Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 110

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 110
---
2026, the Company will have Post-Closing Cash of approximately $4 million to $6
million. In this proxy statement, the term “Post-Closing Cash” refers to (i) the Cash Consideration plus (ii) the
cash, cash equivalents, and marketable securities that will be retained by the Company (and withheld from the Asset Sale) minus
(iii) (A) the transaction expenses payable by the Company at closing and (B) the payment of up to $5.9 million of our indebtedness;
provided, however, that the term “Post-Closing Cash” excludes any earn-out payments from the Buyer.

The Seller will, if the Closing occurs, pay
up to $5.9 million of our indebtedness under certain promissory notes that remain unpaid.

Guaranty

The Parent has agreed to guarantee the full, prompt, and complete payment
and performance of all obligations of the Buyer under the Asset Purchase Agreement (including payment of the Cash Consideration, all assumed
Company transaction expenses in accordance with the Asset Purchase Agreement and certain agreed upon indemnification obligations as set
forth in the Asset Purchase Agreement).

Representations and Warranties

The Asset Purchase Agreement contains representations
and warranties that Sonim, on the one hand, and Buyer, on the other hand, have made to one another as of specific dates. These representations
and warranties have been made for the benefit of the other parties to the Asset Purchase Agreement and may be intended not as statements
of fact but rather as a way of allocating the risk to one of the parties if those statements prove to be incorrect. In addition, the
assertions embodied in the representations and warranties are qualified by information in confidential disclosure schedules exchanged
by the parties in connection with signing the Asset Purchase Agreement. While Sonim does not believe that these disclosure schedules
contain information required to be publicly disclosed under the applicable securities laws, other than information that has already been
so disclosed, the disclosure schedules do contain information that modifies, qualifies, and creates exceptions to the representations
and warranties set forth in the attached Asset Purchase Agreement. Accordingly, you should not rely on the representations and warranties
as current characterizations of factual information about Sonim or Buyer; the representations and warranties were made as of specific
dates, may be intended merely as a risk allocation mechanism between Sonim and Buyer, and are modified by the disclosure schedules. If
Sonim becomes aware of material facts that contradict the representations and warranties in the Asset Purchase Agreement, Son