ASSET-BACKED FINANCING FACILITY
ADVANTA BANK CORP.
MONTHLY SERVICER CERTIFICATE
COLLECTION PERIOD: MARCH 01, 2003 - MARCH 31, 2003
SETTLEMENT DATE: 15-APR-03
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A. SERIES INFORMATION:
Advanta Equipment Leasing Receivables Series 2000-1 LLC
SERIES 2000-1
I. AGGREGATE CONTRACT PRINCIPAL BALANCE:
(a.) Beginning Aggregate Contract Principal Balance ............................. $ 60,441,643.34
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(b.) Contract Principal Balance of all Collections allocable
to Contracts ............................................................. $ 4,561,289.43
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(c.) Contract Principal Balance of Charged-Off Contracts ........................ $ 324,461.29
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(d.) Ending Aggregate Contract Principal Balance of all Contracts
as of this Settlement Date ............................................... $ 55,555,892.62
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BALANCES ON THIS PAYMENT DATE: (AFTER PRINCIPAL PAYMENTS MADE FOR
THIS RELATED COLLECTION PERIOD)
(e.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.0234155 $ 7,707,853.27
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(e1.) Ending Class A-1 Principal Balance 0.0000000 $ --
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(e2.) Ending Class A-2 Principal Balance 0.0000000 $ --
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(e3.) Ending Class A-3 Principal Balance 0.0910846 $ 7,707,853.27
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(f.) Ending Class B Principal Balance as of this
Settlement Date (Class B Note Factor) 0.1771822 $ 4,999,195.75
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(g.) Ending Class C Principal Balance as of this
Settlement Date (Class C Note Factor) 0.1769556 $ 3,328,534.74
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(h.) Ending Class D Principal Balance as of this
Settlement Date (Class D Note Factor) 0.1766378 $ 1,661,278.50
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(i.) Ending Class E Principal Balance as of this
Settlement Date (Class E Note Factor) 0.3136376 $ 7,374,248.05
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(j.) Ending Class F Principal Balance as of this
Settlement Date (Class F Note Factor) 0.1538422 $ 9,405,070.31
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(k.) Excess Aggregate Contract Principal Balance over the sum of the
Class A through F Principal Balances $ 21,079,712.00
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II. COMPLIANCE RATIOS:
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts .............. $ 59,546,034.02
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(b.) CBR of Contracts 1-30 days delinquent ...................................... $ 6,823,917.54
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(c.) % of Delinquent Contracts 1-30 days as of the related
Calculation Date ......................................................... 11.46%
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(d.) CBR of Contracts 31-60 days delinquent ..................................... $ 2,223,307.31
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(e.) % of Delinquent Contracts 31-60 days as of the related
Calculation Date ......................................................... 3.73%
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(f.) CBR of Contracts 61-90 days delinquent ..................................... $ 1,119,692.52
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(g.) % of Delinquent Contracts 61-90 days as of the related
Calculation Date ......................................................... 1.88%
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(h.) CBR of Contracts > 91 days delinquent ...................................... $ 977,456.10
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(i.) % of Delinquent Contracts > 91 days as of the related
Calculation Date ......................................................... 1.64%
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(j1.) % of Delinquent Contracts 31 days or more as of the related
Calculation Date ......................................................... 7.26%
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(j2.) Month 2: Feb-03 ........................................... 7.31%
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(j3.) Month 3: Jan-03 ........................................... 6.79%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days
or more .................................................................. 7.12%
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(k1.) Net Charge-Off % for the related Collection Period
(annualized 30/360) ...................................................... 2.28%
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(k2.) Month 2: Feb-03 ........................................... 1.55%
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(k3.) Month 3: Jan-03 ........................................... 2.94%
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(k4.) Three month rolling average % for Defaulted Contracts ...................... 2.26%
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(l1.) Cumulative Net Loss Percentage ............................................. 7.4017%
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(l2.) Does the Cumulative Net Loss % exceed ......................................
(l3.) The Loss Trigger Level % from Beginning Period to and including
12th Collection Period ? Y or N ......................................... N/A
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(l4.) The Loss Trigger Level % from 13th Collection Period to and
including 24th Collection Period ? Y or N ................................ N/A
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(l5.) The Loss Trigger Level % from 25th Collection Period and
thereafter ? Y or N ...................................................... YES
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(m5.) Is there currently a Trigger Event which has not been cured for
this payment date Y or N ................................................ YES
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(m5.) Is there currently an Event of Default for this payment
date Y or N .............................................................. NO
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III. FLOW OF FUNDS:
(1.) The amount on deposit in Available Funds ................................... $ 5,673,392.72
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(2.) Amounts deposited, if any, by the Servicer to the Collection
Account for contracts repurchased ........................................ $ --
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(3.) Total deposits in the Collection Account to be used as available
funds on this Payment Date (1+2) ......................................... $ 5,673,392.72
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(4.) Funds to the servicer, any Excluded Amounts-Residual Receipts .............. $ 325,291.76
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(a.) To the Trustee, trustee fees and expenses subject to an
annual limit ............................................................. $ --
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(b.) To the Servicer, any unrecoverable servicer advances/initial
unpaid balance amounts ................................................... $ 178,567.33
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(c.) To the Servicer, the servicing fee then due and miscellaneous
amounts, if any .......................................................... $ 50,368.04
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TO SERIES 2000-1 NOTEHOLDERS INCLUDING RETAINED INTEREST
HOLDERS: INTEREST
(d.) To Class A, the total Class A Note Interest for the related
interest accrual period .................................................. $ 78,104.25
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Interest on Class A-1 Notes .............................. $ --
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Interest on Class A-2 Notes .............................. $ --
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Interest on Class A-3 Notes .............................. $ 78,104.25
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(e.) Interest on Class B Notes for the related interest accrual period .......... $ 31,582.67
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(f.) Interest on Class C Notes for the related interest accrual period .......... $ 21,375.87
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(g.) Interest on Class D Notes for the related interest accrual period .......... $ 11,126.87
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CLASS E INTEREST:
(h1.) After the Class E Notes Interest Commencement Date, then Interest
on Class E Notes for the related interest accrual period to be
paid to the Class E Noteholder ........................................... $ --
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(h2.) Prior to the Class E Notes Interest Commencement Date, then
amount in (h1) from above to be paid as additional principal
pro rata among the Class A, Class B, Class C and Class D Notes ........... $ 62,988.37
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TO SERIES 2000-1 NOTEHOLDERS INCLUDING RETAINED INTEREST
HOLDERS: PRINCIPAL
(i1.) Class A percentage ......................................................... 0.699999
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(i2.) To Class A, amount from reserve account, if any ............................ $ --
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(i3.) To Class A, the Class A overdue principal, if any .......................... $ --
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(i4.) To Class A, the Class A monthly principal payment amount ................... $ 4,913,987.56
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(i5.) To Class A, the additional principal, if any, allocable from
Class E interest amount .................................................. $ 35,161.40
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(i6.) To Class A, the additional principal, if any, allocable from
Class F floor amount ..................................................... $ --
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(i7.) Total principal payment to Class A (i2-i6) ................................ $ 4,949,148.96
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(i8.) Principal payment to Class A-1 Noteholders ............... $ --
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(i9.) Principal payment to Class A-2 Noteholders ............... $ --
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(i10.) Principal payment to Class A-3 Noteholders ............... $ 4,949,148.96
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(j1.) Class B percentage ......................................................... 0.0599996
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(j2.) To Class B, amount from reserve account, if any ............................ $ --
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(j3.) To Class B, the Class B overdue principal, if any .......................... $ --
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(j4.) To Class B, the Class B monthly principal payment amount ................... $ --
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(j5.) To Class B, the additional principal, if any, allocable from
Class E interest amount .................................................. $ 13,926.55
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(j6.) To Class B, the additional principal, if any, allocable from
Class F floor amount ..................................................... $ --
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(j7.) Total principal payment to Class B Noteholders (j2-j6) ..................... $ 13,926.55
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(k1.) Class C percentage ......................................................... 0.0399997
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(j2.) To Class C, amount from reserve account, if any ............................ $ --
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(k3.) To Class C, the Class C overdue principal, if any .......................... $ --
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(k4.) To Class C, the Class C monthly principal payment amount ................... $ --
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(k5.) To Class C, the additional principal, if any, allocable from
Class E interest amount .................................................. $ 9,272.49
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(k6.) To Class C, the additional principal, if any, allocable from
Class F floor amount ..................................................... $ --
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(k7.) Total principal payment to Class C Noteholders (k2-k6) ..................... $ 9,272.49
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(l1.) Class D percentage ......................................................... 0.0199999
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(l2.) To Class D, amount from reserve account, if any ............................ $ --
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(l3.) To Class D, the Class D overdue principal, if any .......................... $ --
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(l4.) To Class D, the Class D monthly principal payment amount ................... $ --
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(l5.) To Class D, the additional principal, if any, allocable from
Class E interest amount .................................................. $ 4,627.93
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(l6.) To Class D, the additional principal, if any, allocable from
Class F floor amount ..................................................... $ --
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(l7.) Total principal payment to Class D Noteholders (l2-l6) ..................... $ 4,627.93
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(m1.) Class E percentage ......................................................... 0.0499986
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(m2.) To Class E, amount from reserve account, if any ............................ $ --
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(m3.) To Class E, the Class E overdue principal, if any .......................... $ --
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(m4.) To Class E, the Class E monthly principal payment amount ................... $ --
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(m5.) To Class E, the additional principal, if any, allocable from
Class F floor amount ..................................................... $ --
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(m6.) Total principal payment to Class E Noteholders (m2-m5) ..................... $ --
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TO THE RESERVE ACCOUNT :
(4.) The amount, if any, needed to maintain the amount in the reserve
account at the required reserve amount ................................... $ --
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CLASS F PAYMENTS:
(n1.) Sub-Total of funds disbursed through the Reserve Account ................... $ 5,673,392.72
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(n2.) Funds available to be paid to Class F ...................................... $ --
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(n3.) Class F percentage ......................................................... 0.1300032
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(n4.) Class F floor amount ....................................................... $ 9,405,070.31
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(n5.) Class F principal balance before payment of principal on this
payment date ............................................................. $ 9,405,070.31
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(n6.) If Funds available to be paid to Class F (n2) is greater than
$0, then payment as follows:
(n7.) If principal balance (n5) is greater than Class F floor (n4)
then to Class F in an amount equal to the lesser of (a)
Class F monthly principal amount until the Class F principal
balance has been reduced to the Class F floor amount and
(b) funds available ...................................................... $ --
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(n8.) If Funds available to be paid to Class F (n2) is $0, then no
payments to Class F and enter $0 ......................................... $ --
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TO THE TRUSTEE:
(7.) To the Trustee, any fees and expenses not previously paid
subject to a limit ....................................................... $ --
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TO THE ISSUERS:
(8.) To the issuers, as owner of the pledged assets, any remaining
available funds on deposit in the collection account after
all payments are made above .............................................. $ --
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the
Collection Period ........................................................ $ 1,596,186.71
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(b.) Servicer Advances reimbursed during the Collection Period .................. $ 52,370.60
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date .......................................................... $ 178,567.33
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(d.) Servicer Advances made during the related Collection Period ................ $ --
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(e.) Aggregate amount of Servicer Advances at the end of the
Collection Period ........................................................ $ 1,365,248.78
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(f.) Amount of delinquent Scheduled Payments for which Servicer
Advances were not made ................................................... --
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V. RESERVE ACCOUNT
(a.) Amount on deposit at the beginning of the related
Collection Period ........................................................ $ --
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(b.) Reserve Account initial deposit ............................................ $ --
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(c.) Amount of interest earnings reinvested for the related
Monthly Period ........................................................... $ --
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(d.) Amounts used to cover shortfalls, if any, for the related
Collection Period ........................................................ $ --
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(e.) Amounts used as required in a Trigger Event, if any, for the
related Collection Period ................................................ $ --
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(f.) Amounts transferred in from the Collection Account, if
applicable (line 4) ...................................................... $ --
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(g.) Interest earnings for the related Monthly Period ........................... $ --
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(h.) Interest earnings withdrawn and included as Available Funds
for the related Monthly Period ........................................... $ --
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(i.) Amount on deposit at the end of the related Collection Period .............. $ --
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(j.) Is the Required Reserve Amount equal to the balance in the
Reserve Account as of the related Collection period ? Y or N ............. N
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VI. ADVANCE PAYMENTS
(a.) Beginning aggregate Advance Payments ....................................... $ 813,558.70
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(b.) Add:Amount of Advance Payments collected during the related
Collection Period ........................................................ $ 810,666.72
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(c.) Add: Investment earnings for the related Collection Period ................. $ --
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(d.) Less: Amount of Advance Payments withdrawn for deposit into
Facility Account ......................................................... $ 662,696.36
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(e.) Ending aggregate Advance Payments .......................................... $ 961,529.06
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ADVANTA BANK CORP., AS SERVICER
BY: /s/ MARK SHAPIRO
TITLE: Asst. Vice President
DATE: 4/10/2003
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