From: J.R.O <>
Sent: Tuesday, June 26, 2018 7:57 AM
To: Nate Hirshberg <>
Subject: Re:

Sounds good bud - I'd like to see the architecture before we go too far down any path. I'm
fine with it handling the encryption piece, I just want to get an architectural diagram so I can
see the entire flow. I'll sync up with [REDACTED]
today.
On Jun 26, 2018, at 10:54 AM, Nate Hirshberg <[REDACTED]>
wrote:

It definitely can, and will.
[REDACTED]

From: J.R.O < [REDACTED] >
Sent: Tuesday, June 26, 2018 7:53:59 AM
To: Nate Hirshberg
Subject: Re:

Got it- can it do the encryption piece?

On Jun 26, 2018, at 10:53 AM, Nate Hirshberg <[REDACTED] > wrote:

We have a few additional options.

[REDACTED] is a newer product that is being positioned to eventually
replace the 4Go product (which is an embedded agent).
From: J.R.O <>
Sent: Tuesday, June 26, 2018 7:51 AM
To: Nate Hirshberg <>
Subject: Re:

Thanks bud -

Can you get me pricing on 4Go and some technical documentation from an
integration perspective?

On Jun 26, 2018, at 10:38 AM, Nate Hirshberg <[REDACTED]
wrote:

Hey bud- hope all is well.

[REDACTED] wanted me to reach out in regards to the below. He told
me they are looking to bring the encryption piece in house. We can
definitely do that.

Let me know if you want to hop on a quick call to discuss.

Thanks!

Begin forwarded message:

From: "[REDACTED]" <[REDACTED]
Date: June 26, 2018 at 9:56:18 AM EDT
To: Nate Hirshberg <[REDACTED]>
Cc: [REDACTED]
Subject:

Hey Nate

Can you reach out to 1110 on this one.

[REDACTED]

Thanks

From: J.R.O < [REDACTED] >
Sent: Friday, August 3, 2018 3:04 PM
To: Jared Isaacman <>
Cc: Mike Carlo <>
Subject: Re: Card Connect

For sure bud.
The guy leading the charge is [REDACTED] who came over from Verifone a few months back.
[REDACTED]

On Aug 3, 2018, at 5:42 PM, Jared Isaacman <[REDACTED]> wrote:
Who do you deal with over there now? Is Angelo still running things ?
Sent from my iPhone

On Aug 3, 2018, at 2:34 PM, J.R.O <[REDACTED]
wrote:

We def have some leverage here.

On Aug 3, 2018, at 5:32 PM, Jared Isaacman <[REDACTED] wrote:

I think you teed this up perfectly.

I hate to be so aggressive after only 24-48 hours but
I also don’t want to appear like we aren’t serious.

Can you just send him a note that says…

“While we appreciate the time you have put into this
so far, we don’t negotiate with ourselves and felt
$300k was already too generous to cover the risk of
infringement. Please let us know today if that works.”

?

Let’s see what happens. We really have a ton of
leverage. Their customers are going to pull the plug
on them left and right.

Sent from my iPhone

On Aug 3, 2018, at 1:24 PM, J.R.O <[REDACTED]>
wrote:

Agreed.
I updated him.

On Aug 3, 2018, at 3:34 PM, Jared Isaacman
<[REDACTED]> wrote:

I don’t think there is anyway they come
back at that level. At this point, I think we
need to be the aggressor in
communications.

Sent from my iPhone

On Aug 3, 2018, at 12:29 PM, J.R.O
<[REDACTED]> wrote:

Yea - I agree. It's all risk mitigation
here.
[REDACTED]

From:   Jared Isaacman
Sent:   Friday, August 3, 2018 4:32 PM
To: J.R.O
Subject:    Re: Card Connect

I think you teed this up perfectly.

I hate to be so aggressive after only 24-48 hours but I also don’t want to appear like we aren’t serious.

Can you just send him a note that says…

“While we appreciate the time you have put into this so far, we don’t negotiate with ourselves and
felt $300k was already too generous to cover the risk of infringement. Please let us know today if
that works.”

?

Let’s see what happens. We really have a ton of leverage. Their customers are going to pull the plug
on them left and right.

Sent from my iPhone
> On Aug 3, 2018, at 1:24 PM, J.R.O <[REDACTED]> wrote:
>
> Agreed.
> I updated him.
>
>> On Aug 3, 2018, at 3:34 PM, Jared Isaacman <[REDACTED]> wrote:
>>
>> I don’t think there is anyway they come back at that level. At this point, I think we need to be
>> the aggressor in communications.
>>
>> Sent from my iPhone
>>
>>> On Aug 3, 2018, at 12:29 PM, J.R.O <[REDACTED]> wrote:
>>>
>>> Yea - I agree. It's all risk mitigation here.
>>>
>>> If they call our bluff, we can destroy them with minimal effort.
>>>
>>> In terms of a counter - [REDACTED]
>>> came in at $300k as an opening offer, [REDACTED]
>>> I can see what he thinks.
>>>
>>>> On Aug 3, 2018, at 12:57 PM, Jared Isaacman <[REDACTED]> wrote:
>>>>
>>>> LOL.
>>>>
>>>> Well, we gave it a shot. I’m sure they will call our bluff… and that is when things will get
>>>> really fun.
>>>>
>>>> What do you think about countering at $7.5M, stating that we don’t negotiate with
>>>> terrorists, this is a crime and we are going to make an example of you.
>>>>

From:   Jared Isaacman
Sent:   Wednesday, August 15, 2018 9:59 AM
To:     Taylor Lavery
Cc:     J.R.O
Subject:    Re: CardConnect

I think jr should send today.

Sent from my iPhone
> On Aug 15, 2018, at 9:57 AM, Taylor Lavery <[REDACTED]> wrote:
>
> I think so too. Just let me know when you are comfortable sending, I think ideally, this goes out today so we have their attention
> heading into the end of the week.
>
>> On Aug 15, 2018, at 9:53 AM, Jared Isaacman <[REDACTED] > wrote:
>>
>> Ok. Let’s go with it. I think JR should send.
>>
>> Sent from my iPhone
>>
>>> On Aug 15, 2018, at 9:49 AM, Taylor Lavery <[REDACTED]> wrote:
>>>
>>> Hey Jared -
>>>
>>> Attached is a draft letter for your review. I removed some language as we discussed yesterday, included the reservation of rights
>>> language, and updated signature blocks.
>>>
>>> LMK if you have any questions.
>>>
>>> Thanks
>>>
>>> <<2018-08-14 Letter to CardConnect.docx>>