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It is locked until you activate it, then it will be unlocked via Google within 24 hours. I assume the 2 contracts are the financing agreement through Best Buy and the Payment Plan through Verizon. It is not going to say anything about paying it off early, but you are able to very easily after you activate on Verizon go to your My Verizon account and you can pay it off.
Sorry, there was a problem. Please try again later.When I go on the Verizon website it says my payoff is $400. So it does look like you can pay it off early.
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