Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 135

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 135
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37) of ERISA), (iii) all accrued paid time off and vacation benefits owed to any current or former employees of the Business, and (iv) obligations of Seller or its Subsidiaries for the employer portion of any employment-related Taxes or other employer-related obligations, in each case arising with respect to the payment of the foregoing amounts.

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“ Board” means the board of directors of Seller or any committee duly authorized to act on behalf of the entire board of directors of Seller.

“ Bulk Sales Laws” means the bulk-transfer provisions of the Uniform Commercial Code or any similar Laws.

“ Business” has the meaning set forth in the Recitals.

“ Business Day” means each day that is not a Saturday, Sunday or other day on which banking institutions located in New York, New York or Boston, Massachusetts are authorized or obligated by Law or executive order to close.

“ Business Intellectual Property” means any Intellectual Property Rights that are used or held for use by, owned or purported to be owned by, Seller or any of its Subsidiaries in, or otherwise necessary or reasonably required for, the ownership or operation of the Business, including Third Party Technology.

“ Business Owned Intellectual Property” means any Business Intellectual Property, other than Third Party Technology.

“ Business Permits” has the meaning set forth in Section 3.7(a).

“ Business Products” means all Software, Technology and other products and services developed and in development, manufactured, made commercially available, marketed, distributed, supported, sold, imported for resale or licensed out by or on behalf of Seller in respect of the Business, that are currently under development, currently provided, sold or distributed to customers, clients or other third parties of the Business, currently licensed to customers, clients or other third parties of the Business or that have been licensed, provided, sold, or distributed to customers, clients or other third parties of the Business within the five (5) years prior to the Closing Date, including those Software products that are offered as a service over a network ( e.g., the internet).

“ Buyer” has the meaning set forth in the preamble to this Agreement.

“ Buyer Indemnified Party” has the meaning set forth in Section 10.1.

“ Buyer Purchase Price Cap” has the meaning set forth in Section 10.4(d).

“ Calculation Time” means as of immediately prior to the Closing.

“ Cash” means Seller’s and its Subsidiaries’ consolidated balance of cash on hand, cash in bank or other accounts