Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 107

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 107
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 Sonim Technologies (India) Private Limited (“Sonim India”), other than the employment 
 of continuing employees;                                                              |

| ● | all tax returns and information related thereto; and |

| ● | insurance policies. |

| 72 |

Assumption and Transfer of Liabilities

Assumed Liabilities

Upon the terms and subject to the conditions of
the Asset Purchase Agreement, the Buyer will assume substantially all of our current liabilities and obligations in connection with the
Legacy Business other than any indebtedness and other excluded liabilities, as discussed below, including all of the following liabilities
and obligations:

| ● | certain of the Company’s current liabilities; and |

| ● | post-Closing ordinary course contractual liabilities under the                                
 assumed contracts, but only to the extent incurred under such assumed contracts after the     
 Closing, including the continuing performance of such assumed contracts representing deferred 
 revenue obligations (provided, that, this category does not include liabilities for breach    
 of contract, torts, or liabilities for violation of applicable laws by the Company).          |

Excluded Liabilities

Under the terms of the Asset Purchase Agreement,
the following liabilities and obligations will remain our liabilities and obligations (referred to in this discussion as the “excluded
liabilities”) and will not be assumed by the Buyer following the closing of the Asset Sale:

| ● | any liabilities resulting from, arising out of, relating to, in                            
 the nature of, or caused by accounts payable or accrued liabilities (whether short-term or 
 long-term), in each case, as defined by and calculated in accordance with GAAP other than  
 assumed liabilities;                                                                       |

| ● | any liabilities to the extent resulting from, arising out of, relating 
 to, in the nature of, or caused by:                                    |

| ● | the Company’s or the Company’s Representative’s                                           
 liabilities under the Asset Purchase Agreement, any ancillary agreement, certain excluded 
 contracts, or any certificate or schedule delivered in connection herewith or therewith;  |

| ● | any liabilities in respect of (a) taxes of the Company or its                                   
 affiliates for any taxable period, (b) taxes related to any of the purchased assets or the      
 Business with respect to any taxable period (or portion thereof) ending on or before the        
 Closing Date, (c) taxes relating to the excluded assets or excluded liabilities for any taxable 
 period; (d) taxes of any person imposed on the Company or its affiliates in respect of the      
 Business or any purchased asset as a transferee or successor