Cash App Afterpay on Cash App Card Security Interest Agreement

Effective Date: January 21, 2026

By agreeing to this Security Interest Agreement, you authorize First Electronic Bank, Square Capital, LLC, any assignee of your loan, or any service provider of either (collectively, “we” or “us”) to initiate payments for your loan automatically from any money stored in your Cash App account (“Cash App Balance”) under the terms of your Loan Agreement with us. You also hereby agree to grant us a security interest in your Cash App Balance under the terms of this agreement.

Security Interest in Your Cash App Balance

We may: (a) pull funds from your Cash App Balance to make any payments on any loan to us, (b) transfer the Cash App Balance to us in order to pay any amounts owed to us, and (c) exercise ownership rights on the Cash App Balance in the event of default. You waive any right to require us to: (a) take action against you prior to exercising these rights; (b) proceed against or exhaust any security held under this Security Interest Agreement; or (c) pursue any other remedy in our power prior to exercising our rights. We may, without prior notice, and from time to time: (a) take and hold security of your Cash App Balance for payment of any debt to us under the terms of your Loan Agreement, (b) enforce, exchange and release the security in any manner that we determine is proper; and (c) increase or lower the amount of funds available to you for future loans including making you ineligible for future loans. No such action will change the fact that we retain a security interest in your Cash App Balance for payment of any debts owed to us on your loan.

Defaults

We may, without prior notice, declare you in default  if you meet any of the default conditions set forth in your Loan Agreement. If you default, we may declare any amounts owed to us immediately due and payable. In this event, we may exercise all the rights of an owner of the Cash App Balance. 

Enforcement

Upon any default, we are authorized to act as owner of the Cash App Balance and to apply all or any portion to: (a) our costs in enforcing our rights; and (b) any principal, interest or fees owed to us. You represent that no insolvency proceeding or general assignment for creditors is pending that would affect our security interest. If we waive or delay exercising a right, it does not forfeit that right or any others. Until any amounts owed to us are fully repaid, and you have no further obligations under this Agreement, you will subordinate in favor of us any right of subrogation and any right to enforce a remedy related to the amounts owed to us.