Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 116

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 116
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, and authorizations of all third parties and governmental authorities
that are necessary or advisable to consummate the Asset Sale.

The Asset Purchase Agreement also requires that
during the period beginning on the Closing Date and ending on the second anniversary of the Closing Date, we, upon reasonable
advance notice by Buyer, at the sole cost and expense of Buyer, reasonably cooperate with Buyer and its affiliates in connection with
reasonable requests for financial or tax information or materials concerning the business or any purchased asset or assumed liability.

Financing the Asset Sale

The Buyer is financing the Cash Consideration payable
at closing with cash and available resources on hand.

Expected Timing of the Asset Sale

We expect to complete the Asset Sale in the first
quarter of 2026, promptly following the Special Meeting, if the Asset Sale Proposal is approved by our stockholders and the various
other conditions to closing are satisfied or waived. However, there can be no assurance that the Asset Sale will be completed as currently
anticipated. Certain factors, including factors outside of our control and the control of the Buyer, could result in the Asset Sale being
delayed or not occurring at all.

| 79 |

Closing Conditions

Conditions to the Obligation of the Buyer

The obligation of the Buyer to consummate the Asset
Sale is subject to the satisfaction or waiver of the following conditions at closing:

| ● | each of our “fundamental                                                                       
 representations” being true and correct in all respects as of the date of                      
 the Asset Purchase Agreement and as of closing as though made at closing, except to the extent 
 such representations and warranties expressly relate to an earlier date (in which case, such   
 representations and warranties shall be true and correct in all material respects as of such   
 earlier date);                                                                                 |

| ● | each                                                                                         
 of our other representations and warranties that are qualified as to materiality being       
 true and correct in all respects and our representations and warranties that are not so      
 qualified being true and correct in all material respects, in each case as of the date of    
 the Asset Purchase Agreement and as of the closing as though made at Closing,                
 except to the extent such representations and warranties expressly relate to an earlier date 
 (in which case, such representations and warranties that are qualified as to materiality     
 shall be true and correct in all respects, and those not so qualified shall be true and      
 correct in all material respects, in each case, on and as of such earlier date) and except   
 where any failure to be true and correct would not,