Material Agreement (Form 8-K)

Item 1.01 Entry Into a Material Definitive Agreement.

On September 15, 2025, Katapult Holdings, Inc. (the "Company") entered into the Limited Waiver (the "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, 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 the Credit Parties' failure to maintain Minimum Trailing Three-Month Origination as required by the Loan Agreement. The Limited Waiver, among other things, temporarily waived the Existing Default (as defined in the Limited Waiver) until September 29, 2025.

This description of the 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 Limited Waiver, which is attached as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference.