SEC Contract Filing

Filing Date: 2025-01-16

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>6
<FILENAME>ea022788201ex10-2_plum4.htm
<DESCRIPTION>UNITS SUBSCRIPTION AGREEMENT, DATED JANUARY 14, 2025, BETWEEN THE COMPANY AND COHEN & COMPANY CAPITAL MARKETS, A DIVISION OF J.V.B. FINANCIAL GROUP, LLC
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNIT SUBSCRIPTION AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">This Unit Subscription Agreement
(this &ldquo;<B>Agreement</B>&rdquo;) is made as of this 14<SUP>th</SUP> day of January, 2025, by and between Plum Acquisition Corp. IV,
a Cayman Islands exempted company (the &ldquo;<B>Company</B>&rdquo;), having its principal place of business at 2021 Fillmore St. #2089,
San Francisco, California 94115, and Cohen &amp; Company Capital Markets, a division of J.V.B. Financial Group, LLC (the &ldquo;<B>Purchaser</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">WHEREAS, the Company desires
to sell to the Purchaser on a private placement basis (the &ldquo;<B>Offering</B>&rdquo;) an aggregate of <FONT STYLE="font-family: Times New Roman, Times, Serif">162,000
</FONT>Units (the &ldquo;<B>Initial Units</B>&rdquo;) of the Company, each Initial Unit comprised of one Class&nbsp;A ordinary share of
the Company, par value $0.0001 per share and one-half of one redeemable warrant (the &ldquo;<B>Warrants</B>&rdquo;) to purchase one Class&nbsp;A
ordinary share (the &ldquo;<B>Warrant Shares</B>&rdquo;) to be governed by the Warrant Agreement (defined herein), for a purchase price
of $1,620,000, or $10.00 per Initial Unit, and up to 24,300 units (&ldquo;<B>Additional Units</B>&rdquo; and together with the Initial
Units, the &ldquo;<B>Units</B>&rdquo;), each Additional Unit comprised of one Class&nbsp;A ordinary share and one-half of one Warrant,
for a purchase price of $243,000, or $10.00 per Additional Unit. As provided in the Registration Statement (defined below), the Warrants
are exercisable during the period commencing 30 days following the consummation of the Company&rsquo;s initial Business Combination (defined
below) and will expire on the seventh anniversary of the consummation of the Business Combination (provided that so long as the Private
Warrants are held by the Purchaser or its designees, the Purchaser or its designees will not be permitted to exercise such Warrants after
the five year anniversary of the commencement of sales in the IPO in accordance with FINRA Rule 5110(g)(8)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">WHEREAS, the Purchaser desires
to purchase the Units on the terms and conditions set forth herein and the Company wishes to accept such subscription.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">NOW, THEREFORE, in consideration
of the promises and the mutual covenants hereinafter set forth and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Company and the Purchaser hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 17.6pt">1&nbsp;<B>Agreement to Subscribe.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 17.45pt">1.1&nbsp;<U>Purchase and
Issuance of the Initial Units</U>. For the aggregate sum of $<FONT STYLE="font-family: Times New Roman, Times, Serif">1,620,000</FONT>
(the &ldquo;<B>Initial Purchase Price</B>&rdquo;), upon the terms and subject to the conditions of this Agreement, the Purchaser hereby
agrees to purchase from the Company, and the Company hereby agrees to sell to the Purchaser, on the Closing Date (as defined in Section&nbsp;1.2)
an aggregate of <FONT STYLE="font-family: Times New Roman, Times, Serif">162,000 </FONT>Initial Units at $10.00 per Initial Unit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In addition to the foregoing,
the Purchaser hereby agrees to purchase up to an additional 24,300 Additional Units at $10.00 per Additional Unit for a purchase price
of $243,000 (the &ldquo;<B>Additional Purchase Price</B>&rdquo; and together with the Initial Purchase Price, the &ldquo;<B>Purchase Price</B>&rdquo;).
The purchase and issuance of the Additional Units shall occur only in the event that the underwriters&rsquo; 45-day over-allotment option
(&ldquo;<B>Over-Allotment Option</B>&rdquo;) in the Offering is exercised in full or part. The total number of Additional Units to be
purchased hereunder shall be in the same proportion as the amount of the Over-Allotment Option that is exercised. Each purchase of Additional
Units shall occur simultaneously with the consummation of any portion of the Over-Allotment Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif;