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Component Manager Error in Update

Component Manager Error in Update

I've tried to install a newly purchased extension via component manager as I ran into the following issue.

Unfortunately there is nothing stated in any logs accross the server itself or magento and the readiness check passes like a charm as well. Also made sure file permissions are ok.

 

Magento 2.1.2

Centos 7

Php 5.6.26

 

 

compontent_fails.JPG