Scott Buck

Anthony Chukumba

- Katapult Holdings, Inc. entered into a **Fifth Limited Waiver** on **October 27, 2025**, related to its Amended and Restated Loan and Security Agreement.  **[1785424_0000950103-25-013675_dp236339_8k.htm:1]** 
- The waiver addresses the company's failure to maintain **Minimum Trailing Three-Month Originations** of at least **$61,000,000** as of **August 31, 2025**, and **September 30, 2025**.  **[1785424_0000950103-25-013675_dp236339_8k.htm:1]** **[1785424_0000950103-25-013675_dp236339_ex1001.htm:1]** 
- This Fifth Limited Waiver temporarily waives the existing default until **October 29, 2025**.  **[1785424_0000950103-25-013675_dp236339_8k.htm:1]** **[1785424_0000950103-25-013675_dp236339_ex1001.htm:1]** 
- Despite the temporary waiver, the default is considered continuing for **Conversion Rights**, allowing Class B Lenders to convert up to **100% of the outstanding Term Loan** into common stock.  **[1785424_0000950103-25-013675_dp236339_8k.htm:1]** 
- The conversion would be based on the **20-day Volume Weighted Average Price (VWAP)**, which was approximately **$13.04** as of October 24, 2025.  **[1785424_0000950103-25-013675_dp236339_8k.htm:1]**

Katapult Holdings (KPLT)