Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 133

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 133
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, inquiry, assessment, examination, notice letter or other proceeding.

“ Actual Indebtedness” has the meaning set forth in Section 2.5(b).

“ Actual Net Working Capital” has the meaning set forth in Section 2.5(b).

“ Actual Transaction Expenses” has the meaning set forth in Section 2.5(b).

“ Adjustment Amount” means the amount equal to (a) the Working Capital Adjustment Amount minus(b) the Estimated Indebtedness minus (c) Estimated Transaction Expenses ( provided, that, for clarity, the “Adjustment Amount” may be a positive or negative number (if a positive number, such amount shall increase the amount payable hereunder, and if a negative number, such amount shall decrease the amount payable hereunder).

“ Adjustment Escrow Amount” means an amount equal to Two Hundred Fifty Thousand Dollars ($250,000).

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“ Adjustment Surplus” has the meaning set forth in Section 2.5(f)(i).

“ Adverse Recommendation Change” shall have the meaning set forth in Section 5.20(d).

“ Affiliate” means, with respect to any specified Person, any Person that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such specified Person, including any general partner, managing member, director or officer of such specified Person. For purposes of this definition, the term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by Contract or otherwise, and the terms “controlled” and “controlling” have meanings correlative thereto.

“ Agreement” has the meaning set forth in the preamble to this Agreement.

“ AI Technologies” means machine learning, deep learning and other artificial intelligence technologies, including statistical learning algorithms, models (including large language models), neural networks and other artificial technology tools or methodologies, all Software implementations of any of the foregoing and related hardware or equipment.

“ Alternative Transaction” shall have the meaning set forth in Section 5.20(a).

“ Ancillary Agreements” means the Bill of Sale, the Intellectual Property Assignment Agreement, the Escrow Agreement, the Transition Services Agreement, the Equity Transfer Instruments with respect to the Acquired Subsidiaries and any documents, agreements, certificates, exhibits, annexes, schedules or other instruments contemplated by this Agreement or any Ancillary Agreement.

“ Annual Financial Statements” has the meaning set