Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 106

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 106
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 or current and whether evidenced in writing, electronic data or otherwise), including (i)      
 customer, client, supplier or other business relation list, customer, client, supplier or      
 other business relation’s records and databases, invoices, ledgers, cost and pricing           
 information, and any other records or information pertaining to any customer, client, supplier 
 or other business relation’s accounts or records, (ii) lists, records and other information    
 pertaining to accounts and referral sources of the Legacy Business, (iii) any other            
 books, records or accounts (financial, accounting or otherwise), plans, manuals, studies,      
 reports or summaries, and (iv) any samples, sales, marketing, advertising and promotional      
 literature, materials and data, including digital marketing accounts;                          |

| ● | any rights to receive and retain mail, facsimiles, electronic mail,                              
 and other notices or communications relating to the purchased assets and the assumed liabilities 
 after the consummation of the transaction contemplated by the Asset Purchase Agreement (the      
 “Closing”); and                                                                                  |

| ● | any other assets or properties of any kind or nature of the Company                                
 or its controlled affiliates which are used or held for use in, relate to, necessary or reasonably 
 required for the ownership or operation of the Legacy Business, other than the excluded            
 assets.                                                                                            |

Notwithstanding the above, any assets that are
by their terms non-assignable without the consent of a third party are not transferred to the Buyer under the terms of the Asset Purchase
Agreement. Instead, we and the Buyer are each required to use commercially reasonable efforts to obtain any such consent, including subcontracting,
sub-licensing, or subleasing to Buyer.

Excluded Assets

Under the terms of the Asset Purchase Agreement,
the following assets pertaining to the Legacy Business (referred to in this discussion as the “excluded assets”) will not
be transferred to the Buyer and will remain our assets following the closing of the Asset Sale:

| ● | cash; |

| ● | rights of the Company and its subsidiaries (other than Acquired 
 Subsidiaries) under the Asset Purchase Agreement;               |

| ● | certain assets, contracts, and permits specifically not assumed                           
 under the Asset Purchase Agreements, together with any causes of action, claims, demands, 
 and any rights to receive communication in connection therewith;                          |

| ● | our governing documents; |

| ● | all assets, properties, contracts, and other rights of our subsidiary