Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 101

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 101
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ation             
 of the Asset Sale and do not require termination of employment: (a) on December 1, 2025 Mr. Crolius was granted a cash bonus              
 contingent upon and payable as of the consummation of the Asset Purchase Agreement, structured in the manner identical to independent     
 directors’ Phantom RSUs described above assuming the grant of $100,000 of RSUs on October 16, 2025; (b) with respect to Mr.               
 Mulica: (i) on October 16, 2025, Mr. Mulica entered into an employment agreement, pursuant to which Mr. Mulica was granted a cash         
 bonus contingent upon and payable as of the consummation of the Asset Purchase Agreement, structured in a manner identical to independent 
 directors’ Phantom RSUs described above assuming the grant of $500,000 of RSUs on October 16, 2025. Pursuant to Mr. Mulica’s              
 employment agreement, he was also granted a cash bonus that vests ratably over eight (8) quarters and accelerates vesting                 
 upon a change in control, structured in a manner identical to independent directors’ Phantom Units described above assuming               
 the grant of $250,000 of RSUs on October 16, 2025; (ii) on August 11, 2025, Mr. Mulica, then being an independent director of the         
 Company, was granted a cash bonus of $60,000 in Phantom RSUs, and such grant was not terminated. Mr. Mulica was also granted a cash       
 bonus of $50,000 in Phantom RSUs on December 1, 2025, related to Mr. Mulica’s service as Chairman, which accelerates                      
 upon a change in control.                                                                                                                 |
| (4) | Pursuant                                                                                                                                  
 to the arrangement, this amount represents the “double trigger” reimbursement payments equal to six (6) months of benefit                 
 premiums payable by the Company to Mr. Becher.                                                                                            |

No Appraisal or Dissenters’ Rights

No appraisal rights or dissenters’ rights
are available to our stockholders under Delaware law or our certificate of incorporation or bylaws in connection with the Asset Sale.

Material U.S. Federal Income Tax Consequences

The following discussion is a general summary
of the anticipated material U.S. federal income tax consequences of the Asset Sale. The following discussion is based upon the Code,
its legislative history, currently applicable and proposed Treasury Regulations under the Code and published rulings and decisions