Item 1.01 Entry into a Material Definitive Agreement.
On March 16, 2023, Plum Acquisition Corp. I (the "Company") issued an unsecured
promissory note in the total principal amount of up to $250,000 (the "Promissory
Note") to Mr. Kanishka Roy, individually and as a member of Plum Partners LLC.
Mr. Roy funded the initial principal amount of $250,000 on March 16, 2023. The
Promissory Note does not bear interest and matures upon the consummation of the
Company's initial business combination with one or more businesses or entities.
In the event the Company does not consummate a business combination, the
Promissory Note will be repaid upon the Company's liquidation only from amounts
remaining outside of the Company's trust account, if any. The Promissory Note is
subject to customary events of default, the occurrence of which automatically
trigger the unpaid principal balance of the Promissory Note and all other sums
payable with regard to the Promissory Note becoming immediately due and payable.
The foregoing description of the Promissory Note is not complete and is
qualified in its entirety by reference to the text of such document, which is
filed as Exhibit 10.1 hereto and which is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information in Item 1.01 related to the Promissory Note is incorporated by
reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
10.1 Promissory Note dated March 16, 2023, by and between Plum
Acquisition Corp. I and Mr. Kanishka Roy.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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