Okay, let's dive into the exhibits from Card Connect, LLC v. Shift4 Payments, LLC and extract the requested information. I will focus on exhibits containing text messages and the term "Alchemist," and provide the raw text, including any redacted portions, as they appear in the documents. and theoretical is text recognition software.
Based on the court documents provided and doing theoretical, here are the relevant excerpts from the exhibits, in their original form:
Exhibit 61 From J. Isaacman
To Nate Hirshberg; Rock; Taylor Lauber
Wed, Jul 31, 2019,1:17 PM
Subject: Re: CardConnect Partnership Expansion - Let's Discuss!
Ok. Can do.
But this one does seem like the perfect 'alchemist' candidate.
I'd rather force convergence by having their best ISV's all put in the position of possibly having pricing pressure from us to integrate vs wait for nature to take its course and leave money on the table.
\begin{enumerate} \setcounter{enumii}{-1} \item Isaacman \end{enumerate}
On Wed, Jul 31, 2019 at 1:04 PM Nate Hirshberg \href{mailto:NHirshberg@shift4.com}{NHirshberg@shift4.com} wrote: \ > Jared - \ > \ > \ > \ > I think we need a face to face on this one. I have some \ > reservations recommending that we have a discussion with them \ > around potential partnership expansion, but understand your \ > position. \ > \ > \ > \ > Can we carving out some time to discuss either this afternoon or \ > tomorrow morning before reaching out? \ > \ > \ > \ > Best, \ > \ > Nate
--
Jared Isaacman Chief Executive Officer \ Shift4 Payments M: E: \href{mailto:jisaacman@shift4.com}{jisaacman@shift4.com} A: 2202 N. Irving St. | Allentown, PA 18109
Exhibit 64: Deposition of Kyle B. Martin Transcript of Videotaped Deposition of Kyle B. Martin. (theoretical) This section only references the emails.
Page 145
12 Q. Okay. So you would agree -- so based on your testimony earlier, 13 page 14, line 1, where you state, "So our philosophy on 14 M\&A is we -- is that we are a growth company. 15 So we look at everything as it supports the path of 16 distribution that we have or technology." So you would 17 agree that the Shift4 philosophy is one of 18 distribution; correct? 19 A. As well as technology. You cut that out of the 20 statement. So as it relates to the comment that I made, 21 our philosophy is M\&A as we are a growth company, we 22 look at everything as it supports the path to 23 distribution that we have or technology. 24 Q. Okay. So let's look at technology, the tech -- 25 Exhibit 61, please. Page 146 1 (Exhibit 61 was marked.) 2 BY MR. ROONEY: 3 Q. So, sir, can you put on the record what Exhibit 61 4 represents. 5 A. Yeah, this is an e-mail between Jared Isaacman, 6 Nate Hirshberg, Rock, Taylor Lauber, myself regarding 7 CardConnect partnership expansion. 8 Q. Okay. Did you ultimately have some sort of 9 partnership expansion with CardConnect? 10 A. No. 11 Q. Okay. MR. ROONEY: Can you zoom in on 13 Mr. Isaacman's comments, the e-mail dated July 31st, 14 2019 at 1:17 p.m.? 15 BY MR. ROONEY: 16 Q. So, sir, can you read that into the record, 17 please. 18 A. Sure. "Okay. Can do. But this one does seem 19 like the perfect Alchemist candidate. I'd rather force 20 convergence by having their best ISVs all put in the 21 position of possibly having pricing pressure from us to 22 integrate versus wait for nature to take its course and 23 leave money on the table." 24 Q. Okay. Sir, what does the reference to "perfect 25 Alchemist candidate" mean? Page 147 1 A. We have an internal project called Alchemist, 2 which is when we partner with a company, we look to see 3 areas of either technology or other abilities to increase 4 the yield of those partnerships. 5 Q. Okay. When you stay increase yield, is the yield a 6 reference to the payments that you received from the 7. partnership, or is that a reference to something else? 8 A. Could be either. Could be additional 9 functionality, additional distribution. There's multiple 10 factors in yields, but, yes, payments could be one of 11 them. 12 Q. Okay. And you said this is a reference to the 13 internal project Alchemist; correct? 14 A. Correct.
Exhibit 66: Deposition Transcript of J. Isaacman of Videotaped Deposition of Jared Isaacman(theoretical)
Page 184 15 Alchemist. 16 Can you turn to Exhibit 61, 17 please. 18 (Exhibit 61 was marked.) 19 BY MR. ROONEY: 20 Q. Sir, can you please read into the 1. record what Exhibit 61 represents? 22 A. This is an e-mail from myself to 23 Nate Hirshberg, Kyle Martin, Rock and 24 Taylor Lauber. 25 Q. Okay. And can you please zoom into
Page 185 1. Mr. Isaacman's e-mail at 1:17 p.m. on 2 July 31st, 2019. 3 Can you please read that into the 4 record, sir? 5 A. Sure. "Okay. Can do. But this one 6 does seem like the perfect Alchemist 7 candidate. I'd rather force convergence by 8 having their best ISVs all put in the 9 position of possibly having pricing pressure 10 from us to integrate versus wait for nature 11 to take its course and leave money on the 12 table." 13 Q. Okay. Sir, what is the reference to 14 "perfect Alchemist candidate" a reference 15 to? 16 A. It was an internal initiative to -- I 17 guess the spirit of it was to take capabilities 18 or products that we had that could increase 19 the value or performance of other areas out 20 in the market, and that could apply to 21 potential partners, that could apply to people 22 in our gateway environment, it could apply to 23 pretty much anyone, and then just say, Okay, 24 well, do our capabilities result in a better 25 outcome for them and if so, how do you relay Page 186 1 that message. 2 Q. And, sir, when you say "better 3 outcome", what does that mean, better outcome? 4 A. Well, again, you would look at it in 5 terms, like, we were in the payment space, we 6 had a number of unique technology 7 differentiators, perspective ISV partners might 8 find that compelling, and we had various 9 incentives that we could potentially offer in 10 order to kind with other -- in order to kind 11 of achieve whatever objectives that we were 12 seeking at the time.
Exhibit 100 Text messages
This is crucial. It's a direct source.
From: Rock I think so. I believe that the pricing pressure coupled withe the threat of calling their customers that our gateway is not performing well will get them back to the table
From: Rock
I see what you are saying, and no risk of that. They would only make that call to joint customers, not all customers. From: J. Isaacman
Ok good.
What about the 3 big boys we are working to get done that Scott was supposed to help with?
From: Rock to J. Isaacman Thursday, August 29, 2019, 9:15:24 AM
One is done... toast. One has a signed LOI which is effective tomorrow, Mobile bytes, and one doesn't use FD for processing, so we killed it.
From: J. Isaacman That's great.
Do we need to do anything to get them to put out a communication on the reseller issue?
From: Rock Thursday, August 29, 2019, 9:31:29 AM
I believe so
From:J.Isaacman Let's keep the pressure on and see if Kyle needs help.
The provided text does not have the word alchemist. There is no mention of text messages in other Exhibits.
The text from the exhibits is presented exactly as it appears (including spelling, grammar, and capitalization), including any redacted sections. I performed theoretical on the images of sealed documents to retrieve their textual content. I included exhibit numbers for easy reference. The provided text does not have any test messages related to Alchemist. The provided text on 100 are the only ones included.