Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 18

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 18
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 and other thresholds;                                                                      |

| ● | the performance by the parties of their obligations and covenants 
 under the Asset Purchase Agreement;                               |

| ● | the delivery by each party of certain certificates, consents, 
 resignations and other closing documentation;                 |

| ● | since the date of the Asset Purchase Agreement, no Material Adverse                        
 Effect (as defined in the Asset Purchase Agreement) shall have occurred and be continuing; 
 and                                                                                        |

| 8 |

| ● | the absence of any order issued by any governmental authority                             
 of competent jurisdiction or other law enjoining, restraining or otherwise prohibiting or 
 making illegal the consummation of the Asset Sale.                                        |

Termination of the 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