This Loan is Paid in Full

PayPal Pay in 4 Loan Agreement

Purchaser

Jesus Hernandez
9874 La Morenita Cir
El Paso, TX 79927-2542

Lender

PayPal, Inc.(“PayPal”)
2211 North First Street
San Jose, California 95131

Loan Date

07/04/2024

Reference ID

134f8361-49f8-4397-8bad-bde5feb53e9f

Payment Schedule (e)

Due Today (Down Payment)

07/04/2024 $171.82

Future Payment Schedule

Due date Amount due

07/19/2024 $171.81
08/03/2024 $171.81
08/18/2024 $171.82

(e) means estimate: If you authorize a merchant to add taxes, fees, charges, or additional items to your
purchase after you have applied for your Pay in 4 loan, the amount will increase the total amount and we’ll
email you an updated Payment Schedule.

Key Information
Interest Rate (APR)
0%

Total Purchase Amount

$687.26

Loan Amount (borrowed, excluding down payment)

$515.44

Late Fees

None

Prepayment Penalty

None

Security Interest

None

Down Payment Authorization

Your successful Down Payment is a condition of this Loan. If the payment method you designate for your
Down Payment at the time of application is rejected or fails, your application for PayPal Pay in 4 will be
declined and you will be asked to choose a different method of payment for your purchase. We will also
send you an email explaining why you were declined.

If your Down Payment is returned by your financial institution or fails for any other reason after you use
your Pay in 4 loan to make a purchase, you authorize us to charge or debit your designated payment method
for the amount of the returned or failed Down Payment.

Loan Agreement terms

By applying for Pay in 4 (“Pay in 4”), you (Purchaser provided above) agree to these terms (“Agreement”),
which are a contractual agreement between you and PayPal, Inc (also referred to as “we,” “us,” and “our”).
This Agreement governs your Pay in 4 loan. You must be a resident of the United States, Puerto Rico, or the
U.S. Territories and at least 18 years old to apply for or receive a Pay in 4 loan. Each time you choose Pay in
4 to make a purchase, you are applying for a new Pay in 4 loan. Each Pay in 4 loan will be subject to the
Agreement in effect at the time the loan is made. You should download this Agreement and keep it for your
records.

This Agreement is subject to the Agreement to Arbitrate in your PayPal User Agreement, which
includes a Prohibition of Class and Representative Actions and Non-Individualized Relief pursuant to
which you agreed to waive your rights to participate in a class action lawsuit against us.

How Pay in 4 Works

When you use Pay in 4 to make a purchase from a merchant, we will pay the merchant and you agree to pay
us the total amount of your purchase, including any taxes, delivery charges, service fees, other add-on
charges and additional items added to that purchase by the merchant. The total amount that you owe is your
“Loan Amount.” The Loan Amount excludes the Down Payment amount.

Some merchants may allow you to add taxes, fees, charges, or additional items to your purchase after you
have applied for your Pay in 4 loan, including expedited delivery charges, service fees, and product add-ons
(such as warranties). If you authorize any additional amount to be added to your purchase after you select
Pay in 4, that amount will be added to your Loan Amount and will increase the total amount that you owe to
us. We’ll email you an updated Payment Schedule when that happens and you'll see that amount divided
across your payments.

Promise to Pay

You promise to pay the Loan Amount to us for all amounts owed to us under this Agreement in accordance
with the Payment Schedule we disclose to you. Your Loan Amount and Payment Schedule may be updated
in accordance with this Agreement.

You also promise to pay us for the amount of the Down Payment if the Down Payment or any portion of it is
returned by your financial institution or fails for any other reason. You agree that the unpaid amount of the
returned or failed Down Payment may be added to your Loan account balance and be subject to the terms of
this Agreement.

Your Payment Schedule

You agree to the Payment Schedule estimated above, as updated from time to time. We’ll provide you with
your updated Payment Schedule when you make your purchase and we approve your Pay in 4 loan. We’ll
also email you your Payment Schedule once your merchant confirms your order with us and it will be
available to view on www.paypal.com. You are unable to modify your payment schedule, but you can make
an additional payment(s) in advance of your due date at any time without penalty.

Your Payment Schedule will include:

• Down Payment: At the time you make your purchase, you will make your Down Payment. This
payment is due at the time you make your purchase and will be charged to your designated payment
method
• Future Payments - First, Second and Third Payment: You will pay the remainder of your Loan
Amount to us over three additional installment payments every 15 days from the date the merchant
processes your order. Your Payment Schedule will include the amounts and due dates for each of
these payments.
• Total Purchase Amount: This is your total Loan Amount, plus the Down Payment. It will be equal to
the total amount of your three payments, plus the Down Payment, and shows you the entire amount
that you will pay to us once you have made all of your scheduled payments.

Refunds and Adjustments to your Loan Amount

If the merchant provides a full refund of your transaction, we will credit your Loan account if it is still open.
We will refund any amounts you have paid to your linked PayPal Balance account or your PayPal account if
you do not have a PayPal Balance account. If your Loan account is no longer open, the amount refunded
will be deposited into your PayPal Balance account or PayPal account.

If the merchant provides a partial refund or any other credit for your transaction, we will credit your Loan
account by that amount. Any amount in excess of the balance owed on the Loan account will be refunded to
your linked PayPal Balance account or your PayPal account if you do not have a PayPal Balance account.
Your scheduled payment amounts will not change due to a partial refund. A partial refund may reduce the
number of remaining payments or the amount of the final payment.
Sometimes the merchant does not provide us with enough information so that we can identify a specific
Loan account. If this happens, we will refund the amount we receive from the merchant to your linked
PayPal Balance account or PayPal account. This means your Loan account will not be credited with the
refunded amount. You will remain responsible for repaying this Loan.

You agree that all cancellations and returns are subject to the merchant's standard policies and procedures in
effect when you made the purchase with your Loan. You also agree we are not responsible for the
merchant’s actions or inactions.

Late Payments

If we are unable to charge your selected payment method for any Future Payment, and you did not make a
one-time payment to cover the amount owed, this will be deemed a Late Payment. You will not be assessed
a Late Fee for a Late Payment.

How Payments are Allocated

Any repayment made on your Pay in 4 plan will be allocated in the following order:

1. Down Payment amount if it is returned or fails after you have made your purchase with your Pay in 4
loan;
2. Past due installments (oldest first);
3. Current installment due, if any;
4. Next installment due, if any;
5. Last installment due

Disputes Resolution

You may dispute an eligible purchase funded by Pay in 4 on paypal.com through the Resolution Center. You
can learn more about PayPal’s Purchase Protection Program here.

Information About You

Consent to Communications

You agree that we and our affiliates may contact you at the mobile number(s) you provide to us using
autodialed or prerecorded message calls or text messages to: (i) service your Pay in 4 accounts, (ii)
investigate or prevent fraud, or (iii) collect a debt. We will not use autodialed or prerecorded message calls
or texts to contact you for marketing purposes unless we receive your prior express written consent. We may
share your mobile phone number with service providers with whom we contract to assist us with the
activities listed above, but we will not share your mobile phone number with third parties for their own
purposes without your consent. You do not have to agree to receive autodialed or prerecorded message calls
or texts to your mobile phone number in order to use and enjoy the Pay in 4 product. You can decline to
receive autodialed or prerecorded message calls or texts to your mobile phone number in several ways,
including in your PayPal account settings at www.paypal.com, by contacting customer support or by calling
us at 1-844-629-9108. Standard telephone minute and text charges may apply.

Address/Phone Change

You represent that any phone number that you provide to us belongs to you and/or that you are authorized to
provide that number. You also agree to tell us right away if you change your address (mailing or email) or
any phone number associated with your account.

Telephone Monitoring
For quality control, you allow us to listen to and/or record telephone calls between you and us.

Important Information About Your Account

Default

You are in default if a payment is returned or insufficient or if you make a Late Payment, do not follow any
other term of this Agreement, supply false, misleading or incorrect Information to us or become bankrupt or
insolvent. If you default or upon your death, we may, as permitted by law, (a) engage in collection activity,
including communicating with you, hiring a third party collection agency or taking legal action, to collect
amounts owed (b) debit your PayPal account to pay any amounts owed, (c) demand payment of the full
amount due right away, and/or (d) take any other action allowed. We may delay or refrain from enforcing
any rights without losing them.

Miscellaneous

Notices

Unless applicable law requires a different method, any notice provided to you regarding your Loan will be
provided to you in accordance with the PayPal Pay in 4 Electronic Communication Delivery Consent.

Assignment

You may not transfer or assign any rights or obligations you have under this Agreement without PayPal's
prior written consent. PayPal may transfer or assign this Agreement or any right or obligation under this
Agreement at any time.

Governing law

You agree that, except to the extent inconsistent with or preempted by federal law and except as otherwise
stated in this Agreement, the laws of the State of your residence at the time you signed this Agreement,
without regard to principles of conflict of laws, will govern this Agreement and any claim or dispute that has
arisen or may arise between you and PayPal.

No waiver

Our failure to act with respect to a breach of any of your obligations under this Agreement by you or others
does not waive our right to act with respect to subsequent or similar breaches.

Entire Agreement

This Agreement represents the entire agreement between you and us regarding the Loan and supersedes all
prior or contemporaneous communications or proposals, whether oral, written, or electronic with respect to
your loan request and this Loan. This Agreement may be modified only in writing.

State Disclosures