Document:

Form of Restricted Stock Award Agreement

 EXHIBIT 10.1.10 
  
 RESTRICTED STOCK AWARD AGREEMENT 
  
 This Agreement is entered into as of
                         , 200     between Pope & Talbot, Inc., a Delaware
corporation (the “Company”), and                      (“Recipient”). 
  
 On the date of this Agreement, the Compensation Committee (the
“Committee”) of the Company’s Board of Directors (the “Board”) approved the award of a restricted stock bonus to Recipient pursuant to Section VII(a) of the Company’s Employee Stock Option Plan (the “Plan”)
and Recipient desires to accept the award subject to the terms and conditions of this Agreement. 
  
 NOW, THEREFORE, the parties agree as follows: 
  
 1. Award. Subject to the terms and conditions of this Agreement, the Company hereby grants to Recipient
                     shares of Common Stock of the Company (the “Restricted Shares”). The Restricted Shares are subject to
forfeiture to the Company as set forth in Section 2. 
  
 2.
Forfeiture Restriction; Vesting. If the Recipient ceases to be employed by the Company for any reason or for no reason, with or without cause, any unvested Restricted Shares (excluding unvested shares that vest upon such termination of
employment as described below) shall be forfeited to the Company.                      percent of the Restricted Shares shall vest on
                         , 200     and on each of the next
                     anniversaries of
                         , 200     so that all of the Restricted Shares shall be vested
by                          , 200    . All of the Restricted Shares shall immediately
vest if (a) the Recipient ceases to be employed by the Company as a result of an Involuntary Termination (as defined below) within 18 months after a Change in Control (as defined below), (b) the Recipient ceases to be employed by the Company as a
result of death or permanent and total disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986), or (c) the Recipient is employed by the Company on his 65th birthday. Nothing contained in this Agreement shall confer
upon Recipient any right to be employed by the Company or to continue to provide services to the Company or to interfere in any way with the right of the Company to terminate Recipient’s services at any time for any reason, with or without
cause. 
  
 2.1 Involuntary Termination. For purposes of
this Agreement, “Involuntary Termination” means the termination of Recipient’s employment with the Company: 
  
 (a) involuntarily upon Recipient’s discharge or dismissal (other than by reason of Recipient having engaged in fraud or in any other intentional
misconduct adversely affecting the business reputation of the Company in a material manner), or 
  
 (b) voluntarily upon Recipient’s resignation following (i) a change in Recipient’s position with the Company which materially reduces
Recipient’s duties or level of responsibility or which otherwise changes the level of management to which Recipient reports, (ii) a 20% or more reduction in Recipient’s level of compensation (including base salary, fringe benefits and
target bonus under any incentive performance plan), or (iii) a change in Recipient’s 

 place of employment which is more than fifty (50) miles from Recipient’s place of employment prior to the Change in
Control, provided and only if such change or reduction is effected without Recipient’s written concurrence. 
  
 2.2 Change in Control. For purposes of this Agreement, “Change in Control” means: 
  
 (a) the successful acquisition by a person or a group of related persons,
other than the Company or a person controlling, controlled by or under common control with the Company, of beneficial ownership (as determined pursuant to the provisions of Rule 13d-3 under the Securities Exchange Act of 1934, as amended) of
securities possessing more than twenty-five percent (25%) of the total combined voting power of the Company’s outstanding securities pursuant to a transaction or series of related transactions which the Board does not at any time recommend the
Company’s shareholders to accept or approve, 
  
 (b) a
change in the composition of the Board over a period of thirty-six (36) consecutive months or less such that a majority of the Board ceases, by reason of one or more contested elections for Board membership, to be comprised of individuals who either
(i) have been members of the Board continuously since the beginning of such period or (ii) have been elected or nominated for election as Board members during such period by at least a majority of the Board members described in clause (i) who were
still in office at the time such election or nomination was approved by the Board, 
  
 (c) the sale, transfer or other disposition of all or substantially all of the assets of the Company in complete liquidation or dissolution of the Company, or 
  
 (d) any merger or consolidation in which securities possessing more than
fifty percent (50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or persons different from the persons holding those securities immediately prior to such transaction. 
  
 3. Restriction on Transfer. The Recipient shall not sell, assign,
pledge, or in any manner transfer unvested Restricted Shares, or any right or interest in unvested Restricted Shares, whether voluntarily or by operation of law, or by gift, bequest or otherwise. Any sale or transfer, or purported sale or transfer,
of unvested Restricted Shares, or any right or interest in unvested Restricted Shares, in violation of this Section 3 shall be null and void. 
  
 4. Tax Withholding. Recipient acknowledges that, at the time any portion of the Restricted Shares vests, the Value (as defined below) on that date
of that portion of the Restricted Shares will be treated as ordinary compensation income for federal and state income and FICA tax purposes, and that the Company will be required to withhold taxes on these income amounts. For purposes of this
Agreement, the “Value” of a Restricted Share on any date shall be equal to the closing market price for Company Common Stock on that date. Promptly following vesting, the Company will notify Recipient of the required withholding amount.
Within 10 days of such notice, Recipient shall pay to the Company the required withholding amount in cash or by check. 
  

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 5. Rights as Shareholder; Dividends. Upon the execution and delivery of this Agreement, the award
of the Restricted Shares shall be completed and, except as limited by this Agreement, Recipient shall be the owner of the Restricted Shares with all rights of a shareholder, including the right to vote the Restricted Shares and to receive dividends
payable with respect to the Restricted Shares. Until the Restricted Shares become vested, the Restricted Shares will not be treated as issued shares for tax purposes and dividends paid to Recipient with respect to unvested Restricted Shares will be
treated for federal and state income and FICA tax purposes as ordinary compensation income subject to applicable withholding. 
  
 6. Stock Certificate. To secure the rights of the Company under Sections 2 and 4, the Company will retain the certificate or certificates
representing the Restricted Shares. Upon any forfeiture of the Restricted Shares covered by this Agreement, the Company shall have the right to cancel the Restricted Shares in accordance with this Agreement without any further action by the
Recipient. Upon any failure of the Recipient to pay required withholding under Section 4, the Company shall have the right to cancel vested Restricted Shares with a Value (as of the date the Company exercises this right) equal to the required
withholding amount without any further action by the Recipient. After Restricted Shares have vested and all required withholding has been paid to the Company in connection with such vesting, the Company shall deliver a certificate for the vested
Restricted Shares to the Recipient. 
  
 7. Additional Company
Shares. If, prior to vesting of Restricted Shares, the outstanding Company Common Stock is increased as a result of a stock dividend or stock split, the restrictions and other provisions of this Agreement shall apply to any such additional
shares of the Company Common Stock which are issued in respect of the Restricted Shares to the same extent as such restrictions and other provisions apply to the Restricted Shares. 
  
 8. Miscellaneous. 
  
 8.1 Entire Agreement; Amendment. This Agreement constitutes the entire agreement of the parties with regard to the subjects hereof and may be
amended only by written agreement between the Company and Recipient. 
  
 8.2 Notices. Any notice required or permitted under this Agreement shall be in writing and shall be deemed sufficient when delivered personally to the party to whom it is addressed or when deposited into the United States Mail as
registered or certified mail, return receipt requested, postage prepaid, addressed to the Company, Attention: Corporate Secretary, at its principal executive offices or to Recipient at the address of Recipient in the Company’s records, or at
such other address as such party may designate by ten (10) days’ advance written notice to the other party. 
  
 8.3 Assignment; Rights and Benefits. Recipient shall not assign this Agreement or any rights hereunder to any other party or parties without the
prior written consent of the Company. The rights and benefits of this Agreement shall inure to the benefit of and be enforceable by the Company’s successors and assigns and, subject to the foregoing restriction on assignment, be binding upon
Recipient’s heirs, executors, administrators, successors and assigns. 
  

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 8.4 Further Action. 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. 
  
 8.5 Applicable Law; Attorneys’ Fees. The terms and conditions of this Agreement shall be governed by the laws of the State of Oregon. In the event either party institutes litigation hereunder, the
prevailing party shall be entitled to reasonable attorneys’ fees to be set by the trial court and, upon any appeal, the appellate court. 
  
 8.6 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written. 
  

			
	POPE & TALBOT, INC.
		
	By	 	  

	Title	 	  

	
	RECIPIENT
	
	  

  

 4EXECUTIVE SEVERANCE PLAN

 Exhibit 10.1 
  
 CORNERSTONE REALTY INCOME TRUST, INC. 
 EXECUTIVE SEVERANCE PLAN 
  
 Adopted 
 As of October 25, 2004 
  
 Cornerstone Realty Income Trust, Inc., a Virginia corporation, (the “Company”) established the Cornerstone Realty
Income Trust, Inc. Executive Severance Plan (the “Plan”), effective October 25, 2004, for the benefit of its eligible executives. The purpose of the Plan is to provide security to eligible executives in the event of a termination of
employment under defined circumstances. 
  

	1.	Definitions. For purposes of this Plan: 

  
 (a) “Change in Control” shall mean: 
  
 (1) any person, including a “group” as defined in Section 13(d) (3) of the Securities and Exchange Act of 1934, as amended, becomes the owner or
beneficial owner of Cornerstone securities having 20% or more of the combined voting power of the then outstanding Cornerstone securities that may be cast for the election of Cornerstone’s directors (other than as a result of an issuance of
securities initiated by Cornerstone, or open market purchases approved by the Cornerstone Board, as long as the majority of the Cornerstone Board approving the purchases is also the majority at the time the purchases are made); or 
  
 (2) as the direct or indirect result of, or in connection with, a cash
tender or exchange offer, a merger or other business combination, a sale of assets, a contested election, or any combination of these transactions, the persons who were directors of Cornerstone before such transactions cease to constitute a majority
of the Cornerstone Board, or any successor’s board, within two years of the last of such transactions. 
  
 (b) “Beneficiary” shall mean any person, other than an Executive, entitled to receive benefits under this Plan. 
  
 (c) “Cause” shall mean (i) the Executive’s continued or
deliberate neglect of his or her duties, (ii) willful misconduct by the Executive injurious to the Company, whether monetary or otherwise, (iii) the Executive’s violation of any code or standard of ethics generally applicable to employees of
the Company, (iv) the Executive’s active disloyalty to the Company, (v) the Executive’s conviction of a felony, (vi) the Executive’s habitual drunkenness or drug abuse, or (vii) the Executive’s excessive absenteeism unrelated to
a disability (as defined in the Company’s long-term disability plan). 
  
 (d) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
  
 (e) “Committee” shall mean the Compensation Committee of the Board of Directors of the Company, which shall be responsible for the
administration of the Plan. 
  

 (f) “Effective Date” means October 25, 2004. 
  
 (g) “Employment Agreement” shall mean the Executive’s current
written contract of employment with the Company. 
  
 (h)
“Executive” shall mean only the individuals employed by the Company as Senior Vice Presidents or Vice Presidents. Any individual who has an individual change-in-control agreement with the Company is not eligible to participate in the Plan.
For purposes of this paragraph (h), “an individual change-in-control agreement” does not include restricted stock agreements or stock option agreements with the Company that contain change-in-control provisions. 
  
 (i) “Good Reason” shall exist if, without the Executive’s
express written consent, there is (i) a reduction of the Executive’s annual salary to an amount which is less than the amount of the Executive’s Salary; (ii) a material reduction in the Executive’s duties with the Company, provided
that a change in title or position shall not be “Good Reason” absent a material reduction in duties; or (iii) a relocation of more than 50 miles from the Executive’s Principal Office, without the consent of the Executive. 

 
 (j) “Outplacement Services Benefit” shall mean the benefit
provided under Section 2(f). 
  
 (k) “Principal Office”
shall mean the location at which the Executive is required to perform the majority of his or her services to the Company. 
  
 (l) “Salary” shall mean the an amount equal to twelve times the highest monthly base salary paid or payable, including any base salary which has
been earned but deferred, to the Executive by the Company in respect of the 12-month period immediately preceding the date of a Change in Control. 
  
 (m) “Salary Continuance Benefit” shall mean the benefit provided under Section 2(b). 
  
 (n) “Severance Benefit” shall mean the Salary Continuance Benefit,
the Welfare Continuance Benefit, and the Outplacement Services Benefit. 
  
 (o) “Severance Period” shall mean the period beginning on the date an Executive’s employment with the Company terminates and ending: 
  
 (i) if the Executive is Senior Vice President, on the date 24 months thereafter, or 
  
 (ii) if the Executive is Vice President, on the date 12 months thereafter.

  
 (p) “Welfare Continuance Benefit” shall mean the
benefit provided in Section 2(e). 
  
 (q) “Welfare
Plan” shall mean only a health plan, medical plan, dental plan, or life insurance plan, currently or hereafter made available by the Company in which an Executive (and his or her family) is eligible to participate. 
  

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	2.	Benefits Upon Termination of Employment. 

  
 (a) Subject to the provisions of section 4, an Executive shall be entitled to a Severance Benefit if and only if: 
  
 (i) within one year after the date of a Change in Control, the employment of
the Executive with the Company is terminated by the Company for any reason other than Good Cause, or 
  
 (ii) within one year after the date of a Change in Control, the Executive terminates his or her employment with the Company for Good Reason. 

 
 (b) The Salary Continuance Benefit shall be the aggregate of: 

 
 (i) the Executive’s Salary at the time his or her employment with
the Company terminates payable for the applicable Severance Period as a lump sum within 30 days after the Executive’s termination of employment; and 
  
 (ii) the amount of the annual cash bonus paid to the Executive for the year immediately prior to the year in which the Executive’s employment with
the Company terminates payable as a lump sum within 30 days after the Executive’s termination of employment. 
  
 (c) Payment of the Salary Continuance Benefit shall be subject to the following terms and conditions: 
  
 (i) Salary Continuance Benefits shall be made net of all required federal
and state withholdings taxes and similar required withholdings, as well as any excise taxes. 
  
 (iii) Payment of the Salary Continuance Benefit shall not affect the entitlement of the Executive or any other person entitled to receive benefits with respect to the Executive under any retirement plan, Welfare Plan,
or other plan or program maintained by the Company in which the Executive participates at the date of termination of employment; provided however, the payment of the Salary Continuance Benefit under this Plan shall be in lieu of and not in addition
to any other severance benefits payable under a plan or program maintained by the Company. 
  
 (d) For a period of up to twelve months beginning on the date on which an Executive’s employment with the Company terminates, an Executive and his or
her dependents will continue to be covered by all Welfare Plans in which he or she and his or her dependents were participating immediately prior to the date on which his or her employment with the Company terminated (the “Welfare Continuance
Benefit”). Any changes to any Welfare Plan during the Severance Period shall be applicable to the Executive and his or her dependents as if he or she continued to be an employee of the Company. The Company will pay the costs of the Welfare
Continuance Benefit for the Executive and his or her dependents under the Welfare Plans on the same basis as 

  

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applicable, from time to time, to active employees covered under the Welfare Plans. If such participation in any one or more of the Welfare Plans included in
the Welfare Continuance Benefit is not possible under the terms of the Welfare Plan, the Company will provide substantially identical benefits directly or through another insurance arrangement. The Welfare Continuance Benefits as to any Welfare Plan
will cease if and when the Executive obtains employment with another employer during the twelve-month period beginning on the date on which his or her employment with the Company terminates, and becomes eligible for coverage under any substantially
similar welfare plan provided by his or her new employer. 
  
 (e)
The Outplacement Services Benefit shall consist of payment of the actual costs of complete outplacement services, including job search and interview skill services provided to the Executive. The services shall be provided by a nationally recognized
outplacement organization selected by the Executive with the approval of the Company (which approval shall not be unreasonably withheld). The services shall be provided for a period of up to 24 months beginning on the date on which the
Executive’s employment with the Company terminates. The Company will pay the Executive for the actual costs of the services, up to a maximum cost of $15,000 for a Senior Vice President and $10,000 for a Vice President. 
  

	3.	Death. 

  
 If an Executive dies while receiving a Severance Benefit, any remaining unpaid Severance Benefit shall be forfeited.  
  

	4.	Release of Claims. 

  
 In consideration for and as a condition to receiving any payments under this Plan, the Executive must execute a written release in a form provided by the
Company. In addition to any other provisions determined by the Company, the release may provide that the Executive agrees, for himself or herself and his or her heirs, representatives, successors and assigns, that the Executive has finally and
permanently separated from employment with the Company, and that he or she waives, releases and forever discharges the Company from any and all claims, known or unknown, that he or she has or may have, including but not limited to those relating to
or arising out of his or her employment with the Company and the termination thereof, including but not limited to any claims of wrongful discharge, breach of express or implied contract, fraud, misrepresentation, defamation, liability in tort, any
claims under Title VII of the Civil Rights Act of 1964, as amended, the Age Discrimination in Employment Act, the Employee Retirement Income Security Act, the Fair Labor Standards Act, or any other federal, state or local law relating to employment,
employee benefits or the termination of employment, excepting only any claims to vested retirement benefits. 
  

	5.	No Setoff. 

  
 The Executive’s right to receive when due the payments and other benefits provided for under this Agreement is absolute, unconditional and subject to
no set-off, counterclaim or 

  

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legal or equitable defense. Payment of a Severance Benefit shall be in addition to any other amounts otherwise payable to the Executive, including any
accrued but unpaid vacation pay, except as provided in Section 2(c)(iii). No payments or benefits payable to or with respect to an Executive pursuant to this Plan shall be reduced by any amount the Executive may owe to the Company (except for
amounts owed to the Company on account of loans, travel or standing advances, personal charges on Company credit cards or accounts, or the value of Company property not returned to the Company), or by any amount an Executive may earn or receive from
employment with another employer or from any other source, except as expressly provided in section 2(d). 
  

	6.	No Assignment of Benefit. 

  
 No interest of any Executive or any Beneficiary under this Plan, or any right to receive any payment or distribution hereunder, shall be subject in any
manner to sale, transfer, assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any kind, nor may such interest or right to receive a payment or distribution be taken, voluntarily or involuntarily, for the satisfaction
of the obligations or debts of, or other claims against, the Executive or Beneficiary, including claims for alimony, support, separate maintenance, and claims in bankruptcy proceedings. 
  

	7.	Benefits Unfunded. 

  
 All rights under this Plan of the Executives and Beneficiaries, shall at all times be entirely unfunded, and no provision shall at any time be made with
respect to segregating any assets of the Company for payment of any amounts due hereunder. The Executives and Beneficiaries shall have only the rights of general unsecured creditors of the Company. 
  

	8.	Administration 

  
 (a) The Committee will administer the Plan. The Committee has the sole discretion and authority to interpret the terms of the Plan and to decide factual
and other questions relating to the Plan and Plan benefits, including questions relating to eligibility for, entitlement to, and payment of benefits. When making any determination or calculation, the Committee is entitled, but is not required, to
rely upon the accuracy and completeness of information furnished by the Company’s employees and agents. The Committee’s reasonable interpretations of the Plan and factual determinations concerning benefit issues are final and binding on
all persons. Only the Committee is authorized to interpret the Plan. Employees may not rely on any representation, whether oral or in writing, made by any other person concerning the Plan and entitlement to benefits under the Plan. 
  

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 (b) The Committee may adopt such rules and regulations and may make such decisions as it deems necessary
or desirable for the proper administration of the Plan. The Committee’s other powers and duties include, but are not limited to: creating and enforcing such rules and regulations as it deems necessary or proper for the efficient administration
of the Plan or to comply with applicable law; computing the amount of benefits payable from the Plan to any employee or former employee in accordance with the terms of the Plan, and to determine the person or persons to whom such benefits will be
paid; authorizing the payment of benefits; keeping such records and submitting such filings, elections, applications, returns or other documents or forms as may be required; appointing such agents, counsel, accountants, and consultants as may be
required to assist in administering the Plan; and allocating or delegating its duties, as it deems appropriate. 
  
 (c) The Company will indemnify and hold harmless the members of any Committee and/or any other person to whom it delegates its responsibilities under the
Plan; provided, however, that such person does not act with gross negligence or willful misconduct. 
  
 (d) All claims under this Plan will be processed by the Committee. If an individual has submitted a claim for benefits and the claim is denied, in whole
or in part, the Committee will provide written notice of the denial within 90 days after receipt of the claim, or within 180 days after such receipt if special circumstances require an extension of time. If special circumstances require an extension
of time, the Committee will provide written notice of the extension before the end of the initial 90-day period. The notice of extension will explain the special circumstances requiring an extension of time and the date by which the Committee
expects to render a decision. 
  
 (e) The written notice of
denial will contain the following: (a) the specific reason or reasons for denial; (b) a reference to specific Plan provisions on which the denial is based; (c) a description of any additional material or information necessary to perfect the claim,
and an explanation of why the material or information is necessary; and (d) an explanation of the Plan’s appeals procedure and the time limits applicable to such procedures, including a statement of the claimant’s right to bring a civil
action following a denial of the claim on appeal. 
  
 (f) The
claimant may appeal a denied claim at any time within 60 days following the date he received written notice of the denial. A failure to file an appeal within 60 days will constitute a waiver of the right to appeal the denied claim. An appeal should
be made in writing to the Committee and should state the claimant’s name and address, the fact that he is disputing the denial of a claim, the date of the initial notice of denial, and the reason(s), in clear and concise terms, for disputing
the denial. During the appeal process, the Committee will: (a) provide the claimant, upon request and free of charge, reasonable access to and copies of all documents, records and other information relevant to the claim; (b) accept written comments,
documents, records and other information relating to the claim; and (c) provide a review that takes into account all comments, documents, records and other information submitted, without regard to whether such information was submitted or considered
in the initial determination. Unless special circumstances require an extension of time for processing, the Committee will provide 

  

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notice of the decision on appeal within 60 days after receipt of the written appeal. If an extension is necessary due to special circumstances, the Committee
will provide written notice of the required extension prior to the expiration of the initial 60-day period. The notice will indicate the circumstances requiring the extension and the date by which the Committee expects to render a decision. The
extension may be for up to 60 additional days. The written notice of denial upon appeal will contain the following: (a) the specific reason for the decision and specific reference to the provisions of the Plan on which the decision is based; (b) a
statement that the claimant is entitled to receive, upon request and free of charge, copies of all documents, records and other information relevant to the claim; and (c) an explanation of the claimant’s right to bring a civil action.

  

	9.	Applicable Law. 

  
 This Plan shall be construed and interpreted pursuant to the laws of the Commonwealth of Virginia. 
  

	10.	No Employment Contract. 

  
 Nothing contained in this Plan shall be construed to be an employment contract between an Executive and the Company. 
  

	11.	Severability. 

  
 In the event any provision of this Plan is held illegal or invalid, the remaining provisions of this Plan shall not be affected thereby. 
  

	12.	Successors. 

  
 The Plan shall be binding upon and inure to the benefit of the Company, the Executives and their respective heirs, representatives and successors.

  

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	13.	Amendment and Termination. 

  
 The Board of Directors of the Company shall have the right to amend the Plan from time to time and may terminate the Plan at any time, except as provided
below: 
  
 (a) No amendment may be made to the Plan and the Plan
may not be terminated for a period of one year after the date of a Change in Control, and 
  
 (b) No amendment or termination shall reduce the benefits payable to an Executive who is receiving a Severance Benefit. 
  

									
	 	 	 	 	 Cornerstone Realty Income Trust, Inc.

					
	Date:	 	 October 25, 2004
	 	 	 	By	 	    /s/ Glade M. Knight
					
	Attest:	 	 	 	 	 	 	 	 
				
	/s/ J. Philip Hart	 	 	 	 	 	 
	Secretary	 	 	 	 	 	 

  

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