Material Agreement (Form 8-K)

Item 1.01 Entry Into a Material Definitive Agreement.

On April 15, 2026, Katapult Holdings, Inc. (the "Company") entered into the Limited Waiver (the "Tenth Limited Waiver") to our Amended and Restated Loan and Security Agreement, dated as of June 12, 2025 (as amended, amended and restated, supplemented, revised, or otherwise modified from time to time, including pursuant to that certain Limited Waiver dated September 15, 2025 (the "First Limited Waiver"), that certain Limited Waiver dated September 29, 2025 (the "Second Limited Waiver"), that certain Limited Waiver dated October 13, 2025 (the "Third Limited Waiver"), that certain Limited Waiver dated October 20, 2025 (the "Fourth Limited Waiver"), that certain Limited Waiver dated October 27, 2025 (the "Fifth Limited Waiver"), that certain Limited Waiver dated October 29, 2025 (the "Sixth Limited Waiver"), that certain Limited Waiver and First Amendment to Amended and Restated Loan and Security Agreement dated November 2, 2025 (the "First Amendment"), that certain Limited Waiver and Second Amendment to Amended and Restated Loan and Security Agreement dated December 11, 2025 (the "Second Amendment"), that certain Limited Waiver dated January 15, 2026 (the "Seventh Limited Waiver"), that certain Limited Waiver dated February 13, 2026 (the "Eighth Limited Waiver"), that certain Limited Waiver dated March 9, 2026 (the "Ninth Limited Waiver") and the Tenth Limited Waiver, the "Loan Agreement"), by and among Katapult SPV-1 LLC, Katapult Group, Inc., the Company (each a "Credit Party" and, together, the "Credit Parties"), Midtown Madison Management LLC, as administrative, payment and collateral agent and lender, and the lenders party thereto (the "Lenders") in response to (i) the Credit Parties' failure to maintain Minimum Trailing Three-Month Net Originations as of the last business day of the calendar month ended March 31, 2026 as required by the Loan Agreement and (ii) the percentage of leases included in the collateral that have been charged-off exceeding certain thresholds. The Tenth Limited Waiver, among other things, permanently waives the Existing Default (as defined in the Tenth Limited Waiver) and any reduction to the Advance Rate resulting from the Existing Advance Rate Trigger Events (as defined in the Tenth Limited Waiver).

This description of the Tenth Limited Waiver does not purport to be complete, and is subject to and qualified in its entirety by reference to the full text of the Tenth Limited Waiver, which is attached as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference.