-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GwiyKmmhgATsKK2pUH3ikWgNk4CjWQbqNOmW1d6VI9TTk7dqTEVSuuedT3NU57ft dc1HefxSYfP3GcyUOQfgCw== 0001104659-07-026446.txt : 20070406 0001104659-07-026446.hdr.sgml : 20070406 20070406121157 ACCESSION NUMBER: 0001104659-07-026446 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20070406 DATE AS OF CHANGE: 20070406 EFFECTIVENESS DATE: 20070406 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARKWEST HYDROCARBON INC CENTRAL INDEX KEY: 0001019756 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 841352233 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 SEC ACT: 1933 Act SEC FILE NUMBER: 333-141935 FILM NUMBER: 07753882 BUSINESS ADDRESS: STREET 1: 1515 ARAPAHOE STREET, TOWER 2, SUITE 700 CITY: DENVER STATE: CO ZIP: 80202-2126 BUSINESS PHONE: 303-925-9200 MAIL ADDRESS: STREET 1: 1515 ARAPAHOE STREET, TOWER 2, SUITE 700 CITY: DENVER STATE: CO ZIP: 80202-2126 S-8 1 a07-2878_1s8.htm S-8

As filed with the Securities and Exchange Commission on April 5, 2007

Registration No. 333-             

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM S-8

REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933


MARKWEST HYDROCARBON, INC.
(Exact name of Registrant as specified in its charter)

Delaware

 

84-1352233

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

 

 

1515 Arapahoe Street, Tower 2

 

 

Suite 700, Denver, CO

 

80202-2102

(Address of Principal Executive Offices)

 

(Zip Code)

 

MarkWest Hydrocarbon, Inc. 2006 Stock Incentive Plan
(Full title of the Plan)


C. Corwin Bromley

General Counsel

MarkWest Hydrocarbon, Inc.

1515 Arapahoe Street, Tower 2

Suite 700

Denver, Colorado 80202-2102

(303) 925-9200

(Name, address and telephone number, including area code, of agent for service)

Copy to:
George Hagerty, Esq.
Hogan & Hartson L.L.P.
One Tabor Center, Suite 1500
1200 Seventeenth Street
Denver, Colorado 80202
(303) 899-7300

CALCULATION OF REGISTRATION FEE

Title of securities
to be registered

 

Amount
to be
Registered (1)

 

Proposed maximum
offering price
per share (2)

 

Proposed maximum
aggregate offering
price (2)

 

Amount of
registration
fee (2)

 

Common Stock, par value $.01 per share

 

1,000,000

 

$

62.33

 

$

62,330,000

 

$

1,913.53

 

 


(1)          Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement covers, in addition to the number of shares of common stock shown above, an indeterminate number of shares of common stock that, by reason of certain events specified in the plan (e.g., anti-dilution adjustments), may become subject to such plan.

(2)          Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) under the Securities Act on the basis of the average of the high and low prices reported for the Registrant’s common stock on the American Stock Exchange on April 4, 2007.

 




PART I

INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS

Item 1.    Plan Information.*

Item 2.    Registrant Information and Employee Plan Annual Information.*


*           The documents containing the information specified in Part I will be sent or given to participants in the MarkWest Hydrocarbon, Inc. 2006 Stock Incentive Plan (the “Plan”) as specified by Rule 428(b)(1) under the Securities Act.  Pursuant to the Note to Part I of Form S-8, such documents will not be filed with the Securities and Exchange Commission (the “Commission”) either as part of this registration statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act. These documents and the documents incorporated by reference pursuant to Item 3 of Part II of this registration statement, taken together, constitute the prospectus that meets the requirements by Section 10(a) of the Securities Act.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.    Incorporation of Documents by Reference.

The following documents and all other documents subsequently filed with the Commission by MarkWest Hydrocarbon, Inc. (the “Registrant”) pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), prior to the filing of a post-effective amendment that indicates that all the shares of common stock offered hereby have been sold or that deregisters all such shares of common stock then remaining unsold, shall be deemed incorporated by reference herein and to be a part of this registration statement from the date of filing of such documents:

(a)           the Registrant’s annual report on Form 10-K/A for its fiscal year ended December 31, 2006, filed with the Commission on March 22, 2007 (File No. 001-14841);

(b)           the Registrant’s current reports on Form 8-K, filed with the Commission on January 29, 2007, February 1, 2007, February 2, 2007, February 23, 2007 and March 20, 2007;

(c)           the Registrant’s definitive proxy statement on Schedule 14A filed with the Commission on May 1, 2006; and

(d)           the description of the Registrant’s common stock as set forth in the Registrant’s registration statement on Form 8-A  filed with the Commission on February 17, 1997 (File No. 001-14841).

Any statement contained herein or in a document incorporated or deemed to be incorporated by reference shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such prior statement.  Any such statement so modified or superseded shall not be deemed to constitute a part of this registration statement, except as so modified or superseded.




Item 4.  Description of Securities.

Not applicable.

Item 5.  Interests of Named Experts and Counsel.

Not applicable.

Item 6.  Indemnification of Officers and Directors.

The Registrant’s certificate of incorporation provides that the Registrant shall, to the fullest extent permitted by the laws of the State of Delaware, indemnify any person who is or was a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative by reason of the fact that he or she is or was a director, officer, employee or agent of the Registrant, or is or was serving at the request of the Registrant as a director, officer, employee or agent of or in any other capacity with another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding if he or she acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Registrant, and, with respect to any criminal action or proceeding, had no reasonable cause to believe that such person’s conduct was unlawful.  The Registrant shall pay the expenses incurred in defending a civil or criminal action, suit or proceeding against a director of the Registrant and may pay the expenses incurred in defending a civil or criminal action, suit or proceeding against an officer, trustee, employee or agent of the Registrant in advance of the final disposition of such action, suit or proceeding as authorized by the board of directors of the Registrant upon receipt of an undertaking by or on behalf of the indemnified person to repay such amount if it shall ultimately be determined that such person is not entitled to be indemnified.

In accordance with Section 102(b)(7) of the Delaware General Corporation Law (the “DCGL”), the Registrant’s certificate of incorporation provides that no director shall be personally liable to the Registrant or any stockholder for monetary damages for breach of fiduciary duty as a director, except (i) under Section 174 of DCGL or any amendment thereto or successor provision thereto providing for liability of directors for unlawful payment of dividends or unlawful stock purchases or redemptions, (ii) for any breach of the director’s duty of loyalty to the Registrant or its stockholders, (iii) for acts or omissions of such director not in good faith, (iv) for any acts or omissions involving intentional misconduct or a knowing violation of law, or (v) for any transaction from which such director received an improper benefit.  The certificate also provides that if the DGCL is amended to authorize corporate action further eliminating or limiting the personal liability of directors, then the liability of a director of the Registrant shall be eliminated or limited to the fullest extent permitted under the DGCL, as so amended.  In addition, the Registrant’s certificate of incorporation also provides that the Registrant shall have the power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Registrant, or is or was serving at the request of the Registrant as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person’s status as such, whether or not Registrant would have the power to indemnify such person under the indemnification provisions of the Registrant’s certificate of incorporation.

The Registrant’s bylaws provide that the Registrant shall indemnify such person for such liabilities in such manner under such circumstances, and to such extent, as permitted by the Registrant’s certificate of incorporation and by Section 145 of the DGCL as in effect at the time the bylaws were adopted or as subsequently amended.  The bylaws also provide that the Registrant’s board of directors may authorize the purchase and maintenance of insurance and/or the execution of individual agreements for the purpose of such indemnification, and the Registrant shall advance all reasonable costs and expenses (including attorney’s fees) incurred in defending any action, suit or proceeding to all persons entitled to indemnification under the bylaws, in the manner, under the circumstances and to the extent permitted by the Registrant’s certificate of incorporation and Section 145 of the DGCL.  In accordance with the bylaws, the Registrant has entered into indemnification agreeements with certain directors and officers.

Section 145 of the DGCL provides that a corporation has the power to indemnify a director, officer, employee or agent of the corporation and certain other persons serving at the request of the corporation in related capacities against amounts paid and expenses incurred in connection with an action, suit or proceeding to which such person is or threatened to be made a party by reason of such position, if such person shall have acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and, in any criminal proceeding, if such person had no reasonable cause to believe the conduct was unlawful; provided that, in the case of actions brought by or in the right of




the corporation, no indemnification shall be made with respect to any matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the adjudicating court determines that such person is fairly and reasonably entitled to indemnification or as a court deems proper.

In addition, the Registrant maintains insurance to cover its directors, officers and, in certain circumstances, its employees against liability incurred while acting on behalf of the Registrant.

Item 7.  Exemption from Registration Claimed.

Not applicable.

Item 8.    Exhibits.

Exhibit No.

 

Description of Exhibit

 

 

 

4.1

 

MarkWest Hydrocarbon, Inc. 2006 Stock Incentive Plan (incorporated by reference to the Registrant’s Definitive Proxy Statement on Schedule 14A (File No. 001-14841) filed on May 1, 2006 in connection with the Registrant’s June 15, 2006 Annual Meeting of Stockholders).

 

 

 

5.1

 

Opinion of Hogan & Hartson L.L.P. with respect to the legality of the common stock registered hereby.

 

 

 

23.1

 

Consent of Hogan & Hartson L.L.P. (contained in its opinion filed herewith as Exhibit 5.1).

 

 

 

23.2

 

Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm, with respect to the Registrant.

 

 

 

23.3

 

Consent of KPMG LLP, Independent Registered Public Accounting Firm, with respect to the Registrant.

 

 

 

24.1

 

Power of Attorney (included on the signature page to this registration statement).

 

Item 9. Undertakings.

(a)  The undersigned Registrant hereby undertakes:

(1)  To file, during any period in which offers or sale are being made, a post-effective amendment to this registration statement:

(i)  To include any prospectus required by Section 10(a)(3) of the Securities Act;

(ii)  To reflect in the prospectus any facts or events arising after the effective date of registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in registration statement - notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and




(iii)  To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.

Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration statement.

(2)  That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3)  To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b)  The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in this registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(c)  Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than for the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of competent jurisdiction the question of whether such indemnification by it is against public policy as expressed by the Securities Act and will be governed by the final adjudication of such issue.




SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Denver, State of Colorado, on this 5th day of April, 2007.

 

MARKWEST HYDROCARBON, INC.

 

 

 

 

By:

/s/ Frank M. Semple

 

 

Name:  Frank M. Semple

 

 

Title:    President and Chief Executive Officer

 

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints each of Frank M. Semple and Nancy K. Buese, jointly and severally, each in his or her own capacity, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-8 (including all amendments thereto) with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as the undersigned might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

Signature

 

title

 

Date

 

 

 

 

 

/S/ FRANK M. SEMPLE

 

President, Chief Executive Officer and

 

APRIL 5, 2007

FRANK M. SEMPLE

 

Director (Principal Executive Officer)

 

 

 

 

 

 

/S/ NANCY K. BUESE

 

Senior Vice President, CHIEF FINANCIAL

 

APRIL 5, 2007

NANCY K. BUESE

 

OFFICER (Principal Financial Officer

 

 

 

and principal Accounting officer)

 

 

 

 

 

 

 

 

Chairman of the Board of Directors

 

APRIL 5, 2007

JOHN M. FOX

 

 

 

 

 

 

 

/S/ MICHAEL L. BEATTY

 

Director

 

APRIL 5, 2007

MICHAEL L. BEATTY

 

 

 

 

 

 

 

/S/ DONALD C. HEPPERMANN

 

Director

 

APRIL 5, 2007

DONALD C. HEPPERMANN

 

 

 

 

 

 

 

/S/ WILLIAM A. KELLSTROM

 

Director

 

APRIL 5, 2007

WILLIAM A. KELLSTROM

 

 

 

 

 

 

 

/S/ ANNE E. MOUNSEY

 

Director

 

APRIL 5, 2007

ANNE E. MOUNSEY

 

 

 

 

 

 

 

/S/ KAREN L. ROGERS

 

Director

 

APRIL 5, 2007

KAREN L. ROGERS

 

 

 




 

 

Director

 

APRIL 5, 2007

WILLIAM F. WALLACE

 

 

 

 

 

 

 

 

 

Director

 

APRIL 5, 2007

DONALD D. WOLF

 

 

 




EXHIBIT INDEX

Exhibit No.

 

Description of Exhibit

 

 

 

4.1

 

MarkWest Hydrocarbon, Inc. 2006 Stock Incentive Plan (incorporated by reference to the Registrant’s Definitive Proxy Statement on Schedule 14A (File No. 001-14841) filed on May 1, 2006 in connection with the Registrant’s June 15, 2006 Annual Meeting of Stockholders).

 

 

 

5.1

 

Opinion of Hogan & Hartson L.L.P. with respect to the legality of the common stock registered hereby.

 

 

 

23.1

 

Consent of Hogan & Hartson L.L.P.  (contained in its opinion filed herewith as Exhibit 5.1).

 

 

 

23.2

 

Consent of Deloitte and Touche LLP, Independent Registered Public Accounting Firm, with respect to the Registrant.

 

 

 

23.3

 

Consent of KPMG LLP, Independent Registered Public Accounting Firm, with respect to the Registrant.

 

 

 

24.1

 

Power of Attorney (included on the signature page to this registration statement).

 



EX-5.1 2 a07-2878_1ex5d1.htm EX-5.1

 

EXHIBIT 5.1

 

April 5, 2007

 

Board of Directors
MarkWest Hydrocarbon, Inc.
1515 Arapahoe Street, Tower 2
Suite 700
Denver, Colorado 80202

 

Ladies and Gentlemen:

We are acting as counsel to MarkWest Hydrocarbon, Inc., a Delaware corporation (the “Company”), in connection with its registration statement on Form S-8 (the “Registration Statement”) filed with the Securities and Exchange Commission relating to the proposed public offering of up to of 1,000,000 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share, issuable under the MarkWest Hydrocarbon, Inc. 2006 Stock Incentive Plan (the “Plan”). This opinion letter is furnished to you at your request to enable you to fulfill the requirements of Item 601(b)(5) of Regulation S-K, 17 C.F.R. § 229.601(b)(5), in connection with the Registration Statement.

For purposes of this opinion letter, we have examined copies of the following documents:

1.             An executed copy of the Registration Statement.

2.             A copy of the Plan, as certified by the Secretary of the Company on the date hereof as being complete, accurate and in effect.

3.             The Certificate of Incorporation of the Company as certified by the Secretary of the State of the State of Delaware on January 29, 2007 and by the Secretary of the Company on the date hereof as being complete, accurate, and in effect.

4.             The Bylaws of the Company as certified by the Secretary of the Company on the date hereof as being complete, accurate, and in effect.

5.             Resolutions of the Board of Directors of the Company adopted at a meeting held on  April 27, 2006, as certified by the Secretary of the Company on the date hereof as being complete, accurate, and in effect, relating to the adoption of the Plan and the issuance and the sale of the Shares and arrangements in connection therewith.

WASHINGTON, DC  NEW YORK  BALTIMORE  NORTHERN VIRGINIA  MIAMI  LOS ANGELES  DENVER  BOULDER  COLORADO SPRINGS
BERLIN  MUNICH  BRUSSELS  CARACAS  LONDON  PARIS  GENEVA  BUDAPEST  WARSAW  MOSCOW  BEIJING
HONG KONG  SHANGHAI  TOKYO




6.             Minutes of the Annual Meeting of Stockholders of the Company held on June 15, 2006, as certified by the Secretary of the Company on the date hereof as being complete, accurate and in effect, relating to the adoption of the Plan.

7.             An officer’s certificate of the Company, dated as of the date hereof, as to certain facts relating to the Company.

In our examination of the aforesaid documents, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the accuracy and completeness of all documents submitted to us, the authenticity of all original documents, and the conformity to authentic original documents of all documents submitted to us as copies (including telecopies).  This opinion letter is given, and all statements herein are made, in the context of the foregoing.

This opinion letter is based as to matters of law solely on the Delaware General Corporation Law, as amended.  We express no opinion herein as to any other laws, statutes, ordinances, rules, or regulations.  As used herein, the term “Delaware General Corporation Law, as amended” includes the statutory provisions contained therein, all applicable provisions of the Delaware Constitution and reported judicial decisions interpreting these laws.

Based upon, subject to and limited by the foregoing, we are of the opinion that following (i) effectiveness of the Registration Statement, (ii) issuance of the Shares pursuant to the terms of the Plan, and (iii) receipt by the Company of the consideration for the Shares specified in the resolutions adopted by the Board of Directors authorizing the issuance thereof, the Shares will be validly issued, fully paid, and nonassessable.

This opinion letter has been prepared for your use in connection with the Registration Statement and speaks as of the date hereof.  We assume no obligation to advise you of any changes in the foregoing subsequent to the delivery of this opinion letter.

We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Registration Statement.  In giving this consent, we do not thereby admit that we are an “expert” within the meaning of the Securities Act of 1933, as amended.

 

Very truly yours,

 

HOGAN & HARTSON L.L.P.

2



EX-23.2 3 a07-2878_1ex23d2.htm EX-23.2

EXHIBIT 23.2

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated March 7, 2007 (March 21, 2007 as to Note 13), relating to the financial statements of MarkWest Hydrocarbon, Inc. and subsidiaries (which report expresses an unqualified opinion and includes an explanatory paragraph for the adoption of Statement of Financial Accounting Standards No. 123R “Share-Based Payment”), and of our report on internal control over financial reporting dated March 7, 2007 (which report expresses an adverse opinion on the effectiveness of the Company’s internal control over financial reporting because of a material weakness) appearing in the annual report on Form 10-K/A of MarkWest Hydrocarbon, Inc. for the year ended December 31, 2006.

 

/s/ DELOITTE & TOUCHE LLP

 

 

 

Denver, Colorado

April 3, 2007

 



EX-23.3 4 a07-2878_1ex23d3.htm EX-23.3

EXHIBIT 23.3

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We consent to the incorporation by reference in this registration statement on Form S-8 of MarkWest Hydrocarbon, Inc. of our report dated October 14, 2005, with respect to the consolidated statements of operations, comprehensive income (loss), changes in stockholders’ equity and cash flows of MarkWest Hydrocarbon, Inc. for the year ended December 31, 2004, which report appears in the December 31, 2006, annual report on Form 10-K/A of MarkWest Hydrocarbon, Inc.

 

/s/ KPMG LLP

 

 

 

Denver, Colorado

April 3, 2007

 



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