[Start of theoretical'd Text - Document 175-4]
 SHIFT4001288
9/18/19, 11:52 AM Messages
9/18/19, 11:52 AM
Hey- I'm assuming we can move for~
to expunge the claims?
Yes
Just wanted to confirm that the
record is properly sealed at this
point?
Yep
It is sealed
Perfect
9/23/19, 1:56 PM Messages
9/23/19, 1:56 PM
JJ: Doing some diligence here.
Would it be a problem if we started
using the same pricing model and
methodology we used at Shift4 for
Lighthouse?
Like what?
Meaning, using interchange
optimization algorithms to price
customers above interchange, in
addition to or in lieu of cost plus
pricing .....
Why don't we discuss call me
9/23/19, 2:27 PM Messages
9/23/19 , 2:27 PM
Did you try calling? I was on a call
Yeah. I'll let you finish that call and
I'll call you right after
[End of Page 1]

 SHIFT4001289
9/26/19, 8:02 AM
Messages
9/26/19, 8:02 AM
JJ- did you end up talking with John
about my idea?
Yes
He's fine with it
Great thanks
10/18/19, 9:22 AM Messages
10/18/19 , 9:22 AM
Spoke to legal. Please send me the
pro forma language
Will do
10/18/19, 10:18 AM Messages
10/18/19, 10:18 AM
Sent you a version of what we had
before.
Let me know if you need anything
else.
Thanks boss
👍
10/28/19, 6:00 PM Messages
10/28/19 , 6:00 PM
JJ: Want to get your thoughts on
something.
I know we talked briefly about this
when I first started, but if a
merchant is having trouble with a
gateway outside of Shift4 (and its
not a harbortouch merchant), can I
attempt to convert that merchant to

[End of Page 2]

 SHIFT4001290
one of our gateways?
10/28/19, 6:04 PM Messages
10/28/19, 6:04 PM
I don't really care
I just want it
On file that I was told I could
10/30/19, 3:25 PM Messages
10/30/19, 3:25 PM
JJ - Can you shoot me the
settlement agreement? I'm sure its
somewhere in my email but can't
find it
Just sent it again
10/30/19, 6:28 PM Messages
10/30/19 , 6:28 PM
Do you have a copy of the Shift4
agreement handy?
Just sent
Thank you - Just realized now that
you're on it- is Rider B the list of
prohibited merchants?
It is
Got it. Do you have a list of the
software we run on?
We certified to?
11/16/19, 7:29 PM Messages
11/16/19, 7:29 PM
JJ- I may have a mis-understanding
[End of Page 3]

 SHIFT4001291
of the non-solicit. Want to be
sensitive to this, so wanted to run
something by you really quick.
11/16/19, 7:34 PM Messages
Sure
How would you classify
Merchant's that terminated shift4
prior to my leaving, but have since
asked for help with a situation? Are
they fair game?
I'd say they are
Perfect. Thank you sir. Just wanted
to triple check.
11/20/19, 6:16 PM Messages
11/20/19 , 6:16 PM
Hey - I know that Shift4 won't, but is
it safe to assume that all of the other
major processors won't allow you to
see exactly what a merchant paid in
interchange before residual splits?
l'd Have to think about that
Well my understanding from my time
at US Bank, Elavon, Global, TSYS
and EVO is that they don't provide
that same transparency.
Same with Vantiv/NPC
And First Data
I think it would be safe to say that
Yeah, they would force you to
estimate the interchange values
[End of Page 4]

 SHIFT4001292
11/20/19, 7:38 PM Messages
11/20/19, 7:38 PM
You're absolutely right, I just wanted
to run it by you and get your
thoughts bc I knew you were tight
with everyone
And you would be on solid ground
to say that
Great, thanks
11/22/19, 10:58 AM Messages
11/22/19, 10:58 AM
JJ- Does Shift4 use a 3rd party for
risk/compliance for boarding?
Not really
We have someone we use for KYC
But we do all the risk stuff
Ok so you don't use a GIACT or
something like that?
Not that I'm aware of
11/22/19, 11:08 AM Messages
I use giact
For our KYC, KYB and ongoing
compliance monitoring
11/22/19, 11 :08 AM
Got it. And the boarding is all us?
[End of Page 5]

 SHIFT4001293
11/22/19, 3:36 PM Messages
11/22/19, 3:36 PM
JJ - So if someone at Shift4
developed code, they would have to
load it to github. Correct?
No
You can't use GitHub?
No
So is it accurate to say that code
can be written without using GitHub
or Gitlab, etc?
Yes.
11/26/19, 4:03 PM Messages
11/26/19, 4:03 PM
JJ- I was just told that Global is
buying TSYS. Any truth to that?
l'd have to research it
l'd believe anything at this point
They just did a big layoff too
l'd keep our heads down and
execute now
I guess they bought them a while
ago
Oops
My source was inaccurate...
11/26/19, 4:11 PM Messages
Yeah. Pretty public
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 SHIFT4001294
I just don't pay attention usually
11/27/19, 9:16 PM Messages
11/27/19 , 9:16 PM
JJ: Quick question about a
merchant- Can I give you a call or
are you with family?
1/6/20, 1:03 PM Messages
1/6/20 , 1:03 PM
Hey JJ- would you mind texting me
Mike W's Email address?
1/6/20, 1:12 PM Messages
1/6/20, 1:12 PM
Yep
Sent
Thank you
1/8/20, 4:21 PM Messages
1/8/20, 4:21 PM
JJ - Question for you ... Are there
any circumstances you are aware of
where a provider doesn't remit 100%
of Dues and Assessments to the
ISO?
1/8/20, 4:34 PM Messages
1/8/20, 4:34 PM
Yes
I am aware
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 SHIFT4001295
Can you give me a call when you
have a minute?
1/14/20, 1:59 PM Messages
1/14/20, 1:59 PM
Did you send something to my shift4
email?
Nope
I did respond to something a while
back
But have not sent anything new

1/14/20 , 3:57 PM Messages
1/14/20, 3:57 PM
JJ: A lead that I would have gotten
while at Shift4 (but didn't act on- it
was from before my non-compete),
but has since reached out to me at
Lighthouse.
Can I purse pursuit?
1/14/20, 4:06 PM Messages
1/14/20, 4:06 PM
Yes
I don't see an issue there
Great. Thank you sir.
1/14/20, 4:38 PM Messages
1/14/20, 4:38 PM
JJ- Another question for you: is
there a difference between
interchange and true interchange?
[End of Page 8]

 SHIFT4001296
1/14/20, 5:20 PM Messages
1/14/20 , 5:20 PM
There are a lot of games that can
be played
Call me
1/15/20, 12:04 PM Messages
1/15/20, 12:04 PM
JJ: Question for you ..... We're
looking at integrating to a POS
system and I'm trying to find a
tokenization method to implement.
Would you consider Shift4's method
to be a "proprietary format-
preserving tokenization method"?
1/15/20, 12:18 PM Messages
1/15/20, 12:18 PM
Yes
We use voltage security
Which is format preserving
encryption
l'd have to check on the proprietary
part
Ok, let me rephrase: Would it be a
fair statement to say "Shift4 uses a
proprietary method using format
preserving encryption in order to
facilitate tokenization"?
Yes
Perfect.
1/15/20, 12:54 PM Messages
[End of Page 9]

 SHIFT4001297
1/15/20, 12:54 PM
JJ - Is that restaurant POS system
that Shift4 owns still called Future
POS?
1/15/20, 1:00 PM Messages
1/15/20, 1:00 PM
Yes and restaurant manager
Gotcha. is Future POS PA-DSS
Validated?
Yes
Everything has to be
Got it. Thanks
1/16/20, 9:55 AM Messages
1/16/20, 9:55 AM
JJ: Per our previous conversations,
am I permitted to also work with
merchants boarded through
Harbortouch as well as Shift4?
1/16/20, 9:56 AM Messages
1/16/20 , 9:56 AM
I'm not your boss so I don't feel
right answering
I just don't want to do anything in
violation of our agreement. I know
you mentioned working with
previously boarded merchants, but
wasn't sure if that includes both
Harbortouch and Shift4 Merchants.
1/16/20, 10:00 AM Messages
[End of Page 10]

 SHIFT4001298
1/16/20, 10:00 AM
It's grey area, I'd steer clear
Ok- That's what I was a little
worried about. Wanted to run it by
you so I can be as cautious as
possible.

I consider harbortouch to be a
competitor so there is that
Understood and will avoid. Thanks

1/21/20, 9:19 AM Messages
1/21/20 , 9:19 AM

JJ: How would I confirm if a
merchant is publicly traded? I'm
assuming look at their filings or
annual reports, etc.
1/21/20, 10:01 AM Messages
1/21/20, 10:01 AM

I usually just google "Parent
company of XXXXX"
Got it
1/22/20, 9:04 AM Messages
1/22/20, 9:04 AM

JJ: I found another instance where
your gateway is being whitelabeled
by a POS company and it seems
that it is not certified for EMV with
that POS. Is that permitted?
1/22/20, 9:17 AM Messages
1/22/20, 9:17 AM
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 SHIFT4001299

Who?
Text me who
1/23/20, 9:49 AM Messages
1/23/20, 9:49 AM

JJ- With the settlement agreement,
I'm not permitted to work with the
dealers/ISOs/Agents that I signed
up. Correct?
1/23/20, 9:53 AM Messages
1/23/20, 9:53 AM

Correct
But you can service them if they
reach out
Thanks. What about merchants
that signed up under those dealers?
Are they fair game?

Yes. The agreement was that
you not work with people
that you recruited onto the
platform

Ok. Just trying to be clear so I don't
run into trouble.
1/24/20, 2:38 PM Messages
1/24/20, 2:38 PM

JJ- Did you ever hear if you guys
ended up buying that POS
Company?
1/24/20, 2:45 PM Messages

Yes
[End of Page 12]

 SHIFT4001300

1/24/20 , 2:45 PM
We did?
Which one?
l'd have to check the name
1/27/20, 5:14 PM Messages
1/27/20 , 5:14 PM
JJ- I've got a question for you on
something completely unrelated to
the payment space and I always
value your opinion.
1/27/20, 5:29 PM Messages
1/27/20, 5:29 PM
Shoot
1/28/20, 11:08 AM Messages
1/28/20, 11 :08 AM
JJ: Can I give you a call? I wanted
to run something by you, but its
more of a verbal conversation.
1/28/20, 12:09 PM Messages
1/28/20, 12:09 PM
Sure
2/4/20, 5:10 PM Messages
2/4/20, 5:10 PM
JJ- Do you know if there are any
companies/gateways that support
transaction routing based on BIN?
2/4/20, 5:12 PM Messages
2/4/20 , 5:12 PM
[End of Page 13]

 SHIFT4001301
Not at shift4

Sorry- I worded it very poorly. I
meant in general, are you aware of
any companies that are able to do
that.
2/4/20, 9:09 PM Messages
2/4/20, 9:09 PM
Yes
Of course.
2/5/20, 6:22 PM Messages
2/5/20 , 6:22 PM
JJ- Do you have a copy of the
website language we had Shift4
merchants put on their website
when they were using UTG for their
transactions?
2/5/20, 6:41 PM Messages
2/5/20, 6:41 PM
I don't
I can find it
2/5/20, 6:41 PM Messages
I'll get it for you tomorrow
2/5/20, 6:41 PM
Ok cool. Just want to make sure
what language needs to be on
websites now that we're set up with
our own UTG
👍
[End of Page 14]

 SHIFT4001302
2/6/20, 5:23 PM Messages
2/6/20, 5:23 PM
JJ- I was looking up the language
from this morning and saw that your
website says P2PE is coming soon.
Any idea when its going to be
offered?
2/6/20, 5:27 PM Messages
2/6/20, 5:27 PM
It's live
2/6/20, 5:31 PM Messages
2/6/20 , 5:31 PM
Oh really?! When did that happen?
Now I'm going to have to figure out
what solution it integrates to.
Is it proprietary or third party?
2/6/20, 5:33 PM Messages
2/6/20, 5:33 PM
It's a few 3rd party ones
It's Bluefin, Ingenico and
something else
Got it. Thank you.
2/7/20, 4:46 PM Messages
2/7/20, 4:46 PM
JJ- I always valued your opinion
from your time at TSYS. Do you
know if TSYS is considered a stable
processor?
[End of Page 15]

 SHIFT4001303
2/7/20, 4:51 PM Messages
2/7/20, 4:51 PM
Stable how?
Financially? Technologically?
Both
2/7/20, 5:07 PM Messages
2/7/20, 5:07 PM
They are ok
Not good on tech very stable
financially
2/24/20, 4:52 PM Messages
2/24/20 , 4:52 PM
JJ- I'm trying to find a list of the
companies that do business with
Shift4 as a vendor. Do you have a
list or a place where I can find that?
2/24/20, 5:34 PM Messages
2/24/20, 5:34 PM
No such list exists
2/24/20, 5:55 PM Messages
2/24/20, 5:55 PM
Gotcha. But is there a list of IS0s/
partners/VARs, etc?
2/24/20, 6:01 PM Messages
2/24/20, 6:01 PM
Again no
Ok thanks
[End of Page 16]

 SHIFT4001304
2/25/20, 10:46 AM Messages
2/25/20 , 10:46 AM
JJ - Do you know if Shift4 has a
dedicated compliance person or
team over there?
2/25/20, 11:09 AM Messages
2/25/20, 11:09 AM
Yep. And a risk team
Gotcha. Are they internal auditors?
External?
Internal that work closely with
external
Gotcha. Thanks
2/27/20, 9:01 AM Messages
2/27/20, 9:01 AM
JJ - Who did you have at Shift4 sign
all of the ISO Agreements?
2/27/20, 9:03 AM Messages
2/27/20, 9:03 AM
The CEO, CFO or myself
Is that for legal reasons?
No
Operational
Makes sense, thanks
3/2/20, 10:39 AM Messages
[End of Page 17]

 SHIFT4001305
3/2/20, 10:39 AM
JJ - I just noticed that there is a
company out there that is claiming
that they're using your UTG
technology, but it doesn't look like
they're using your gateway. Is that
possible?
3/2/20, 10:42 AM Messages
3/2/20, 10:42 AM
Anything is possible
Possible that it's a lie or possible
they figured it out
3/2/20, 10:42 AM Messages
3/2/20 , 10:42 AM
Yes
Gotcha.
3/2/20, 11:06 AM Messages
3/2/20, 11 :06 AM
So would it be fair to say that your
UTG technology is not something
that could be easily duplicated? And
that, even if attempted to be
duplicated, would have issues?
3/2/20, 11:07 AM Messages
3/2/20, 11 :07 AM
Correct
Perfect. Thank you.
3/5/20, 8:12 AM Messages
[End of Page 18]

 SHIFT4001306
3/5/20, 8:12 AM
JJ - Do you know the name of the
company/software that Shift4 is
building in Vue?
3/5/20, 8:59 AM Messages
3/5/20, 8:59 AM
SkyTab
Got it, thanks
3/9/20, 5:47 PM Messages
3/9/20, 5:47 PM
Hey JJ - Do you know who does
Shift4's Audits?
3/9/20, 6:39 PM Messages
3/9/20, 6:39 PM
Schellman
Got it. Thanks.
3/19/20, 5:21 PM Messages
3/19/20, 5:21 PM
JJ- A merchant is claiming that
they're being double billed D&A. Do
you all have a way of auditing for
that on your platform before I get
back to them?
3/19/20, 5:54 PM Messages
3/19/20, 5:54 PM
Of course
Call me
[End of Page 19]

 SHIFT4001307
3/24/20, 10:17 AM Messages
3/24/20, 10:17 AM
JJ - Do you happen to know the
approximate date on which you
launched P2PE?
3/24/20, 10:28 AM Messages
3/24/20, 10:28 AM
I don't
Call me
[End of Page 20 (Last Page)]