Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 294

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 294
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 proposed Asset
Sale. We are not legal, tax, accounting or regulatory advisors.

We are financial advisors only
and have relied upon, without independent verification, the assessment of the Company and its legal, tax, accounting and regulatory advisors
with respect to legal, tax, accounting and regulatory matters. We express no opinion with respect to the fairness of the amount or nature
of the compensation to any of the Company’s officers, directors or employees, or any class of such persons, relative to the Purchase
Price to be received by the Company.

We have not made any independent
valuation or appraisal of the assets or liabilities (fixed, contingent or otherwise) of the Company, nor have we been furnished with
any such valuations or appraisals, nor have we assumed any obligation to conduct, nor have we conducted, any physical inspection of the
properties, facilities or other assets of the Company. We have not evaluated the solvency of the Company under any law of any jurisdiction
relating to bankruptcy, insolvency or similar matters. As you know, we are not legal experts, and for purposes of our analysis, we have
not made any assessment of the status of any outstanding litigation involving the Company and have excluded the effects of any such litigation
in our analysis. Our opinion is necessarily based on financial, economic, market and other conditions as in effect on, and the information
made available to us as of, the date hereof. Events occurring after the date hereof may affect this opinion and the assumptions used
in preparing it, and we do not assume any obligation to update, revise or reaffirm this opinion.

We have acted as financial advisor to the Special Committee of the Board of Directors of the Company in connection with this transaction
and will receive a fee for our services, part of which is contingent upon the closing of the Asset Sale. The fee for this opinion is
not contingent upon the consummation of the Asset Sale. In addition, the Company has agreed to indemnify us for certain liabilities and
other items arising out of our engagement, which indemnity obligation is not contingent on the consummation of the Asset Sale.

ROTH is a full-service securities
firm engaged in securities trading and brokerage activities, as well as providing investment banking and other financial services. In
the ordinary course of business, we and our affiliates may acquire, hold or sell, for our and our affiliates’ own accounts and for the accountsof customers, equity, debt and other securities and financial instruments
(including