How do you delete a corrupt preset?

notalemming

Fractal Fanatic
I have tried writing over it with a back up & deleting it, both using Axe Edit manage presets but the Axe III immediately freezes when I hit save & Axe Edit won't save the changes. How do I get rid of this thing? I tried both the latest beta & the last full release of Axe Edit. The Axe III is on 12.08b4.
 
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