Company: SONM
Filing Date: 2025-04-29
Form Type: 10-K/A
Source: 0001641172-25-006652
Chunk: 12

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-04-29
Form: 10-K/A
Chunk 12
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 are subject to the terms and conditions of the EIP.

| 8 |

Potential Payments upon Termination or Change in Control

Each of our NEOs is covered by arrangements that specify certain payments to be made in the event that the executive’s employment is terminated in certain circumstances. These severance benefits are intended to reflect market practices and are designed to attract, retain, and appropriately incentivize and further motivate them to contribute to our short- and long-term success for the benefit of our stockholders, particularly during uncertain times. The severance benefits of all NEOs are subject to customary conditions and applicable tax and other deductions and witholdings.

Liu Employment Agreement

If we terminate Mr. Liu’s employment without cause or if he resigns for “good reason” (as defined therein) at any time up to the twelve-month anniversary of the closing of a change in control, we must pay Mr. Liu a lump-sum cash severance payable within 30 days of his termination. Such severance will consist of:

| (i) | the                                                                                       
 sum equivalent to one hundred fifty percent (150%) of his yearly base salary in effect as 
 of his termination date, and                                                              |

| (ii) | a                           
 guaranteed pro-rated bonus. |

Crolius Letter Agreement

If we terminate Mr. Crolius’s employment without cause or if he resigns for “good reason” (as defined therein) at any time up to the twelve-month anniversary of the closing of a change in control, we must pay Mr. Crolius a lump-sum cash severance payable within 30 days of his termination. Such severance will consist of:

| (i) | a                                                                          
 sum equivalent                                                             
 to six (6) months of his base salary in effect as of his termination date; 
 and                                                                        |

| (ii) | a                           
 guaranteed pro-rated bonus. |

Becher Letter Agreement

If we terminate Mr. Becher’s employment without cause or if he resigns for “good reason” (as defined therein) outside the context of a change in control, we must pay Mr. Becher a severance. Such severance will consist of:

| (i) | six                                    
 (6) months of salary continuation, and |

| (ii) | six                                
 (6) months of COBRA reimbursement. |

However, if we terminate Mr. Becher’s employment without cause or if he resigns for “good reason” at any time up to the thirteen-month anniversary of the closing of a change in control,