<?xml version="1.0" encoding="UTF-8"?>
<form>
    <fieldset name="basic">
        <field name="terms_text" type="textarea" 
            label="COM_CONVERTFORMS_FIELD_TERMSOFSERVICE_TEXT_LABEL"
            description="COM_CONVERTFORMS_FIELD_TERMSOFSERVICE_TEXT_LABEL_DESC"
            default="I agree with the terms of service"
            class="editorx show-smart-tags"
        />
    </fieldset>
</form>