Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 302

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 302
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6 (the “Outside Date”);                                                                  |
| (v)   | by                                                                                                                                    
 either party in the event of the other party’s material breach or non-performance of certain representations, warranties, and         
 covenants of the Asset Purchase Agreement (a “Material Breach”);                                                                      |

| F-7 |

| (vi)  | by                                                                                                                                    
 Buyer in the event the Company’s board elects not to recommend that the Company’s stockholders approve and adopt the                  
 Asset Purchase Agreement or the Company breaches its non-solicitation obligations; and                                                |
| (vii) | by                                                                                                                                    
 the Company, if prior to obtaining the Stockholder Approval, its board of directors elects to proceed with an Alternative Transaction 
 as a result of a Superior Proposal (together with item (vi) above, the “Adverse Recommendation”).                                     |

The Company will be obligated to pay to the Buyer an amount equal to the transaction expenses reasonably incurred by the Buyer and its affiliates, plus a termination fee equal to $1,000 within three business days following the termination of the Asset Purchase Agreement, if the latter is terminated because of:

| (i)   | the                                                                        
 Asset Purchase Agreement is not consummated on or before the Outside Date; |
| (ii)  | the                                                                        
 Company’s Material Breach;                                                 |
| (iii) | the                                                                        
 Illegality;                                                                |
| (iv)  | the                                                                        
 Stockholder Approval is not obtained; or                                   |
| (v)   | the                                                                        
 Adverse Recommendation.                                                    |

Other Terms

The Asset Purchase Agreement contains customary representations and warranties of the parties. Additionally, the Company has agreed to certain covenants, including, among others, (i) covenants relating to the conduct of its business during the interim period between the execution of the Asset Purchase Agreement and its consummation and (ii) not to engage in specified types of transactions or take specified actions during such period unless agreed to in writing by the Buyer.

Because the transaction contemplates the sale of substantially all of the Company’s assets, the Company is
pursuing alternative strategies, in addition to completing the asset sale, with the objective of maximizing stockholder value. There can
be no assurance that the Asset Purchase Agreement or any additional transaction will ultimately be consummated timely or at all.

Reverse Stock Split

All common share and per-share amounts in this Form 10-Q have been retroactively restated to reflect the effect of the Reverse Stock