Material Agreement (Form 8-K)

Item 1.01 Entry Into a Material Definitive Agreement.

On January 15, 2026, Katapult Holdings, Inc. (the "Company") entered into the Limited Waiver (the "Seventh 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") and that certain Limited Waiver and Second Amendment to Amended and Restated Loan and Security Agreement dated December 11, 2025 (the "Second Amendment"), 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 Net Originations as of the last business day of the calendar month ended December 31, 2025 as required by the Loan Agreement. The Seventh Limited Waiver, among other things, permanently waives the Existing Default (as defined in the Seventh Limited Waiver).

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