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c o r p o r A T E p r o F I L E

TM

Fossil fuels are acceleratingclimate change.

With infinite energy inside.

Energy powers todays dreams.

Our good old sun.

Waiting to be tapped forever.

Dreams shape tomorrows world.

The answer to the worlds energy demand is on the horizon.

Climate change is impacting the worlds flora and fauna.

EngineeringVikram India LimitedOne of the worlds largest manufacturer of CTC tea processing machinery and equipment from green leaf withering to tea packaging, undertaking turnkey tea factory installations. It continues to serve the ever growing needs of the global tea industry.

TextileMaruti Textile Pvt. Limited Pioneer Syntex Pvt. Limited Vikram Polyester Pvt. Limited Gujarat Hiflow Yarn LimitedState-of-the-art textile yarn and dyes & chemical processing plants in Surat, Gujarat (India).

PhilanthropyBallaram Hanumandas Charitable TrustNetwork of boarding and day schools and post graduate engineering college.

BRCM Public School Gyankunj

BRCM Public School - Vidyagram

BRCM College of Engineering & Technology

Kalyan Bharti Trust The Heritage School Heritage Institute of Technology The Heritage Academy

Hari Krishna Chaudhary FoundationFormed under the Chairmanship of Shri Hari Krishna Chaudhary and the college named GDC Memorial College was started from 2011-12. The college is affiliated to MDU, Rohtak.

Solar PowerVikram Solar Pvt. LimitedManufacturer of photovoltaic solar modules, EPC provider, O&M service provider and independent power producer.

Accolades Awarded for export excellence by

the Engineering Export Promotion Council (EEPC), every year since 1974.

Emerged as a star performer in product group (Machinery).

Honoured for outstanding performance in the Export of Engineering Goods (CTC segment, tea machinery and spares).

Received special export award by Chemicals & Allied Products Export Promotion Council.

Awarded a Special Shield (Eastern Region) by Engineering Export Promotion Council.

Bestowed an all India Special Shield for Capital Goods Exporter (SSI) by Engineering Export Promotion Council.

Received the Highest Exporter Award (Eastern Region) with Continuous Excellence (SSI) by the Engineering Export Promotion Council.

Trophy for Highest Export Eastern Region by Engineering Export Promotion Council.

Managing diversityGROUP BUSINESSES

Vision in action

At Vikram Group, we have grown from strength to strength since inception. Our core values encourage us to drive quality, efficiency, innovation and growth for our group.

Today, we have emerged as one of Indias fastest growing companies in the past decade in the spheres of tea machineries, textiles and solar energy. The multiple industry experience and managerial expertise of the Group will continue to be a beacon of strength for Vikram Solar.

We are sensitive to community concerns and will continue to work closely with stakeholders to help accelerate socio-economic well being.

H. K. ChaudharyChairman, Vikram Group of Industries30+

Country presence

Vikram The name is originally a Sanskrit

word, which means courage.

10,000Employee strength

of Vikram Group

Firm on a strong foundation

At ViKrAm Group, we HAVe AlwAys belieVed in trAnslAtinG our

Vision into on-Ground reAlities tHrouGH strAteGiC foresiGHt And

implementAtion.

witH oVer four deCAdes of experienCe, we HAVe emerGed As A

leAdinG mAnufACturer And exporter of A wide rAnGe of teA

proCessinG mACHines, botH in indiA And AbroAd. todAy, we HAVe

suCCessfully trAnsformed ourselVes from A sinGle produCt plAyer

to A well-diVersified Group witH A pioneerinG GlobAl leAdersHip

position in teA mACHinery, textiles, pHotoVoltAiC modules And

eduCAtionAl institutions.

in All tHese yeArs, we HAVe proGressed on tHe strenGtH of A riCH

mix of innoVAtion, teCHnoloGy foCus, extensiVe tAlent pool And

mAnAGeriAl CompetenCe.

150 MW Annual PV module

manufacturing capacity

12 countriesGlobal footprints with offices in four

continents (Asia, Europe, North America and Africa)

Going great with the sun

Foresight and fortitude

We are young in thought and action. However, our ability to identify and respond to the evolving demands of the solar industry has enabled us to emerge as a global force to reckon with. Today, our solar modules are being used by some of the fastest growing businesses globally. Our business reflects a commitment to help provide clean, green, reliable and cost-effective solar energy to an energy-deficient world.

Vikram Solar stands for reliability. In a short span, our Company has emerged as one of the frontrunners in the PV industry. Thanks to our cutting-edge technology, manufacturing excellence and experienced team, we have been able to design and develop a range of advanced solar photovoltaics in line with the growing global energy demands. We have inculcated a culture of meritocracy to embrace global best practices and reach out to discerning customers across the world.

Gyanesh ChaudharyCEO and Managing Director

These values have helped us

establish our brand globally.

Values Integrity

Quality

Service

Innovation

Commitment

Accountability

Business portfolioWe design and manufacture solar photovoltaic modules, provide turnkey EPC solutions for both on-grid and off-grid applications, operate and maintain (O&M) solar power plants and have forward integrated into an independent power producer.

MissionAt Vikram Solar we combine technological acumen with managerial skill and forge experience with innovation, analysis and judgment to provide optimum value to our global customers. Our sustained growth and development, since our initiation in 2006, testify to our strong commitment towards customer satisfaction.

At Vikram Solar, every team member identifies himself not only as a team member but as an enterprising missionary contributing their skill, judgment, and action towards development of a competitive and healthier business culture.

VisionVision is in action.....At Vikram Solar we have put together all the fundamental qualities innovation, technology, and skill in perfect coordination with management, experience, and analysis to transfer this vision into reality. Customer satisfaction is paramount to our success ever since our inception, as we continue with our rich legacy to achieve greater feats in the near future.

10+ Pan-India touch points (Delhi, Jaipur, Surat, Ahmedabad, Mumbai, Pune,

Bangalore, Kolkata and more)

AimOur aim is to deliver uncompromising value to our customers across the globe.

Quality Product

Manufacturing Excellence

Product Warranty

Customer Service

Service and Support

At ViKrAm solAr, we Are enGAGed in mAnufACturinG

teCHnoloGiCAlly AdVAnCed pHotoVoltAiC (pV) solAr modules.

we CommenCed operAtions in 2006 And HAVe now emerGed As

one of tHe leAdinG pV mAnufACturers GlobAlly.

our stAte-of-tHe-Art fACility is loCAted in tHe speCiAl

eConomiC Zone At fAltA, west benGAl.

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Global presence

EuropeA. Germanyb. ItalyC. Spaind. United Kingdom

North Americae. North Carolina

Australiaf. Adelaide

Asia G. IndiaH. Bangladeshi. Nepal J. Sri LankaK. Dubai

Africa l. South Africam. Kenyan. Nigeriao. Uganda

India1. Delhi2. Jaipur3. Ahmedabad4. Mumbai5. Pune6. Bangalore7. Surat8. Kolkata9. Chennai 10. Raipur

pan-global touch points

e

At ViKrAm solAr, our ConsiderAble nAtionAl And internAtionAl presenCe

HAs enAbled us to stAy in touCH witH strAteGiC mArKets And CreAte VAlue

for our Customers.

400 GW to 600 GW

The capacity addition, which the solar industry is likely to witness

by 2020

50-foldSolar PV installations are expected

to increase 50-fold by 2020, outpacing installation rates of gas,

wind, hydro and nuclear.

10% Annual reduction in the underlying

cost of production until 2020,as production capacities are expected

to double over the next three to five years

US$ 800 billion to US$ 1.2 trillion

The expected total investment over the next decade globally

sources

Mckinsey& Company Resource Revolution: Meeting the worlds energy, materials,

food and water needs, 2011

Mckinsey& Company Solar power Darkest before dawn, 2012

NPD Solarbuzz 2012 Marketbuzz

Making better sense of the sunA siGnifiCAnt surGe in GlobAl enerGy demAnd will fACilitAte sustAinAble

GrowtH of renewAble enerGy. At ViKrAm solAr, we Are A dynAmiC

pArtiCipAnt of tHe solAr enerGy erA.

12-foldIncrease in the contribution of

solar energy, from 0.1% in 2012 to 1% in 2030 of the total global

energy pie

72 cells modules and 350 Wp family panels with the 88 cells modules.

We use 100% electroluminescence test for cells, pre and post lamination stage, to ensure the manufacture of micro crack free modules.

Manufacture multi-crystalline and mono-crystalline modules.

Manufacturing process incorporating the best-in-class operating procedures.

We manufacture modules with area efficiency of 15-16.5%.

best performance among peers at lowest light intensity.

Modules with low temperature coefficient facilitate operations at high temperature and humidity regions.

Modules certified for use at high and low temperatures (-40 to +85 degrees).

superior durability modules have passed 3000 hours of Damp Heat Tests.

first indian manufacturer to identify and incorporate changes in manufacturing processes in order to reduce potential induced degradation (pid) at module level.

Modules manufactured with cells

The unit is geared to manufacture mono and multi-crystalline solar modules. The state-of-the-art manufacturing facility for solar PV modules started production from September 2009. Our large manufacturing facility is located in the Special Economic Zone (SEZ) at Falta, West Bengal (one hour from Kolkata, Eastern India).

Technology edge We have adopted state-of-the-art technology platforms and have partnered with leading technology providers.

Our production capacity is 150 mw.

Technology partners from usA, Japan, switzerland and Germany.

Modules in the power class of 10 Wp to 365 Wp with 260 Wp family for 60 cells modules and 300 Wp family for

Sharpening the cutting edge

At ViKrAm solAr, we HAVe one of indiAs most teCHniCAlly AdVAnCed module

mAnufACturinG fACilities. our fully AutomAted And Certified unit is eQuipped

witH world-ClAss mACHinery from leAdinG mAnufACturers GlobAlly.

from narrow Impp bins which ensure optimal performance at string level.

Modules made with optimal shunt resistance cells for superior hot spot resistance.

Complies with IEC 61215 (quality and design), IEC 61730 (safety) and IEC 61701 (salt mist corrosion), and MNRE (ELDORA 3 to ELDORA 280), UL 1703 & MCS (ELDORA 140 to ELDORA 280), CEC, BS OHSAS 18001:2007, ISO 9001:2008, ISO 14001:2004.

High reliability with guaranteed 0 to +4.99 Wp positive power output tolerance, ensuring faster return on investment (ROI).

Withstands very high wind-pressure and snow load (passed 5400 Pa mechanical loading test as per IEC standard).

85%Our plant maintains an average

capacity utilisation of 85% (one of the highest in industry

with a strong pipeline)

25 yearsLimited power output warranty. 90% for a period of 12 years &

80% for a period of 25 years under Standard Test Conditions (STC)

Top 10Listed as one of the top ten solar

companies in India*

*Source: Electronics Bazaar

enduring oem partnerships

In-house R&D team and strong relationship with various major technology providers help us to keep updated with new technology developments. We closely conduct research study programmes with laboratories, such as Fraunhofer Institute of Technology and Institut fr Solarenergieforschung GmbH for product testing and trials to enhance the durability of our solar PV modules.

Technology driven

Driven by our vision

We have a robust employee training, appraisal, career development and progression agenda for 600 motivated employees.

People power

Our modules are made of high efficiency solar cells, low iron content tempered glass and premium encapsulants, complying with the best international standards. As a result, our module efficiency is 15-16.5% (highest in class).

Quality quotient

Since inception we have catered to customer requirements globally. The result is consistent repeat business and greater customer satisfaction. Moreover we also enjoy enduring relationships with our suppliers globally.

Long-term relationships

Our modules (3 Wp to 365 Wp) are designed for versatility and sustainability and find use in all applications - industrial, commercial, residential and utility grade projects.

Multiple uses

We are present across the entire value chain including R&D, design, manufacture and distribution of solar energy system components. We have also forward integrated as a turnkey EPC solutions provider, operations and maintenance (O&M) and Independent Power Producer (IPP).

Value chain

We have an extensive global presence with a strong foothold across more than 12 countries worldwide.

Global presence

We have embarked on a backward integration with plans of commencing the manufacture of solar cells in the near future.

Future endeavour

Our cumulative production capacity is 150 MW and we are ready to enhance capacity to 300 MW across the value chain in three phases.

Capacity expansion

ICRA has assigned SP 1B (pronounced Solar Power one B) to Vikram Solar. The grading indicates the Highest Performance Capability and Moderate Financial Strength of the channel partner to undertake off-grid solar projects.

Ratings

We help produce clean and green energy and reduce carbon footprints by manufacturing eco-friendly PV modules and solar PV systems.

Green quotient

Quality accreditations

Quality USPs Conduct extensive research for raw

materials selection after several trials, which exceed expectations of IEC 61215 tests; cells with excellent low light and optimal thermal co-efficient performance.

Excellent resistance to Hot spot degradation and uV exposure.

Use high transmission low iron, tempered and anti-reflection coated glass.

Use deep anodized aluminium frames, which are resistant to

corrosion and abrasion; they provide strong insulation against salt mist corrosion.

Provide standard ip65 junction box, with Schotky bypass diode having excellent thermal stability and low forward voltage drop.

Modules go through stringent checks for el image, cell chipping, visual inspection, Hipot tests, insulation resistance, ground continuity test, peel strength test, dark iV test, adhesion test and wet leakage tests.

Accreditations

tuV: ieC 61215, ieC 61730, ieC 61701

ul 1703 and mnre (eldorA 3 to eldorA 280)

mCs (eldorA 140 to eldorA 280) and CeC

iso 9001:2008 and iso 14001:2004

bs oHsAs 18001:2007

Our PV modules multi-crystalline Solar PV modules

mono-crystalline Solar PV modules

Our range of modules We have six series of module ranges:

eldora micro series Available upto 36 Cells (3 Wp to 150 Wp)

eldora mini series Available with 48 Cells (170 Wp to 195 Wp)

eldora Core series Available with 54 Cells (195 Wp to 220 Wp)

eldora prime series Available with 60 Cells (225 Wp to 250 Wp)

eldora Grand series Available with 72 Cells (150 Wp to 300 Wp)

eldora Jumbo series Available with 88 Cells (350 Wp to 365 Wp)

Other products Solar Street Lights

Home Lighting Systems

Thinking brightOUR PRODUCTS HELP ENHANCE THE QUALITy OF LIFE OF PEOPLE IN MORE WAyS THAN ONE.

Jumbo Series Grand Series Prime Series Core Series

Micro and Mini Series

Recommended applications

BS OHSAS 18001:2007

off-Grid residential roof-top systems

off-Grid/on-Grid (Commercial & industrial) roof-top systems

on-Grid utility grade solar power plant

street lighting, bts system & mini off-Grid system

our eldora range of high efficiency solar pV modules are available from 18 cell variants suitable for micro applications to 72 and 88 cell variants used in utility scale projects. our wide range of products are grouped as micro, mini, Core, prime, Grand and Jumbo series based on the number of cells in each module that relate to the output voltage of the same.

ELDORA SeriesHigh efficiency solar pV modules

end-to-end r&d

Our R&D initiatives start right from the development of the raw materials used for making a solar PV module. The R&D team involves itself closely with our technology partners in making products of best industrial standards that achieve significantly high KWh/KWp generation amongst competitors in a level playing field.

research collaborations

We conduct research study programmes with laboratories such as ISE Fraunhofer and Institut fr Solarenergieforschung

Advancing research capabilities

At Vikram Solar, the core objective of our research and development is continuous product improvement in line with evolving global standards. Our products and applications are developed to enable faster ROI, benefiting end consumers.

integrated platform

We employ cutting-edge technologies at our state-of-the-art production facility for manufacturing solar modules. Our R&D team is meticulously developing new technologies and techniques to enhance module efficiencies.

pid (Potential Induced Degradation) free modulesone of the biggest degradation effects on the energy yield of solar modules is potential induced degradation (pid). this is caused by migration of ions from the glass into the cell under high voltage bias close to the floating negative terminal of the inverter. this effect can cause a normal solar modules output to decrease during operation. even though there are system level solutions to this problem, it is preferred that the degradation is contained at module level. Vikram solars research & development team has developed a solution to ensure its modules are tolerant to pid effects and the energy yield is maintained intact with no degradation in output.

GmbH for product testing and trials for enhancing the quality and reliability of our solar PV modules.

Continuous focus

Consistent improvement of quality, reliability testing and production processes enable us to stay a step ahead in achieving the highest generation under varying weather conditions and diverse geographies.

tHe Core essenCe of our reseArCH And deVelopment At ViKrAm solAr is

Aimed At tHe Continuous improVement of our produCts.

Multi-cell EL test view

Module current voltage and power curve

electroluminescence (el) testing

Vikram Solar uses in-line and off-line EL Imaging in order to detect any potential defect at the stringer stage and at the module Level and ensures the modules dispatched have Zero Defects induced by materials and processes.

We act as the principal contractor for the construction of each solar power plant. We ensure reliability, risk-free yields and durability by using quality multi-system products complementing each other. Our projects are executed through Vikram Proener Projects (JV of Vikram Solar and Proener Group), which is primarily into Engineering, Procurement and Construction (EPC) projects.

Vikram Solar: EPC benefits Security: Ensure performance

security to protect the interests of investors

Experience: In-depth experience in typical and complex installations

Bankability: Provide a bankability contract to our project company satisfying lender requirements

Project business

At ViKrAm solAr, our business model rAnGes from tHe ACQuisition of

deVeloped sites to tHe serViCinG And mAintenAnCe of Completed solAr

ArrAys tHrouGHout tHeir lifetime.

Joint venture

Vikram Solar entered into a joint venture with Proener Renovables, Spain in 2009 under the name Vikram Proener Projects. Proener was established in 2004 as an EPC solution provider. The Proener Group has three wings namely Proener Energia, Proener Renovables and Proener Industrial. The Company has in its name more than 50 MWp of power plant installations and project executions totalling over 300 MWp. With a team of over 250 people, Proener has presence in four countries. Our joint venture with Proener straddles Europe, Asia, North America and Africa.

Promoting Identifying location of appropriate project sites

Discussion with necessary authorities

Conducting basic processes for obtaining

licenses and procedural permits

Engineering Suitability and estimation of production

Basic and detailed engineering

Conduct geological and topographical studies

Execute civil works design

Mechanical design and specs definition

Electrical LV/HV design and specs definition

Grid connection design and specs definition

Procurement Qualified vendors portfolio

Invite for quotation

Supplier selection

Quality supervision and inspection at supplier

facilities

Deliveries follow up

Construction Project management

Planning and schedules/follow up

Coordination with customers

Quality contractor assurance

Commissioning Document and drawing of the executed project

Detailed quality review

Project set up

Project commissioning

Project handover to owner

Operations and maintenance

Vikram Proener offers preventive and

corrective maintenance services for solar

plants

Operates and maintains five power

plants (generating 16 MW) in India and

in collaboration with Proener O&M team

maintains 80 MW globally

Offers monthly reporting on generation and

activities

Proener has developed its own software to

retrieve and manage generation data

EPC solutionsVIKRAM PROENER HAS A HIGHLy SKILLED AND DEDICATED EPC TEAM TO ENSURE END-TO-END PROJECT ExECUTION.

Alhama de Murcia, Spain - 6 MW

Going Off-GridWith an off-grid solar system, the entire electricity needed is produced on-site and stored in a battery bank. The system owner has complete control over the generation and consumption of electricity. We carefully design our systems considering individual power needs at the site and energy efficiency - the two key components of a successful off-grid system.

Benefits of Off-Grid solar energy

Reduced energy costs

Energy independence

Energy security

Enhanced environmental awareness

At Vikram Solar, we provide professional installation and system maintenance to ensure the long life, reliability and safety of your solar PV system. It is important to maintain affordability and support our clients with their off-grid systems.

Utility grade On-GridUtility scale solar plant is a solar plant that has signed an official agreement of power purchase with a utility provider. The utility scale solar power plant ranges from 1 MW and above.

Benefits of Utility grade On-Grid solar energy

Caters to peak power demands as it is able to release maximum output during peak times

Environment friendly compared to conventional combustion generators on account of zero-carbon emissions

Flexible power output matches demand and supply

No cost fluctuations associated with solar power. Once a solar plant is built, the costs are virtually guaranteed, and this makes budgeting and planning much easier, and more reliable

State MLA hostel, Kohima, Nagaland, India - 100 kW

Bap, Rajasthan, India - 40 MW

Mounting structure schematic

bap, rajasthan - 40 mw - one of indias largest epC power plant

Latitude: 270 28.538N: 720 18.654E Longitude

Project NVVN: EPC 40 MW

Location: Bap, Rajasthan

Modules: Vikarm Solar Eldora 230

Size: 1,90,000 modules

On Grid Power: 7300000 MWH/year

Location: Konark, Kutch, Gujarat, India Size: 5 MWpType: Grid Tied

Location: Molisati Vinimay Odisha, IndiaSize: 1 MWpType: Grid Tied

Location: Roorkee, Uttarakhand, IndiaSize: 2 MWpType: Grid Tied

Location: Kottenheim, GermanySize: 1.05 MWpType: Grid Tied

Location: Chhattisgarh, IndiaSize: 2 MWpType: Grid Tied

Location: Argamasilla (Ciudad Real), SpainSize: 29 MWpType: Grid Tied

Location: Villanueva De La Serena, Spain Size: 10 MWpType: Grid Tied

Project portfolio

Location: Magacela (Badajoz), SpainSize: 10 MWpType: Grid Tied

Location: Jagannath temple, Odisha, India Size: 30 kWType: Off-Grid

Happily Active launch new solar products forge new business partnerships enhance the technology quotient in the

solar space Conduct strategic sessions for

manufacturers and engineers organise regular meets for investors

and financiers to promote the renewable energy space

influence policymakers to make solar energy more attractive to end users

As you read this, we are implementing more ideas to improve the way we perform, engage with stakeholders and create value for a fast evolving solar industry. In short, the energy inside Vikram Solar is helping create a new platform for solar energy globally.

Our future is sunnyOUR IMMEDIATE OBJECTIVE IS TO ENHANCE THE PHOTOVOLTAIC CAPACITy TO 300 MW ACROSS THE VALUE CHAIN IN DIFFERENT PHASES.

Our coordinatesCORPORATE OFFICEVikram Solar Pvt Ltd, 1, Old Court House Corner,Tobacco House 4th Floor, Kolkata 700 001West Bengal, IndiaPh: +91 33-22307299Fax: +91 33-22484881 Email: info@vikramsolar.com

CENTRAL SALES AND MARKETING OFFICEAmar Kunj 53 Sarat Bose Road, 3rd Floor, Kolkata 700025 West Bengal, IndiaPh: +91 33-4003 0408/2475-2193Fax: +91 33-4003-0409Email: pvsales@vikramsolar.com

SOUTHERN REGION OFFICEBangaloreKrishnanda Nagar,1st Main Road, near Ganesha Temple,Nagarbhavi 2nd stage,Bangalore 560091Mobile: +917829211500Mobile: +919886300013 Email: pvsales.bangaluru@vikramsolar.com

ChennaiJains Green AcresC3, block 1591, Dargah road, Zamin PallavaramChennai 600043Mobile: +919941227722

EUROPEVikram Solar GmbH, Am Exerzierplatz, 68167 Mannheim, GermanyPh: +49 (0) 621 718957 0 Fax: +49 (0) 621 718957 11Email: europe@vikramsolar.com

AFRICAJagdish RaoP. O. Box 4507,Kampala, Uganda.Ph / Fax: + 256 - 41 - 4541592, Mobile +256 - 712 - 981561

Sanjay KhannaP. O. Box: 18922 00500Nairobi, KenyaMobile: +254 720 731 888; 737 101 653

NORTHERN REGIONNew DelhiB-93B, 2nd Floor, Panchsheel Vihar, Malviya Nagar, New Delhi 110017, IndiaPh: +91 (011)40524855Fax: +91 (011)40524855Email: pvsales.delhi@vikramsolar.com

WESTERN REGIONPune10, Krishnamai Apartment, Above Hotel Sarja, ITI Road,Aundh, Pune 411 006Maharashtra, IndiaPh: +91 (020)41201808Fax: +91 (020)41201808Email: pvsales.pune@vikramsolar.com

SuratMaruti Textiles268-270, G.I.D.CPandesaraSurat 394 221Ph: +91 261 2897711-14Fax:+91 261 2897716Email: info@marutitextile.comWebsite: www.marutitextile.com

Mumbai301, Acme Plaza, Opp.Sangam Cinema,Andheri Kurla Road, Andheri (East)Mumbai 400059, India.Ph: +91 22 66921428/28314850/28314853Fax: +91 22 28361464

Energy inside represents our guiding philosophy at Vikram Solar. We create products with energy inside. Our corporate credo helps make solar energy an enduring reality for millions of people across the world.

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