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I guess the actual shell code starts from line 40 ">>stream..."

It must be using some other encoding, only if we knew which!

It's a PDF FlateDecode block, i.e. it's DEFLATEd. The actual payload within may be different, but this much has been used before.

It's presumably just a lump of binary ARM opcodes.

We need a debugger or a disassmbler like IDA Pro to make reverse engineering of that code