Item 1.02 Termination of a Material Definitive Agreement.

On March 4, 2022 (Hong Kong Time) / March 3, 2022 (Pacific Standard Time), Afterpay Limited ("Afterpay"), a wholly owned subsidiary of Block, Inc., redeemed 100% of the principal amount of the A$1.5 billion Zero Coupon Convertible Notes due 2026 (the "SGX Notes"), as a result of the election of the SGX Notes holders to require Afterpay to redeem the SGX Notes, pursuant to the terms of the trust deed (the "Trust Deed"), dated as of March 12, 2021, by and between Afterpay and the Hongkong and Shanghai Banking Corporation Limited as trustee. As a result of the redemption, Afterpay satisfied and discharged its obligations under the Trust Deed, subject to certain terms that survive termination.

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