Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 105

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 105
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 of the Legacy Business, (iii) any other            
 books, records or accounts (financial, accounting or otherwise), plans, manuals, studies,      
 reports or summaries, and (iv) any samples, sales, marketing, advertising and promotional      
 literature, materials and data, including digital marketing accounts;                          |

| ● | any rights to receive and retain mail, facsimiles, electronic mail,                              
 and other notices or communications relating to the purchased assets and the assumed liabilities 
 after the consummation of the transaction contemplated by the Asset Purchase Agreement (the      
 “Closing”); and                                                                                  |

| ● | any other assets or properties of any kind or nature of the Company                                
 or its controlled affiliates which are used or held for use in, relate to, necessary or reasonably 
 required for the ownership or operation of the Legacy Business, other than the excluded            
 assets.                                                                                            |

Notwithstanding the above, any assets that are
by their terms non-assignable without the consent of a third party are not transferred to the Buyer under the terms of the Asset Purchase
Agreement. Instead, we and the Buyer are each required to use commercially reasonable efforts to obtain any such consent, including subcontracting,
sub-licensing, or subleasing to Buyer.

Excluded Assets

Under the terms of the Asset Purchase Agreement,
the following assets pertaining to the Legacy Business (referred to in this discussion as the “excluded assets”) will not
be transferred to the Buyer and will remain our assets following the closing of the Asset Sale:

| ● | cash; |

| ● | rights of the Company and its subsidiaries (other than Acquired 
 Subsidiaries) under the Asset Purchase Agreement;               |

| ● | certain assets, contracts, and permits specifically not assumed                           
 under the Asset Purchase Agreements, together with any causes of action, claims, demands, 
 and any rights to receive communication in connection therewith;                          |

| ● | our governing documents; |

| ● | all assets, properties, contracts, and other rights of our subsidiary                 
 Sonim Technologies (India) Private Limited (“Sonim India”), other than the employment 
 of continuing employees;                                                              |

| ● | all tax returns and information related thereto; and |

| ● | insurance policies. |

| 72 |

Assumption and Transfer of Liabilities

Assumed Liabilities

Upon the terms and subject to the conditions of
the Asset Purchase Agreement, the Buyer will assume substantially all of our current liabilities and obligations in connection with the
Legacy Business other