Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 96

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 96
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 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 |     | $                     | 60,000 |     |                   | [5,688] |

| (1) | Calculated based on $10.548, the closing price of our common stock on August 11, 2025, the 
 grant date of the Substitute Cash Grant.                                                   |

| 66 |

The Severance and Change in Control Agreements

Each of our named executive officers is covered
by severance and change in control agreements that specify certain payments to be made in the event that such named executive officer’s
employment is terminated in certain circumstances. The severance benefits of all named executive officers are subject to customary conditions
and applicable tax and other deductions and withholdings.

The severance and change in control agreements
provide for certain compensation and benefits in the event of an involuntary termination of employment, including an involuntary termination
of employment in connection with