Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 119

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 119
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 Asset Purchase Agreement which would result in a failure to satisfy certain 
 conditions to the consummation of the Asset Sale that are dependent on the Company’s         
 compliance with certain terms of the Asset Purchase Agreement;                               |

| ● | the Company or the Buyer terminates the Asset Purchase Agreement                                
 because an order is adopted by any governmental entity with jurisdiction over any party that    
 permanently makes the consummation of the Asset Sale illegal or otherwise permanently prohibits 
 the Asset Sale;                                                                                 |

| ● | the Company or the Buyer terminates the Asset Purchase Agreement                       
 because of the Company’s failure to obtain the required vote to approve the Asset Sale 
 Proposal;                                                                              |

| ● | the Buyer terminates the Asset Purchase Agreement because, prior                   
 to receipt of Company stockholder approval, there has been a change in the board’s 
 recommendation;                                                                    |

| ● | we terminate the Asset Purchase Agreement prior to the receipt                                   
 of Company stockholder approval in order to enter into a definitive written agreement providing  
 for a Superior Proposal received after the signing of the Asset Purchase Agreement               
 that did not result from a breach of the non-solicitation covenant binding on us and we complied 
 in all material respects with the non-solicitation covenant’s requirements binding               
 on us.                                                                                           |

Further related information is found in the sections
titled “Asset Purchase Agreement—No Solicitation” beginning on page 78.

Indemnification

We and the Buyer are required to indemnify one
another, and one another’s affiliates, officers, directors, agents, representatives, successors, and assigns, for certain losses
attributable to a breach of the representations or warranties of such party.

We and the Buyer are required to indemnify
one another, and one another’s affiliates, officer, directors, agents, representatives, successors, and assigns, for certain losses
attributable to a breach of certain covenants of such party.

| 82 |

We and the Buyer are also required to indemnify
one another, and one another’s affiliates, officers, directors, agents, representatives, successors, and assigns, for certain losses
attributable to matters specified in the Asset Purchase Agreement, including losses attributable to an excluded liability or assumed
liability, respectively.

All of the representations and warranties or covenants
required to be complied with prior to the Closing survive the Closing for the applicable survival period, which is generally twelve (12)
months for general representations and warranties, six (6) years for fundamental representations and warranties (including tax), and,
for c