

WEIGH-IN: Fighter’s weight shall
be determined at the location, date and time specified on Indiana Athletic Commission bout agreement.

 

		1.	In The event that the Fighter does not make weight and the Opponent still takes the contest, Fighter
will relinquish 30% of the fighter purse to be paid to Opponent. New Contracts will be written.

		2.	In the event that the Opponent does not make weight and the Fighter still takes the contest, Opponent
will relinquish 30% of the fighter purse to be paid to Fighter. New Contracts will be written.

 

PENALTIES:

 

		1.	In the event that the Fighter is late for weigh-ins (arriving later than the specified start time)
Fighter’s purse will be reduced by 10%.

		2.	In the event that the Fighter is late for rules meeting (arriving later than the specified start time
on the itinerary handed out at weigh-ins) Fighter’s purse will be reduced by 100%.

		3.	In the event that the Opponent does not pass the pre-fight physical, Promoter will pay Fighter’s purse.

 

DELEGATION OF DUTIES: Fighter or
Fighter’s Representation may not delegate Fighter’s duties for the contest.

 

	Page 3  of 6	Fighter’s Initials 	 

 

    

     

    

 

BREACH: Notwithstanding any terms
herein to the contrary, if Fighter enters into the Agreement, individually and/or through Fighter’s Representative, and Fighter
for any reason and/or cause is unable to participate in the Contest, and fails to timely notify Promoter in advance and in writing
of Fighter’s incapacity and/or inability to so participate, along with valid reasons therefore, and/or if Fighter’s reasons and/or
causes for Fighter’s failure to participate are deemed invalid and/or unsatisfactory by the Commission, Fighter and his undersigned
Representative shall be liable to Promoter for any and all losses and/or damages, specifically including, but not limited to, Promoter’s
expenditures, lost profits, compensatory damages, consequential damages, and reliance damages. Promoter shall be entitled to all
costs and reasonable attorney’s fees incurred as a result of Fighter’s and/or Fighter’s Representative’s breach of any of the terms
of this Agreement.

 

MEDICALS/REQUIRED PAPERWORK: Fighter
agrees to submit to Promoter and/or Indiana Athletic Commission no later than 2 weeks prior to event date. The tests that
are required can be found on the Commission’s website. Fighter acknowledges and agrees that Promoter has entered this Agreement
in reliance upon Fighter’s good health and ability to compete in the Contest. Fighter’s failure to provide valid copies of the
aforementioned examinations and/or test results, showing that Fighter may legally compete in the Contest, may be deemed a breach
of this Agreement at the discretion of the Promoter. Fighters who are late in their completed medicals are in breach of this
contract and will be fined a minimum of $50 and a maximum of the terms set forth in (BREACH) section of this contract, the severity
of which will be at the sole discretion of the PROMOTER.

 

INDEPENDENT CONTRACTOR: Fighter is
not an employee of Promoter; Fighter is and shall remain an independent contractor, responsible for Fighter’s own actions and expenses.

 

SUPPLEMENTAL INSURRANCE: Hoosier Fight
Club Promotions will provide secondary insurance coverage for all fighters. All costs are covered with pre approval procedures
being followed as mandated by the insurance carrier. A specific insurance attachment form outlining all guidelines, procedures
and protocols for an injured fighter will be provided.

 

FULLY INTEGRATED CONTRACT: This Agreement,
and its attached exhibits, are fully integrated containing the entire understanding between the parties and cannot be altered,
varied, or amended except by an agreement in writing signed by the parties hereto. Docusign digitial signatures shall be
as effective as originals.

 

ASSIGNMENT: This agreement shall
not be assigned by wither party without the prior written consent of the other party which shall not be unreasonably withheld;
provided, however, that either party may, without the prior consent of the other, assign all of its rights under this Agreement
to (i) a parent or subsidiary of a party, (ii) a purchaser of all or substantially all assets related to this Agreement, or (iii)
a third party participating in a merger, acquisition, sale of assets or other corporate reorganization in which either party is
participating. Any attempt to assign this Agreement in violation of this provision shall be void and of no effect. This Agreement
shall bind and insure to the benefit of the parties and their respective successors and permitted assigns.

 

	Page 4  of 6	Fighter’s Initials 	 

 

    

     

    

 

WAIVER, HOLD HARMLESS, and INDEMNITY:
Should any term, condition, and/or remedy contained in this Agreement be found invalid or otherwise unenforceable, the
remainder shall be in full force and effect. Any failure of refusal by Promoter to enforce any term, condition, or seek any remedy
under this Agreement shall not be considered or deemed to be a waiver. Fighter and/or his representative, after a full reading
and understanding of this Agreement and its terms, voluntarily and knowingly agree to hold harmless, indemnify and release Promoter
from any and all liability, claims, and/or damages related to and/or arising from any injuries and/or damages and/or losses experienced
and/or sustained by Fighter in any way related to the Contest and/or Fighter’s breach of this Agreement. Such indemnity shall include
Promoter’s costs and reasonable attorney’s fees.

 

REGULATIONS: The parties mutually agree
and consent to the governance of the Contest by the rules and regulations of the state commission that each fight takes place,
which are on file in the office of said commission and which rules and regulations are made a part hereof as it drafted herein
extensor. In the event of any conflict between the Commission’s rules and regulations and any term(s) of this Agreement, the terms
of this Agreement shall control up to and including the fullest extent that such terms can be legally enforced. Otherwise, the
Commission’s rules and regulations shall supersede the conflicting terms if mandated by law.

 

LEGAL EFFECT: It is agreed by both
parties that this Agreement shall be construed and interpreted pursuant to Indiana Law. Fighter agrees that the exclusive jurisdiction
for any disputes arising from and/or related to this Agreement shall be in the applicable federal and state court in Indiana and
Fighter irrevocably submits to that jurisdiction. Fighter agrees to accept service, personally, domiciliary, or through his appointed
agent, at the address provided herein above. Fighter agrees that a final judgment in any such action or shall be conclusive and
may be enforced in other jurisdictions by suit on the judgment or in any manner provided by law. Fighter further waives any objection
to venue, any objection to such action on the basis of from non-conveniens. Nothing in this paragraph shall affect the right of
Promoter to serve legal process in any manner permitted by law.

 

ADVERTISEMENTS/SPONSORSHIPS: It is
agreed by both parties that Fighter and/or Fighter’s corner, shall not sell, lease, rent and/or donate any part of their body for
advertisement and/or sponsorship purposes. Fighter and/or Fighter’s corner shall not carry any type of signage and/or wear any
clothing bearing logos signage or other advertisement and/or sponsorship without the prior written consent of Promoter. Any advertisement
considerations on behalf of Fighter and/or Fighter’s corner must be placed in writing at least ten (10) business days prior to
scheduled event and submitted via certified mail to address of Promoter listed above for approval thereof.

 

	Page 5 of 6	Fighter’s Initials 	 

 

    

     

    

 

PROPRIETARY RIGHTS: It is agreed by
both parties that Promoter reserves the right to record, copy, reproduce and/or televise matches live and/or tape delayed in whole
and/or in part. Fighter agrees that Promoter owns the worldwide rights in perpetuity, in whole and/or in part to any reproduction
of the pre-fight activities, the contest and post fight activities of the contest by any medium whatsoever whether live or delayed,
interactive, home or theater, pay, pay per view, satellite, closed circuit, cable or subscription, telephone, computer, DVD, CD
ROM, internet, video, audio cassette, images, photographs (including raw footage, out take and negatives).

 

SOCIAL MEDIA AGREEMENT: Fighter agrees
to promote this event on his/her Facebook page. Fighter will do this by promoting the event in His/her status once a week, starting
four weeks prior to event date. Fighter also agrees to create and “Event” on their Facebook with details and ticket information
for said event, four weeks in advance. Fighters who fail to meet the requirements set forth in the social media agreement are
in breach of this contract and will be fined a minimum of $50 and a maximum set of the terms set forth in (BREACH) section of this
contract, the severity of which will be at the sole discretion of the PROMOTER.

 

THUS DONE AND SIGNED, by the parties,
agreeing to be bound by the terms and conditions of this Agreement, after a due reading and understanding of the whole, fo warrant
that they have the full authority and capacity to bind or be bound hereto, and sign their names on the dates indicated.

 

	By:		 
	Hoosier Fight Club Promotions (Date)	 

 

	By:	/s/ Donald Cole Wilken 	9-5-15	 
	Fighter’s Signature (Date)	 

 

	By:	Donald Cole Wilken	 
	Fighter’s Printed Name (Date)	 

 

	By:	 	 
	Fighter’s Manager Signature (Date)	 

 

	Page 6  of 6	Fighter’s InitialsExhibit 10.26

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

THIS EXECUTIVE EMPLOYMENT
AGREEMENT (the “Agreement”), entered into effective July 18, 2016, by and between ALLIANCE MMA, INC., a Delaware
corporation (the “Company”) and Robert J. Haydak, an individual and resident of the State of New Jersey (the “Executive”)
and is delivered pursuant to, and subject to the terms of, that certain Asset Purchase Agreement, dated as of February 23, 2016
(the “Asset Purchase Agreement”), by and among CFFC PROMOTIONS, LLC, a New Jersey limited liability company
(“Seller”), the Company, the Executive, Michael V. Constantino, an individual and resident of the State of New
Jersey (“Constantino”, and together with Haydak, the “Members”). All capitalized terms not otherwise defined
herein shall have the meanings ascribed to such terms in the Asset Purchase Agreement.

 

In consideration of
the mutual covenants and undertakings herein contained, the parties, each intending to be legally bound, agree as follows:

 

1.            Employment. Upon the terms
and subject to the conditions set forth in this Agreement, the Company employs Executive as the Company’s President, and
Executive accepts such employment.

 

2.            Position. Executive agrees
to serve as President of the Company and to perform such duties as are commensurate with such office, including the oversight and
management of the employees and day-to-day operations of the Company and the Business. The Executive will devote substantially
all his business time and efforts to the Company and the Company’s business and will not engage in other business activities
without the Company’s prior consent, whether or not such business activity is pursued for profit, gain or other pecuniary
advantage. Nothing herein will prevent Executive from engaging in investment activities unrelated to the Company’s business
for his own account. The Executive shall have all the duties and powers of an officer of the Company and shall report to the Company’s
Chief Executive Officer.

 

3.            Term.
The term of this Agreement will begin on the Closing Date (the “Effective Date”) and will end on the three-year
anniversary of such date (the “Term”). After such initial three-year period, the Term will renew for renewal
periods of one year each unless either party gives the other written notice of intent not to renew at least sixty (60) days prior
to such date. The parties hereto agree that, upon the expiration of the Term, the Executive’s employment with the Company
will terminate and the Executive will not be entitled to any further compensation, except as otherwise expressly provided in this
Agreement. The Company will be under no obligation whatsoever to renew or continue the employment of the Executive beyond the
Term.

 

4.            Salary;
Bonus. Executive will receive a salary during the Term of One Hundred and Seventy Thousand ($170,000) per year (“Base
Compensation”), pro-rated for partial years, payable at regular intervals in accordance with the Company’s normal
payroll practices in effect from time to time. Executive’s Base Compensation will be reviewed annually by the Company’s
Board of Directors and Executive will be eligible for consideration for merit-based increases to Base Compensation as determined
by the Board of Directors in its sole discretion. In addition to eligibility for consideration of merit-based increases in the
discretion of the Board of Directors, Executive’s Base Compensation will be increased effective January 1 of each year during
the Term (commencing with January 1, 2017) by three percent (3%) to reflect anticipated increases in cost of living.

 

5.            Benefit Programs. (a)
During the Term, Executive will be entitled to participate in or receive benefits as follows:

 

    1

     

    

 

(i)          health and dental insurance
pursuant to the Company’s current or future plans and policies (premium for only Executive to be paid by Company);

 

(ii)         participation in Company
401(k) plan with Company match of Executive’s contribution on a dollar-for-dollar basis for the first 3% of Executive’s
Base Compensation; and

 

(iii)        participation in any
other Executive benefit plan of the Company provided to all employees of the Company on the same terms as other employees of the
Company based on tenure and position.

 

All benefits will be pursuant to programs
or arrangements made available by the Company on the date of this Agreement and from time to time in the future to the Company’s
other employees on a basis consistent with the terms, conditions and overall administration of the foregoing plans, programs or
arrangements and with respect to which Executive is otherwise eligible to participate or receive benefits. Executive acknowledges
such benefits are subject to change as and when changed by the Company generally.

 

(b)          During the Term,
the Company will provide Executive with a Company owned or leased computer and printer and supplies for Company purposes.

 

(c)          During the Term,
the Company will provide Executive with a mobile phone and either pay directly or reimburse Executive for the cost of a reasonable
plan for Executive’s use on behalf of the Company.

 

(d)          The items provided
in connection with paragraphs (b) and (c) will be returned by Executive to the Company upon any termination of this Agreement.

 

6.            General Policies. (a)
So long as the Executive is employed by the Company pursuant to this Agreement, Executive will receive reimbursement from the Company,
as appropriate, for all reasonable business expenses incurred by Executive in accordance with Company policies and in the course
of his employment by the Company, upon submission to the Company of written vouchers and statements for reimbursement.

 

(b)          During the Term, the Executive
will be entitled to three weeks of paid vacation, which will be utilized at such times when his absence will not materially impair
the Company’ s normal business functions. In addition to the vacation described above, Executive also will be entitled to
all paid holidays customarily given by the Company to its employees.

 

(c)          All other matters relating to
the employment of Executive by the Company not specifically addressed in this Agreement will be subject to the general policies
regarding employees of the Company in effect from time to time.

 

7.            Termination of Employment.
Subject to the respective continuing obligations of the parties, including but not limited to those set forth in Sections 8
and 9 hereof, Executive’s employment by the Company may be terminated prior to the expiration of the Term of this Agreement
by either the Executive or the Company by delivering a written notice of termination two weeks in advance of such termination (the
end of such two week period being the “Date of Termination”).

 

8.            Termination of Employment.
(a) In the event of termination of the Executive’s employment pursuant to (i) expiration of the Term, (ii) the death or Disability
(as defined below) of Executive, (iii) termination by Executive or (iv) termination by the Company with Cause (as defined below),
compensation (including Base Compensation) will continue to be paid, and the Executive will continue to participate in the employee
benefit and compensation plans and other perquisites as provided in Sections 4 and 5 hereof, until the Date of Termination
in a manner consistent with the applicable terms of the governing plan documents.

 

    2

     

    

 

(b)          In the event
of termination of Executive’s employment by the Company without Cause, (i) compensation (including Base Compensation) will
continue to be paid until the Date of Termination, (ii) the Executive will continue to participate in the employee benefit and
compensation plans and other perquisites as provided in Sections 4 and 5 hereof, until the Date of Termination, and (iii)
after the Date of Termination, Company will pay Executive an amount per month equal to the Base Compensation divided by twelve
(12) (pro-rated for partial months) until the end of the Term.

 

(c)          The following
Terms will have the following meanings for purposes of this Agreement:

 

(i)          “Cause” means
termination of the Executive by the Company for:

 

(A) the commission of a felony
or a crime involving moral turpitude or the commission of any other act or omission involving dishonesty or fraud with respect
to the Company;

 

(B) conduct which brings the Company
into public disgrace or disrepute;

 

(C) gross negligence or willful
gross misconduct with respect to the

Company;

 

(D) breach of a fiduciary duty
to the Company;

 

(E) a breach of Section 9 
of this Agreement;

 

(F) Executive’s failure to
cure a breach of any term of this Agreement (other than Section 9) within thirty (30) days after receipt of written notice
from the Company specifying the act or omission that constitutes such breach.

 

(ii)         “Disability”
means the physical or mental incapacity of Executive for a period of more than ninety (90) consecutive days, the determination
of which by the Company will be conclusive on the parties hereto.

 

9.            Non-Compeition and Confidentiality
Covenants. Executive and Company are party to that certain Non-Comeptition and Non-Solicitation Agreement, dated of even date
herewith (the “Non-Competition Agreement”), which is incorporated herein by reference. The Non-Competition Agreement
contains, among other things, covenants of Executive respecting non-competition, non-solicitation and non-disclosure. Any breach
of the Non-competition Agreement that is not cured as permitted therein shall be deemed a breach of this Section 9. The Non-Competition
Agreement shall survive the termination of this Agreement pursuant to its terms.

 

10.          Notices. For purposes
of this Agreement, notices and all other communications provided for herein will be in writing and will be deemed to have been
given when delivered or mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed
as follows:

 

    3

     

    

 

	If to the Executive:	Robert J. Haydak
	 	416 Kings Highway East
	 	Haddonfield, New Jersey 08033
	 	(856) 297-2465
	 	 
	If to the Company:	Alliance MMA, Inc.
	 	590 Madison Avenue, 21st Floor
	 	New York, New York 10022
	 	Attention: Paul K. Danner, III, CEO
	 	Phone:  (212) 739-7825
	 	Facsimile:  (212) 658-9291
	 	 
	with copies to:	 
	 	 
	 	Mazzeo Song & Bradham LLP
	 	444 Madison Avenue, 4th Floor
	 	New York, NY 10022
	 	Attention: Robert L. Mazzeo, Esq.
	 	Phone: (212) 599-0310
	 	Fax:  (212) 599-8400

 

or to such other address as either party
hereto may have furnished to the other party in writing in accordance herewith, except that notices of change of address will be
effective only upon receipt.

 

11.          Governing Law. The validity,
interpretation, and performance of this Agreement will be governed by the laws of the State of Delaware, without reference to the
choice of law principles or rules thereof, except to the extent that federal law will be deemed to apply.

 

12.          Modification. No provision
of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in a writing
signed by the Company and the Executive. No waiver by any party hereto at any time of any breach by another party hereto of, or
compliance with, any condition or provision of this Agreement to be performed by such other party will be deemed a wavier of dissimilar
provisions or conditions at the same or any prior subsequent time. No agreements or representation, oral or otherwise, express
or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this
Agreement.

 

13.          Validity. The invalidity
or unenforceability of any provisions of this Agreement will not affect the validity or enforceability of any other provisions
of this Agreement which will remain in full force and effect.

 

14.          Counterparts. This Agreement
may be executed in one or more counterparts, each of which will be deemed an original but all of which together will constitute
one and the same agreement.

 

15.          Assignment. This Agreement
is personal in nature and Executive may not, without consent of the Company, assign or transfer this Agreement or any rights or
obligations hereunder.

 

16.          Document Review. The
Company and the Executive hereby acknowledge and agree that each (i) has read this Agreement in its entirety prior to executing
it, (ii) understands the provisions and effects of this Agreement, (iii) has consulted with such attorneys, accountants and financial
and other advisors as it or he has deemed appropriate in connection with their respective execution of this Agreement, and (iv)
has executed this Agreement voluntarily and knowingly.

 

    4

     

    

 

17.          Entire Agreement This
Agreement together with any understanding or modifications thereof as agreed to in writing by the parties, will constitute the
entire agreement between the parties hereto.

 

 

[Signature Page to
Executive Employment Agreement Follows]

 

    5

     

    

 

[Signature Page to Executive Employment
Agreement]

 

IN WITNESS WHEREOF,
the parties have caused the Agreement to be executed and delivered as of the date first set forth above.

 

 

ALLIANCE MMA, INC.

 

 

By:  /s/ Paul K. Danner, III               

Name: Paul K. Danner, III

Title: CEO

 

 

  /s/ Robert J. Haydak                        

Robert J. Haydak

 

 

 

    6

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