Company: SONM
Filing Date: 2025-09-19
Form Type: DEF 14A
Source: 0001493152-25-014244
Chunk: 39

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-19
Form: DEF 14A
Chunk 39
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 and (iii) the class and the number of shares and exercise price, strike price, or purchase price, if applicable, of all outstanding stock awards.

Corporate Transactions.Our 2019 Plan provides that in the event of certain specified significant corporate transactions including: (i) a sale of all or substantially all of our assets, (ii) the sale or disposition of more than 50% of our outstanding securities, (iii) the consummation of a merger or consolidation where we do not survive the transaction and (iv) the consummation of a merger or consolidation where we do survive the transaction but the shares of our common stock outstanding prior to such transaction are converted or exchanged into other property by virtue of the transaction, each outstanding award will be treated as the plan administrator determines unless otherwise provided in an award agreement or other written agreement between us and the award holder. The plan administrator may take one of the following actions with respect to such awards:

| ● | arrange                                                                                        
 for the assumption, continuation, or substitution of a stock award by a successor corporation; |

| 24 |

| ● | arrange                                                                                                                                
 for the assignment of any reacquisition or repurchase rights held by us to a successor corporation;                                    |
| ● | accelerate                                                                                                                             
 the vesting, in whole or in part, of the stock award and provide for its termination prior to the transaction;                         |
| ● | arrange                                                                                                                                
 for the lapse, in whole or in part, of any reacquisition or repurchase rights held by us;                                              |
| ● | cancel                                                                                                                                 
 or arrange for the cancellation of the stock award, to the extent not vested or not exercised prior to the effective time of the       
 transaction, in exchange for such cash consideration, if any, as the plan administrator may deem appropriate; or                       |
| ● | make                                                                                                                                   
 a payment, in the form determined by the plan administrator, equal to the excess, if any, of the value of the property the participant 
 would have received on exercise of the awards before the transaction over any exercise price payable by the participant in connection  
 with the exercise, multiplied by the number of shares subject to the stock award. Any escrow, holdback, earnout, or similar provisions 
 in the definitive agreement for the transaction may apply to such payment to the holder of a stock award to the same extent and in     
 the same manner as such provisions apply to holders of our common stock.                                                               |

The plan administrator is not obligated to treat all stock awards or portions of stock awards