
Startup Terms and Conditions
PART A – DEFINITIONS, START DATE, AND OUR AGREEMENT
1. Definition
1.1 These Terms of Business, along with their Schedules and any referenced documents (which are considered part of these Terms), outline the conditions under which Equisy Venture Limited, operating as Equisy (“we”, “us”, “our”), agree to provide access to the Platform and deliver services to you (“you”, “your”). This document also includes our legal obligations
1.2 The terms listed below will have the following meanings within this Agreement:
- Account: Refers to your online account for the Platform, created after completing your On-Boarding successfully.
- Agreement: Refers to the Agreement defined in clause 1.1, as updated or modified according to clause 18.
- Applicable Laws: Refers to all relevant laws or regulations in jurisdictions where we operate (that have legal authority) and any applicable professional standards.
- Business Day: Any day that is not a Saturday, Sunday, Christmas Day, Good Friday, or a public holiday in any part of the UK.
- Business Hours: The time between 09:00 and 17:00 (GMT) on a Business Day.
- Candidate: An individual (also referred to as ‘Talent’) we introduce to you under these terms, whom you may appoint as a Non-Executive Director, Fractional Executive, or other advisor or consultant for yourself or your company.
- Candidate Introduction: Defined in Schedule 1, and the terms “Introduce”, “Introduces”, and “Introduced” refer to the introduction of Non-Executive Directors, Fractional Executives, advisors, or Candidates generally.
- Confidential Information: Defined in clause 21.1.
- Data Protection Laws: All relevant data protection and privacy laws in effect in the UK or other countries where you or we operate, including GDPR, the Data Protection Act 2018, and the Privacy and Electronic Communications Regulations 2003, as amended.
- Effective Date: The date you apply via the Platform to complete On-Boarding.
- Equity Share: Shares within a company’s equity capital, as outlined in section 548 of the Companies Act 2006.
- Extended Term: Defined in clause 2.2.
- Fees: Defined in clause 8.
- Fractional Executive: A part-time executive engaged by a company to provide operational output and deliverables.
- Effective Date: The date you apply via the Platform to complete On-Boarding.
- GDPR refers to the General Data Protection Regulation (EU) 2016/679, which is retained in UK law.
- Group: Refers to a company, its holding company (if any), and any subsidiaries of that holding company. Each company in a Group is considered a member. This definition applies to the company as of the time of the Agreement.
- IA 1986: Refers to the Insolvency Act 1986.
- Initial Term: The period from the Effective Date to the end of the applicable Subscription Period.
- Investor Introduction: Defined in Schedule 1. The terms “Introduce”, “Introduces”, and “Introduced” refer to the introduction of potential investors.
- Non-Executive Director: A director who is not a full or part-time employee or holder of an executive position within a company.
- On-Boarding: The process outlined in clause 2.3.
- Platform: Refers to the website hosted at equisy.io and any subdomains, as well as other pages that may be included under this domain and identified as part of the Platform.
- Representative: An employee, officer, intermediary, agent, or delegate acting on behalf of a person.
- Secondary Investor Introduction: Defined in Schedule 1.
- Services: Services outlined in Schedule 1, as well as other services agreed upon as part of your subscription membership when purchasing via the Platform.
- Subscription Period: The period of the applicable subscription or membership as shown on the Platform during purchase or as otherwise agreed.
- Subsidiary: A company controlled or majority-owned by a holding company, either directly or indirectly, through voting rights or appointment of directors. A company that is a Subsidiary of another is also a Subsidiary of its holding company.
1.3 References to statutes or statutory provisions include all subordinate legislation under those statutes as of the Agreement date.
1.4 References to clauses and schedules refer to those within this Agreement unless otherwise specified.
1.5 Headings are included for convenience and do not affect the interpretation of this Agreement.
1.6 The term “person” includes individuals, corporations, and other entities with or without separate legal personalities, including their representatives and successors.
1.7 Singular terms include the plural, and references to gender include all genders, as applicable.
1.8 The term “deal” and its variations include all forms of engagement or response.
1.9 References to “writing” or “written” include electronic communications, such as email.
1.10 Terms such as “including”, “in particular”, or similar expressions are illustrative and do not limit the scope of the preceding words.
1.11 Any reference to actions or omissions by you includes actions done on your behalf or by your agent.
2. START DATE, TERM, AND ONBOARDING
2.1 This Agreement begins on the Effective Date and, unless terminated according to clause 19, will continue for the Initial Term.
2.2 After the Initial Term, the Agreement will automatically renew for additional one-year periods (each an “Extended Term”) unless terminated in accordance with clause 19. The Services will continue to be provided on an annual basis as long as your subscription or membership remains active, regardless of the length of the Initial Term or Subscription Period.
2.3 To use the Platform, you must complete the onboarding process (“On-Boarding”) successfully. Upon completion, your registration will be confirmed, and you will receive an Account. On-boarding includes filling out the registration form available on the Platform.
2.4 You confirm that the information you provide during On-Boarding and any information you publish on the Platform is true and accurate as of the date it is provided. You also agree to keep this information up to date.
2.5 You acknowledge that we may conduct anti-money laundering or identification checks as part of the On-Boarding process or at any other time. These checks may involve third-party services and could include reviewing your directors, shareholders, related companies, or other relevant parties. We are not responsible for any losses, delays, or issues that arise due to these checks or their results.
2.6 We reserve the right, at our discretion, to determine whether your On-Boarding is successful and are not liable for any losses, damages, or costs arising from this decision.
2.7 If your On-Boarding is deemed unsuccessful, this Agreement will terminate on the date we make that determination.
2.8 Unless we accept On-Boarding for more than one business you own, you may only hold one Account. Any attempt to create an additional Account will result in the termination of your Account and this Agreement.
2.9 Your Account is non-transferable.
2.10 By engaging with us and using the Platform, you agree to comply with these Terms of Business unless we mutually agree otherwise in writing.
2.11 These Terms of Business replace any previous terms or agreements that may have been established with you.
3. THE PLATFORM
3.1. We will provide instructions on how users can access and use the Platform. You may not allow anyone other than your employees and officers to access the Platform, and if you do, you will be fully responsible for their actions. We are not liable for any loss resulting from unauthorized access.
3.2. You must inform us if you believe your Platform login details have been compromised. If notified or if we determine your login details have been compromised, we will suspend your access to the Platform.
3.3. You are prohibited from posting, transmitting, displaying, or sharing content on the Platform that you do not own or have permission to use. You may not use the Platform or Services to create a competing product or to provide services to third parties.
3.4. We are not responsible for any content you post, transmit, display, or share on the Platform. You will indemnify us against any losses, damages, or costs arising from such content.
3.5. When using the Platform, you must not engage in any behavior that is obscene, offensive, discriminatory, defamatory, deceptive or violates any intellectual property rights or personal privacy. We may remove any content we consider abusive, spam, or otherwise inappropriate. You are also prohibited from using the Platform for unlawful or fraudulent purposes, or to send or upload any data containing viruses, malware, or harmful code.
3.6. We reserve the right to decline any content you submit for inclusion on the Platform at our discretion and without explanation.
3.7. We may remove or modify any information on the Platform without prior notice to you.
3.8. We do not verify or endorse the content or accuracy of information posted, transmitted, displayed, or shared on the Platform. You are responsible for conducting your own due diligence to verify any such information.
3.9. At our discretion, we may verify any information you upload to the Platform and remove it if necessary.
3.10. We may suspend your access to the Platform at any time, based on the information you have uploaded.
4. OUR RELATIONSHIP
4.1. Equisy Venture Limited, trading as Equisy, is a company registered in England and Wales with company number 14930927, and its registered address is Pippins Cherry Drive, Forty Green, Beaconsfield, Buckinghamshire, England, HP9 1XP.
4.2. This Agreement will remain valid even if our company name or registration number changes. You will be informed if any changes occur.
4.3. Unless confirmed in writing, we will treat only you as our client. We are not liable to any agent, intermediary, or fiduciary you may appoint, and your obligations to us will remain unchanged even if you appoint such a person.
4.4. We do not offer advice or recommendations regarding transactions, taxes, accounting, regulatory or legal matters (including sanctions). You should seek separate advice as needed.
4.5. This Agreement is provided in English, and all communications between us (including documentation) will be in English.
5. NON-EXCLUSIVITY
5.1. This Agreement does not prevent us from entering into similar agreements with other individuals or entities.
6. COMPLAINTS
6.1. If you are dissatisfied with our services, you may submit a formal complaint to: info@equisy.io.
6.2. For clarity, none of the Services are regulated activities under section 22 of the Financial Services and Markets Act 2000. As a result, you do not have the right to file complaints with the Financial Ombudsman Service or claim compensation from the Financial Services Compensation Scheme.
7.0 SERVICES
7.1 The specific Services we will provide under this Agreement are detailed in Schedule 1.
7.2 In some situations, we may act for or owe duties to other parties, which could conflict with our duties to you. If such a conflict of interest arises, we will inform you so that you are aware. Please refer to clause 13 in Part D of these Terms of Business for how we manage potential conflicts of interest.
7.3 When the Services involve us providing advisory, consultancy, or other professional services, we will make reasonable efforts to deliver the Services: (i) in a timely, professional, and communicative manner; (ii) with the level of skill, care, and prudence that would be reasonably expected from a professional company in this industry; and (iii) in compliance with all applicable laws and regulations.
7.4 The Services do not include financial, legal, or tax advice. You are responsible for seeking independent advice on these matters for your business, including one-to-one consultations, document provision, or introductions. While we aim to support your progress, including through Investor Relations Services as described in Schedule 1, we do not guarantee that you will secure investment offers or complete investment agreements.
8. FEES AND PAYMENTS
8.1 The Fees you owe us are outlined in Schedule 2 and may be adjusted from time to time in accordance with clause 18.2.
8.2 Payments should be made according to the payment instructions on the Platform or by a method we notify you of, which could include bank transfer, credit card, or direct debit. If you provide your credit card details, you authorize us to charge it on the Effective Date for the Initial Term’s Fees and each anniversary for the Extended Term’s Fees. All payments must be made without set-off or counterclaims unless legally required to withhold or deduct. If withholding or deduction is required by law, you must pay an additional amount to ensure we receive the full amount owed.
8.3 You must pay the Fees within 7 days of the due date unless otherwise notified. If payments are late, we will charge interest at 3.5% above the Bank of England’s base rate from the due date until full payment is made.
8.4 Interest, as described in clause 8.3, will apply before and after any court judgment, accrue daily, and be compounded quarterly, calculated on a 365-day-year basis.
8.5 Any sum we pay to you will include any applicable VAT or other taxes unless explicitly stated otherwise. If VAT or another tax applies to your payment to us, and it is not stated, you must pay this amount in addition to the payment.
8.6 Without notifying you, we may offset any liability you owe to us against any liability we owe to you, whether present or future, liquidated or unliquidated. You are not allowed to offset any sum you believe we owe you against sums you owe us.
8.7 You agree to indemnify us for any costs or expenses, including third-party fees, that we incur to enforce any term of this Agreement.
8.8 The Fees are non-refundable.
PART B– YOUR OBLIGATIONS
9. YOUR OBLIGATIONS
9.1 Throughout the duration of this Agreement, you agree to:
- Comply with all requirements, policies, and procedures that we reasonably impose, including ensuring that all financial promotions are clear, fair, and not misleading.
- Act in good faith towards us.
- Provide us with clear instructions.
- Ensure all information you provide to us is complete, fair, and accurate, including (but not limited to): 9.1.4.1. Confirmation that your share capital is correctly recorded in the public register at Companies House (or the equivalent in other countries, if applicable). 9.1.4.2. Confirmation that all intellectual property material to your business is legally and beneficially owned by you, is valid and enforceable, and not subject to opposition. 9.1.4.3. Details of any intellectual property infringement claims, including allegations that you are infringing others' intellectual property rights. 9.1.4.4. Details of any actual or pending litigation or disputes affecting your business or brand, including any potential issues that may lead to legal proceedings or disputes. 9.1.4.5. Details of all material liabilities. 9.1.4.6. Information about any security interest in your assets granted to third parties. 9.1.4.7. Details of any agreements you are in default of, any agreements with unusually onerous terms, and agreements of significant duration that involve material obligations. 9.1.4.8. Any circumstances in which you are or might be in breach of Applicable Laws. 9.1.4.9. Any additional information or documents we may request during On-Boarding or while this Agreement is in force.
- Notify us as soon as reasonably possible if any information provided to us was inaccurate, misleading, or requires updating.
- Attend any training reasonably required by us.
- Notify us as soon as possible if any of the events listed in clauses 19.4.2 to 19.4.7 occur.
- Comply with Applicable Laws.
- Provide us with all reasonable assistance we may request in a timely manner.
9.1 If we provide you with advisory, consultancy, or other professional services, you agree to work with us: (i) In a timely, professional, and communicative manner; (ii) With a level of skill, care, and diligence expected from a professional company receiving such Services; and (iii) In compliance with all applicable laws and regulations.
- You agree to assist us in providing the Services, including: (i) Granting us access to, and providing, information and assistance we may reasonably request to deliver the Services (and ensuring your employees, agents, and subcontractors do the same); (ii) Informing us within a reasonable period of any developments or proposals related to your business that may affect the Services; and (iii) Ensuring that, except as disclosed, the information you provide to us is complete and accurate in all material respects and that any information obtained from external sources is obtained lawfully.
- If you later discover that any information provided was untrue, unfair, inaccurate, or misleading, you will notify us immediately. We are entitled to rely on the information you or your representatives provide and have no obligation to verify it. You are responsible for ensuring the accuracy of any documentation prepared by us, and if information changes or is inaccurate, you must make necessary adjustments.
- You must provide us with information and attend scheduled calls and meetings regarding your business to enable us to deliver any agreed consultancy or advisory services in a timely and collaborative manner. You acknowledge that delays on your part will result in delays in the delivery of the Services.
- You accept responsibility for your business's development and the outcome of your fundraising efforts, and for communicating and cooperating with us. While we provide expertise and support, you (and your founders) are solely responsible for pitching to investors, securing investment commitments, and closing deals to the best of your abilities.
- Consultations will focus on business metrics, and while we offer guidance and intermittent check-ins (as agreed and booked by you), these are not professional financial, tax, or legal advice, and will focus solely on business strategy. Responsibility for fundraising remains solely with you, and no guarantee of success is implied.
- You acknowledge that we do not provide minimum or regular time commitments for the Services, and availability depends on our staff members' notice, expertise, and networks. We are not liable for any potential responsibility or liability arising from your breach of this clause.
10. WARRANTIES
10.1 You represent, warrant, and undertake that:
- You are solvent, and: (i) You are duly incorporated and validly existing under the laws of your place of incorporation; (ii) You have the legal right, full corporate power, and authority to execute and perform your obligations under this Agreement and related agreements; and (iii) This Agreement has been properly authorized and does not violate any laws or your constitutional documents.
- The information you provide is complete and accurate, particularly information relevant to investor fitness, propriety, or suitability for investment, and you will promptly notify us of any material changes.
- You are a limited company (or equivalent) with full power to enter into this Agreement and perform its obligations without violating any laws or other obligations. You have obtained all necessary governmental and regulatory consents and will execute documents as required to give full effect to this Agreement.
- You are legally entitled to offer Equity Shares to investors.
- You are legally entitled to enter into contracts to appoint Non-Executive Directors or advisors.
- You will promptly provide us with any information or assistance we may reasonably require to meet our professional obligations.
- You will inform us if you cease to be a limited company (or equivalent) or lose the legal right to offer Equity Shares to investors.
- You will act honestly, reasonably, and diligently when receiving Services and communicating with Equisy.
11. NON-SOLICITATION
11.1 You agree that during this Agreement and for 24 months following its termination, you will not:
- Attempt to induce or solicit any person to leave our employment or stop providing services to us.
- Attempt to induce or solicit any of our clients to cease business with us or enter into a business relationship with you.
- Employ, engage, or facilitate the employment or engagement of any of our employees or service providers, whether or not such actions would breach any contract.
11.2 These restrictions apply whether you are acting:
- Directly or indirectly.
- On your own behalf or in conjunction with any other firm, company, or person.
11.3 You acknowledge that damages may not be an adequate remedy for breaching this clause and that an injunction may be an appropriate remedy.
PART C – GENERAL
12. LIABILITY AND INDEMNITY
12.1 You acknowledge that damages may not be an adequate remedy for breaching this clause and that an injunction may be an appropriate remedy.
12.2 You agree to indemnify and hold us, including our directors, partners, officers, and employees, harmless from any liabilities, claims, demands, losses, damages, costs, or expenses (including reasonable professional fees) that may arise due to your negligence, wilful misconduct, bad faith, or breach of this Agreement by you or your directors, partners, employees, or agents..
12.2 Claims and demands in this clause include costs and expenses, including legal fees and administrative costs, arising from or related to your negligence, wilful misconduct, bad faith, or breach of this Agreement, including investigating and defending any claims or regulatory actions.
12.3 You are liable to pay us any sum due under this indemnity immediately upon demand, and this sum will constitute a debt. We may also deduct amounts owed to us from any payments due to you.
12.4 We are not liable for any loss or damage resulting from exclusions stated in this Agreement, errors or inaccuracies in the information you provide, or the actions of others.
12.5 We are entitled to assume that any information, directions, or instructions you provide are accurate and authorized, and we are not liable for any actions taken based on such information.
12.6 We are not liable for indirect, consequential, special, or punitive damages, loss of profit, business, or data, or any management time or reputational damage. Liability for innocent or negligent misrepresentation is excluded.
12.7 Our total liability under this Agreement is limited to the amount of Fees received in the 12 months preceding the claim, except for cases where liability cannot be lawfully excluded or limited. We are not responsible for investment success or the suitability of introduced parties, and you must conduct your own due diligence before forming relationships with third parties.
12.8 Nothing in this Agreement limits our liability for personal injury or death, fraud, or any other liability that cannot be excluded by law.
13. CONFLICTS OF INTEREST
13.1 We may provide services to multiple clients, leading to potential conflicts of interest. If such a conflict arises, we will inform you.
13.2 We aim to treat all clients fairly and avoid conflicts of interest, ensuring that our duties to one client do not prevent us from fulfilling our obligations to you.
13.3 We have policies to manage conflicts of interest, and if we cannot prevent potential harm to your interests, we will discuss this with you. You may request a copy of our conflicts of interest policy.
14. DATA PROTECTION AND ANTI-BRIBERY
14.1 We will retain and process personal information in accordance with our privacy notice available on the Platform.
14.2 In this clause:
- "Personal Data" refers to any information related to an identifiable person.
- "Controller" refers to the entity that determines the purpose and means of processing Personal Data.
- "Processing" means handling Personal Data by automated or manual means.
- Other terms, such as "Data Processor," "Data Subject," and "Personal Data Breach," have the meanings as defined by Data Protection Laws.
14.3 We will process all Personal Data in accordance with our Privacy Notice, available at https://equisy.io/privacy-policy/.
14.4 Both you and we will act as independent Controllers when processing Personal Data under this Agreement.
14.5 Each party must comply with its obligations under Data Protection Laws.
14.6 The Discloser may share Personal Data with the Recipient for the purposes set out in this Agreement.
14.7 When sharing Personal Data, the Discloser warrants that:
- There are no restrictions preventing data sharing.
- The disclosure complies with Data Protection Laws and confidentiality obligations.
- The disclosure is necessary for the purposes of the Agreement.
- Data subjects have been informed and consent obtained where necessary.
14.8 The Recipient must:
- Protect Personal Data against unauthorized access or destruction.
- Ensure only authorized personnel have access to Personal Data.
- Notify the Discloser of any Personal Data Breach.
- Assist the Discloser with responding to Data Subject requests and addressing data breaches.
14.9 Both parties must cooperate with each other to ensure compliance with Data Protection Laws.
14.10 The parties must take appropriate security measures to protect Personal Data and notify the other party of any data breaches.
14.11 Each party must comply with anti-bribery and anti-corruption laws and report any suspicious activity.
15. INTELLECTUAL PROPERTY RIGHTS
15.1 You retain ownership of your pre-existing intellectual property. We retain ownership of intellectual property developed or provided by us during the provision of services, including reports, advice, and templates. You are granted a limited, non-exclusive license to use our materials for the purposes of this Agreement.
15.2 You must not modify, sell, share, or reverse-engineer any materials we provide unless expressly authorized.
15.3 You are responsible for any content (“User Content”) you submit to the Platform and must ensure it complies with our acceptable use policies.
15.4 You retain ownership of your User Content but grant us a worldwide license to use, distribute, and reproduce it for the operation of the Platform and Services.
15.5 Intellectual property created specifically for you will be assigned to you once all fees have been paid.
15.6 We may use general materials created for other clients, but you do not gain rights to these unless otherwise agreed.
15.7 You retain all intellectual property rights to your brand and business, and nothing in this Agreement transfers these rights.
15.8 With your prior written consent, we may use your name, logo, or trademark in our promotional materials, and vice versa.
16. ASSIGNMENT AND THIRD-PARTY RIGHTS
16.1 We may assign or delegate our rights and obligations under this Agreement.
16.2 You may not assign or delegate your rights and obligations without our consent.
16.3 This Agreement does not grant rights to third parties under the Contracts (Rights of Third Parties) Act 1999.
17. NOTICES
17.1 Notices must be in writing and delivered by hand, post, or email to the addresses provided during On-Boarding or to our office at Pippins Cherry Drive, Forty Green, Beaconsfield, Buckinghamshire, England, HP9 1XP.
17.2 Notices are deemed received upon delivery, or within two business days if sent by post, or upon transmission if sent by email during business hours.
17.3 This clause does not apply to legal proceedings.
18. AMENDMENTS
18.1 We may amend this Agreement at any time by providing two months’ notice.
18.2 We may amend the Schedules with five business days’ notice.
18.3 We may immediately amend this Agreement where required by law by providing written notice.
19. TERMINATION
19.1 Either party may terminate this Agreement at the end of the Initial Term with 30 days’ notice. A grace period of 10 days will be available at the beginning of the Agreement.
19.2 After the Initial Term, either party may terminate the Agreement on the anniversary of the Effective Date with three months’ notice.
19.3 If we amend the Agreement, you may terminate it with one month’s notice.
19.4 Either party may terminate this Agreement immediately if:
- The other party commits fraud or dishonesty.
- A material breach occurs that cannot be remedied.
- A breach occurs that is not remedied within 30 days of notice.
- The other party becomes insolvent or ceases trading.
20. CONSEQUENCES OF TERMINATION
20.1 Termination does not affect accrued rights or obligations. You must pay any outstanding amounts within seven business days.
20.2 Clauses intended to survive termination will remain in force.
21. CONFIDENTIALITY
21.1 Confidential Information includes any information related to the business, assets, or affairs of the parties to this Agreement.
21.2 Confidential Information does not include publicly available information or information already known to the other party.
21.3 Confidential Information must be kept confidential and only disclosed for the purposes of the Agreement.
21.4 Confidentiality obligations continue after the termination of this Agreement.
22. FURTHER ASSISTANCE
22.1 Both parties will execute any necessary documents to give effect to this Agreement.
23. ENTIRE AGREEMENT AND RELATIONSHIP
23.1 This Agreement constitutes the entire agreement between the parties and supersedes previous agreements.
23.2 Each party acknowledges that they do not rely on any representations not contained in this Agreement.
23.3 This Agreement does not create a partnership or employment relationship between the parties.
24. MISCELLANEOUS
24.1 Each party bears its own costs in negotiating and entering into this Agreement.
24.2 Failure to exercise rights under this Agreement does not constitute a waiver.
24.3 If any term is deemed illegal or unenforceable, it will not affect the rest of the Agreement.
24.4 Equisy acts as an independent contractor.
25. GOVERNING LAW
25.1 This Agreement is governed by English law, and the parties submit to the exclusive jurisdiction of the English courts.
25.2 Each party consents to legal processes being served in accordance with this Agreement.
SCHEDULE 1 – THE SERVICES
We outline the services we may provide depending on the subscription membership you select when purchasing through the Platform (the “Services”).
1. INVESTOR RELATIONS SERVICES
1.1.5 We will provide information on additional services to help you decide what else you may wish to purchase.
2. SUPPORT SERVICES FOR ADVISORS (OR MENTORS)
2.1.4 You must collaborate proactively with the Advisor to ensure they have enough knowledge about your business to support you effectively.
3. Other Services
4. STAKEHOLDER REPORTING SERVICES
5. WHAT WE WILL NOT DO
5.1.6 Questionnaires and any documents generated are for general information purposes and are not a substitute for professional legal advice.
5.1.7 We are not liable for any errors, omissions, or damages caused by your use of our documents provided or of our supporting Services.
SCHEDULE 2 – FEES
1. FEES
2. PAYMENT DATE
Pippins Cherry Drive, Forty Green, Beaconsfield, Buckinghamshire, England, HP9 1XP
info@equisy.io
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