Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 293

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 293
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ER:                        |                   |
| Sonim                          
 Technologies, Inc.             |                   |
| By:                            |                   |
| Name:                          | Peter             
 Liu               |
| Title:                         | Chief             
 Executive Officer |
| SELLER                         
 REPRESENTATIVE:                |                   |
| Name:                          | Clay              
 Crolius           |

| B-8 |

<div align='center'>ANNEX C

FAIRNESS OPINION OF ROTH CAPITAL PARTNERS, LLC</div>

July 17, 2025

Special Committee of the Board of Directors of Sonim
Technologies, Inc.

4445 Eastgate Mall, Suite 200 San Diego, CA 92121

Members of the Special Committee:

ROTH Capital Partners, LLC (“we”
or “ROTH”) understands that Sonim Technologies, Inc., a Delaware corporation (the “Company” or “Seller”),
and MW International Ventures, LLC dba Social Mobile (“Social Mobile”), have proposed to enter into an Asset Purchase Agreement,
substantially in the form of the draft delivered to ROTH on July 17, 2025 (the “Asset Purchase Agreement”), whereby an affiliate
of Social Mobile Pace Car Acquisition LLC (“Buyer”) has agreed to purchase substantially all of the assets of the Company
(“Asset Sale”). Capitalized terms in this letter that are not defined herein shall have the meaning set forth in the Asset
Purchase Agreement.

On and subject to the terms and
conditions of the Asset Purchase Agreement, at the Closing, Buyer has agreed to purchase and take assignment and delivery from Seller,
and Seller has agreed to sell, assign, convey, transfer and deliver to Buyer all of Seller’s rights, title and interests in and
to the Acquired Assets, free and clear of all Liens (other than Permitted Liens), for the consideration specified in the Asset Purchase
Agreement, as further detailed below. Seller has agreed to retain and shall not sell, convey, transfer nor deliver to Buyer, and Buyer
has not agreed to purchase nor will Buyer have any rights in or to, the Excluded Assets. On and subject to the terms and conditions of
the Asset Purchase Agreement, at the Closing, Buyer has agreed to assume only the Assumed Liabilities. In accordance with the Asset Purchase
Agreement, the aggregate consideration for the purchase and sale of the Acquired Assets and the assumption of the Assumed Liabilities
(collectively, the “Purchase Price”) shall be an amount equal to: Fifteen