Company: SONM
Filing Date: 2025-06-18
Form Type: DEFC14A
Source: 0001641172-25-015578
Chunk: 50

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-06-18
Form: DEFC14A
Chunk 50
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 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, even those that are of the same type, in the same manner in the event of a corporate transaction.

| 30 |

In the event of a change in control, awards granted under our 2019 Plan will not receive automatic acceleration of vesting and/or exercisability, although this treatment may be provided for in an award agreement or in any other written agreement between us and the participant. Under our 2019 Plan, a change in control generally will be deemed to occur in the event: (i) the acquisition by any person or company of more than 50% of the combined voting power of our then outstanding stock; (ii) a merger, consolidation, or similar transaction in which our stockholders immediately before the transaction do not own, directly or indirectly, more than 50% of the combined outstanding voting power of the surviving entity or the parent of the surviving entity; (iii) a sale, lease, exclusive license or other disposition of all or substantially all of our assets other than to an entity more than 50% of the combined voting power of which is owned by our stockholders; or (iv) an unapproved change in the majority of our Board.

Transferability.A participant generally may not transfer stock awards under our 2019 Plan other than by will, the laws of descent and distribution, or as otherwise provided under our 2019 Plan.

Term, Termination, and Amendment.Unless sooner terminated by our Board, the 2019 Plan will terminate on the tenth anniversary of the date our Board originally adopted our 2019 Plan, or March 26, 2029. No award will