Material Agreement - Form 8-K

Item 1.01 Entry into a Material Definitive Agreement

Cooperation Agreement

On May 16, 2024, the Company and Presto Automation LLC (the "Borrower"), the Company's wholly owned subsidiary (the "Loan Parties") entered into a Cooperation Agreement (the "Cooperation Agreement") with Metropolitan Partners Group Administration, LLC, the administrative, payment and collateral agent (the "Agent") under the Credit Agreement, dated as of September 21, 2022 (as amended, the "Credit Agreement"), Metropolitan Levered Partners Fund VII, LP, Metropolitan Partners Fund VII, LP, Metropolitan Offshore Partners Fund VII, LP and CEOF Holdings LP (collectively, the "Lenders"), and certain significant stockholders.