Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 19

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 19
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 Asset Purchase Agreement (see page 81)

The Asset Purchase Agreement may be terminated
prior to the closing of the Asset Sale by the mutual written agreement of the Company and the Buyer.

Additionally, the Asset Purchase Agreement may
be terminated by either the Company or the Buyer if:

| ● | the closing of the Asset Sale has not yet occurred by January‎                             
 ‎13‎, ‎2026 (the “outside date”) and the party                                             
 seeking to terminate the Asset Purchase Agreement has not breached any representation or   
 warranty or failed to fulfill any covenant or agreement under the Asset Purchase Agreement 
 that has resulted in the failure of the closing of the Asset                               
 Sale to occur on or before the outside date;                                               |

| ● | a non-appealable order is adopted by any governmental entity                   
 with jurisdiction over any party that makes the consummation of the Asset Sale 
 illegal or otherwise prohibits the Asset Sale; or                              |

| ● | the Asset Sale Proposal is not approved by the Company’s 
 stockholders.                                            |

See “Asset Purchase Agreement — Termination of the Asset Purchase Agreement” beginning on page 81 for a discussion of these and other rights
of each of the Buyer and the Company to terminate the Asset Purchase Agreement.

Termination Fees and Expenses (see page 82)

Generally, all fees and expenses incurred in connection
with the Asset Purchase Agreement and the transactions contemplated thereby will be paid by the party incurring those expenses, regardless
of whether the Asset Sale is completed.

However, we are required to pay the Buyer (i)
the termination fee of $1 million (One Million Dollars) and (ii) the transaction expenses reasonably incurred by the Buyer and
its affiliates in a number of circumstances including when the Company or the Buyer terminates the Asset Purchase Agreement because the
Asset Purchase Agreement is not consummated on or before the outside date, if our board changes its recommendation in connection
with the stockholders vote on the Asset Sale, or if the Company terminates the Asset Purchase Agreement in order to enter into a binding
agreement for a Superior Proposal.

See “Asset Purchase Agreement — Termination Fees and Expenses” beginning on page 82 for a further discussion of the termination fee and
allocation of expenses under the Asset Purchase Agreement.

No Appraisal or Dissenters’ Rights (see page 69)

No appraisal rights or dissenters’ rights
are available to our stockholders under Delaware law or our certificate of incorporation or bylaws in connection with the Asset Sale.

Risk Factors (see page