Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 279

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 279
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, and no term of this Section 11.22may be amended, waived or modified, without the prior written consent of Seller.

<div align='center'>[remainder of page intentionally left blank]</div>

| -91- |

IN WITNESS WHEREOF, Buyer, Seller and the Seller Representative have caused this Agreement to be duly-executed, all as of the date first written above.

| BUYER:                         |
| PACE                           
 CAR ACQUISITION, LLC           |
| By:                            |
| Name:                          |
| Title:                         |
| PARENT:                        |
| Social                         
 mobile technology holdings llc |
| By:                            |
| Name:                          |
| Title:                         |
| SELLER:                        |
| Sonim                          
 Technologies, Inc.             |
| By:                            |
| Name:                          |
| Title:                         |
| SELLER                         
 REPRESENTATIVE:                |
| Name:                          |

<div align='center'>[Signature Page to Asset Purchase Agreement]</div>

<div align='center'>ANNEX I

EARN-OUT PAYMENT</div>

Pursuant to Section 2.2(c)of the Asset Purchase Agreement to which this Annex I is appended (the “ Agreement”), as deferred Purchase Price and additional consideration for the transactions contemplated by the Agreement, and subject to the terms set forth below, Seller may be entitled to, and, if so entitled, Buyer shall pay to Seller a contingent performance payment (the “ Earn-Out Payment”) determined and paid as follows (capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Agreement):

1. Earn-Out Period and Revenue Threshold.

The measurement period for the Earn-Out Payment (the “ Earn-Out Period”) shall be the twelve-month period beginning at 12:01 a.m. Eastern Time on July 1, 2025, and ending at 11:59 p.m. Eastern Time on June 30, 2026. Buyer shall have no obligation to pay any Earn-Out Payment unless the Net Revenue (as defined below) generated during the Earn-Out Period equals or exceeds Seventy Million Dollars ($70,000,000) (the “ Revenue Threshold”).

2. Calculation of Earn-Out Payment.

If, and only if, Net Revenue for the Earn-Out Period exceeds the Revenue Threshold, the Earn-Out Payment shall be an amount equal to fifty percent (50%) of Net Revenue in excess of the Revenue Threshold; provided, however, that in no event shall the aggregate Earn