Plum Acquisition Corp. I announced that it has entered into a material definitive agreement and issued an unsecured non-convertible promissory note for gross proceeds of up to $250,000 to Kanishka Roy on March 16, 2023. The notes are having total principal amount of up to $250,000.

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.