Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 98

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 98
---
     | $                     | 60,000 |     |                   | 5,688 |

| (1) | Calculated based on $10.548, the closing price of our common stock on August 11, 2025, the 
 grant date of the Substitute Cash Grant.                                                   |

| 66 |

The Severance and Change in Control Agreements

Each of our named executive officers is covered
by severance and change in control agreements that specify certain payments to be made in the event that such named executive officer’s
employment is terminated in certain circumstances. The severance benefits of all named executive officers are subject to customary conditions
and applicable tax and other deductions and withholdings.

The severance and change in control agreements
provide for certain compensation and benefits in the event of an involuntary termination of employment, including an involuntary termination
of employment in connection with 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