Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 111

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 111
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The Buyer’s representations and warranties
relate to, among other things:

| ● | its organization and qualification; |

| ● | its authority to enter into the Asset Purchase Agreement and other                           
 agreements related to the Asset Sale and the validity and enforceability of such agreements; |

| ● | the absence of conflicts with the Buyer’s organizational                                     
 documents and applicable law as a result of the Buyer’s execution, delivery, and performance 
 under the Asset Purchase Agreement;                                                          |

| ● | brokers, finders, or investment bankers entitled to any fees in 
 connection with the Asset Sale;                                 |

| ● | the availability of funds that enable the Buyer to consummate the 
 Asset Sale and pay the Cash Consideration at the closing; and     |

| ● | the solvency of the Buyer, immediately following the Closing. |

Covenants

Conduct of Business Pending Closing

Until Closing, we are required, unless otherwise
consented to by the Buyer, to:

| ● | operate and maintain the Business in the usual, regular, and ordinary 
 course consistent with past practice;                                 |

| ● | preserve, in all material respects, the current relationships of                             
 the Business with customers, suppliers, landlords, and other persons with which the Business 
 has significant business relationships; and                                                  |

| ● | comply in all material respects with all laws applicable to the             
 operation of the Business and the ownership or use of the purchased assets. |

In addition, we may not, without the consent of
the Buyer (which, in instances, where the action does not affect the Business or purchased assets may not be unreasonably withheld, conditioned,
or delayed), sell, lease transfer or otherwise dispose of any purchased asset other than in the ordinary course of business or engage
in certain other specified actions, including, among other things, engaging in acquisitions, materially amending or entering into any
material contracts, making capital expenditures and investments in excess of a specified amount, making a material change in accounting
principles, making certain changes in employee compensation, benefits or bonuses, settling claims with respect to assumed liabilities
in excess of a specified amount, entering into new lines of business and granting any stock options, restricted stock units or other
long-term incentive awards.

Stockholders Meeting

We are required to establish a record date for,
duly give notice of, convene, and hold a meeting of our stockholders to obtain stockholder approval of the Asset Sale Proposal, to be
held as promptly as reasonably practicable following