Vagrant 1.1.5 Windows 8 x64 Git Bash Error

$ vagrant init precise64 http://files.vagrantup.com/precise64.box
$ vagrant up
Bringing machine 'default' up with 'virtualbox' provider...
[default] Box 'precise64' was not found. Fetching box from specified URL for
the provider 'virtualbox'. Note that if the URL does not have
a box for this provider, you should interrupt Vagrant now and add
the box yourself. Otherwise Vagrant will attempt to download the
full box prior to discovering this error.
Downloading with Vagrant::Downloaders::HTTP...
Downloading box: http://files.vagrantup.com/precise64.box
Extracting box...0669280 / 320671744)
Cleaning up downloaded box...
c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/util/subprocess.rb:81:in `rescue in execute': The system cannot find the file specified. (2) (Vagrant::Util::Subprocess::LaunchError)
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/util/subprocess.rb:74:in `execute'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/util/subprocess.rb:20:in `execute'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/box_collection.rb:103:in `add'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/builtin/box_add.rb:35:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/warden.rb:34:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/builder.rb:109:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/runner.rb:61:in `block in run'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/util/busy.rb:19:in `busy'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/runner.rb:61:in `run'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/builtin/handle_box_url.rb:27:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/warden.rb:34:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/plugins/providers/virtualbox/action/check_accessible.rb:18:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/warden.rb:34:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/runner.rb:61:in `block in run'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/util/busy.rb:19:in `busy'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/runner.rb:61:in `run'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/builtin/call.rb:51:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/warden.rb:34:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/builtin/config_validate.rb:25:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/warden.rb:34:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/plugins/providers/virtualbox/action/check_virtualbox.rb:17:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/warden.rb:34:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/builder.rb:109:in `call'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/runner.rb:61:in `block in run'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/util/busy.rb:19:in `busy'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/action/runner.rb:61:in `run'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/machine.rb:129:in `action'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/plugins/commands/up/command.rb:37:in `block in execute'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/plugin/v2/command.rb:182:in `block in with_target_vms'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/plugin/v2/command.rb:180:in `each'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/plugin/v2/command.rb:180:in `with_target_vms'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/plugins/commands/up/command.rb:32:in `execute'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/cli.rb:46:in `execute'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/lib/vagrant/environment.rb:408:in `cli'
    from c:/vagrant/vagrant/embedded/gems/gems/vagrant-1.1.5/bin/vagrant:75:in `<top (required)>'
    from c:/vagrant/vagrant/bin/../embedded/gems/bin/vagrant:23:in `load'
    from c:/vagrant/vagrant/bin/../embedded/gems/bin/vagrant:23:in `<main>'