From : Josh Garza < josh@btc.com >

Subject : Re : Confidential Communication

Date : November 30, 2014 at 11:08:25 AM EST

To : Rishab Jain < rishabh@livingstones.in >

Cool, glad we are getting there. Also, let me know if you want to jump on a call at some point.

To answer your question. The $4 per coin was a one time deal. We did it to create a long term relationship with those we wanted as strategic partners.

Paycoin is launching at a $20 public price. In fact, we are already selling to early investors at the $20 valuation today (in the few million dollar range)

All market information points to a much higher market valuation then $20 shortly after the launch.

Keep on mind, when the coin was announced at its price of $20, that was before the partnership with shopify, paypal, and the financial Partner we just signed a deal with (Mastercard)

So today, 1.5 million coins would cost any investor (including myself) 30m. There will never be a scenario where there will be a discount on coins, the market will dictate the price.

If you invested, your not buying coins. Your pooling your money with me and others to "rent" controllers. So your buying the production of a controller, the "stake".

Think of it almost like a time share on a plane. A certain amount of the stake is yours.

So my last email was also telling you that gaw would be willing to help sell whatever part of your stake you wanted.

Use the time share analogy, imagine we had a time share on a jet under a partnership. Let's say we also owned a airline.

Then you came to the partnership and said "hey, can you sell half of my time to someone that comes to the airline company and wants to fly"

Long and short, your getting the same thing we are and taking advantage of our ecosystem.

So assuming you invested, you could come to me and say "I want to keep 1 million coins for myself and I want you to sell the rest to customers"

I would take then 500k in coins you wanted to sell and either sell it as a stake at gaw, or sell it to paybase at at the market rate. The cash go back to you as we would be partners.

Hopefully that makes sense :)

On Sunday, November 30, 2014, Rishab Jain <rishabh@livingstones.in> wrote:

Thanks for the information it was great help further understanding..

I was doing some math today, from what I understand all that I will earn from keeping the prime controller for 6 months would 1.5 million coins on a investment of 10million.

If I buy 10 million dollars worth of coins today directly from you even at 4 dollars it gives me 2.5 million coins, so why shouldn I just buy the coins directly and not stake them?

Is there anything I am missing or any kind of upside what I have not taken into consideration?

Regards,

Rishab

Sent from my iPhone

On 30-Nov-2014, at 1:43 pm, Josh Garza <josh@btc.com> wrote:

Since the controllers stake daily, you would get them daily.

There is such a large upside because now your on the side we are and making the money we make. So yes, those numbers are right :)

You could even sell your own hashstakes, our we could sell them for you. In other words, you could tell us how much of those coins you want to keep, and how much you want to sell, and we could sell that allocation for you.

Or, you could decide to sell X amount of coins as we go, and I could have them sold paybase.

Long and short, we could sell any allocation of the coins are making, or you keep them all for yourself.

On Sunday, November 30, 2014, Rishab Jain <rishabh@livingstones.in> wrote:

Jus one question.

For example you mentioned 10m would get 1.5mil coins.

Does this mean I reach my Roi in 2 months even if the coin stays at 20 dollars?

Or does the money directly come in after six months ?

Is my math correct?

Regards,

Rishab

Sent from my iPhone

On 30-Nov-2014, at 5:40 am, Josh Garza <josh@btc.com> wrote:

Be well, talk to you soon :)

Sent from my mobile phone

On Nov 29, 2014 4:09 PM, "Rishab Jain" <rishabh@livingstones.in> wrote:

You have spoken in complete fairness with me all the time, all i mean i don’t want to waste your time asking questions and getting more confidential information without being sure at my end, so i would speak to my brothers about the payment schedule and risk factor and get back to you and then get in further details.

You are correct for both of us its not about making money but proving a point to the world and to be a part of that change.

You seem very positive with these pay coins for some reason i feel these coins are gonna touch the roof under six months and your not sharing those nos with me as you don’t want my expectations high..:-) i wish i am correct.

I think i will round off yesterdays hashstaker deal to 100,000 tonight.

Will get back to you soon..safe journey to Boston

Regards,

Rishab

It would be fiat mostly from my end.

On 30-Nov-2014, at 2:17 am, Josh Garza <josh@btc.com> wrote:

No offense taken at all, I know the difference between personal and business. I can be a little curt when I am talking business :)

There is not a doubt in my mind you will do extremely well, just like you already have.

If I was completely open, the main reason for welcoming your involvement is I am dealing with a ton of tough sharks on this end, with a ton of money. The more people people that I can trust to investment with me, the better. Even if it cost something.

There are two things similar between you and I. The first as we are both men of our word, and the second is we don't need the money. My word is the only thing I have.

Like you, I do this for fun and because I believe in the industry. There is no scenario where I would involve you if I was positive of a win.

We can split up the funds in different ways. And yes, I could handle a mixture of all those payment methods you listed, including up to a million USD of paycoins.

What does that say about my confidence level if I am already willing to accept Paycoins as payment, when you bought it at a 1:4 ration just a few weeks ago :)

We are going to change the world with this.

Josh Garza

CEO- GAW Corp

On Sat, Nov 29, 2014 at 3:31 PM, Rishab Jain <rishabh@livingstones.in> wrote:

Hey Josh,

I hope you have sold a good amount of hashstakers yesterday.

Thanks for your wishes, it has a heavy price tag but i bought it as by time its just gonna fetch me more n more value..you are correct its difficult to get one of these.i am expecting delivery just before xmas i will mail you the pics once i get it...

I completely understand what you mean by taking risk we earn money and thats how it makes it fair within all your partners.

I have almost invested over 2.2mil already with GAW and have plans to invest further.

I understand what you mean by entering the first round gives me a aggressive position for the future rounds.

Let me discuss with my brothers and get back to you as i don’t want you to feel i took too much information out of you and it was not fruitful to you, i am the last person to do that.

lastly by 2 weeks you mean you would require these funds between the 10th to 15th am i correct..modes of payment Fiat , BTC or Paycoin? :-)

Regards,

Rishab.

On 30-Nov-2014, at 12:21 am, Josh Garza <josh@btc.com> wrote:

Hi Rishab,

First, congratulations on the new Ferrari. I was explaining to a friend of mine, it's not even the incredible price tag that makes that car do special, it's the fact that Ferrari has to invite you to buy it. That's incredible man. Please please send me some pics.

Regarding the controllers. The funds would have to be in before the round starts. That's the only way controllers can be purchased

If you were to pay later, it would mean I would have to pay for your spot so it's reserved, you would get to wait and see how things go, then get the upside of my original investment once you know it's safe. Good for you, not good for me :)

Naturally, just about anyone would do that deal, as there would be no risk for them :)

So the only way it would make sense for my partners and I to give out the same upside we get, would be with those that take the same risk.

Also, I would have to adjust the math on the new numbers you gave. 7m would be the lowest it would make sense us to bring in a partner at the same level.

Round one is going to be the best round to get in on. As many will wait to see what happens thus round, the next round that starts will be highly competitive, there will be banks and financial institutions participating. So your upside from the first round would make it to where you would be able to stay involved.

Alternatively, you could wait until the second round, so you could see how things go on the first round. But like I said, be mindful as many are doing the same thing, the landscape will change the next time around.

On a personal note, consider that the risk here is significantly less then any you have taken so far. All the ones you have taken so far were far more risky (as it involved a currency we had no control over), and you did very well. This is less risk, and more upside. We have direct influence over the prices. Does not get much better.

While it's unusual for things to work out that way, I take care of those that care care of us.

Sent from my mobile phone

On Nov 29, 2014 3:56 AM, "Rishab Jain" <rishabh@livingstones.in> wrote:

Thanks Josh.

Carlos had called up he wanted to achieve his target i bought 72k worth of hashstakers.(might take up another 30k by tonight)

Your brother is great sales person,i must say.

I just bought a LaFerrari today :-) i am sure you will come to meet me ;-)

I am definitely interested in the prime controllers but i think i will be able to do around 5mil to 6mil and not 10mil.(the ferrari ate it up haha)

From what i understand the returns what you have mentioned would be within 6 months as the prime controller would be available with me for six months.

If i block these prime controllers for me when do i have to pay up for them? I have complete trust in you and gaw but i would still be more comfortable if i see the pay coin to reach at least 20dollars minimum.

For the paperwork and the exact math i can fly down to meet you guys soon enough and strike the deal.

Regards,

Rishab

On 29-Nov-2014, at 10:09 am, Josh Garza <josh@btc.com> wrote:

Thank you sir.

We should probably start taking our deal. We have about two weeks before we have to lock the controllers up. Plus, I am announcing a global financial partner next week, and that's going to drive prices up again.

We can talk in full detail, but the general summary is as follows.

We would pool resources for the first round. The 10m your looking to put up would lock down a few controllers, most importantly you would be at the same stake rate as the partners here. The summary math is, you would stake out about 1.5 million coins.

Cantor is projecting PC to be hovering around $60 in June.

All the normal stuff would apply, NDAs, first right of refusal on new deals, best nations, etc.

Let me know if there is interest. Not I mentioned, I am cutting from my allocation, so no worries :)

Lastly, and this is highly confidential. My partners are already hearing we have paypal attention. A deal with them would mean I fly my own jet to come see you lol

On Friday, November 28, 2014, Rishab Jain <rishabh@livingstones.in> wrote:

Amazing packaging to the product..looks very attractive.

On 28-Nov-2014, at 9:30 pm, Josh Garza <josh@btc.com> wrote:

yea, we are making about 100k every 10 minutes :)

Josh Garza

CEO- GAW Corp

On Fri, Nov 28, 2014 at 10:27 AM, Rishab Jain <rishabh@livingstones.in> wrote:

Hey Josh,

You jus retweeted me..i am rishab704.

I have not understood the hashstaker yet…maybe carlos will help me out later..

Amazing launch..

All the best,

Rishab

“The information contained in this email message may be confidential. If you are not the intended recipient any use, distribution, disclosure or copying of this information is prohibited. If you receive this email in error, please tell us by return email and destroy this communication and any attachments from your system.”

--

Josh Garza

CEO- GAW Corp

“The information contained in this email message may be confidential. If you are not the intended recipient any use, distribution, disclosure or copying of this information is prohibited. If you receive this email in error, please tell us by return email and destroy this communication and any attachments from your system.”

“The information contained in this email message may be confidential. If you are not the intended recipient any use, distribution, disclosure or copying of this information is prohibited. If you receive this email in error, please tell us by return email and destroy this communication and any attachments from your system.”

“The information contained in this email message may be confidential. If you are not the intended recipient any use, distribution, disclosure or copying of this information is prohibited. If you receive this email in error, please tell us by return email and destroy this communication and any attachments from your system.”

“The information contained in this email message may be confidential. If you are not the intended recipient any use, distribution, disclosure or copying of this information is prohibited. If you receive this email in error, please tell us by return email and destroy this communication and any attachments from your system.”

--

Josh Garza

CEO- GAW Corp

“The information contained in this email message may be confidential. If you are not the intended recipient any use, distribution, disclosure or copying of this information is prohibited. If you receive this email in error, please tell us by return email and destroy this communication and any attachments from your system.”

--

Josh Garza