Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 97

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 97
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. 2019 Equity Incentive Plan (the “Plan”). However, no RSU awards were issued to our non-employee directors
following the 2025 annual meeting because of a lack of shares authorized to be issued under the Plan.

Accordingly, the Compensation Committee of our
board approved the grant of a cash award (the “Substitute Cash Grant”) to non-employee directors of the board in lieu of
a grant of RSUs under the Plan. The amount of the Substitute Cash Grant will be determined using the following methodology (designed
to closely replicate RSU vesting under the current non-employee director compensation policy:

| (i)  | assumption that the number of RSUs                                                                                                
 valued at $60,000 (based on the Fair Market Value (as defined in the Plan) as of the date of grant — the date of the Compensation 
 Committee meeting on August 11, 2025) (such number of RSUs, the “Phantom RSUs”) has been granted;                                 |
| (ii) | assumption that the Phantom RSUs vest on the earlier of:                                                                          |

| a. | a change in control, whether due to consummation of the 
 asset purchase agreement or a reverse takeover; or      |
| b. | the 2026 annual meeting of the Company’s stockholders   |

(each (a) and (b), a
“Vesting Event”)

| (iii) | the Substitute Cash Grant shall equal the Fair Market Value                                                                       
 of the Company’s common stock underlying the Phantom RSUs at the time of the Vesting Event and shall be payable as of the Vesting 
 Event.                                                                                                                            |

The Asset Sale is qualified as a vesting event
in connection with the Substitute Cash Grant. Therefore, the Substitute Cash Grant will be due and payable to the following non-employee
directors upon the consummation of the Asset Sale:

| Director           |     | Value of the Grant at 
 the time of issuance  |        |     | Assumed number of 
 phantom RSUs(1)   |       |
|:-------------------|:----|:----------------------|-------:|:----|:------------------|------:|
| James Cassano      |     | $                     | 60,000 |     |                   | 5,688 |
| Jack Steenstra     |     | $                     | 60,000 |     |                   | 5,688 |
| George Thangadurai |