Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 97

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 97
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 a change in control of the Company. We believe that these agreements are essential in helping our executive
officers maintain continued focus on their assigned duties to maximize stockholder value in anticipation of the Asset Sale. The terms
and conditions of these agreements were approved by our board.

Under the severance and change in control agreements,
our named executive officers are eligible to receive the following:

| ● | Mr. Liu is eligible to receive a lump sum payment equivalent to                            
 one hundred fifty percent (150%) of his yearly base salary in effect as of his termination 
 and a guaranteed pro-rated bonus;                                                          |

| ● | Mr. Crolius is eligible to receive a lump sum payment equivalent                                
 to six (6) months of his base salary in effect as of his termination and a guaranteed pro-rated 
 bonus;                                                                                          |

| ● | Mr. Becher is eligible to receive twelve (12) months of salary                                                                       
 continuation pay at the rate of his base salary in effect as of his termination, six (6)                                             
 months of COBRA reimbursement, and the acceleration of vesting of all awards under the Plan                                          
 that would vest within four (4) years following Mr. Becher’s termination;                                                            |
| ● | Mr. Mulica is eligible to receive the                                                                                                
 outstanding portion of his base salary for the terminated employment period, paid in accordance with the Company’s regular           
 payroll practices, twelve (12) months of salary continuation pay at the rate of his base salary in effect as of his termination, and 
 accelerated vesting of any unvested equity awards and Substitute Cash Grants.                                                        |

For purposes of the severance and change in control
agreements, the term “good reason” means (i) a material diminution in the annual base salary of such named executive officer,
other than across-the-board decreases in annual base salaries similarly affecting all executives of the Company; (ii) in the case
of Mr. Liu and Mr. Crolius, the Company requiring such named executive officers to relocate (other than for travel
incident to the named executive officer’s performance of duties on behalf of the Company) a distance of more than fifty (50) miles
(or, in the case of Mr. Becher, thirty (30) miles) from the named executive officer’s current principal place of business; (iii)
any material diminution in the named executive officer’s position, responsibilities, authority, or duties; (iv) in the case
of Mr. Mulica, any material breach by the