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                                                                 EXHIBIT 10.106

                                                               [NAME OF GRANTEE]

                           RESTRICTED STOCK AGREEMENT

      THIS AGREEMENT, made as of ____________, 200 (the "Award Date"), by and
between [NAME OF GRANTEE], residing at ____________________________("Name" or
"Stockholder") and UICI, a Delaware corporation (the "Company");

                              W I T N E S S E T H:

      WHEREAS, the Company has adopted the UICI 2005 Restricted Stock Plan (the
"Plan"), pursuant to which the Company may from time to time and subject to the
terms thereof make awards of restricted shares of the Company's Common Stock to
Eligible Participants in the Plan.

      WHEREAS, Stockholder is an employee of the Company and constitutes an
Eligible Participant under the Plan and, in connection with such employment the
Company desires to award Stockholder shares of common stock ("Common Stock") of
the Company, subject to the terms of this Agreement and the Plan;

      NOW, THEREFORE, the parties hereto agree as follows:

1.    AWARD. Stockholder is hereby awarded ___________________________________
      (______)shares of Common Stock (the "Restricted Shares"), subject to the
      terms and conditions of this Agreement and the Plan.

2.    REGISTRATION OF SHARES. The shares of Common Stock awarded hereunder have
      not been registered under the Securities Act of 1933, as amended (the
      "Securities Act"), and are "restricted securities" within the meaning of
      Rule 144 under the Securities Act. The shares cannot be sold, transferred
      or otherwise disposed of unless they are subsequently registered under the
      Securities Act or an exemption from registration is then available. The
      Company has no obligation or current intention of registering the shares
      under the Securities Act. Stockholder represents that he or she is
      acquiring the Common Stock awarded hereunder for investment and not for
      the purposes or with the intention of distributing the shares, except for
      a sale to a purchaser who makes the same representation in writing, and
      that such shares will not be disposed of in violation of the registration
      requirements of the Securities Act or any other applicable law.

3.    TRANSFER RESTRICTIONS.

      (a)   Restriction on Transfer. The Stockholder shall not transfer, assign,
            encumber or otherwise dispose of any of the Restricted Shares which
            are subject to a Restricted Period under Section 4. Such restriction
            on transfer, however, shall not be applicable to (i) a gratuitous
            transfer of Restricted Shares made to the Stockholder's spouse or
            family members, including adopted children, or to a trust for the
            exclusive benefit of the Stockholder or the Stockholder's spouse or
            family members, or (ii) a

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            transfer of title to the Restricted Shares effected pursuant to the
            Stockholder's will or the laws of intestate succession.

      (b)   Transferee Obligations. Each person (including a trust) to whom
            Restricted Shares are transferred by means of one of the permitted
            transfers specified in Section 3(a) must, as a condition precedent
            to the validity of such transfer, acknowledge in writing to the
            Company that such person is bound by the provisions of this
            Agreement and that the transferred shares are subject to forfeiture
            during the Restricted Period set forth in Section 4, to the same
            extent such shares would be so subject if retained by the
            Stockholder.

4. RESTRICTED PERIOD.

      (a)   Restricted Period; Vesting. The Restricted Shares shall vest over a
            -year period at % per year from the Award Date, so that, subject to
            the following provisions of this Section 4, the "Restricted Period"
            shall lapse with respect to, and the Stockholder shall accordingly
            acquire a vested interest in, 100% of the Restricted Shares awarded
            hereunder on the anniversary of the Award Date (the "Vesting Date").

      (b)   Forfeiture of Restricted Shares. If the Stockholder ceases to
            provide material services to the Company as an employee, independent
            contractor, consultant, advisor, director or otherwise (a
            "Termination Date") for any reason other than death prior to the end
            of the Restricted Period, any unvested shares that are subject to a
            Restricted Period shall be permanently forfeited.

      (c)   Effect of Death; Change in Control. Notwithstanding the Section 4(a)
            above, the Restricted Period shall lapse with respect to all of the
            Restricted Shares awarded hereunder in the event of the
            Stockholder's death or upon a Change in Control of the Company prior
            to the Stockholder's Termination Date. For purposes of this
            Agreement, a "Change in Control" shall be deemed to occur on the
            earliest of the existence of one of the following events:

            (i)   any "person" (as such term is used in Sections 13(d) or 14(d)
                  of the Exchange Act), other than one or more Permitted Holders
                  (as defined below), is or becomes the beneficial owner (as
                  defined in Rules 13d-3 and 13d-5 under the Exchange Act),
                  directly or indirectly, of more than 35% of the total voting
                  power of the Voting Stock (as defined below) of the Company
                  and (ii) the Permitted Holders "beneficially own" (as defined
                  in Rules 13d-3 and 13d-5 under the Exchange Act), directly or
                  indirectly, in the aggregate a lesser percentage of the voting
                  power of the Voting Stock of the Company than such other
                  person and do not have the right or ability by voting power,
                  contract or otherwise to elect or designate for election a
                  majority of the Board of Directors of the Company;

            (ii)  individuals who, as of the date hereof, constitute the Board
                  (as of the date hereof the "Incumbent Board") cease for any
                  reason to

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                  constitute at least a majority of the Board, provided that any
                  individual becoming a director subsequent to the date hereof
                  whose election, or nomination for election by the Company's
                  shareholders, was approved by a vote of at least a majority of
                  the directors then comprising the Incumbent Board shall be
                  considered as though such individual were a member of the
                  Incumbent Board, but excluding, for this purpose, any such
                  individual whose initial assumption of office is in connection
                  with an actual or threatened "election contest" relating to
                  the election of the directors of the Company (as such term is
                  used in Rule 14a-11 of Regulation 14A promulgated under the
                  Exchange Act);

            (iii) approval by the Company's shareholders of a reorganization,
                  merger or consolidation of the Company, in each case, with
                  respect to which all or substantially all of the individuals
                  and entities who were the respective beneficial owners of the
                  common stock and voting securities of the Company immediately
                  prior to such reorganization, merger or consolidation do not,
                  following such reorganization, merger or consolidation,
                  beneficially own, directly or indirectly, more than 70% of,
                  respectively, the then outstanding shares of common stock or
                  the combined voting power of the then outstanding voting
                  securities entitled to vote generally in the election of
                  directors, as the case may be, of the corporation resulting
                  from such reorganization, merger or consolidation, or of a
                  complete liquidation or dissolution of the Company or of the
                  sale or other disposition of all or substantially all of the
                  assets of the Company; or

            (iv)  the sale of all or substantially all, or a distribution of or
                  spin off to the stockholders of the Company of all or
                  substantially all, of the assets of the operating group or
                  division of the Company by which the Stockholder is now
                  employed or with which the Stockholder is now associated, or a
                  sale of a controlling block of capital stock of the subsidiary
                  of the Company by which the Stockholder is now employed.

      For purposes of this Section 4, the term "Permitted Holders" means Ronald
L. Jensen, his spouse and any child of Ronald L. Jensen and any person or entity
controlled by, under common control with or controlling Ronald L. Jensen or any
of the foregoing persons. The term "Voting Stock" of the Company means all
classes of capital stock of the Company then outstanding and normally entitled
to vote in the election of directors.

5.    ADJUSTMENT TO SHARES. In the event of any stock dividend, stock split,
      recapitalization or other change affecting the Company's outstanding
      Common Stock as a class without receipt of consideration, then any new,
      substituted or additional securities or other property (including money
      paid other than as a regular cash dividend), which is by reason of any
      such transaction distributed to the Stockholder with respect to the
      Restricted Shares, shall be immediately subject to a similar Restricted
      Period. Appropriate adjustments to reflect the distribution of such
      securities or property shall be made to the number of shares

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      of Restricted Shares for all purposes relating to the Restricted Period,
      and the Company (or its successors) may require the establishment of an
      escrow account for any property or money (other than regular cash
      dividends) distributed with respect to the shares covered by the
      Restricted Period in order to facilitate the exercise of such
      restrictions.

6.    LEGENDS. All certificates representing shares of stock of the Company
      subject to the provisions of this Agreement shall have endorsed thereon
      the following legend:

            THE TRANSFERABILITY OF THIS CERTIFICATE AND THE SECURITIES
            REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A
            CERTAIN RESTRICTED STOCK AGREEMENT BETWEEN THE REGISTERED OWNER AND
            UICI WHICH INCLUDES FORFEITURE PROVISIONS. A COPY OF THE AGREEMENT
            MAY BE OBTAINED UPN WRITTEN REQUEST TO THE SECRETARY OF UICI AT 9151
            GRAPEVINE HIGHWAY, NORTH RICHLAND HILLS, TEXAS.

            THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
            REGISTERED UNDER THE SECURITIES ACT OF 1933 OR ANY STATE SECURITIES
            ACT. THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE
            SOLD OR TRANSFERRED FOR VALUE IN THE ABSENCE OF AN EFFECTIVE
            REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND/OR AN APPROPRIATE
            STATE SECURITIES ACT, OR AN OPINION OF COUNSEL SATISFACTORY TO THE
            ISSUER THAT SUCH REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR
            ACTS.

7.    TAX WITHHOLDING

      (a)   By execution of the Agreement, Stockholder agrees to pay all
            withholding and other taxes payable with respect to the Restricted
            Shares evidenced by this agreement, at such times as withholding
            requirements are imposed upon the Company and in such manner as the
            Company may request and to comply with all Federal and state
            securities laws.

      (b)   Stockholder may elect, subject to approval of the Board of Directors
            or a committee composed of two or more non-employee directors within
            the meaning of Rule 16b-3(b)(3) of the Securities Exchange Act of
            1934 or any successor provision thereto , to satisfy the Company's
            tax withholding obligation, in whole or in part, by having the
            Company withhold shares having a fair market value equal to all or a
            portion of the amount required to be withheld. The value of the
            shares to be withheld is to be based upon the same price of the
            shares that is utilized to determine the amount of withholding tax
            that the stockholder owes. All elections under this Section 7(b)
            shall be (i) irrevocable, (ii) made in writing and signed by the
            Stockholder on a form to be prescribed by the Company and (iii)
            submitted to the Board of Directors or an authorized representative
            of the Company in advance of the date the Restricted Period expires
            or the Restricted Shares otherwise become taxable.

8.    MISCELLANEOUS.

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      (a)   Further Instruments and Actions. The parties agree to execute such
            further instruments and to take such further action as may
            reasonably be necessary to carry out the intent of this Agreement.

      (b)   Notices. Any notice required or permitted hereunder shall be given
            in writing and shall be deemed effectively given upon personal
            delivery or upon deposit in the United States Post Office, by
            registered or certified mail with postage and fees prepaid,
            addressed, if to the Stockholder at the address hereinabove first
            written, and if to the Company at 9151 Grapevine Highway, North
            Richland Hills, Texas 76180, Attn: General Counsel or at such other
            address as either party may designate to the other by ten (10) days'
            advance written notice to the other party hereto.

      (c)   Entire Agreement. This Agreement and the Plan represent the entire
            understanding of the parties with respect to the subject matter
            hereof and supersedes all previous understandings, written or oral.
            This Agreement may only be amended with the written consent of the
            parties hereto, and no oral waiver or amendment shall be effective
            under any circumstances whatsoever.

      (d)   No Waiver. No waiver of any breach or condition of this Agreement
            shall be deemed to be a waiver of any other or subsequent breach or
            condition, whether of like or different nature.

      (e)   Successors and Assigns. This Agreement shall be binding upon and
            shall inure to the benefit of the Company and Stockholder and their
            respective heirs, executors, administrators, legal representatives,
            successors and assigns, subject to the restrictions set forth in
            this Agreement.

      (f)   No Implied Rights. Nothing in this Agreement shall be construed as
            giving Stockholder any right to be retained as an employee of the
            Company.

      (g)   Additional Stock Issuance. Nothing in this Agreement shall be
            construed to limit or otherwise restrict the Company's right to
            issue additional Common Stock or other securities to any other
            party.

      (h)   Governing Law. This Agreement shall be construed in accordance with
            and governed by the laws of the State of Texas.

                                      * * *

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement
effective as of the day and year first above written.

                                    UICI

                                    By:_______________________________________

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                                               Glenn W. Reed
                                               Executive Vice President

                                    STOCKHOLDER

                                    __________________________________________
                                    Name:exv10w107

 

EXHIBIT 10.107

BENEFIT ADMINISTRATION FOR THE SELF-EMPLOYED

VENDOR AGREEMENT

This Agreement is made as of January 1, 2003 (“Effective Date”) by and between Specialized
Association Services, LTD, with offices at 2121 Precinct Line Road, Hurst, TX 76054 (“SAS”) and
BENEFIT ADMINISTRATION FOR THE SELF-EMPLOYED with offices at 601 Visions Parkway, Suite B, P.O. Box
37, Adel, IA 50003 (“Vendor”).

Section I. Responsibilities of Vendor

	 	A.	 	Vendor agrees to offer “Product” as described in Addendum I, to members of associations
serviced by SAS and set forth in Addendum II, which associations are hereinafter referred
to as “Clients.” Vendor agrees to offer Product through Clients or directly to members of
Clients. Vendor shall have no obligation to process for a Member of a Client until said
Member (1) satisfies Vendor’s underwriting standards as established by Vendor’s Credit
Department and (2) upon approval by Vendor’s Credit Department, executes the then current
merchant agreement without material modification or material additions thereto. Vendor
agrees to offer Product in accordance with the Product Discount Schedule and other
provisions set forth in Addendum I.
	 
	 	B.	 	Each month Vendor agrees to provide SAS in a mutually agreeable format, with a report
on Product usage for each Client during the preceding month. This report is due to SAS on
the 15th of each month. Failure to supply this report in an accurate and timely
manner will be considered a breach of this Agreement.
	 
	 	C.	 	Vendor agrees to provide SAS, as mutually agreed by the parties, with ad copy, photos
and/or illustrations as reasonably needed by Clients for promotion in printed or electronic
media. SAS and/or Client may determine the placement, usage and size of any ad copy,
photos, or illustrations submitted by Vendor for promotional purposes upon Vendor’s prior
written consent, which consent will not be unreasonably withheld.
	 
	 	D.	 	Vendor agrees to provide toll-free telephone access number (s) as set forth in Addendum
I for use by Clients and members of Clients.
	 
	 	E.	 	Vendor agrees to provide fulfillment and other materials to Clients and members of
Clients as set forth in Addendum I and as SAS and/or Clients may reasonably request from
time to time and as mutually agreed to by Vendor.
	 
	 	F.	 	Vendor agrees to take necessary steps to resolve any and all oral and written
complaints from members of Clients regarding Product in a timely manner. Vendor further
agrees to promptly send copies to SAS of any and all such written complaints and Vendor
agrees to inform SAS when and how each written complaint was resolved.

 

 

Section II. Responsibilities of SAS

	 	A.	 	SAS agrees to refer Clients and members of Clients to BENEFIT ADMINISTRATION FOR THE
SELF-EMPLOYED.
	 
	 	B.	 	SAS agrees to preserve in its files all original ad copy, photos and illustrations
provided by Vendor for promotional purposes. Such materials shall be maintained by SAS for
use in Client catalogues, brochures, websites and other publications used to promote
Product. Upon any termination of this Agreement, all such original materials shall be
promptly returned to Vendor.
	 
	 	C.	 	If SAS’s right to service any Client is terminated for any reason, SAS shall notify
Vendor and after thirty (30) days from Vendor’s receipt of said notice, such Client shall
be deemed deleted from Addendum II.

Section III. Confidentiality

Neither Vendor, SAS, nor their respective officers, directors, employees, or agents shall disclose
the terms of the Agreement to any unaffiliated third party without the written consent of the other
party, except as required by law. Except as set forth in this Section III, each party agrees that
it will not publish, communicate or disclose any membership list, names, addresses or phone numbers
of members, database or other confidential documents or information concerning the business, goods,
or services of the other party, including any association directly or indirectly serviced by SAS,
furnished to such party in connection with this Agreement (collectively “Confidential
Information”). Each party agrees that it shall not use in any way for its own account or the
account of any third party, nor disclose to any third party, any such Confidential Information
revealed to it by the other party for any purpose other than to carry out its express rights and
obligations under this Agreement. Each party shall protect the other party’s Confidential
Information from disclosure or misuse with the same degree of care it uses to protect its own
Confidential Information of a similar nature, but in no event with less than reasonable care. This
Section III shall survive any termination of this Agreement.

Section IV. Communications from Regulatory Agencies

If SAS or Vendor (hereinafter the “Receiving Party”) receives any inquiry from any administrative
authority, which in SAS’s or Receiving Party’s sole opinion requires the other party’s cooperation
in responding, then, within thirty (30) days of SAS or Receiving Party mailing notice thereof to
the other party, the other party must provide such assistance as may be reasonably requested by SAS
or Receiving Party in responding to such inquiry, including but not limited to, providing SAS or
Receiving Party with a written response as to the other party’s knowledge of the matter of inquiry.

Section V. Term and Termination

	 	A.	 	The term of this Agreement shall be for a period commencing on the Effective Date and
continuing until December 31, 2003 or unless otherwise modified or terminated as provided
in this Agreement. This Agreement shall renew for One (1) Year calendar term unless
terminated by either party on or before October 1st of the current year.
	 
	 	B.	 	Either party may immediately terminate this Agreement by Written notice to the other
party, if the other party breaches a material provision of this Agreement and the breach
has not be cured within thirty (30) days of receipt of notice of such breach or Specialized
Association

 

 

	 	 	 	Services determines that the product is no longer a viable benefit to our customers.
Either party may also terminate this Agreement by written notice to the other party in
the event that either party becomes or is declared bankrupt.
	 
	 	C.	 	Upon termination of this Agreement, Vendor shall cease any solicitation of existing
Clients and/or their respective Members for products or services substantially similar to
the Product provided by Vendor under this Agreement. Nothing in this Agreement shall
prevent Vendor from soliciting existing Clients and/or their respective Members for other
financial products or services offering through Vendor (as long as such other products and
services are not substantially similar to the Product offered under this Agreement) nor
shall Vendor be prohibited from continuing to service existing Clients and/or their members
who elect to continue to use the Product offered under this Agreement with Vendor, in which
case Vendor shall comply with Paragraphs (B),(D) and (F) of Section I.
	 
	 	D.	 	Upon any termination of this Agreement each party shall return to the other party all
copies of the other party’s Confidential Information and erase the other party’s
Confidential Information from its data bases except such information as is necessary to
continue to service those members to whom Vendor is permitted to continue limited sales
pursuant to Paragraph (C) of this Section V.

Section VI. Miscellaneous Provisions

	 	A.	 	INDEMNIFICATION AND HOLD HARMLESS — Vendor agrees to indemnify and hold harmless SAS
and Clients for all costs, expenses and attorney fees SAS may incur in recovering from
Vendor any property or belonging to or due SAS. Vendor agrees to indemnify and hold
harmless SAS for any claim, loss, cost liability or expense (including attorney fees),
which SAS may incur, resulting from Vendor’s Product or Vendor’s breach of this AGREEMENT,
violation of any law, regulation or court order. SAS agrees to indemnify and hold harmless
Vendor for all costs, expenses and attorney fees Vendor may incur in recovering from SAS
any property or belonging to or due Vendor. SAS agrees to indemnify and hold harmless
Vendor for any claim, loss, expense (including attorney fees), cost or liability, which
Vendor may incur, resulting from SAS’s breach of the AGREEMENT, violation of any law,
regulation or court order.
	 
	 	B.	 	GOVERNING LAW JURISDICTION — This Agreement shall be governed by and shall be
construed in accordance with the laws of the State of Texas, excluding its conflict of laws
provisions. The parties agree that all controversies that may arise between Vendor and SAS
concerning any transaction or the construction, performance or breach of this Agreement,
including any controversy over whether an issue is arbitral, shall be determined by
arbitration. Any arbitration under this Agreement shall be conducted before an arbitration
panel of the American Arbitration Association (“AAA”) and shall be conducted in the State
of Texas.
	 
	 	C.	 	WAIVER AND REMEDIES — The failure of either party to enforce at any time for any
period for any provision of this Agreement shall not be construed to be a waiver of such
provision or of the right of such party to thereafter enforce such provision, nor shall any
single exercise of any right or remedy hereunder preclude any other or future exercise
thereof or the exercise of any other right or remedy. In the event any party hereto
breaches or threatens to breach any provisions of Section III, then, the other party, in
addition to any other remedies it may have at law, shall be entitled to immediate
injunctive relief without the

 

 

	 	 	 	necessity of bond to prohibit such breach or threatened breach, it being acknowledged by
the parties hereto that an adequate remedy at law does not exist for protection of the
party’s interests with respect to such provisions and in the event of litigation, the
prevailing party shall be entitled to recover reasonable attorney fees and court costs
from the non-prevailing party. Remedies provided herein are cumulative and not
exclusive of any remedies provided at law.
	 
	 	D.	 	INDEPENDENT CONTRACTOR — The parties hereto are independent contractors. Neither
party shall have the right or power to enter into any agreement or commitment in the name
or on behalf of nor otherwise to obligate or bind the other and neither of them shall hold
itself out as having any authority to do so. It is understood that this Agreement does not
give SAS the power or the right to control the material details of the work Vendor performs
in connection with this Agreement and Vendor has the sole and exclusive power and right to
control the details of Vendor’s work.
	 
	 	E.	 	INVALIDITY — If any provision of this Agreement is held by a court of competent
jurisdiction to be contrary to law, then such provisions shall be construed, as nearly as
possible, to reflect the intentions of the parties hereto with the other provisions
remaining in full force and effect.
	 
	 	F.	 	NOTICE — Any notice to be given to the other party shall be in writing and shall be
deemed to be given if (i) delivered by telecopy with a record of receipt, (ii) mailed by
certified mail return receipt requested or (iii) sent by prepaid overnight courier, with a
record of receipt requested. If to SAS, at 2121 Precinct Line Road, Hurst, Texas, 76054;
Attention: C. Owen DeWitt, Jr.; if to Vendor, at 601 Visions Parkway, Suite B, P.O. Box
37, Adel, Iowa 50003; Attention: Terry Harrington. Each party may change its address by
written notice to the other.
	 
	 	G.	 	ENTIRE AGREEMENT; AMENDMENT — This Agreement constitutes the entire Agreement between
the parties with respect to the subject matter hereof and supercedes all prior
understandings, Agreements and arrangements between the parties. No amendment or
modification of this Agreement shall bind either party hereto unless made in writing and
signed by both parties, except to the extent SAS may amend Addendum II pursuant to Section
II, paragraph C. Neither Vendor nor SAS may assign this Agreement without the prior
written consent of the other party, which consent will not be unreasonably withheld,
delayed or denied.
	 
	 	H.	 	HEADINGS — The section and subsection headings in this Agreement are solely for the
purpose of reference and shall not in any way affect the meaning or interpretation of this
Agreement.
	 
	 	I.	 	LIABILITY — SAS will not have any liability for charge-backs and losses which are the
direct result of any processing agreements, except to the extent to which SAS has assumed
full liability for approval of such account(s), in writing, executed by a duly authorized
officer of SAS.

 

 

IN WITNESS OF THE PROVISIONS OF THIS AGREEMENT AS SET FORTH ABOVE, this Agreement has been duly
executed and delivered by the duly authorized representatives of the parties herein as of the day
and year first above written.

	 	 	 	 	 	 	 
	BENEFIT ADMINISTRATION FOR THE SELF-EMPLOYED	 	SPECIALIZED ASSOCIATION SERVICES, LTD
	 
	 	 	 	 	 	 
	BY:  /s/ TERRY HARRINGTON

	2-29-03	 	BY:  /s/ C. OWEN DeWITT, JR.	2-10-03
	 	 	 
	Terry Harrington

	 	Date
	 	C. Owen DeWitt, Jr
	 	Date
	PRESIDENT

	 	 	 	DIRECTOR OF MARKETING

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