<SEC-DOCUMENT>0001104659-23-030777.txt : 20230510
<SEC-HEADER>0001104659-23-030777.hdr.sgml : 20230510
<ACCEPTANCE-DATETIME>20230310060257
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-23-030777
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20230310

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Alibaba Group Holding Ltd
		CENTRAL INDEX KEY:			0001577552
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			K3

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		26/F TOWER ONE
		STREET 2:		TIMES SQUARE, 1 MATHESON STREET
		CITY:			CAUSEWAY BAY
		STATE:			K3
		ZIP:			00000
		BUSINESS PHONE:		852-2215-5100

	MAIL ADDRESS:	
		STREET 1:		26/F TOWER ONE
		STREET 2:		TIMES SQUARE, 1 MATHESON STREET
		CITY:			CAUSEWAY BAY
		STATE:			K3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">Simpson
                    Thacher &amp; Bartlett</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><IMG SRC="tm239128d1_correspimg01.jpg" ALT="">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">icbc
    tower, 35th floor</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">3
    garden road, central</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">hong
    kong</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">&nbsp;</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 15%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">telephone:
                    +852-2514-7600</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; font-variant: small-caps">facsimile:
    +852-2869-7694</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 30%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Direct Dial Number</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">+852-2514-7660</P></TD>
    <TD STYLE="vertical-align: bottom; width: 43%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 27%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt 0pt 0; text-align: right">E-mail
                                            Address</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.5pt 0pt 0; text-align: right">dfertig@stblaw.com</P></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.5in 0pt 0; text-align: right">March 10, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>VIA EDGAR</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">U.S.
S</FONT>ecurities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT>00
F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">W</FONT>ashington,
D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attention:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Nicholas Nalbantian</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Donald Field</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B>Re:</B></TD><TD><B>Alibaba Group Holding Ltd</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Form
20-</B></FONT><B>F for the Fiscal Year Ended March 31, 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in"><B>Filed July 26, 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in"><B>Response Dated January 11, 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in"><B>File No. 001-36614</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We are submitting this letter in response to your
correspondence dated February 24, 2023 (the &ldquo;<U>February 24 Letter</U>&rdquo;) concerning the above-referenced response letter,
dated January 11, 2023, regarding the annual report on Form 20-F that Alibaba Group Holding Limited (the &ldquo;<U>Company</U>&rdquo;)
filed with the Securities and Exchange Commission (the &ldquo;<U>Commission</U>&rdquo;) on July 26, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In the February 24 Letter, you requested that
the Company respond to the staff (the &ldquo;<U>Staff</U>&rdquo;) of the Commission&rsquo;s comments within 10 business days or advise
the Staff when the Company will respond. The Company respectfully advises the Staff that it continues to work on its responses and anticipates
that it will require additional time in order to respond fully to your letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company is therefore requesting an extension
until March 24, 2023 (10 business days from the date of this request) and expects to respond by that date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 7pt">
    <TD STYLE="font-size: 7pt; white-space: nowrap; padding-right: 5pt; width: 18%; padding-bottom: 3pt; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">michael
    j.c.M. ceulen</FONT></TD>
    <TD STYLE="font-size: 7pt; white-space: nowrap; padding-right: 5pt; width: 9%; padding-bottom: 3pt; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">marjory
    j. ding</FONT></TD>
    <TD STYLE="font-size: 7pt; white-space: nowrap; padding-right: 5pt; width: 8%; padding-bottom: 3pt; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">daniel
    fertig</FONT></TD>
    <TD STYLE="font-size: 7pt; white-space: nowrap; padding-right: 5pt; width: 8%; padding-bottom: 3pt; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">adam
    C. furber</FONT></TD>
    <TD STYLE="font-size: 7pt; white-space: nowrap; padding-right: 5pt; width: 4%; padding-bottom: 3pt; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">YI
    GAO</FONT></TD>
    <TD STYLE="font-size: 7pt; white-space: nowrap; padding-right: 5pt; width: 9%; padding-bottom: 3pt; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">MAKIKO
    HARUNARI</FONT></TD>
    <TD STYLE="font-size: 7pt; white-space: nowrap; padding-right: 5pt; width: 6%; padding-bottom: 3pt; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">Ian
    C. Ho</FONT></TD>
    <TD STYLE="font-size: 7pt; white-space: nowrap; padding-right: 5pt; width: 9%; padding-bottom: 3pt; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">JONATHAN
    HWANG</FONT></TD>
    <TD STYLE="font-size: 7pt; white-space: nowrap; padding-right: 5pt; width: 9%; padding-bottom: 3pt; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">anthony
    d. king</FONT></TD>
    <TD STYLE="font-size: 7pt; white-space: nowrap; padding-right: 5pt; width: 8%; padding-bottom: 3pt; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">jin
    hYUK park</FONT></TD>
    <TD STYLE="font-size: 7pt; white-space: nowrap; padding-right: 5pt; width: 12%; padding-bottom: 3pt; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">christopher
    k.s. wong</FONT></TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="white-space: nowrap; padding-right: 5pt; padding-left: 5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
                                                                                        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-align: center"><FONT STYLE="font-size: 7pt; text-transform: uppercase">resident
                                            partners</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 7pt; text-transform: uppercase">simpson
    thacher &amp; bartlett, hong kong is an affiliate of simpson thacher &amp; bartlett llp with offices in:</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5pt; width: 8%; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">New
    York</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5pt; width: 13%; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">Beijing</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5pt; width: 10%; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">Brussels</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5pt; width: 10%; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">Houston</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5pt; width: 10%; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">LONDON</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5pt; width: 10%; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">Los
    Angeles</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5pt; width: 10%; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">Palo
    Alto</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5pt; width: 10%; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">S&Atilde;O
    PAULO</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5pt; width: 9%; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">TOKYO</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5pt; width: 10%; text-align: center; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; text-transform: uppercase">Washington,
    D.C.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 0; text-align: right">Simpson Thacher
 &amp; Bartlett</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.05in 0pt 2.1in; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="tm239128d1_correspimg02.jpg" ALT=""></FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 47%; font-size: 10pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">March
10</FONT>, 2023</P></TD>
    <TD STYLE="width: 6%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">-</FONT>2-</TD>
    <TD STYLE="width: 47%; padding-right: 0.05in; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">If you have any question regarding
the responses contained in this letter, please do not hesitate to contact me at +852-2514-7660 or dfertig@stblaw.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-size: 10pt">Very truly yours,</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">/s/ Daniel Fertig</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Daniel Fertig</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 0.5in">cc:</TD>
  <TD>Daniel Yong Zhang, Chief Executive Officer</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Toby Hong Xu, Chief Financial Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Sara Siying Yu, General Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Alibaba Group Holding Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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