# EDGAR Filing Document

**Accession Number:** 0001785424
**File Stem:** 0000950103-25-006977
**Filing Date:** 2025-6
**Character Count:** 42420
**Document Hash:** bfee98e7447e01be0606fbf1e8b1624d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-006977.hdr.sgml**: 20250604

**ACCESSION NUMBER**: 0000950103-25-006977

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250603

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250604

**DATE AS OF CHANGE**: 20250604

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Katapult Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001785424
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 842704291
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39116
- **FILM NUMBER:** 251021835

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS 11TH FL
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 2123701300

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS 11TH FL
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FinServ Acquisition Corp.
- **DATE OF NAME CHANGE:** 20190814

?xml version='1.0' encoding='ASCII'?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): June 3, 2025

**KATAPULT HOLDINGS, INC.** (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-39116** | **84-2704291** |
| (State or other jurisdiction<br> of incorporation) | (Commission File Number) | (IRS Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **5360 Legacy Drive, Building 2<br> Plano, TX** | **75024** |
| (Address of principal executive offices) | (Zip Code) |

---

**(833) 528-2785** (Registrant's telephone number, including area code:)

**Not Applicable** (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol(s)** | **Name of Each Exchange on<br> Which Registered** |
| Common Stock, par value $0.0001 per share | KPLT | The Nasdaq Stock Market LLC |
| Redeemable Warrants | KPLTW | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry Into a Material Definitive Agreement.**

On June 3, 2025, Katapult Holdings, Inc. (the "Company") entered into the Limited Waiver and Amendment Agreement (the "Second Limited Waiver") to our Loan and Security Agreement, dated as of May 14, 2019 (as amended, amended and restated, supplemented, revised, or otherwise modified from time to time prior to the date hereof, including pursuant to that certain Limited Waiver and Amendment Agreement dated May 14, 2025 (the "First Limited Waiver"), by and among Katapult SPV-1 LLC, Katapult Group, Inc., the Company, Midtown Madison Management LLC, as administrative, payment and collateral agent and lender, and the lenders party thereto (the "Lenders" and, such agreement, the "Credit Agreement") which, among other things, extended the Maturity Date (as defined in the Credit Agreement) and the Limited Waiver Termination Date (as defined in the First Limited Waiver), in each case, from June 4, 2025 to June 9, 2025.

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

**Item 7.01 Regulation FD Disclosure.**

The Company is actively working with the Lenders on a comprehensive maturity extension amendment to the Credit Agreement that adjusts the covenants and advance rate to align with the Company's business plan. The Company is working diligently to conclude those negotiations as soon as possible. The Company may not be able to complete such a comprehensive maturity extension amendment on favorable terms, or at all, and the Company's inability to do so could have a material adverse effect on its business, financial condition, results of operations and prospects.

The information furnished in this Item 7.01 on this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act, regardless of any general incorporation language in such filing.

**Forward Looking Statements**

This Current Report on Form 8-K contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this Current Report on Form 8-K that do not relate to matters of historical fact should be considered forward-looking statements. These forward-looking statements may be identified by their use of terms and phrases such as "anticipate," "believe," "expect," "intend," "will," and other similar terms and phrases, and such forward-looking statements include, but are not limited to, statements regarding our ability to complete the proposed comprehensive maturity extension amendment to Credit Agreement in a favorable manner or at all. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable us and our management, are inherently uncertain and are subject to various risks and uncertainties, including, without limitation those risks and uncertainties, including but not limited to, those factors discussed in greater detail in the section entitled "Risk Factors" in our periodic reports filed with the Securities and Exchange Commission ("SEC"), and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 that we filed with the SEC on May 15, 2025 and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the SEC website at www.sec.gov. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this Current Report on Form 8-K and should not be relied upon as representing our views as of any subsequent date. We explicitly disclaim any obligation to update any forward-looking statements, other than as may be required by law. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit <br> No.** | **Exhibit** |
| [10.1](dp229809_ex1001.htm) | [Limited Waiver and Amendment Agreement to Credit Agreement, dated as of June 3, 2025, by and among Katapult SPV-1 LLC, Katapult Group, Inc, Katapult Holdings, Inc., Midtown Madison Management LLC and the lenders party thereto.](dp229809_ex1001.htm) |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| Date: June 4, 2025 | /s/ Orlando Zayas |
|  | Name: Orlando Zayas |
|  | Title: Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**LIMITED WAIVER AND AMENDMENT AGREEMENT**

This lIMITED WAIVER AND aMENDMENT AGREEMENT (this "<u>Agreement</u>") is entered into this 3rd day of June, 2025, by and among KATAPULT SPV-1 LLC, a Delaware limited liability company ("<u>Borrower</u>"), KATAPULT GROUP, INC, a Delaware corporation ("<u>Holdings</u>"), KATAPULT HOLDINGS, INC., a Delaware corporation ("<u>Parent Entity</u>" and Borrower, Holdings and Parent Entity together, collectively, the Credit Parties"), each of the lenders party to the Loan Agreement (defined below) (individually, each a "<u>Lender</u>" and collectively, the "<u>Lenders</u>") and MIDTOWN MADISON MANAGEMENT LLC, a Delaware limited liability company, as administrative, payment and collateral agent for itself, as a Lender, and for the other Lenders (in such capacities, "<u>Agent</u>").

<u>Recitals</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Borrower, Holdings, Parent Entity, Lenders and Agent entered into that certain Loan and Security Agreement, dated as of May 14, 2019 (as amended, amended and restated, supplemented, revised, or otherwise modified from time to time prior to the date hereof, including pursuant to that certain Limited Waiver and Amendment Agreement dated May 14, 2025 (the "<u>First Limited Waiver</u>"), the "<u>Loan Agreement</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. One or more Defaults or Events of Default under (and as defined in) the Loan Agreement exist and are continuing under the Loan Agreement, as described further in <u>Section 2</u> below and as a consequence, Agent and Lenders are entitled to, the rights and remedies as a result thereof under the Loan Agreement and other Loan Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Pursuant to the First Limited Waiver, Agent and the Lenders agreed to temporarily waive such Defaults and/or Events of Default for the duration of the Limited Waiver Period (as defined in the First Limited Waiver);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Borrower has requested that Agent and Lenders (i) continue to temporarily waive such Defaults and/or Events of Default for the duration of the Limited Waiver Period (as defined below) and (ii) amend the Loan Agreement as set forth herein; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Agent and Lenders are willing to do so upon and subject to the terms and conditions of this Agreement and the compliance of the Credit Parties and their Affiliates with the conditions set forth herein and the other provisions of this Agreement.

Now, Therefore, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:

<u>Agreement</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **<u>Definitions</u>.** Capitalized terms used but not defined in this Agreement shall have the meanings given to them in the Loan Agreement, as amended by this Agreement. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined):

"<u>Existing Default</u>" and "<u>Existing Defaults</u>" have the meanings specified in <u>Section 2</u> hereof.

"<u>Limited Waiver Default</u>" means the occurrence of any of the following at any time during the Limited Waiver Period: (i) any Event of Default (other than each Existing Default), unless such Event

of Default has been otherwise expressly waived in writing by the applicable Requisite Lenders (or all of the Lenders, to the extent required by the Loan Agreement), (ii) the failure of any Credit Party to comply with any term, condition, or covenant set forth in this Agreement during the Limited Waiver Period in accordance with the terms of this Agreement, (iii) the failure of any representation or warranty made by any Credit Party under or in connection with entry into this Agreement to be true, correct and complete, in each case, in all material respects, (iv) the commencement or continuation of any enforcement action against any Credit Party or its property by any creditor of a Credit Party having a lien on any material assets of any Credit Party, (v) any Credit Party shall contest any term, provision, or acknowledgement contained in this Agreement, or (vi) the commencement of any litigation or other proceeding by a Credit Party or any of their respective Affiliates against any Agent, any Lender or any of their respective Affiliates.

"<u>Limited Waiver Effective Date</u>" shall have the meaning specified in <u>Section 6</u> hereof.

"<u>Limited Waiver Period</u>" means the period commencing on the Limited Waiver Effective Date and ending on the earlier to occur of (i) a Limited Waiver Default and (ii) the Limited Waiver Termination Date.

"<u>Limited Waiver Termination Date</u>" means 12:01 a.m., New York City time, on June 9, 2025, time being of the essence.

"<u>Released Parties</u>" shall have the meaning specified in <u>Section 8</u> hereof.

"<u>Releasors</u>" shall have the meaning specified in <u>Section 8</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Existing Events of Default.** The Credit Parties have failed to comply with certain requirements of the Loan Agreement and the other Loan Documents resulting in the occurrence of certain Defaults and/or Events of Default under the Loan Agreement (and the other Loan Documents) as set forth below in this <u>Section 2</u>, in each case, arising from events or circumstances existing on or prior to the date hereof (each an "<u>Existing Default</u>" and collectively, the "<u>Existing Defaults</u>"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1** Liquidity having been less than $10,000,000 as of any relevant date of determination on or prior to the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.2** any "going concern" concern qualification or opinion included in the auditor's report accompanying the Parent Entity's audited annual financial statements for the fiscal year ended December 31, 2024;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.3** the Total Advance Rate having exceeded 120% as of the end of any fiscal month as reflected in the applicable Monthly Servicing Report and the Borrower not having deposited funds in the Total Advance Rate Reserve Account to reduce the Total Advance Rate to the maximum permitted rate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.4** the Tangible Net Worth having been less than ($50,000,000) as of end of any fiscal month; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.5** any representation, statement or warranty made, or deemed to have been made, including in any Borrowing Base Certificate, not being true and correct (or omitting facts necessary to make such statements not misleading), in each case, as such representation, statement or warranty relates to an Existing Default, and any Borrowing Base Certificates being delivered signed and/or uncertificated in light of such Existing Defaults.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Limited Waiver.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1** The Agent and the Lenders party hereto (constituting Requisite Lenders) hereby temporarily waive the Existing Defaults (the "<u>Limited Waiver</u>"). The Limited Waiver shall be effective from the Limited Waiver Effective Date through the end of the Limited Waiver Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2** <u>Limited and Temporary Nature of Waiver</u>. Agent and Lenders have waived, on a limited and temporary basis only, and not beyond the Limited Waiver Termination Date, the Existing Defaults. Agent and Lenders have not waived, and are not by this Agreement waiving, any other Default or Event of Default that may occur from events or circumstances arising after the effectiveness of this Agreement), and Agent and Lenders have not agreed to standstill with respect to any of their respective rights or remedies concerning any Default or Event of Default (other than any Existing Default and then only during the Limited Waiver Period). Without limiting the foregoing, as of the date hereof, Agent does not have actual knowledge of the continuation of any Event of Default other than the Existing Defaults. Upon the end of the Limited Waiver Period, the Limited Waiver shall be of no further force or effect, and each of the Agent and each Lender party hereto reserves all of its respective rights and remedies set forth in, and subject to the terms of, the Loan Agreement, the other Loan Documents and applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3** <u>No Assurances regarding Extension of Limited Waiver Period</u>. Without limiting the generality of the foregoing, none of the Credit Parties will assert, claim or contend, that any prior action or course of conduct by Agent or any or all of the Lenders constitutes an agreement, obligation or cause of declining to continue such action or course of conduct in the future. Each of the Credit Parties hereby acknowledges and agrees that Agent and Lenders have made no commitment as to how or whether any Existing Default will be resolved, nor have they given any assurances or commitments with respect to any additional or future standstill, waiver or accommodation of any kind upon the termination or expiration of the Limited Waiver Period, and each of the Credit Parties agrees that neither Agent nor Lenders have any obligation to extend the Limited Waiver Period. Any agreement by the Lenders to extend the Limited Waiver Period or further waive the Existing Defaults and amend the Loan Agreement must be set forth in writing and signed by a duly authorized signatory of Agent and the Requisite Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.4** <u>Advances by Agent</u>. During the Limited Waiver Period, the Agent and Lenders may make Revolving Advances to the Borrower under the Loan Agreement in their sole and absolute discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.5** <u>Total Advance Rate Reserve Account</u>. The Credit Parties acknowledge and agree that notwithstanding the Limited Waiver or anything else contained herein or in the Loan Agreement, Agent shall have no obligation to release any amounts held on deposit in the Total Advance Rate Reserve Account from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.** **<u>No Waiver, Ratification, Further Assurances and Consent</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1** Except as specifically set forth in <u>Section 3</u> hereof, nothing contained in this Agreement, or any other communication among Agent, Lenders, Borrower or any other Credit Party on or prior to the date hereof in connection with this Agreement shall be construed as a standstill or waiver by Agent or Lenders of any covenant or provision of the Loan Agreement, the other Loan Documents, this Agreement or any other contract or instrument among any Credit Party, Agent and/or Lenders, or of any similar future transaction and the failure of Agent and/or Lenders at any time or times hereafter to require strict performance by any Credit Party of any provision thereof shall not waive, affect or diminish any right of Agent and/or Lenders to thereafter demand strict compliance therewith. Except as expressly set forth herein, nothing contained in this Agreement shall directly or indirectly in any way whatsoever either: (i) impair, prejudice or otherwise adversely affect Agent's or any Lender's right at any time to exercise any right, privilege or remedy in connection with the Loan Agreement, as amended hereby, or any other Loan

Documents, (ii) except as expressly provided herein, amend or alter any provision of the Loan Agreement or any other Loan Documents or any other contract or instrument, or (iii) constitute any course of dealings or other basis for altering any obligation of any Credit Party under the Loan Agreement or any other Loan Documents or any right, privilege or remedy of Agent or any Lender under the Loan Agreement, any other Loan Documents or any other contract or instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2** Each of the Credit Parties ratifies and confirms that all of its respective obligations under the Loan Documents are in full force and effect and are performable in accordance with their respective terms without setoff, defense, counter-claim or claims in recoupment. This Agreement shall be construed in connection with and as part of the Loan Agreement and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Agreement, as amended by this Agreement, and each other Loan Document are hereby ratified and confirmed and shall remain in full force and effect. Each Credit Party hereby acknowledges, ratifies, and confirms that, notwithstanding the agreement of Agent and the Lender to waive, on a limited and temporary basis and not beyond the Limited Waiver Termination Date, the Existing Defaults, (i) no Credit Party may take any action that would otherwise be prohibited under the applicable Loan Documents on account of the existence of the Existing Defaults, and (ii) no Agent nor any Lender shall take any action that would otherwise be prohibited under the applicable Loan Documents in the absence of a Default or an Event of Default.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3** The Credit Parties and Agent agree that at any time and from time to time, upon the written request of the other, it will execute and deliver such further documents and do such further acts and things as the other may reasonably request in order to effect the purposes of this Agreement and the Loan Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.** **<u>Amendment to Loan Agreement</u>**. Effective as of the Limited Waiver Effective Date, the definition of "Maturity Date" in the Loan Agreement is hereby amended and restated in its entirety to read as set forth immediately below:

'"<u>Maturity Date</u>" shall mean June 9, 2025.'

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.** **<u>Conditions Precedent to Effectiveness of Agreement</u>**. The effectiveness of this Agreement is conditioned upon the satisfaction of the following conditions precedent (the date on which the conditions have been satisfied or waived in writing by Agent being the "<u>Limited Waiver Effective Date</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.1** Agent shall have received this Agreement, duly executed by each Credit Party, the Lenders and Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.2** Agent shall have received such additional documents, instruments and information as Agent may have requested in writing at least two Business Days prior to the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3** The representations and warranties contained or incorporated herein shall be true and correct in all material respects (except to the extent already qualified by materiality, in which case it shall be true and correct in all respects); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.4** Borrower shall have paid to Agent, on behalf of itself and the Lenders, all fees, costs and expenses due and owing to Agent and the Lenders as of the date hereof (including the reasonable costs of any counsel to the Agent), in each case to the extent invoiced at least two Business Days prior to the date hereof. All fees, costs, expenses and other amounts payable hereunder shall be non-refundable and fully earned upon Agent's receipt of such fees, costs, expenses or amounts. Notwithstanding which fees,

costs and expenses due and owing to Agent and Lenders are actually invoiced and paid on the date hereof, Borrower remains liable for all such fees, costs and expenses to the extent set forth in the Loan Agreement.

Agent and each Lender party hereto, by delivering its signature page to this Agreement, shall be deemed to have accepted or been satisfied with (or waived) each condition set forth in this <u>Section 6</u>. The parties hereto hereby agree that notwithstanding any other provision hereof, the Limited Waiver Effective Date is June 3, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.** **<u>Representations and Warranties</u>.** To induce Agent and Lenders to enter into this Agreement, each Credit Party hereby represents and warrants to Agent and Lender as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.1** The execution, delivery and performance of this Agreement by each Credit Party has been duly authorized by all requisite action of such parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.2** Immediately after giving effect to this Agreement (a) except with respect to the Existing Defaults, the representations and warranties contained in the Loan Agreement, as amended hereby, are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct in all material respects as of such date), (b) except with respect to the Existing Defaults, no Regulatory Trigger Event, Default Trigger Event, First Payment Default Trigger Event, Default or Event of Default has occurred and is continuing, (c) each Credit Party is in good standing under the laws of its jurisdiction of organization, and (d) since June 10, 2021, no amendment, modification or other change has been made to (i) the articles of organization (or other applicable charter document), or (ii) the limited liability company agreement (or any other equivalent governing agreement or document) of any Credit Party except those approved by Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.3** Each Credit Party has all requisite power and authority to execute and deliver this Agreement and to perform its obligations under this Agreement, the Loan Agreement, as amended hereby and the other Loan Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.4** The execution and delivery by the Credit Parties of this Agreement and the performance by the Credit Parties of their respective obligations under the Loan Agreement, as amended by this Agreement, and the other Loan Documents the do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision thereof, binding on any Credit Party, except as already have been obtained or made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.5** This Agreement has been duly executed and delivered by each Credit Party and is the binding obligation of each Credit Party, enforceable against each Credit Party in accordance with its terms, subject to the effect of any applicable bankruptcy, moratorium, insolvency, reorganization or other similar law affecting the enforceability of creditors' rights generally and to the effect of general principles of equity (whether in a proceeding at law or in equity);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.6** Each Credit Party has reviewed this Agreement and acknowledges and agrees that it (a) understands fully the terms of this Agreement and the consequences of the issuance hereof, (b) has been afforded an opportunity to have this Agreement reviewed by, and to discuss this Agreement with, such attorneys and other Persons as it may wish, and (c) has entered into this Agreement of its own free will and accord and without threat or duress. This Agreement and all information furnished to Agent and Lenders is made and furnished in good faith, for value and valuable consideration. This Agreement has not been made or induced by any fraud, duress or undue influence exercised by any Agent, any Lender or any other Person; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.7** Neither Agent nor Lender presently has any obligation to make additional Revolving Advances or Loans or to extend any other financial accommodations to Credit Parties (or any of them).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.** **<u>Miscellaneous</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1 <u>Integration</u>**. This Agreement and the Loan Agreement represent the entire agreement between the parties about this subject matter and supersede prior negotiations or agreements. All prior agreements, understandings, representations, warranties and negotiations between the parties about the subject matter of this Agreement and the Loan Agreement merge into this Agreement and the Loan Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.2 <u>Severability</u>**. If any term or provision of this Agreement is adjudicated to be illegal, invalid or unenforceable under Applicable Law, such term or provision shall be inapplicable to the extent of such illegality, invalidity or unenforceability without affecting the legality, validity or enforceability of the remainder of this Agreement which shall be given effect so far as possible.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.3 <u>Successors and Assigns</u>**. Subject to <u>Section 12.2</u> of the Loan Agreement, this Agreement shall be binding upon and inure to the benefit of the Credit Parties, Agent and Lender and their respective successors and permitted assigns, except that the Credit Parties shall not have the right to assign any rights hereunder or any interest herein without Agent's and the Lender's prior written consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.4 <u>WAIVER OF JURY TRIAL. GOVERNING LAW</u>**. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS Agreement SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE CHOICE OF LAW PROVISIONS SET FORTH IN THE LOAN AGREEMENT AND SHALL BE SUBJECT TO ANY WAIVER OF JURY TRIAL AND NOTICE PROVISIONS SET FORTH IN THE LOAN AGREEMENT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.5 <u>No Oral Agreements</u>**. Neither this Agreement nor any provision hereof may be changed, waived, discharged, modified or terminated orally, but only by an instrument in writing signed by the parties required to be a party thereto pursuant to the Loan Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.6 <u>Counterparts</u>.** This Agreement may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Signature pages delivered by facsimile or other electronic means shall have the same effect as manually executed signature pages. The words "execution," "executed," "signed," "signature," and words of like import in this Agreement shall be deemed to include electronic signatures, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.** **<u>Release</u>**<u>.</u> BORROWER, HOLDINGS AND PARENT ENTITY, AND EACH OF THEIR RESPECTIVE PREDECESSORS, SUCCESSORS, HEIRS, AND ASSIGNS (INDIVIDUALLY AND COLLECTIVELY, "<u>RELEASORS</u>") HEREBY VOLUNTARILY AND KNOWINGLY RELEASES AND FOREVER DISCHARGES AGENT AND EACH LENDER AND THEIR RESPECTIVE PARENTS, DIVISIONS, SUBSIDIARIES, AFFILIATES, SUCCESSORS, AND ASSIGNS, AND EACH OF ITS CURRENT AND FORMER DIRECTORS, OFFICERS, SHAREHOLDERS, MEMBERS, MANAGERS, PARTNERS, ATTORNEYS, AGENTS, AND EMPLOYEES, AND EACH OF THEIR RESPECTIVE PREDECESSORS, SUCCESSORS, HEIRS, AND ASSIGNS (INDIVIDUALLY AND COLLECTIVELY, THE "<u>RELEASED PARTIES</u>") FROM ALL POSSIBLE CLAIMS, COUNTERCLAIMS, DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS,

EXPENSES AND LIABILITIES WHATSOEVER, WHETHER KNOWN OR UNKNOWN, ANTICIPATED OR UNANTICIPATED, SUSPECTED OR UNSUSPECTED, FIXED, CONTINGENT OR CONDITIONAL, OR AT LAW OR IN EQUITY, IN ANY CASE ORIGINATING ON OR BEFORE THE DATE HEREOF THAT ANY OF THE RELEASORS MAY NOW OR HEREAFTER HAVE AGAINST THE RELEASED PARTIES (OR ANY OF THEM), IF ANY, IRRESPECTIVE OF WHETHER ANY SUCH CLAIMS ARISE OUT OF CONTRACT, TORT, VIOLATION OF LAW OR REGULATIONS, OR OTHERWISE, ARISING DIRECTLY OR INDIRECTLY FROM THE LOAN AGREEMENT, THE LOAN DOCUMENTS, THE EXERCISE OF ANY RIGHTS AND REMEDIES UNDER THE LOAN DOCUMENTS AND/OR NEGOTIATION FOR AND EXECUTION OF THIS AGREEMENT OR THE LOAN DOCUMENTS, INCLUDING, WITHOUT LIMITATION, ANY CONTRACTING FOR, CHARGING, TAKING, RESERVING, COLLECTING OR RECEIVING INTEREST IN EXCESS OF THE HIGHEST LAWFUL RATE APPLICABLE, IN EACH CASE EXCLUDING FRAUD, GROSS NEGLIGENCE, OR WILLFUL MISCONDUCT (THE "<u>RELEASED CLAIMS</u>"). RELEASED CLAIMS SHALL NOT INCLUDE CLAIMS TO ENFORCE THIS AGREEMENT OR FOR BREACH OF THIS AGREEMENT, IN EACH CASE MADE AFTER THE DATE HEREOF. EACH OF THE RELEASORS WAIVES THE BENEFITS OF ANY LAW, WHICH MAY PROVIDE IN SUBSTANCE: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN ITS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY IT MUST HAVE MATERIALLY AFFECTED ITS SETTLEMENT WITH THE DEBTOR." EACH OF THE RELEASORS UNDERSTANDS THAT THE FACTS WHICH IT BELIEVES TO BE TRUE AT THE TIME OF MAKING THE RELEASE PROVIDED FOR HEREIN MAY LATER TURN OUT TO BE DIFFERENT THAN IT NOW BELIEVES, AND THAT INFORMATION WHICH IS NOT NOW KNOWN OR SUSPECTED MAY LATER BE DISCOVERED. EACH OF THE RELEASORS ACCEPTS THIS POSSIBILITY, AND EACH OF THEM ASSUMES THE RISK OF THE FACTS TURNING OUT TO BE DIFFERENT AND NEW INFORMATION BEING DISCOVERED; AND EACH OF THEM FURTHER AGREES THAT THE RELEASE PROVIDED FOR HEREIN SHALL IN ALL RESPECTS CONTINUE TO BE EFFECTIVE AND NOT SUBJECT TO TERMINATION OR RESCISSION BECAUSE OF ANY DIFFERENCE IN SUCH FACTS OR ANY NEW INFORMATION. RELEASORS AGREE THAT (I) THE COMMENCEMENT OF ANY LITIGATION OR LEGAL PROCEEDINGS BY ANY RELEASOR AGAINST ANY RELEASED PARTY WITH RESPECT TO ANY CLAIMS, COUNTERCLAIMS, DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES AND LIABILITIES RELEASED HEREBY, PURPORTED TO BE RELEASED HEREBY OR ARISING ON OR BEFORE THE DATE HEREOF, AND/OR (II) THE COMMENCEMENT OF ANY CLAIM, INITIATION OR COMMENCEMENT OF ANY CLAIM OR PROCEEDING BY ANY RELEASOR WHICH ALLEGES THAT THE RELEASE HEREIN IS INVALID OR UNENFORCEABLE IN ANY RESPECT, SHALL, IN EACH CASE, CONSTITUTE AN IMMEDIATE EVENT OF DEFAULT.

*[Signature pages follow.]*

**IN WITNESS WHEREOF**, this Agreement is being executed as of the date first written above.

**BORROWER**:

---

| | |
|:---|:---|
| **KATAPULT SPV-1 LLC** | **KATAPULT SPV-1 LLC** |
| By: | /s/ Orlando Zayas |
| Name: | Orlando Zayas |
| Title: | Chief Executive Officer |

---

**HOLDINGS:**

---

| | |
|:---|:---|
| **KATAPULT GROUP, INC.** | **KATAPULT GROUP, INC.** |
| By: | /s/ Orlando Zayas |
| Name: | Orlando Zayas |
| Title: | Chief Executive Officer |

---

**PARENT ENTITY:** 

---

| | |
|:---|:---|
| **Katapult Holdings, Inc.** | **Katapult Holdings, Inc.** |
| By: | /s/ Orlando Zayas |
| Name: | Orlando Zayas |
| Title: | Chief Executive Officer |

---

[Signature Page to Limited Waiver and Amendment Agreement]

**AGENT:**

<br> ---

| | |
|:---|:---|
| **MIDTOWN MADISON MANAGEMENT LLC** | **MIDTOWN MADISON MANAGEMENT LLC** |
| By: | /s/ David Aidi |
| Name: | David Aidi |
| Title: | Authorized Signatory |

---

[Signature Page to Limited Waiver and Amendment Agreement]

**CLASS A LENDERS:**

<br> ---

| | |
|:---|:---|
| **BLUE OWL Special Opportunities Fund VII LP** | **BLUE OWL Special Opportunities Fund VII LP** |
| By: | /s/ David Aidi |
| Name: | David Aidi |
| Title: | Authorized Signatory |

---

---

| | |
|:---|:---|
| **BLUE OWL ASSET Income Fund IV LP** | **BLUE OWL ASSET Income Fund IV LP** |
| By: | /s/ David Aidi |
| Name: | David Aidi |
| Title: | Authorized Signatory |

---

---

| | |
|:---|:---|
| **BLUE OWL ASSET Income Fund (Cayman) IV LP** | **BLUE OWL ASSET Income Fund (Cayman) IV LP** |
| By: | /s/ David Aidi |
| Name: | David Aidi |
| Title: | Authorized Signatory |

---

---

| | |
|:---|:---|
| **BLUE OWL Special Opportunities Fund (Cayman) VII LP** | **BLUE OWL Special Opportunities Fund (Cayman) VII LP** |
| By: | /s/ David Aidi |
| Name: | David Aidi |
| Title: | Authorized Signatory |

---

---

| | |
|:---|:---|
| **BLUE OWL Asset Income Fund V LP** | **BLUE OWL Asset Income Fund V LP** |
| By: | /s/ David Aidi |
| Name: | David Aidi |
| Title: | Authorized Signatory |

---

[Signature Page to Limited Waiver and Amendment Agreement]

**CLASS B LENDERS:**

<br> ---

| | |
|:---|:---|
| **BLUE OWL Special Opportunities Fund VII LP** | **BLUE OWL Special Opportunities Fund VII LP** |
| By: | /s/ David Aidi |
| Name: | David Aidi |
| Title: | Authorized Signatory |

---

---

| | |
|:---|:---|
| **BLUE OWL ASSET INCOME FUND IV LP** | **BLUE OWL ASSET INCOME FUND IV LP** |
| By: | /s/ David Aidi |
| Name: | David Aidi |
| Title: | Authorized Signatory |

---

---

| | |
|:---|:---|
| **BLUE OWL ASSET INCOME FUND V LP** | **BLUE OWL ASSET INCOME FUND V LP** |
| By: | /s/ David Aidi |
| Name: | David Aidi |
| Title: | Authorized Signatory |

---

---

| | |
|:---|:---|
| **BLUE OWL Special Opportunities Fund (CAYMAN) VII LP** | **BLUE OWL Special Opportunities Fund (CAYMAN) VII LP** |
| By: | /s/ David Aidi |
| Name: | David Aidi |
| Title: | Authorized Signatory |

---

---

| | |
|:---|:---|
| **BLUE OWL ASSET INCOME FUND (CAYMAN) IV LP** | **BLUE OWL ASSET INCOME FUND (CAYMAN) IV LP** |
| By: | /s/ David Aidi |
| Name: | David Aidi |
| Title: | Authorized Signatory |

---

---

| | |
|:---|:---|
| **BLUE OWL ASSET INCOME FUND (CAYMAN) V LP** | **BLUE OWL ASSET INCOME FUND (CAYMAN) V LP** |
| By: | /s/ David Aidi |
| Name: | David Aidi |
| Title: | Authorized Signatory |

---

[Signature Page to Limited Waiver and Amendment Agreement]