Common use of OWNED ACCOUNT Clause in Contracts

OWNED ACCOUNT. If you share the Account with any Co-Owner, your Account is a “Co-Owned Account.” The following provisions apply if the Account is a Co-Owned Account: • Each Co-Owner is jointly and severally responsible for paying us all amounts due on the Account, even if one Co-Owner is unable or unwilling to pay. • Unless otherwise required by law, we may contact any Co-Owner individually about the Account and any notice or communication from us will be effective for the Account when provided to any Co-Owner. • Any Co-Owner's requests and instructions will apply to the Account. Any instruction or consent provided by a Co-Owner may be applied to the Account and will be applicable to all Co-Owners and may affect all Participants. For example, we will honor a Co- Owner's requests to increase the Credit Limit (if the Account is eligible), add a Participant, redeem Daily Cash, request Account information, update information provided to us, receive a credit balance refund, and exercise any other rights under this Agreement. If we receive different or inconsistent requests or instructions from Co-Owners, we may accept or reject any request or instruction from any Co-Owner in our sole discretion. We may also choose to not obtain consent from all Co-Owners. • Co-Owners may have access to information about each other’s use of the Account. If you used the Account as an individual before sharing it as a Co-Owned Account, that information will also be available to any Co-Owner. For example, Co-Owners may receive information about your Transaction history, payment activity, Payment Source Accounts, disputes, participation in relief opportunities provided by us, and what we have reported to credit bureaus. Co-Owners may also access any Monthly Statement or other document relating to the Account (for example, historical information and Monthly Statements about a Co-Owner's individual Apple Card account before they agreed to a Co-Owned Account). • Each Co-Owner agrees that the other Co-Owner on the Account is their agent. Each Co-Owner also agrees to be the agent of the other Co-Owner on the Account. Each Co-Owner has full authority to make payments on each other Co-Owner's behalf from each Co-Owner's Payment Source Account. Each Co-Owner also agrees that we may rely upon any Co-Owner’s instructions with respect to the time and amount of an authorized payment. • DO NOT ADD A PAYMENT SOURCE ACCOUNT IF YOU DO NOT WANT YOUR CO-OWNER TO AUTHORIZE PAYMENTS FROM SUCH ACCOUNT ON YOUR BEHALF. • A Co-Owner may not remove themselves or any Co-Owner from a Co-Owned Account. However, a Co-Owner may request to close the Co-Owned Account and then request a new individual account, subject to our eligibility criteria in effect at the time. If a Co-Owner obtains a separate account, the Co-Owned Account will be closed. Co-Owners will remain responsible for any balances owed on the closed Co-Owned Account. • The information about the Account that we report to credit bureaus will be reported for each Co-Owner as well as Participants if they are being reported on the Account. • When the Account is first shared as a Co-Owned Account, you agree and understand that we may continue to process any recurring payments you have authorized from your Payment Source Account(s) and that the sharing of the Account has no impact on any existing payment authorization. We may also choose to terminate any or all existing payment authorizations. If both Co- Owners have recurring payment authorizations in effect at the time the Account is first shared as a Co-Owned Account, you agree that we may choose to keep one Co-Owner’s payment authorization in effect and terminate the other Co-Owner’s payment authorization. If we do so, we may also choose which Co-Owner’s payment authorization will remain in effect and which Co-Owner’ s payment authorization will terminate. We will provide notice to each Co-Owner of this decision when the Account is shared as a Co-Owned Account. You understand that you have the right to receive at least 10 days’ notice before we process any payment from your Payment Source Account if the payment varies in amount from the preauthorized amount or from the most recent payment made. If you have authorized recurring payments in the amount of your Account’s Minimum Payment Due or the Monthly Balance, you agree that we need not provide you such notice for the first payment that is initiated from your Payment Source Account after your Account is shared as a Co-Owned Account if the amount of such payment is between $0 and the Monthly Balance due on your Account before it was shared as a Co-Owned Account, as shown on the Monthly Statement issued before your Account is shared. In no instance will this payment be more than the Monthly Balance due on your Account before it was shared as a Co-Owned Account, as shown on the Monthly Statement issued before your Account is shared. PARTICIPANT ELIGIBILITY In order to be a Participant, a person must: • Be at least 13 years of age or older; • Be a citizen or lawful resident of the United States; • Have an Apple ID associated with an iCloud account that is in good standing with Apple; • Have a valid email address associated with the Apple ID; • Have Apple’s two-factor authentication turned on for the Apple ID; and • Have an Apple device that has a version of iOS or iPadOS that supports the use of the Account and sharing your Account, has internet access, has a passcode enabled, and is associated with the Apple ID. We may ask you to provide identifying information about the person you would like to add as a Participant. You must have authority or permission from a Participant to share that information with us and if you share such information you are representing that you do.

OWNED ACCOUNT. If you share the Account with any Co-Owner, your Account is a “Co-Owned Account.” The following provisions apply if the Account is a Co-Owned Account: • Each Co-Owner is jointly and severally responsible for paying us all amounts due on the Account, even if one Co-Owner is unable or unwilling to pay. • Unless otherwise required by law, we may contact any Co-Owner individually about the Account and any notice or communication from us will be effective for the Account when provided to any Co-Owner. • Any Co-Owner's requests and instructions will apply to the Account. Any instruction or consent provided by a Co-Owner may be applied to the Account and will be applicable to all Co-Owners and may affect all Participants. For example, we will honor a Co- Owner's requests to increase the Credit Limit (if the Account is eligible), add a Participant, redeem Daily Cash, request Account information, update information provided to us, receive a credit balance refund, and exercise any other rights under this Agreement. If we receive different or inconsistent requests or instructions from Co-Owners, we may accept or reject any request or instruction from any Co-Owner in our sole discretion. We may also choose to not obtain consent from all Co-Owners. • Co-Owners may have access to information about each other’s use of the Account. If you used the Account as an individual before sharing it as a Co-Owned Account, that information will also be available to any Co-Owner. For example, Co-Owners may receive information about your Transaction history, payment activity, Payment Source Accounts, disputes, participation in relief opportunities provided by us, and what we have reported to credit bureaus. Co-Owners may also access any Monthly Statement or other document relating to the Account (for example, historical information and Monthly Statements about a Co-Owner's individual Apple Card account before they agreed to a Co-Owned Account). • Each Co-Owner agrees that the other Co-Owner on the Account is their agent. Each Co-Owner also agrees to be the agent of the other Co-Owner on the Account. Each Co-Owner has full authority to make payments on each other Co-Owner's behalf from each Co-Owner's Payment Source Account. Each Co-Owner also agrees that we may rely upon any Co-Owner’s instructions with respect to the time and amount of an authorized payment. • DO NOT ADD A PAYMENT SOURCE ACCOUNT IF YOU DO NOT WANT YOUR CO-OWNER TO AUTHORIZE PAYMENTS FROM SUCH ACCOUNT ON YOUR BEHALF. • A Co-Owner may not remove themselves or any Co-Owner from a Co-Owned Account. However, a Co-Owner may request to close the Co-Owned Account and then request a new individual account, subject to our eligibility criteria in effect at the time. If a Co-Owner obtains a separate account, the Co-Owned Account will be closed. Co-Owners will remain responsible for any balances owed on the closed Co-Owned Account. • The information about the Account that we report to credit bureaus will be reported for each Co-Owner as well as Participants if they are being reported on the Account. • When the Account is first shared as a Co-Owned Account, you agree and understand that we may continue to process any recurring payments you have authorized from your Payment Source Account(s) and that the sharing of the Account has no impact on any existing payment authorization. We may also choose to terminate any or all existing payment authorizations. If both Co- Owners have recurring payment authorizations in effect at the time the Account is first shared as a Co-Owned Account, you agree that we may choose to keep one Co-Owner’s payment authorization in effect and terminate the other Co-Owner’s payment authorization. If we do so, we may also choose which Co-Owner’s payment authorization will remain in effect and which Co-Owner’ s ’s payment authorization will terminate. We will provide notice to each Co-Owner of this decision when the Account is shared as a Co-Owned Account. You understand that you have the right to receive at least 10 days’ notice before we process any payment from your Payment Source Account if the payment varies in amount from the preauthorized amount or from the most recent payment made. If you have authorized recurring payments in the amount of your Account’s Minimum Payment Due or the Monthly Balance, you agree that we need not provide you such notice for the first payment that is initiated from your Payment Source Account after your Account is shared as a Co-Owned Account if the amount of such payment is between $0 and the Monthly Balance due on your Account before it was shared as a Co-Owned Account, as shown on the Monthly Statement issued before your Account is shared. In no instance will this payment be more than the Monthly Balance due on your Account before it was shared as a Co-Owned Account, as shown on the Monthly Statement issued before your Account is shared. PARTICIPANT ELIGIBILITY In order to be a Participant, a person must: • Be at least 13 years of age or older; • Be a citizen or lawful resident of the United States; • Have an Apple ID associated with an iCloud account that is in good standing with Apple; • Have a valid email address associated with the Apple ID; • Have Apple’s two-factor authentication turned on for the Apple ID; and • Have an Apple device that has a version of iOS or iPadOS that supports the use of the Account and sharing your Account, has internet access, has a passcode enabled, and is associated with the Apple ID. We may ask you to provide identifying information about the person you would like to add as a Participant. You must have authority or permission from a Participant to share that information with us and if you share such information you are representing that you do.

OWNED ACCOUNT. If you share the Account with any Co-Owner, your Account is a “Co-Owned Account.” The following provisions apply if the Account is a Co-Owned Account: • Each Co-Owner is jointly and severally responsible for paying us all amounts due on the Account, even if one Co-Owner is unable or unwilling to pay. • Unless otherwise required by law, we may contact any Co-Owner individually about the Account and any notice or communication from us will be effective for the Account when provided to any Co-Owner. • Any Co-Owner's requests and instructions will apply to the Account. Any instruction or consent provided by a Co-Owner may be applied to the Account and will be applicable to all Co-Owners and may affect all Participants. For example, we will honor a Co- Owner's requests to increase the Credit Limit (if the Account is eligible), add a Participant, redeem Daily Cash, request Account information, update information provided to us, receive a credit balance refund, and exercise any other rights under this Agreement. If we receive different or inconsistent requests or instructions from Co-Owners, we may accept or reject any request or instruction from any Co-Owner in our sole discretion. We may also choose to not obtain consent from all Co-Owners. • Co-Owners may have access to information about each other’s use of the Account. If you used the Account as an individual before sharing it as a Co-Owned Account, that information will also be available to any Co-Owner. For example, Co-Owners may receive information about your Transaction history, payment activity, Payment Source Accounts, disputes, participation in relief opportunities provided by us, and what we have reported to credit bureaus. Co-Owners may also access any Monthly Statement or other document relating to the Account (for example, historical information and Monthly Statements about a Co-Owner's individual Apple Card account before they agreed to a Co-Owned Account). • Each Co-Owner agrees that the other Co-Owner on the Account is their agent. Each Co-Owner also agrees to be the agent of the other Co-Owner on the Account. Each Co-Owner has full authority to make payments on each other Co-Owner's behalf from each Co-Owner's Payment Source Account. Each Co-Owner also agrees that we may rely upon any Co-Owner’s instructions with respect to the time and amount of an authorized payment. • DO NOT ADD A PAYMENT SOURCE ACCOUNT IF YOU DO NOT WANT YOUR CO-OWNER TO AUTHORIZE PAYMENTS FROM SUCH ACCOUNT ON YOUR BEHALF. • A Co-Owner may not remove themselves or any Co-Owner from a Co-Owned Account. However, a Co-Owner may request to close the Co-Owned Account and then request a new individual account, subject to our eligibility criteria in effect at the time. If a Co-Owner obtains a separate account, the Co-Owned Account will be closed. Co-Owners will remain responsible for any balances owed on the closed Co-Owned Account. • The information about the Account that we report to credit bureaus will be reported for each Co-Owner as well as Participants if they are being reported on the Account. • When the Account is first shared as a Co-Owned Account, you agree and understand that we may continue to process any recurring payments you have authorized from your Payment Source Account(s) and that the sharing of the Account has no impact on any existing payment authorization. We may also choose to terminate any or all existing payment authorizations. If both Co- Owners have recurring payment authorizations in effect at the time the Account is first shared as a Co-Owned Account, you agree that we may choose to keep one Co-Owner’s payment authorization in effect and terminate the other Co-Owner’s payment authorization. If we do so, we may also choose which Co-Owner’s payment authorization will remain in effect and which Co-Owner’ s ’s payment authorization will terminate. We will provide notice to each Co-Owner of this decision when the Account is shared as a Co-Owned Account. You understand that you have the right to receive at least 10 days’ notice before we process any payment from your Payment Source Account if the payment varies in amount from the preauthorized amount or from the most recent payment made. If you have authorized recurring payments in the amount of your Account’s Minimum Payment Due or the Monthly Balance, you agree that we need not provide you such notice for the first payment that is initiated from your Payment Source Account after your Account is shared as a Co-Owned Account if the amount of such payment is between $0 and the Monthly Balance due on your Account before it was shared as a Co-Owned Account, as shown on the Monthly Statement issued before your Account is shared. In no instance will this payment be more than the Monthly Balance due on your Account before it was shared as a Co-Owned Account, as shown on the Monthly Statement issued before your Account is shared. PARTICIPANT ELIGIBILITY In order to be a Participant, a person must: • Be at least 13 years of age or older; • Be a citizen or lawful resident of the United States; • Have a residential address in the United States (which includes US military addresses); • Have an Apple ID associated with an iCloud account that is in good standing with Apple; • Have a valid email address associated with the Apple ID; • Have Apple’s two-factor authentication turned on for the Apple ID; and • Have an Apple device that has a version of iOS or iPadOS that supports the use of the Account and sharing your Account, has internet access, has a passcode enabled, and is associated with the Apple ID; and • Not have Savings. We may ask you to provide identifying information about the person you would like to add as a Participant. You must have authority or permission from a Participant to share that information with us and if you share such information you are representing that you do.