Exchange 2013 Watermark Key Path in Registy

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Go to-Regedit-Open ComputerHKEY_Local_Machine\Software\Microsoft\ExchangeServer\V15\Cafe Role —- and Check out for Watermark Key\if it is exist Delete it and Re-run the Setup.

Disclaimer : Do Not Remove Watermarks As its not Recommended  - Try only on Lab System’s