Document:

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                                                                    Exhibit 10.8

                               AGREEMENT REGARDING
                          THE CONTINUATION AND RENEWAL
                           OF THE LEASE OF PREMISES AT
                       20 BOMAX DRIVE, VILLAGE OF LANSING,
                            TOMPKINS COUNTY, NEW YORK

         AGREEMENT made this 18th day of July, 2001, by and between BOMAX
PROPERTIES, LLC, a New York limited liability company with an office at 42 Esty
Drive, Ithaca, New York 14850 (f/k/a Bomax Properties) ("Bomax"), and TRANSACT
TECHNOLOGIES INCORPORATED, a Delaware corporation with an office at 7 Laser
Lane, Wallingford, Connecticut 06492 ("TransAct").

                                    RECITALS

         A. Bomax and TransAct are parties to a Lease Agreement dated as of
March 23, 1992, pursuant to which Bomax leased to Ithaca Peripherals (TransAct's
predecessor-in-interest) approximately 5.34 acres of land in the Village of
Lansing, Tompkins County, State of New York, and agreed to construct a
manufacturing and office building for Ithaca Peripherals on the Premises. Such
building was constructed and permanent occupancy thereof was delivered to Ithaca
Peripherals on or about November 20, 1992; the Lease commencement date under the
Lease Agreement was November 20, 1992.

         B. Bomax transferred the Premises to the Tompkins County Industrial
Development Agency ("the IDA"), subject to the Lease, on or about June 11, 1993
and entered into an installment sales contract to purchase the property back
from the IDA. Under the installment sales contract, Bomax retained all
beneficial rights and interest in the Premises.

         C. Ithaca Peripherals then requested that Bomax construct an addition
of approximately 10,476 square feet ("Addition No. 1") to the Premises (as then
defined in the

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Lease Agreement) and the parties entered into a Lease Amendment dated as of
October 18, 1993 ("First Amendment") providing for the construction of such
Addition No. 1 and to amend the Lease Agreement accordingly.

         D. The parties entered into a Lease Amendment dated as of December 2,
1996 ("Second Amendment"), wherein and whereby Ithaca Peripherals exercised the
option to lease Parcel 2 (as defined in the Lease Agreement and Second
Amendment).

         E. The Second Amendment reflected the facts that:

                  1) Parcel 2 was conveyed by Bomax to IDA, subject to the Lease
Agreement, as amended by the First Amendment and Second Amendment, and Bomax
entered into an installment sales contract to purchase the property back from
the IDA. Under the installment sales contract, Bomax retained all beneficial
rights and interest in the premises.

                  2) Bomax constructed a second addition of approximately 23,000
square feet ("Addition No. 2"), possession of which was delivered to Ithaca
Peripherals on July 1, 1997.

         F. The Second Amendment provided:

                  1) The term of the Lease Agreement, as amended by the First
Amendment and the Second Amendment, was extended to provide for its expiration
ten years after the issuance of a certificate of occupancy for Addition No. 2.
The certificate of occupancy was issued on July 1, 1997, so the expiration is
June 30, 2007.

                  2) The agreed rent in the Second Amendment was as follows:

                  Years 1 through 5 (i.e., 7/1/97-6/30/02) - $7.00 per gross sq.
                  ft.

                  Years 6 through 10 (i.e., 7/1/02-6/30/07) - $7.50 per gross
                  sq. ft.

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         G. The Lease Agreement, the First Amendment and the Second Amendment
are collectively referred to as the "Lease."

         H. TransAct has requested that Bomax make certain additional
improvements to the Premises, and more particularly:

                  1) The conversion of "the Courtyard" to office space; and

                  2) The construction of a 10,548 square feet warehouse
         addition.

                  (1 and 2 above are collectively referred to as "Addition No.
         3")

                  NOTE: TransAct agrees to remove the greenhouse at its sole
         cost and expense.

         I. Bomax is willing to make such Addition No. 3 subject to satisfaction
of the contingencies set forth below.

         J. The parties desire to set forth their agreement regarding Lease
terms until Addition No. 3 is completed and to enter into a renewal Lease to be
effective thereafter.

                  NOW THEREFORE, the parties agree:

                  1. Until such time as Addition No. 3 is completed and the
certificate of compliance and/or certificate of occupancy therefor issued, all
provisions of the Lease dated March 23, 1992, as modified by the amendments
dated as of October 18, 1993 and December 2, 1996 shall remain in full force and
effect except as set forth below.

                  a. The following new paragraph shall be added at the end of
Article I, Section C of the Lease:

         "Bomax agrees to construct on the Premises, at its own cost and
         expense, an addition of approximately 10,548 square feet on the south
         side of the building currently located on the Premises for warehouse
         purposes and to convert "the Courtyard" to office space (3,260 sq. ft.)
         (collectively, "Addition No. 3").

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         Addition No. 3 shall be constructed in accordance with the following
         plans and drawings prepared by Tallman & Tallman, Architects, which
         plans have previously been reviewed and approved by Bomax and TransAct,
         along with such other changes thereto as may be hereinafter approved by
         Bomax and TransAct:

                  T-T1 - Site Plan - Revised 5-24-01

                  T-T2 - Foundation Plan - 5-24-01

                  T-T3 - First Floor Plan - 5-24-01

                  T-T4 - Elevations - 5-24-01

                  T-T5 - Sections - 5-24-01

                  T-T6 - Wall Sections - 5-24-01

                  T-T7 - Plan at Existing Courtyard - revised 6-12-01

                  T-T8 - Sections - Existing Courtyard - 5-24-01

         NOTE:  TransAct shall remove the greenhouse (441 sq. ft.)

                  b. The following new paragraph shall be added at the end of
Article I, Section E of the Lease:

         "Construction of Addition No. 3 shall commence on or about August 1,
         2001 and shall be completed and delivered to TransAct for lawful
         occupation on our about December 1, 2001, both dates being subject to
         the satisfaction of the contingencies set forth below. Addition No. 3
         shall be constructed and rendered to TransAct for occupancy, in
         compliance with the Building Code of the Town and Village of Lansing,
         County of Tompkins and State of New York for use as a light
         manufacturing facility."

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                  c. Article I, Section F (1) of the Lease (as previously
amended) is hereby amended to read as follows:

         "(1) Bomax has obtained or will obtain all governmental permits,
         licenses, certificates and approvals to construct and occupy the
         building and Addition No. 3 contemplated by this Agreement."

         2. Bomax repeats each of the other representations and warranties set
forth in Article I, Section F and acknowledges that the representations and
warranties apply with equal force to Addition No. 3 and to the construction to
be undertaken hereunder.

         3. Effective upon the date of the issuance of a certificate of
occupancy for Addition No. 3, the new Lease, annexed hereto shall be and become
effective.

         4. During the construction of Addition No. 3, Bomax agrees to use its
best efforts to coordinate construction so as to minimize disruption of
TransAct's business operations.

         5. Except as specifically amended hereby, the Lease Agreement and the
Lease Amendments as of October 18, 1993 and December 2, 1996 shall remain in
full force and effect in accordance with their terms.

         6. All capitalized terms herein, unless defined herein, shall have the
same meanings as set forth in the Lease.

         7. The IDA is signing this Agreement solely for the purpose of
signifying its consent hereto, but does not undertake and shall not be liable or
responsible for any of the obligations or liabilities of Bomax under the Lease.

         8. This Agreement is subject to and contingent upon the following:

                  a. Bomax obtaining financing satisfactory to it in its sole
discretion.

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                  b. Bomax obtaining IDA approval, including such approvals as
may be required in order to be exempt from the payment of sales taxes on the
purchase of materials required for the construction of Addition No. 3.

                  c. Issuance of a building permit for the construction of
Addition No. 3.

         9. This Agreement may be signed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

         IN WITNESS WHEREOF, the parties have subscribed this Agreement as of
the date first written above.

BOMAX PROPERTIES, LLC                     TRANSACT TECHNOLOGIES INCORPORATED

By:      /s/ Robert T. Dean                        By: /s/ Richard L. Cote
         ---------------------------                   -------------------------

         Robert T. Dean, Manager                   Richard L. Cote, Executive

                                                   Vice President & CFO

By:
         ---------------------------

         Maxine P. Dean, Manager

THE TOMPKINS COUNTY INDUSTRIAL

DEVELOPMENT AGENCY

By:
         ---------------------------

         ---------------------------

                                       6<PAGE>

                                                                EXHIBIT 10.13(x)

                        RELEASE AND SETTLEMENT AGREEMENT

      This Settlement Agreement and Release Of All Claims (hereinafter
"Agreement") dated the 4th day of December, 2001, is made by and among
Lucy Staley (hereinafter "EXECUTIVE") and TransAct Technologies, Inc.
(hereinafter the "COMPANY"), all of the COMPANY's past, present and future
directors, officers, administrators, agents, servants, representatives,
employees, former members, and any person acting thereby, through, under,
or in concert with any of them, in light of the following circumstances:

      WHEREAS, EXECUTIVE is employed by the Company as a Senior Vice President
and General Manager; and

      WHEREAS, EXECUTIVE and the COMPANY have previously entered into a
Severance Agreement dated the 31st day of July, 1996; and

      WHEREAS, said Severance Agreement obligated the COMPANY to provide
EXECUTIVE with a severance package upon terminating EXECUTIVE's employment; and

      WHEREAS, the COMPANY and EXECUTIVE are desirous of maintaining said
Severance Agreement's terms and conditions as a general matter but wish to
modify the specific terms of the severance package that EXECUTIVE will receive
from the COMPANY upon the COMPANY's termination of her employment in order to
reflect the mutual understanding they have now reached as to those terms of the
severance package; and

      WHEREAS, said Severance Agreement obligated EXECUTIVE to execute a General
Release of any and all claims which EXECUTIVE might have against the COMPANY as
a condition precedent to EXECUTIVE's receipt of any severance package or
payments; and

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      WHEREAS, the COMPANY and EXECUTIVE are also desirous of EXECUTIVE
continuing in employment with the COMPANY until March 1, 2002;

      NOW, THEREFORE, in consideration of the mutual promises and covenants
contained herein, EXECUTIVE and the COMPANY, acting of their own free will,
hereby agree as follows:

      1. The COMPANY and EXECUTIVE hereby incorporate by reference the Severance
Agreement they entered into dated July 31st, 1996, as if more fully set forth
herein. The COMPANY and EXECUTIVE acknowledge and agree that, except as set
forth in Section 2 of this Agreement the Severance Agreement of July 31st, 1996
continues in full force and effect.

      2. EXECUTIVE and the COMPANY agree that Sections 3, 4, 5 and 6 of this
Agreement are entered into by EXECUTIVE and the COMPANY in substitution for any
severance package, payment or benefit of any kind set forth in the Severance
Agreement of July 31st, 1996. EXECUTIVE hereby acknowledges and agrees that any
and all provisions of the Severance Agreement of July 31st, 1996 regarding the
COMPANY's obligation to provide any severance package, payment or benefit of any
kind are hereby rendered null and void.

      3. (a) The COMPANY will pay EXECUTIVE a severance benefit commencing March
1, 2002, upon EXECUTIVE's separation from employment with the COMPANY on that
date. The COMPANY shall pay the severance benefit as follows: (i) for a ten (10)
month period after EXECUTIVE's separation from employment, March 2002 through
December 2002 (the "severance period"), payment on the first business day of
each month in the severance period of an amount equal to one-twelfth (1/12) of
EXECUTIVE's then current annual base salary; (ii) payment on the first business
day of each month in the severance period of an amount equal to one-twelfth
(1/12) of EXECUTIVE's annual target bonus amount under the "TransAct Executive
Incentive Compensation Plan", incorporated by reference within the

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Severance Agreement of July 31st, 1996. Calculation of the bonus amount shall be
based on the COMPANY's October, 2001 notification and not the EXECUTIVE's March
1, 2002 separation from employment date. The COMPANY shall issue a W-2 form to
EXECUTIVE in connection with the payments described herein.

            (b) COMPANY will pay EXECUTIVE her then current total accrued but
unused vacation time as of March 1, 2002. The COMPANY will pay this amount in a
lump sum on the first business day after March 1, 2002 and shall issue a W-2
form to EXECUTIVE in connection with such payment.

      4. The COMPANY shall continue to provide to EXECUTIVE the same group
health insurance benefits (medical, dental, vision), life insurance benefit
(including individual supplemental life policy) and Long Term Disability
insurance benefit (including individual supplemental "LTD" policy) that it
provided to her during her period of employment with the COMPANY during the
severance period. For those benefits toward which the EXECUTIVE currently
contributes, the COMPANY shall provide such benefits to the EXECUTIVE during the
severance period at the same cost to the EXECUTIVE as that charged regular
active employees of similar position status. For those benefits toward which the
EXECUTIVE does not currently contribute, the COMPANY will continue to provide
such benefits to the EXECUTIVE at no cost to the EXECUTIVE during the severance
period. At the expiration of the severance period the COMPANY shall provide to
EXECUTIVE such notice of access to continuation of benefits as is required by
law.

      5. The COMPANY will take such actions as are necessary with respect to
stock options and restricted stock that the COMPANY granted to EXECUTIVE during
her employment with the COMPANY in order to accelerate their vesting so that all
such outstanding stock options and restricted stock are one-hundred percent
(100%) vested no later than March 1, 2002.

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      6. (a) As a further benefit to EXECUTIVE, the COMPANY will pay an
out-placement firm mutually agreed upon by EXECUTIVE and the COMPANY to provide
EXECUTIVE professional out-placement services commencing not later than March 1,
2002. EXECUTIVE acknowledges that the COMPANY's obligation is limited to the
payment actually provided to the mutually agreed upon out-placement firm for its
standard professional out-placement services and assistance as described in
materials from that firm, which materials the COMPANY will obtain and shall
provide to EXECUTIVE for her consideration upon request.

            (b) The COMPANY's Chief Executive Officer and its Chief Financial
Officer shall each provide EXECUTIVE with a letter of recommendation for
EXECUTIVE's use in seeking future employment. The COMPANY shall provide
EXECUTIVE these letters not later than March 1, 2002.

            (c) The COMPANY consents to EXECUTIVE commencing and conducting job
searches following the execution of this Agreement and in the months preceding
March 1, 2002. EXECUTIVE agrees that such searches must be conducted in a
reasonable fashion, and limited to a reasonable amount of time, so as not to
detract from EXECUTIVE's ongoing obligation to carry out her duties as Senior
Vice President and General Manager up to her separation from employment with the
COMPANY on March 1, 2002.

      7. EXECUTIVE shall continued to be employed by the COMPANY and shall
continue to serve as Senior Vice President and General Manager until March 1,
2002. EXECUTIVE acknowledges and agrees that during her period of ongoing
employment with the COMPANY following execution of this Agreement she will carry
out her duties to the best of her ability and in conformance with all policies
and procedures of the COMPANY. EXECUTIVE further acknowledges and agrees that
she will undertake all necessary efforts to effect a professional and effective
transition and transfer of her knowledge and experience to the COMPANY or its
designee(s)

<PAGE>

during this time period. EXECUTIVE shall separate from her employment with the
COMPANY effective March 1, 2002.

      8. With exception of the substitute severance payments described in
Section 3 of this Agreement, the insurance benefits described in Section 4 of
this Agreement, the acceleration of Stock Options described in Section 5 of this
Agreement, and the outplacement and related job search benefits described in
Section 6 of this Agreement, EXECUTIVE expressly acknowledges that she is not
entitled to any payments, benefits, assistance or compensation, in any form for
any reason, from the COMPANY other than her regular salary and benefits during
her continuation of employment up to March 1, 2002.

      9. EXECUTIVE acknowledges that she would not be entitled to the substitute
severance payments described in Section 3 of this Agreement, the insurance
benefits described in Section 4 of this Agreement, the acceleration of Stock
Options described in Section 5 of this Agreement, and the outplacement and
related job search benefits described in Section 6 of this Agreement, if she did
not enter into this Agreement. COMPANY acknowledges that EXECUTIVE would not
otherwise release the potential claims hereinafter set forth but for her receipt
of such payments, insurance benefits, acceleration of Stock Options and
outplacement and related job search benefits.

      10. For and in consideration of the payments described in this Agreement,
EXECUTIVE, for herself, and for her heirs, executors, administrators, successors
and assigns, knowingly releases and forever discharges the COMPANY from any and
all claims, demands, obligations, damages, liabilities and causes of action,
including, but not limited to claims and causes of action for wrongful
discharge, tort, defamation, breach of any contract (including but not limited
to grievances under any applicable collective bargaining agreement) whether
express or implied, misrepresentation, breach of the duty of good faith and fair
dealing, the negligent or intentional infliction of

<PAGE>

emotional distress, and causes of action and claims under any and all New York
and Connecticut Workers' Compensation statutes or regulations, Title VII of the
Civil Rights Act of 1964, 42 U.S.C. sections 2000e et. seq., the Civil Rights
Act of 1991, 42 U.S.C. sections 1981, et. seq., Section 1983 of the Civil Rights
Act, 42 U.S.C. section 1983, any and all New York and Connecticut Fair
Employment Practices and/or Discriminatory Practices statutes and regulations,
the Americans with Disabilities Act, 42 U.S.C. sections 12101 et. seq., the Age
Discrimination in Employment Act, 29 U.S.C. sections 621 et. seq., the Employee
Retirement Income Security Act, 29 U.S.C. sections 1132, et seq., the Family and
Medical Leave Act of 1993, 29 U.S.C. sections 2601 et seq., any and all New York
and Connecticut Family and Medical Leave statutes or regulations, the Fair
Credit Reporting Act, 15 U.S.C. sections 1681, et seq., any and all New York and
Connecticut Whistle Blowers' Protection statutes or regulations, any and all New
York and Connecticut statutes or regulations concerning the payment of wages,
the Fair Labor Standards Act, 29 U.S.C. sections 201 et seq., and all other
federal, state and local laws, ordinances or regulations, in law or in equity,
which EXECUTIVE now has or ever had against the COMPANY, for any losses,
injuries or damages (including but not limited to back pay, front pay,
liquidated, compensatory or punitive damages, attorneys' fees and litigation
costs), resulting from and/or arising out of or in any way connected with
EXECUTIVE's employment by the COMPANY or her separation from such employment.

      11. The COMPANY and EXECUTIVE agree that they will not publish, publicize
or disseminate, or cause to be published, publicized or disseminated, in any
manner, the terms or contents of this Agreement to any third person, including,
but not limited to, any current or former COMPANY employee, except EXECUTIVE's
spouse, legal counsel and tax preparer, and as may be required to effectuate the
terms of this Agreement.

<PAGE>

      12. EXECUTIVE and the COMPANY further understand and agree that this
Agreement does not constitute any admission by the COMPANY that the COMPANY is
in any way liable to EXECUTIVE or that the COMPANY harmed or damaged EXECUTIVE
or violated any rights she may have or in any respect treated her unfairly or
unlawfully.

      13 (a) The COMPANY and EXECUTIVE expressly acknowledge that they will not
make any claim or demand and each of them hereby waives any rights any of them
may now have or may hereafter have or claim to have, based upon any alleged oral
alteration, amendment, modification or any other alleged change in this
Agreement; and that the validity, effect and operation of this Agreement shall
be determined by the laws of the State of Connecticut; and that there is no
written or oral understanding or agreement between them that is not recited
herein.

            (b) The COMPANY and EXECUTIVE expressly agree and consent to the
jurisdiction of a competent court in Connecticut to hear any dispute arising out
of this Agreement.

      14. Except as provided otherwise in this Agreement, if any of the
provisions, terms or clauses of this Agreement are declared illegal,
unenforceable or ineffective in a legal forum or by operation of law, those
provisions, terms and clauses shall be deemed severable, such that all other
provisions, terms and clauses of this Agreement shall remain valid and binding
upon both parties.

      15. EXECUTIVE affirmatively states that she has been advised of her right
to consult with an attorney in order to consider the provisions of this
Agreement, and, specifically with reference to her release of any and all claims
under the Age Discrimination in Employment Act, 29 U.S.C. sections 621 et. seq.,
that she was afforded up to twenty-one (21) days to consult with an attorney and
to consider this Agreement, and that if she signs the Agreement prior to the
expiration of such twenty-one (21) days, she does so voluntarily and of her own
free will.

<PAGE>

      16. Should EXECUTIVE commence or prosecute any action or proceeding
contrary to the provisions of this Agreement, she agrees to indemnify COMPANY
for all costs, including court costs and reasonable attorneys' fees, incurred by
COMPANY in the defense of such action or in establishing or maintaining the
application or validity of this Agreement or the provisions thereof, to the
extent allowed by applicable law.

      17. This Agreement shall not become effective or enforceable until seven
(7) days following its execution by EXECUTIVE. Prior to the end of this seven
(7) day period, EXECUTIVE may revoke her assent to this Agreement.

      18. COMPANY and EXECUTIVE affirmatively state that they have a full
understanding of the contents of the Agreement and the effects thereof, and that
they have executed the same voluntarily and of their own free will, without any
coercion.

<PAGE>

      IN WITNESS WHEREOF, the aforementioned parties, intending to be legally
bound hereby, have executed this Agreement.

                                        LUCY STALEY

                                              /s/ Lucy H. Staley
                                        ----------------------------------------

STATE OF NEW YORK
                     :    ss:           Date:
COUNTY OF _______)

      Personally appeared LUCY STALEY, Signer of the foregoing Instrument, and
acknowledged the same to be her free act and deed before me.

                                        ----------------------------------------
                                        Notary Public/Commissioner of the
                                        Superior Court

                                        TransAct Technologies, Inc.

                                        By: /s/ Richard L. Cote
                                            ------------------------------------
                                            Richard L. Cote

STATE OF CONNECTICUT
                     :    ss:           Date:
COUNTY OF _________)

      Personally appeared Richard L. Cote, EVP and CFO of TransAct Technologies,
Inc., Signer of the foregoing Instrument, and acknowledged the same to be his
free act and deed on behalf of TransAct Technologies, Inc.

                                        ----------------------------------------
                                        Notary Public/Commissioner of
                                        the Superior Court

<PAGE>

                             MEMORANDUM OF AGREEMENT

      This Memorandum of Agreement (hereinafter "Agreement") dated the 23rd day
of January, 2002, is made by Lucy Staley (hereinafter "EXECUTIVE") and TransAct
Technologies, Inc. (hereinafter the "COMPANY"), is an addendum to the Settlement
And Release Agreement dated December 4, 2001. The Parties mutually agree that
Executive's employment will cease on February 1, 2002 (rather than March 1, 2002
as previously agreed), resulting in an additional 4 weeks of severance. As such,
Paragraphs 3, 5, 6, 7 and 8 of the Settlement And Release Agreement are modified
only to the extent stated below. All other text and language of the original
December 4, 2001 Agreement shall remain unchanged.

Paragraph 3.a.

The Company will pay Executive a severance benefit commencing February 1, 2002,
upon Executive's separation from employment with the Company on that date. The
Company shall pay the severance benefit as follows: "(i) for an 11 month period
after Executive's separation from employment, February, 2002 through December
2002 (the "Severance period"), payment on the first business day of each month
in the severance period of an amount equal to one-twelfth (1/12) of Executive's
then current annual base salary; and, (ii) bonus pay under the "TransAct
Executive Incentive Compensation Plan" totaling $30,927.92 (calculated at 10/12
of 25% of current annual base salary of $148,454), paid in 11 essentially equal
monthly installments of $2811.63 on the first of each month, beginning February
1, 2002 through December 1, 2002.

Paragraphs 3.b., 5, 6.a., 6.c., 7 and 8

References to "March 1, 2002" in the original agreement are now changed to
"February 1, 2002".

The aforementioned parties, intending to be legally bound hereby, have executed
this Agreement.

                                        LUCY STALEY

                                            /s/ Lucy H. Staley
                                        ----------------------------------------

                                        TransAct Technologies, Inc.

                                        By: /s/ Richard L. Cote
                                            ------------------------------------
                                                Richard Cote

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