Company: AFRM
Filing Date: 2025-02-28
Form Type: 424B7
Source: 0001820953-25-000029
Chunk: 4

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-28
Form: 424B7
Chunk 4
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, 2024 (the “Second Amendment”), the Third Amendment, dated as of April 4, 2024 (the “Third Amendment”), and the Fourth Amendment, dated as of October 25, 2024 (the “Fourth Amendment,” and collectively with the Original Commercial Agreement, the First Amendment, the Second Amendment, the Third Amendment, and the Fourth Amendment, the “Commercial Agreement”). Pursuant to the terms of the Commercial Agreement, Affirm, Inc. will make its closed-end installment loan products available to eligible consumers on Amazon.com, and through the Amazon Pay widget on certain third-party retailer online channels.

Pursuant to the terms of the Commercial Agreement, eligible merchants that make Affirm, Inc.’s products and services available to their consumers through the Amazon Pay widget will be charged certain fees on certain transactions, as set forth in the Commercial Agreement. The amount of such fees generally will be equal to a percentage of the amount of each transaction financed through Affirm, Inc.’s products and services through the Amazon Pay widget on a third-party merchant online channel. In addition, with respect to certain transactions on Amazon.com financed through Affirm, Inc.’s products and services, the selling securityholder will pay Affirm, Inc. a fee that will be generally equal to a percentage of the amount of each transaction financed through Affirm, Inc.’s products and services on Amazon.com plus, in certain instances, a fixed amount as set forth in the Commercial Agreement.

The Commercial Agreement had an initial term ending on January 31, 2025 (the “Initial Term”). The term was extended for an additional one-year term and will continue to be extended for successive one-year terms unless either party provides notice not to extend (each, an “Extension Term” and all such Extension Terms collectively with the Initial Term, the “Term”). In addition, upon the occurrence of certain early termination events, either Affirm, Inc. or the selling securityholder may terminate the Commercial Agreement immediately upon notice to the other party.

The foregoing includes only a brief description of the material terms of the Commercial Agreement and does not purport to be a complete description of the rights and obligations of the parties thereunder, and such descriptions are qualified in their entirety by reference to the full text of the Original Commercial Agreement, the First Amendment, the Second Amendment, the Third Amendment and the Fourth Amendment, which are attached as Exhibit 10.1 to the Company’s Form 8-K dated November 10, 2021, Exhibit 10.2