Apple Pay Later Program Terms

Welcome to Apple Pay Later!

These Apple Pay Later Program Terms ("Apple Pay Later Terms") create a legal agreement between you ("you" and "your") and

Apple Financing LLC ("we," "us," or "our") that govern your use of Apple Pay Later and any services that may be offered to you

through Apple Pay Later, including closed-end loan products (the "Services"). These Apple Pay Later Terms supplement and are in

addition to other terms and conditions that you have entered governing your use of Apple Pay Later, including the Electronic

Communications Agreement and any Apple Pay Later Loan Agreement.

CONTACTING US

Except as explicitly set forth in these Apple Pay Later Terms, at our discretion, you can contact us with questions or other matters

about Apple Pay Later, as defined below, by:

• Using Messages, the Apple app that lets you send text messages and iMessages to anyone with an iOS or iPadOS using

iMessage; or

• Calling us toll-free at 1-866-732-7753.

Except as explicitly set forth in these Apple Pay Later Terms, if you attempt to contact us by other means, we may not receive your

message and may not be able to respond in a timely manner, or at all.

CHANGES TO THIS AGREEMENT

Subject to applicable law, we may change any term of these Apple Pay Later Terms, or add new provisions, at any time in our sole

discretion. If we are required by law to provide you with notice of any changes to these Apple Pay Later Terms, we may do so in

accordance with the "Electronic Communications Agreement" we have already provided to you. Subject to applicable law, continued

access to or use of Apple Pay Later following such notice shall be deemed to be your acceptance of such modified version of these

Apple Pay Later Terms. If you do not agree to these Apple Pay Later Terms or any revised version of these Apple Pay Later Terms,

you must stop using Apple Pay Later. If you may have one or more Loans outstanding, then the existing version of these Apple Pay

Later Terms will apply while you repay your outstanding balance.

You can view, print, save and email current versions of these Apple Pay Later Terms at any time from your Apple Wallet, or you can

request these Apple Pay Later Terms by contacting us.

Using Apple Pay Later

This section governs your participation in Apple Pay Later.

ELIGIBILITY

Apple Pay Later is intended solely for use in the United States, but may not be available in all of the fifty (50) United States. Any use of

or access to Apple Pay Later by any nonresident or person under legal age in their state of residence is unauthorized and in violation

of these Apple Pay Later Terms. To be eligible for and to participate in Apple Pay Later, you must:

• Be at least 18 years old (19 years old in Alabama) and a legal resident of one of the fifty (50) United States or the District of

Columbia with the exception of the states and Territories where Apple Pay Later is not offered;

• Have an Apple ID associated with an iCloud account that is in good standing with Apple, as well as a valid email address

associated with your Apple ID;

• Have Apple's two-factor authentication turned on for your Apple ID that is associated with your iCloud account; and

• Have enabled Apple Pay on an iOS device with a version of iOS installed that supports use of Apple Pay Later in your Wallet

or an iPadOS device that has a version of iPadOS (as applicable) that supports the use of Apple Pay Later ("Required

Device"). A Required Device must have internet access and a passcode enabled.

v.1.1

Page 1/14

USING APPLE PAY LATER

When you use Apple Pay Later, you may be offered one or more closed-end loan products ("Loan" or "Loans") for the purchase of

eligible goods or services at approved merchants. Each Loan that you obtain will be governed by a separate agreement ("Loan

Agreement") between you and us. These Apple Pay Later Terms will continue in effect even after you obtain or repay a Loan, until

these Apple Pay Later Terms are terminated.

When you obtain a Loan through Apple Pay Later, the terms of the Loan will be provided to you in your Loan Agreement. Depending

on the details of your Loan and how your purchase is processed or confirmed by the merchant, your payment schedule ("Payment

Schedule") will be made available to you by going to your Apple Wallet or by contacting us.

Each Loan that you request is subject to eligibility checks and approvals. We reserve the right to decline a Loan request at any time

and for any reason. The terms of a Loan will be provided to you and you must agree to those terms in order to accept a Loan. We may

limit your access to Apple Pay Later, including, the number of Loan requests that you make, the amount of any loan, and the number

of Loans that you obtain.

We further reserve the right to restrict your access to Apple Pay Later or any other financial service offered by us if you are, or have

been, in default under any Agreement with us or for any other reason, subject to applicable law.

You may only apply for a Loan using a Required Device. In order to ensure complete access to your Loan details, including any

payment schedules and to receive required updates, you agree to maintain the latest version of iOS and iPadOS on your Required

Devices.

You may use Apple Pay Later only as permitted by these Apple Pay Later Terms. You may not use Apple Pay Later for:

• Any illegal purpose or to purchase illegal goods or services;

• Any activity that violates any applicable law, statute, regulation, or ordinance or breach of these Apple Pay Later Terms or

any other agreement or policy you have with us;

• The purchase of any of the following:

• Counterfeit or stolen goods;

• Firearms, weapons, or ammunition;

• Fundraising or collections of donations;

• Currency in any form, including virtual, digital, or cryptocurrency;

• Gambling, casinos, and lotteries;

• Gift cards;

• Goods or services that promote hate, violence, or intolerance;

• Investment or credit services;

• Items that create consumer safety risks;

• Items that are intended to be used to engage in illegal or fraudulent activities;

• Loan or credit card payments;

• Money transfers, cash advances, or cash equivalents;

• Pornography;

• Public Administration obligations such as alimony, bail, child support, or tax payments;

• Staged digital wallets;

• Subscription services deemed unacceptable by us;

• Tobacco, marijuana, illegal drugs, or vaping products;

• Any goods or services deemed unacceptable by us;

• Any purpose in any country or territory that is subject to economic sanctions administered and enforced by the U.S.

Department of the Treasury's Office of Foreign Assets Control (OFAC), or with any person or entity subject to these

sanctions; or

• Paying any debts to us.

v.1.1

Page 2/14

By using or accessing Apple Pay Later, you also agree:

• You will not provide false, inaccurate or misleading information;

• You will not provide information belonging to any person other than yourself;

• You will not use any device, software, routine, file or other tool or technology, including but not limited to any viruses, trojan

horses, worms, time bombs or cancelbots, intended to damage or interfere with Apple Pay Later or any products or services

offered through Apple Pay Later or to surreptitiously intercept or expropriate any system, data or personal information from

Apple Pay Later or any products or services offered through Apple Pay Later;

• You will not use Apple Pay Later to make any payment(s) on any existing loan(s) or outstanding debts;

• You will not commit unauthorized use of Apple Pay Later and systems, including but not limited, to unauthorized entry into

Apple Pay Later's systems, misuse of passwords, or misuse of any information; and

• You will not take any action that imposes an unreasonable or disproportionately large load on Apple Pay Later infrastructure,

including but not limited to attacks, "spam" or any other such unsolicited overload technique.

Credit Information & Credit Reporting

This section describes how we interact with credit bureaus regarding your Loans.

OBTAINING YOUR CONSUMER REPORT

You authorize us, including our service providers, successors, and assigns, to obtain consumer reports and other information about

you from consumer reporting agencies at any time that these Apple Pay Later Terms are in effect, including when you apply for a

Loan and periodically throughout the term of any Loan and after any Loan is repaid in full. You agree that we may use consumer

reports and other information to determine your eligibility for a Loan, verify your identity, for purposes of servicing and collecting on a

Loan, and for any other reason permitted by applicable law.

WE MAY REPORT INFORMATION ABOUT YOUR LOAN TO CREDIT REPORTING AGENCIES, INCLUDING NEGATIVE

INFORMATION ABOUT LATE PAYMENTS, YOUR FAILURE TO MAKE ANY PAYMENTS YOU OWE US, OR OTHER DEFAULTS.

If you believe information that we reported to a credit reporting agency about you is incorrect, you may dispute the reported

information by contacting us. Please include your name, address associated with your Loan, the email address associated with your

Loan, telephone number, and a description of the information you believe is incorrect and why. If available, please include a copy of

the credit report in question.

v.1.1

Page 3/14

Communications

This section explains how we may contact you about matters relating to your

relationship with us and what you should do to update us with your current contact

information.

CONTACTING YOU

You agree that we and our loan servicers, and other agents may contact you using any technology and methods of our choice. This

includes using an automated telephone dialing system or other similar system to contact you by email, text message, iMessage,

device-level notification, pre-recorded voice call, or other electronic notification method supported by your telephone or the hardware

and software you use to access Apple Pay Later or otherwise use to access email, text messages, iMessages, or other electronic

notifications with respect to Apple Pay Later. We may use any telephone numbers (including wireless, landline and voice over IP

numbers) or email addresses that you give to us or that you give to our loan servicers, or other agents in connection with the Apple

Pay Later program or a specific Loan under the program, including through Apple Pay Later setup, application for an Apple Pay Later

Loan, or subsequent updates to such contact information. You understand and agree that anyone with access to your telephone or

email account or other electronic device on which you receive such communications may listen to or read the messages that we

leave or send you. You agree that we will not be liable for any charges that you incur in connection with emails, text messages,

iMessages, device level notifications or other communications that we or our agents and representatives send to you.

You agree to notify us immediately if you change telephone numbers or are no longer the subscriber or usual user of a telephone

number that you give to us. You agree that we may monitor, record, retain and reproduce your telephone calls and other

communications with us. At any time, you can withdraw your consent to receive text messages through a telephone network (e.g.,

SMS), and calls through a telephone network placed with an automated telephone dialing system or using a pre-recorded voice

message. To revoke your consent with respect to such communications, you must contact us. Any revocation of consent will be

applied across the Apple Pay Later program as to loans originated prior to the revocation. If you obtain a new Loan through Apple Pay

Later after initially revoking consent, you acknowledge that agreeing to the terms of a new Loan will involve agreeing to a new

authorization to communications, including but not limited to communications through automated telephone dialing systems, text

messages, iMessages, and pre-recorded voice calls, across the Apple Pay Later program. You will, however, be able to withdraw

such re-established consent at any time pursuant to the terms above and the terms of your Loan Agreement. Standard telephone

minute, data and text charges may apply.

All communications will be dated based on Eastern Time.

NOTICES

Any written or electronic notice or communication we send to you will be effective when made available in your Apple Wallet, when

sent to you electronically, or, if you have withdrawn your consent to electronic communications, when mailed to the address

associated with you in our records. Any notice you send to us must be in writing and sent to: Apple Financing LLC, P.O. Box 149077,

Austin, TX, 78714.

CHANGES TO YOUR INFORMATION

You must promptly notify us of any change to your name, mailing address, email address, or phone number by contacting us. We

may rely on your email address or mail address as it appears in our records and any email address that you associate with a Loan for

any and all Apple Pay Later communications we send to you unless and until you notify us of any changes. We may also, in our sole

discretion, update your mailing address if we receive a notification of change from the U.S. Postal Service.

Other Important Information

This section provides additional information that is important to understanding your

rights and obligations for your use of Apple Pay Later.

YOUR AGREEMENTS

You agree to provide us accurate and complete information, including in any request for a Loan. You agree that each Loan may be

used solely for personal, family, or household purposes. You agree not to allow any other person access to your credentials to use

Apple Pay Later on your behalf, but you will be liable for any activity by a person you authorize to use Apple Pay Later. You warrant

and represent that you have the legal competence and capacity to execute and perform these Apple Pay Later Terms.

v.1.1

Page 4/14

GOVERNING LAW

These Apple Pay Later Terms are governed by the laws of the State of your residence at the time you most recently accepted these

Apple Pay Later Terms, except to the extent inconsistent with or preempted by federal law and except as otherwise stated in these

Apple Pay Later Terms, without regard to principles of conflict of laws. Each Loan will be governed by the law described in the Loan

Agreement for that Loan.

INFORMATION SHARING

You direct each of us to share all information that we have about you for purposes of offering Apple Pay Later, to consider any request

that you make for a Loan, and to the fullest extent permitted by law. We may each use that information to offer Apple Pay Later to you,

including making, servicing, or collecting Loans, and for analytics and research.

RETURNS AND CANCELLATIONS

Any return or exchange of a purchase that you make using an Apple Pay Later Loan is subject to the return policy of the merchant

from which you made the purchase, and we are not responsible for any return or exchange. You must continue to make any

remaining payments on any Loan even in the case of an actual or attempted return or exchange. If the merchant notifies us of a return

or exchange and provides a refund to your Loan, then we will notify you and adjust your Payment Schedule. When you are due a

refund, we will adjust your future payments based on the amount you still owe. If you had already paid more than the revised

purchase amount, then we will credit back the excess amount to the original payment method. We may also mail a check to you.

If the merchant notifies you that any part of your purchase has been canceled, contact us to ensure your Loan is adjusted to reflect

your revised purchase amount.

NO WARRANTIES

Except for the representations contained in these Apple Pay Later Terms, we do not make any representations or warranties to you or

any other party with regard to your use of Apple Pay Later or any Loan, including, but not limited to, any implied warranties of

merchantability or fitness for a particular purpose.

LIMITATION ON LIABILITY

In no event shall any party to these Apple Pay Later Terms be liable to any other party for any lost profits or special, exemplary,

consequential or punitive damages, even if informed of the possibility of such damages.

NO WAIVER

The failure by us to enforce at any time any of the provisions of these Apple Pay Later Terms, to exercise any election or option

provided in these Apple Pay Later Terms, to require at any time your performance of any of the provisions of these Apple Pay Later

Terms, or to enforce our firsts under applicable law will not in any way be construed as a waiver of such provisions, election, option,

performance, or rights. Additionally, if we waive a particular obligation in one circumstance, it does not prevent us from subsequently

requiring compliance with the obligation on other occasions.

THIRD PARTIES

There are no third-party beneficiaries to these Apple Pay Later Terms.

SEVERABILITY

If any provision of these Apple Pay Later Terms is held invalid, the remainder of these Apple Pay Later Terms shall continue in full

force and effect. If any provision of these Apple Pay Later Terms are deemed unlawful, void, or for any reason unenforceable, then

that provision shall be deemed severable from these Apple Pay Later Terms and shall not affect the validity and enforceability of any

remaining provisions.

ENTIRE AGREEMENT

These Apple Pay Later Terms, including all documents incorporated by reference, constitute and contain the entire agreement

between you and us with respect to the matters addressed in these Apple Pay Later Terms and supersede any prior or

contemporaneous oral or written agreements. The headings in these Apple Pay Later Terms are for reference only and will not be

considered in the interpretation of these Apple Pay Later Terms.

v.1.1

Page 5/14

ASSIGNMENT

You may not assign any of your rights or obligations under these Apple Pay Later Terms. We may assign any of our rights and

obligations under these Apple Pay Later Terms, in whole or in part, without your permission and without any notice to you.

TERMINATION

We may terminate these Apple Pay Later Terms at any time, and we may terminate any request you make for a Loan. We will provide

notice to the extent required by law.

AMENDMENT

We may amend these Apple Pay Later Terms at any time, which includes adding or deleting provisions. We will provide you notice of

amendments to the extent required by applicable law. Any amendment proposed by you will be binding on us only if we agree to it in

writing.

LANGUAGE

You agree that you can understand English-language communications and agree that the English-language version of all

communications will be binding. As used in these Apple Pay Later Terms, the term "including" means "including, but not limited to."

ACCOUNT MANAGEMENT INFORMATION

Apple Wallet provides information that may help you manage your use of Apple Pay Later, including the repayment of Loans obtained

through Apple Pay Later, and improve your financial health. This information is not intended as financial advice or as a substitute for a

financial advisor.

SERVICE PROVIDERS

We may also use service providers in connection with your use of Apple Pay Later, in determining your eligibility for a Loan, verifying

your identity, for purposes of servicing and collecting on a Loan, and for any other reason permitted by applicable law. In doing so, we

may permit one or more of our service providers to exercise any of our rights, rely on any consents or permissions that you have

granted to us, and enforce any of your obligations on our behalf.

TRANSACTIONS MADE IN FOREIGN CURRENCIES

All transactions, returns, and credits must be submitted to us in U.S. Dollars. If, in our sole discretion, we accept a transaction, return, or

credit in a currency other than U.S. dollars, we reserve the right to convert such amount into U.S. dollars. We do not add any foreign

exchange rate fee to these Transactions. The conversion will be performed by Mastercard International, the payment network

associated with your Account (the "Network"). The Network follows its own methods for conversions that are subject to change.

The conversion will occur on the day the transaction, return or credit is processed by the Network, which may be different than the

date of the transaction return or credit. As a result, the conversion rate may differ from the rate as of a transaction date or the date a

transaction is posted on your Loan.

v.1.1

Page 6/14

Making Payments

This section explains how payments are made, and the services provided by Apple Payments Inc.

Apple Payments Inc. (“Apple Payments”) will provide services to enable you to make payments for the Services and Loans. Apple

Payments is a beneficiary of this section of the Apple Pay Later Terms and is entitled to rely upon and enforce your agreements in this

section.

THE DIRECT PAYMENTS SERVICE

The “Direct Payments Service” allows you to use your debit card or other supported payment method (each, a “Payment

Method”) to make payments directly to us that you authorize (each, a “Payment”). There are no fees for using the Direct Payments

Service. When you make a Payment to us utilizing the Direct Payments Service, you authorize Apple Payments to withdraw the

necessary funds in accordance with your instructions, which may be provided either to Apple Payments directly or to us. Your

requested Payment may be declined if you do not have sufficient funds to satisfy the requested Payment, and you may be charged

fees by your bank as a result.

When you use the Direct Payments Service, your Payment will generally be made through an electronic funds transfer. Apple

Payments will generally withdraw the funds from your account associated with your Payment Method and electronically transmit

those funds to us on the same day as your request.

ELIGIBILITY AND LIMITS

Eligibility

In order to use the Direct Payments Service, you must have a Payment Method in good standing, and all of the eligibility requirements

set forth in these Apple Pay Later Terms must be satisfied.

Limits on your use of the Direct Payments Service

Apple Payments may decline to complete or delay a Payment: (i) if Apple Payments believes it may involve or result in a violation of

applicable law or expose Apple Payments or us to liability or risk of loss; (ii) if the Payment instructions or authorization are unclear,

ambiguous, or incomplete; (iii) if Apple Payments identifies a fraud or security risk involving an individual Payment or the Direct

Payments Service; or (iv) as otherwise stated in these Apple Pay Later Terms. Apple Payments and we are not responsible for any

losses or damages that may result from Apple Paymentsʼ or our delay or cancellation of a Payment or for any failure to notify you of

such delay or cancellation, except as otherwise expressly provided in these Direct Payments Terms. You agree not to use the Direct

Payments Service in connection with unlawful domestic or international gambling websites or payment processors that support

unlawful gambling websites or to purchase illegal goods or services.

DIRECT PAYMENTS SERVICE TRANSACTION HISTORY

You may obtain information about your Payments at any time and at no cost directly from your Required Device. Additionally, you

may obtain a more detailed electronic transaction history of your transactions, including information regarding Payments made using

the Direct Payments Service, at any time and at no cost by requesting one directly from your Required Device. You may also obtain

this transaction history at any time and at no cost by calling 1-866-732-7753.

ADDITIONAL TERMS AND CONDITIONS FOR USING THE DIRECT PAYMENTS SERVICE

Except as otherwise expressly provided herein or as otherwise required by applicable law, Payments authorized in connection with

the Direct Payments Service are non-refundable. Apple Payments and we are not responsible for any loss of funds if you give

incorrect instructions or if your payment instructions are not given sufficiently in advance to allow for timely delivery of your Payment.

You represent and warrant that all Payments you make comply with applicable law.

v.1.1

Page 7/14

Except as otherwise expressly provided herein, and without limiting any other provisions of these Direct Payments Terms, Apple

Payments and we will not be liable if Apple Payments fails to send, or delays the transmission of, funds to us through the Direct

Payments Service if: (i) you have insufficient funds available to complete the Payment to your Apple Pay Later Loan; (ii) Apple

Payments or we believe the Payment may violate applicable law or these Apple Pay Later Terms; (iii) Apple Payments or we identify a

security risk involving the Payment or the Direct Payments Service; (iv) circumstances beyond Apple Paymentsʼ our control (such as

fire, flood, terrorist attack, or national emergency) prevent the Payment, despite reasonable precautions that Apple Payments and we

have taken; or (v) a Required Device that you have used with Apple Pay Later has been reported as lost or stolen or if Apple Payments

or we have reason to believe that your credentials have been compromised or that the Payment is not authorized by you. Apple

Payments and we cannot guarantee the timely delivery of funds as a result of a failure of another financial institution or payment

intermediary to act in a timely manner.

CUSTOMER SERVICE

In Case of Questions about your Payments

Please call 1-866-732-7753 if you think a mistake has occurred in connection with a Payment.

Cooperation in Recovery Efforts

You agree to cooperate reasonably with Apple Payments and its agents and service providers in their attempts to recover funds from,

and to assist in the prosecution of, any unauthorized use of the Direct Payments Service. You agree that any unauthorized use does

not include use by a person to whom you have given authority to use Apple Pay Later, a Required Device, or credentials and that you

will be liable for all such uses by such person.

Disputes with Merchants

Apple Payments is not responsible for the delivery, quality, safety, legality or any other aspect of goods or services for which Payment

are made using the Direct Payments Service.

PRIVACY AND DATA SHARING

Apple Paymentsʼ collection, use, storage, and disclosure of your information as a result of using the Direct Payments Service is

governed by the Direct Payments Privacy Notice.

BUSINESS DAYS

Apple Paymentsʼ business days are Monday through Friday, excluding U.S federal holidays.

APPLE PAYMENTS INC. LICENSES

Up to date information regarding Apple Payments Inc. state licenses is available anytime at

https://www.apple.com/legal/applepayments/license-information/.

Arbitration Provision

This section is an arbitration provision and contains important information that

affects your legal rights.

PLEASE READ IT CAREFULLY.

This arbitration provision shall also apply to any Claims (as defined below) brought by or against Apple Financing LLC,

Apple Payments Inc., Apple Inc. or any of its affiliates ("Apple").

ACKNOWLEDGMENT OF ARBITRATION

Your access to and use of Apple Pay Later and Services that may be offered to you through Apple Pay Later are provided on the basis

of the inclusion of the following arbitration provision. By accepting these Apple Pay Later Terms or using Apple Pay Later, unless you

reject arbitration as provided below, you acknowledge that YOU ARE GIVING UP THE RIGHT TO LITIGATE CLAIMS (AS DEFINED

BELOW) AND THE RIGHT TO INITIATE OR PARTICIPATE IN A CLASS ACTION. You hereby knowingly and voluntarily WAIVE THE

RIGHT TO BE HEARD IN COURT OR HAVE A JURY TRIAL on all Claims subject to these Apple Pay Later Terms. You further

acknowledge that you have read this arbitration provision carefully, agree to its terms, and are entering into these Apple Pay Later

Terms voluntarily and not in reliance on any promises or representations whatsoever except those contained in these Apple Pay Later

Terms.

v.1.1

Page 8/14

HOW TO REJECT THIS ARBITRATION PROVISION

YOU MAY REJECT THIS ARBITRATION PROVISION BY CONTACTING US USING MESSAGES, CALLING US, OR WRITING TO

US, AND STATING THE FOLLOWING: (I) YOUR NAME; (II) THE EMAIL ADDRESS YOU PROVIDED FOR APPLE PAY LATER; (III)

THE ADDRESS YOU PROVIDED FOR APPLE PAY LATER; AND (IV) THAT YOU ARE EXERCISING YOUR RIGHT TO REJECT THIS

ARBITRATION PROVISION (A "REJECTION NOTICE"). YOUR REJECTION NOTICE MUST BE RECEIVED WITHIN 30 DAYS AFTER

THE DATE YOU ENTERED THESE APPLE PAY LATER TERMS. IF YOUR REJECTION NOTICE COMPLIES WITH THESE

REQUIREMENTS, THIS ARBITRATION PROVISION WILL NOT APPLY TO YOU, EXCEPT FOR ANY CLAIMS SUBJECT TO

PENDING LITIGATION OR ARBITRATION AT THE TIME YOU SEND YOUR REJECTION NOTICE. REJECTION OF THE

ARBITRATION PROVISION WILL NOT AFFECT YOUR OTHER RIGHTS OR RESPONSIBILITIES UNDER THIS ARBITRATION

PROVISION OR THESE APPLE PAY LATER TERMS.

DEFINITIONS

For purposes of this arbitration provision, the term "Claim" means any claim, dispute, or controversy (whether based upon contract;

tort, intentional or otherwise; constitution; statute; common law; or equity and whether pre-existing, present or future), including initial

claims, counter-claims, cross-claims, and third-party claims, arising from or relating to: (i) these Apple Pay Later Terms and any

Services that may be offered to you through Apple Pay Later, including any Loans you may request and any Loan Agreements that

you may enter into with us, including the Direct Payments Service; (ii) your relationship with Apple ; (iii) any servicing of your Loan(s)

by our agents or service providers; (iv) advertisements, promotions or statements related to these Apple Pay Later Terms, any

Services that may be offered to you through Apple Pay Later, or any Loan; (v) credit bureau reporting or debt collection on or related

to any Loan; and (vi) your access to and use of a Loan from or using any products or services provided by Apple.

"You" and "your" mean each and every person who uses or accesses your Apple Pay Later program account and each and every

person who may receive Services offered through your Apple Pay Later program account, including each and every person who may

request a Loan or enter into any Loan Agreements through Apple Pay Later.

ARBITRATION

You or Apple may elect, without the other's consent, to resolve any Claim by individual binding arbitration unless the Claim has been

filed in court and trial has begun or final judgment has been entered. Even if a Claim is litigated in court, you or Apple may elect

arbitration of any Claim made by a new party or any Claim later asserted by a party in that or any related or unrelated lawsuit. You or

Apple may also elect arbitration of a Claim that the parties initially opted to litigate in court if that Claim is later modified (including to be

asserted on a class, representative or multi-party basis or to seek different or additional relief).

Notwithstanding the foregoing, only a court and not an arbitrator may decide any dispute or controversy about the validity,

enforceability, coverage or scope of this arbitration provision, all of which are for a court and not an arbitrator to decide. However,

disputes or controversies about the validity or enforceability of these Apple Pay Later Terms as a whole are for the arbitrator and not a

court to decide.

JAMS (1-800-352-5267, jamsadr.com) will serve as the default arbitration administrator. Claims may also be referred to the

American Arbitration Association ("AAA") (1-800-778-7879, adr.org). You may obtain copies of the current rules, forms, and

instructions for initiating an arbitration directly from JAMS or the AAA. Claims may also be referred to another arbitration

administrator, if you and Apple agree in writing, or to an arbitrator appointed pursuant to Section 5 of the Federal Arbitration Act, 9

U.S.C. §§ 1-16 (the "FAA"). You and Apple agree that any arbitration proceedings initiated hereunder shall be kept confidential.

OTHER CLAIMS SUBJECT TO ARBITRATION

In addition to Claims made by or against either you or Apple, Claims made by or against anyone connected with you or Apple or

claiming through you or Apple (including any employee, agent, representative, affiliated company, predecessor or successor, heir,

assignee or trustee in bankruptcy) are subject to arbitration as described herein.

EXCEPTIONS

Apple agrees not to invoke the right to arbitrate any individual Claim you bring in small claims court or an equivalent court with

jurisdiction so long as the Claim is pending only in that court.

v.1.1

Page 9/14

INDIVIDUAL CLAIMS ONLY

Claims may be submitted to arbitration on an individual basis only. Claims subject to this arbitration provision may not be joined

or consolidated in arbitration with any Claim of any other person or be arbitrated on a class basis, in a representative

capacity on behalf of the general public, or on behalf of any other person, unless otherwise agreed to by the parties in

writing. Claims by or against corporate affiliates will be considered a single claim. The arbitrator has no authority to award any relief

not available in an individual action in court or award any declaratory, injunctive or other relief primarily for the benefit of the general

public. Further, unless you and Apple both otherwise agree in writing, the arbitrator may award relief only in favor of your individual

Claim. The arbitrator may not award relief for or against any other person, whether directly or indirectly.

PROCEDURE

A single arbitrator will resolve the Claims. The arbitrator will be a lawyer with at least ten (10) years of experience who is a former or

retired judge and will be selected by the parties; provided, however, that if the parties are unable to agree upon an arbitrator within

seven (7) days after delivery of the demand for arbitration, then the arbitrator will be appointed by the arbitration administrator. The

arbitration shall comply with the arbitration administrator's rules (the Streamlined Arbitration Rules for JAMS and the Consumer

Arbitration Rules for AAA) in effect on the date the arbitration is filed, except where there is a conflict or inconsistency between the

arbitration administrator's rules and procedures and this arbitration provision, in which case this arbitration provision will govern. The

arbitration will be conducted in English unless the parties otherwise agree in writing. Any in-person arbitration hearing for a Claim will

take place within the federal judicial district in which you live or at such other reasonably convenient location as agreed by the parties.

The arbitrator will apply applicable substantive law consistent with the FAA and will honor all claims of privilege and confidentiality

recognized at law. All statutes of limitations that would otherwise be applicable will apply to any arbitration proceeding. The arbitrator

will not apply any federal or state rules of civil procedure or evidence in matters relating to evidence or discovery. Except as otherwise

provided in this arbitration provision, the arbitrator will be empowered to grant whatever relief would be available in court under law or

in equity. Any appropriate court may enter judgment upon the arbitrator's award. This arbitration provision is made pursuant to a

transaction involving interstate commerce and is governed by the FAA.

ADDITIONAL ARBITRATION AWARD; ATTORNEYS' FEES

If Apple makes a final written settlement offer before the arbitrator is selected and the arbitrator rules in your favor for an amount

greater than that final offer, or if Apple does not make a final written settlement offer before the arbitrator is selected and the arbitrator

rules in your favor on the merits of your Claim, the arbitrator's award will include: (1) any money to which you are entitled, but in no

case less than $10,000; (2) twice the amount of your reasonable attorneys' fees, or the amount of attorneys' fees to which you are

entitled under applicable law, whichever is greater; and (3) your costs and expert and other witness fees. If Apple prevails in

arbitration, Apple will not be entitled to recover our attorneys' fees even when permitted to do so under applicable law.

ARBITRATION FEES

Apple will pay any arbitration fees (including the arbitrator's fees and any filing, administrative, hearing or other fees charged by the

arbitration administrator) in connection with any Claims. You will be responsible for any other costs that you incur in connection with

any Claim unless applicable law provides otherwise. Any arbitration award will apply only to the specific case and cannot be used in

any other case except to enforce the award.

SURVIVAL

This arbitration provision shall survive termination of these Apple Pay Later Terms, payment of all amounts due pursuant to any Loan

Agreement, the termination of access to Apple Pay Later or the termination of any Loan, any legal proceeding to collect amounts due,

any bankruptcy and any assignment or sale of this Agreement, any Loan Agreement, any Loan or any and all rights thereunder. In the

case of an assignment or sale of these Apple Pay Later Terms, any Loan Agreement, your Loan or any and all rights thereunder, the

buyer will be bound by and may enforce the terms of this arbitration provision. If any portion of this arbitration provision is deemed

invalid or unenforceable, it will not invalidate the remaining provisions of this arbitration provision or these Apple Pay Later Terms,

except that if any part of the "Individual Claims Only" provision is found in a court proceeding to be invalid or otherwise unenforceable

with respect to a Claim (and that determination becomes final after all appeals have been exhausted), then this arbitration provision

(except for this sentence) will not apply to that Claim.

EFFECTIVE DATE

Effective July 1, 2022 to present.

v.1.1

Page 10/14

Additional Disclosures

This section provides notices that may be required by state law but may not

describe all rights that you may have under state or federal law. Unless otherwise

indicated, each notice applies only to borrowers who are residents of the indicated

state on the date of each Loan application.

California Residents: If we take any adverse action as defined by § 1785.3 of the California Civil Code and the adverse action is

based, in whole or in part, on any information contained in a consumer credit report, you have the right to obtain within 60 days a free

copy of your consumer credit report from the consumer reporting agency who furnished the consumer credit report and from any

other consumer credit reporting agency that complies and maintains files on consumers on a nationwide basis. You have the right

under § 1785.16 of the California Civil Code to dispute the accuracy or completeness of any information in a consumer credit report

furnished by the consumer credit reporting agency. You may, if married, apply for a separate account.

Any Loan by Apple Financing LLC is made pursuant to the California Finance Lenders Law, Division 9 (commencing with Section

22000) of the Financial Code. FOR INFORMATION CONTACT THE DEPARTMENT OF FINANCIAL

PROTECTION AND INNOVATION, STATE OF CALIFORNIA. Please note that, other than a down payment, the first

payment due will not be due for a minimum of 15 days after your loan is made.

New York Residents: A credit bureau report may be requested in connection with your application for a Loan. At your request, we will

tell you whether or not a credit bureau report was obtained and, if so, the name and address of the credit bureau that furnished the

report. We may also request credit bureau reports from time to time in connection with any update, renewal or extension of the credit

account, whenever we believe that such action is appropriate.

North Dakota: NOTICE: MONEY BROKERS ARE LICENSED AND REGULATED BY THE DEPARTMENT OF FINANCIAL

INSTITUTIONS, 2000 SCHAFER STREET, SUITE G, BISMARCK, NORTH DAKOTA 58501-1204. THE DEPARTMENT OF

FINANCIAL INSTITUTIONS HAS NOT PASSED ON THE MERITS OF THE CONTRACT AND LICENSING DOES NOT CONSTITUTE

AN APPROVAL OF THE TERMS OR OF THE BROKER'S ABILITY TO ARRANGE ANY LOAN. COMPLAINTS REGARDING THE

SERVICES OF MONEY BROKERS SHOULD BE DIRECTED TO THE DEPARTMENT OF FINANCIAL INSTITUTIONS.

Rhode Island: Apple Financing LLC is a Rhode Island Licensed Small Loan Lender.

All Residents. You promise us that you are not planning to file bankruptcy at the time of your application for a Loan.

DIRECT PAYMENTS PRIVACY NOTICE

This Privacy Notice describes how Apple Payments Inc. ("we," "us," and "our") collects and shares your personal information. This

Privacy Notice applies only to your use of services provided by Apple Payments Inc., and does not apply to any other product or

service that you may obtain from Apple Inc. or its affiliates or subsidiaries.

v.1.1

Page 11/14

Facts

WHAT DOES APPLE PAYMENTS INC. DO WITH YOUR PERSONAL INFORMATION?

Why?

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some, but

not all, sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read

this notice carefully to understand what Apple Payments Inc. does.

What?

The types of personal information Apple Payments Inc. collects and shares depend on the product or service you have with us.

This information can include:

• account balances

• account transactions and purchase history

• transaction history and payment history

When you are no longer our customer, we continue to share your information as described in this notice.

How?

All financial companies need to share customersʼ personal information to run their everyday business. In the section below, we list

the reasons financial companies can share their customersʼ personal information; the reasons Apple Payments Inc. chooses to

share; and whether you can limit this sharing.

Reasons Apple Payments Inc. can share your personal information

For Apple Payments Inc.ʼs everyday business purposes: such as to process your transactions, maintain your account(s),

respond to court orders and legal investigations, or report to credit bureaus.

Does Apple Payments Inc. share? Yes

Can you limit sharing? No

For Apple Payments Inc.'s marketing purposes: to offer our products and services to you

For Apple Payments Inc.ʼs marketing purposes: to offer our

products and services to you

Can you limit sharing? We donʼt share

For joint marketing with other financial companies