Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 115

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 115
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 a bona fide written unsolicited proposal or offer related to an Alternative Transaction that was not the result or effect of a violation
of non-solicitation restrictions of the Asset Purchase Agreement and was made by a person that is not an insider of the Company, and
that is on the terms that our board determines in good faith, after consultation with its financial advisors and outside legal counsel,
(a) is reasonably capable of being fully financed and reasonably likely to be consummated, if accepted, in accordance with its terms,
taking into account all legal, regulatory and financing aspects of the proposal or offer (including the sources of and terms of financing,
the form of consideration, the timing of and conditions to closing and certainty of closing) and the identity of the person making the
proposal or offer, and other aspects of such proposal and offer as the board considers to be relevant or appropriate, and (b) if consummated,
would be more favorable from a financial point of view to our stockholders than the transactions contemplated by the Asset Purchase Agreement,
in each case of clause (a) or (b), taking into account, at the time of determination, all legal, financial, regulatory and other aspects
or conditions of such proposal or inquiry as the board considers to be relevant or appropriate.

Change in Recommendation

At any time prior to, but not after, the receipt
of the Company stockholder approval, our board may effect a change in recommendation or may terminate the Asset Purchase Agreement if
we receive a bona fide proposal in connection with an Alternative Transaction that constitutes a Superior Proposal, and our board
further determines in good faith after consultation with its financial advisors and outside legal counsel that the failure to take such
action would reasonably be expected to be inconsistent with the directors’ fiduciary duties under applicable law. Additionally:

| ● | the Company must provide the Buyer written notice of such proposed           
 action and the basis thereof at least five (5) business days in advance; and |

| ● | if requested by Buyer, the Company must engage in good faith negotiations                  
 with Buyer to amend the Asset Purchase Agreement so that the Alternative Transaction offer 
 would no longer constitute a Superior Proposal or in a manner that obviates the need       
 to make a change in recommendation.                                                        |

Cooperation

We and the Buyer have agreed to cooperate with
each other and to each use reasonable efforts to promptly prepare and file all necessary documentation, effect all applications, notices,
petitions, and filings, and obtain all permits, consents, approvals