These negotiations resulted in a Statement of Work (“SOW”) agreement, executed on July 1, 2013. Id. at ¶ 26. According to that agreement, the design for the G1 chip was not scheduled to “tape-out,” or be completed, until September 15, 2013, at the earliest. Id. Barber and deCastro were also informed by Uniquify that the time between “tape-out” of the G1 chip and a finished product would exceed two months, even under an expedited production schedule. Id. Based on that timeline, the HashFast Entities were aware they would not be able to provide Baby Jets to customers until mid- November, 2013. Id. at ¶ 27.

HashFast's Golden Nonce GN ASIC successfully taped-out yesterday, Wednesday the 28th, and has been released for 28nm fabrication to a well-known, leading-edge foundry.  More details will follow in next week's joint press release.