Katapult Holdings, Inc.

• From Mar 31, 2028 · 1.30x
• From Sep 30, 2028 · 1.35x
• From Mar 31, 2029 · 1.40x

Fail to maintain, at any time following the Closing Date, as of the last day of any Fiscal Quarter of Holdings set forth below, an Interest Coverage Ratio equal to or greater than the ratio set forth opposite such Fiscal Quarter in the table immediately below:

Equity cure available.

As of the Closing Date and as of last Business Day of each such calendar week ending thereafter, (x) prior to a Parent Reorganization Transaction, Parent Entity and (b) following a Parent Reorganization Transaction, Borrower shall not permit Liquidity to be less than $5,000,000.

Make, or permit to be made, (whether in one transaction or a series of transactions) Capital Expenditures in an aggregate amount in excess of 5% of revenue for Borrower and its Subsidiaries over the trailing twelve-month period.

• From Mar 31, 2027 · 4.75x
• From Jun 30, 2027 · 4.50x
• From Dec 31, 2027 · 4.25x
• From Jun 30, 2028 · 4.00x

Fail to maintain, at any time following the Closing Date, as of the last day of any Fiscal Quarter of Holdings set forth below, a Leverage Ratio that is equal to or less than the ratio set forth opposite such Fiscal Quarter in the table immediately below:

Equity cure available.

Fail to maintain, at any time following the Closing Date, as of the end of any Fiscal Quarter of Holdings, Liquidity of Holdings and its Subsidiaries equal to or in excess of $100,000,000.00.