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This lecture covers the process of glycolysis, focusing on the breakdown of glucose to pyruvate, the generation of ATP, and the fermentation pathways leading to the production of either lactate or alcohol. It also discusses the synthesis of ATP through direct phosphate transfer and the role of coenzymes like NADH and NADPH as carriers of electrons. The concept of coenzymes and their involvement in enzyme catalysis is explained, along with the structure and function of NAD+ and NADH. The lecture concludes with an analogy illustrating the role of NAD+ and NADH in cellular respiration.