Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 98

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 98
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 Company of the applicable severance and change in control agreement; and (v) in the
case of Mr. Mulica, the Company’s failure to obtain an agreement from any successor to the Company to assume and agree to perform
the applicable severance and change in control agreement in the same manner and to the same extent that the Company would be required
to perform if no succession had taken place..

Additionally, Mr. Mulica and Mr. Crolius are
entitled to cash bonuses contingent upon and payable as of the consummation of the Asset Sale.

The estimated payments that would be provided
to each of Mr. Liu, Mr. Crolius, and Mr. Mulica, upon a termination of employment that occurs at any time up to the twelve-month
anniversary (or, in the case of Mr. Becher, the thirteen-month anniversary) of a change in control of the Company, such as the Asset
Sale, are quantified in the table provided under “— Golden Parachute Compensation” below,
assuming termination of employment takes place on December 31, 2025.

Following the Asset Sale, the Company maintains
the obligation to pay the benefits provided for under these arrangements.

Compensation Arrangements with the Buyer

As of the date of this proxy statement, there
are no new employment, equity, or other arrangements or understandings between any executive officer or non-employee director of the
Company, on the one hand, and the Buyer or Parent, on the other hand. The Asset Sale is not conditioned upon any named executive officer
or non-employee director of the Company entering into any such arrangement or understanding. Prior to the Closing Date, the Buyer or
Parent may, in its discretion, initiate discussions or negotiations about such arrangements and understandings with certain of the Company’s
executive officers and may enter into definitive agreements with certain of the Company’s executive officers regarding continued
service, in each case, taking effect at or after the Closing Date of the Asset Sale. With respect to the Company’s named executive
officers and non-employee directors, no such discussions or negotiations are expected to occur, and no such arrangements or understandings
are expected to be implemented.

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Benefits Arrangements with Buyer

The Buyer may offer employment effective at
or prior to the closing of the Asset Sale to any employee of the Company, and will assume an employment relationship with certain
employees of subsidiaries of the Company acquired by the Buyer. Notwithstanding this obligation, nothing pre