Document:

EX-10.33

 Exhibit 10.33 
  

 
 Execution Version 

December 28, 2020 
 STRICTLY CONFIDENTIAL

 Histogen Inc. 
 10655 Sorrento Valley Road, Suite 200

 San Diego, CA 92121 
 Attn: Richard W. Pascoe, Chief
Executive Officer 
 Dear Mr. Pascoe: 

This letter agreement (this “Agreement”) constitutes the agreement between Histogen Inc. (the “Company”) and
H.C. Wainwright & Co., LLC (“Wainwright”), that Wainwright shall serve as the exclusive agent, advisor or underwriter in any offering (each, an “Offering”) of securities of the Company (the
“Securities”) during the Term (as hereinafter defined) of this Agreement. The terms of each Offering and the Securities issued in connection therewith shall be mutually agreed upon by the Company and Wainwright and nothing herein
implies that Wainwright would have the power or authority to bind the Company and nothing herein implies that the Company shall have an obligation to issue any Securities. It is understood that Wainwright’s assistance in an Offering will be
subject to the satisfactory completion of such investigation and inquiry into the affairs of the Company as Wainwright deems appropriate under the circumstances and to the receipt of all internal approvals of Wainwright in connection with an
Offering. The Company expressly acknowledges and agrees that Wainwright’s involvement in an Offering is strictly on a reasonable best efforts basis and that the consummation of an Offering will be subject to, among other things, market
conditions. The execution of this Agreement does not constitute a commitment by Wainwright to purchase the Securities and does not ensure a successful Offering of the Securities or the success of Wainwright with respect to securing any other
financing on behalf of the Company. Wainwright may retain other brokers, dealers, agents or underwriters on its behalf in connection with an Offering. 

A. Compensation; Reimbursement. At the closing of each Offering (each, a “Closing”), the Company shall compensate
Wainwright as follows: 
  

	 	1.	 Cash Fee. The Company shall pay to Wainwright a cash fee, or as to an underwritten Offering an
underwriter discount, equal to 7.0% of the aggregate gross proceeds raised in each Offering. 

  

	 	2.	 Warrant Coverage. The Company shall issue to Wainwright or its designees at each Closing, warrants (the
“Wainwright Warrants”) to purchase that number of shares of common stock of the Company equal to 5.0% of the aggregate number of shares of common stock (or common stock equivalent, if applicable) placed in each Offering (and if an
Offering includes a “greenshoe” or “additional investment” component, such 

  
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number of shares of common stock underlying such “greenshoe” or “additional investment” component, with the Wainwright Warrants issuable upon the exercise of such component).
If the Securities included in an Offering are convertible, the Wainwright Warrants shall be determined by dividing the gross proceeds raised in such Offering by the Offering Price (as defined hereunder). The Wainwright Warrants shall be in a
customary form reasonably acceptable to Wainwright, have a term of five (5) years and an exercise price equal to 125% of the offering price per share (or unit, if applicable) in the applicable Offering and if such offering price is not
available, the market price of the common stock on the date an Offering is commenced (such price, the “Offering Price”). If warrants are issued to investors in an Offering, the Wainwright Warrants shall have the same terms as the
warrants issued to investors in the applicable Offering, except that such Wainwright Warrants shall have an exercise price equal to 125% of the Offering Price. 

  

	 	3.	 Expense Allowance. Out of the proceeds of each Closing, the Company also agrees to pay Wainwright
(a) a management fee equal to 1.0% of the gross proceeds raised in each Offering; (b) $35,000 for non-accountable expenses (to be increased to $50,000 in case of a public Offering); (c) up to $50,000 for
actual out-of-pocket fees and expenses of legal counsel and other out-of-pocket expenses
(to be increased to $90,000 in case of a public Offering); plus the additional amount payable by the Company pursuant to Paragraph D.3 hereunder and, if applicable, the costs associated with the use of a third-party electronic road show service
(such as NetRoadshow); provided, however, that such amount in no way limits or impairs the indemnification and contribution provisions of this Agreement. 

  

	 	4.	 Tail. Wainwright shall be entitled to compensation under clauses (1) and (2) hereunder, calculated
in the manner set forth therein, with respect to any public or private offering of equity or equity-linked securities of the Company or other equity or equity-linked financing or capital-raising transaction involving the issuance of equity or
equity-linked securities of the Company (excluding sales pursuant to the Company’s existing at-the-market facility) (“Tail Financing”) to the
extent that such financing or capital is provided to the Company by investors whom Wainwright had brought over-the-wall in connection with an Offering during the Term or
investors who participated in an Offering, if such Tail Financing is consummated at any time within the 10-month period following the expiration or termination of this Agreement. 

B. Term and Termination of Engagement; Exclusivity. The term of Wainwright’s exclusive engagement will begin on the
date hereof and end ten (10) months thereafter (the “Term”). Notwithstanding anything to the contrary contained herein, the Company agrees that the provisions relating to the payment of fees, reimbursement of expenses, tail,
indemnification and contribution, confidentiality, conflicts, independent contractor and waiver of the right to trial by jury will survive any termination or expiration of this Agreement. Notwithstanding anything to the contrary contained herein,
the Company has the right to terminate the Agreement for cause in compliance with FINRA Rule 5110(g)(5)(B)(i). The exercise of such right of termination for cause eliminates the Company’s obligations with respect to the provisions relating to
the tail fees. Notwithstanding anything to the contrary contained in this Agreement, in the event that an Offering pursuant to this Agreement shall not be carried out for any reason whatsoever during the Term, the Company shall be obligated

  
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to pay to Wainwright its actual and accountable out-of-pocket expenses related to an Offering (including the fees
and disbursements of Wainwright’s legal counsel) and, if applicable, for electronic road show service used in connection with an Offering. During Wainwright’s engagement hereunder: (i) the Company will not, and will not permit its
representatives to, other than in coordination with Wainwright, contact or solicit institutions, corporations or other entities or individuals as potential purchasers of the Securities and (ii) the Company will not pursue any financing
transaction which would be in lieu of an Offering. Furthermore, the Company agrees that during Wainwright’s engagement hereunder, all inquiries from prospective investors will be referred to Wainwright. Additionally, except as set forth
hereunder, the Company represents, warrants and covenants that no brokerage or finder’s fees or commissions are or will be payable by the Company or any subsidiary of the Company to any broker, financial advisor or consultant, finder, placement
agent, investment banker, bank or other third-party with respect to any Offering. 
 C. Information; Reliance. The
Company shall furnish, or cause to be furnished, to Wainwright all information requested by Wainwright for the purpose of rendering services hereunder and conducting due diligence (all such information being the “Information”). In
addition, the Company agrees to make available to Wainwright upon request from time to time the officers, directors, accountants, counsel and other advisors of the Company. The Company recognizes and confirms that Wainwright (a) will use and
rely on the Information, including any documents provided to investors in each Offering (the “Offering Documents”) which shall include any Purchase Agreement (as defined hereunder), and on information available from generally
recognized public sources in performing the services contemplated by this Agreement without having independently verified the same; (b) does not assume responsibility for the accuracy or completeness of the Offering Documents or the Information
and such other information; and (c) will not make an appraisal of any of the assets or liabilities of the Company. Upon reasonable request, the Company will meet with Wainwright or its representatives to discuss all information relevant for
disclosure in the Offering Documents and will cooperate in any investigation undertaken by Wainwright thereof, including any document included or incorporated by reference therein. At each Offering, at the request of Wainwright, the Company shall
deliver such legal letters (including, without limitation, negative assurance letters), opinions, comfort letters, officers’ and secretary certificates and good standing certificates, all in form and substance satisfactory to Wainwright and its
counsel as is customary for such Offering. Wainwright shall be a third party beneficiary of any representations, warranties, covenants, closing conditions and closing deliverables made by the Company in any Offering Documents, including
representations, warranties, covenants, closing conditions and closing deliverables made to any investor in an Offering. 

D. Related Agreements. At each Offering, the Company shall enter into the following additional agreements: 

 

	 	1.	 Underwritten Offering. If an Offering is an underwritten Offering, the Company and Wainwright shall
enter into a customary underwriting agreement in form and substance satisfactory to Wainwright and its counsel. 

  
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	 	2.	 Best Efforts Offering. If an Offering is on a best efforts basis, the sale of Securities to the
investors in the Offering will be evidenced by a purchase agreement (“Purchase Agreement”) between the Company and such investors in a form reasonably satisfactory to the Company and Wainwright. Wainwright shall be a third party
beneficiary with respect to the representations, warranties, covenants, closing conditions and closing deliverables included in the Purchase Agreement. Prior to the signing of any Purchase Agreement, officers of the Company with responsibility for
financial affairs will be available to answer inquiries from prospective investors. 

  

	 	3.	 Escrow, Settlement and Closing. If each Offering is not settled via delivery versus payment
(“DVP”), the Company and Wainwright shall enter into an escrow agreement with a third party escrow agent pursuant to which Wainwright’s compensation and expenses shall be paid from the gross proceeds of the Securities sold. If
the Offering is settled in whole or in part via DVP, Wainwright shall arrange for its clearing agent to provide the funds to facilitate such settlement. The Company shall pay Wainwright closing costs, which shall also include the reimbursement of
the out-of-pocket cost of the escrow agent or clearing agent, as applicable, which closing costs shall not exceed $12,900. 

 

	 	4.	 FINRA Amendments. Notwithstanding anything herein to the contrary, in the event that Wainwright
determines that any of the terms provided for hereunder shall not comply with a FINRA rule, including but not limited to FINRA Rule 5110, then the Company shall agree to amend this Agreement (or include such revisions in the final underwriting
agreement) in writing upon the request of Wainwright to comply with any such rules; provided that any such amendments shall not provide for terms that are less favorable to the Company than are reflected in this Agreement. 

E. Confidentiality. In the event of the consummation or public announcement of any Offering, Wainwright shall have the
right to disclose its participation in such Offering, including, without limitation, the Offering at its cost of “tombstone” advertisements in financial and other newspapers and journals. 

F. Indemnity. 
  

	 	1.	 In connection with the Company’s engagement of Wainwright hereunder, the Company hereby agrees to
indemnify and hold harmless Wainwright and its affiliates, and the respective controlling persons, directors, officers, members, shareholders, agents and employees of any of the foregoing (collectively the “Indemnified Persons”),
from and against any and all claims, actions, suits, proceedings (including those of shareholders), damages, liabilities and expenses incurred by any of them (including the reasonable fees and expenses of counsel), as incurred, whether or not the
Company is a party thereto (collectively a “Claim”), that are (A) related to or arise out of (i) any actions taken or omitted to be taken (including any untrue statements made or any

  
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statements omitted to be made) by the Company, or (ii) any actions taken or omitted to be taken by any Indemnified Person in connection with the Company’s engagement of Wainwright, or
(B) otherwise relate to or arise out of Wainwright’s activities on the Company’s behalf under Wainwright’s engagement, and the Company shall reimburse any Indemnified Person for all expenses (including the reasonable fees and
expenses of counsel) as incurred by such Indemnified Person in connection with investigating, preparing or defending any such claim, action, suit or proceeding, whether or not in connection with pending or threatened litigation in which any
Indemnified Person is a party. The Company will not, however, be responsible for any Claim that is finally judicially determined to have resulted from the gross negligence or willful misconduct of any such Indemnified Person for such Claim. The
Company further agrees that no Indemnified Person shall have any liability to the Company for or in connection with the Company’s engagement of Wainwright except for any Claim incurred by the Company as a result of such Indemnified
Person’s gross negligence or willful misconduct. 

  

	 	2.	 The Company further agrees that it will not, without the prior written consent of Wainwright, settle,
compromise or consent to the entry of any judgment in any pending or threatened Claim in respect of which indemnification may be sought hereunder (whether or not any Indemnified Person is an actual or potential party to such Claim), unless such
settlement, compromise or consent includes an unconditional, irrevocable release of each Indemnified Person from any and all liability arising out of such Claim. 

 

	 	3.	 Promptly upon receipt by an Indemnified Person of notice of any complaint or the assertion or institution of
any Claim with respect to which indemnification is being sought hereunder, such Indemnified Person shall notify the Company in writing of such complaint or of such assertion or institution but failure to so notify the Company shall not relieve the
Company from any obligation it may have hereunder, except and only to the extent such failure results in the forfeiture by the Company of substantial rights and defenses. If the Company is requested by such Indemnified Person, the Company will
assume the defense of such Claim, including the employment of counsel for such Indemnified Person and the payment of the fees and expenses of such counsel, provided, however, that such counsel shall be satisfactory to the Indemnified Person and
provided further that if the legal counsel to such Indemnified Person reasonably determines that having common counsel would present such counsel with a conflict of interest or if the defendant in, or target of, any such Claim, includes an
Indemnified Person and the Company, and legal counsel to such Indemnified Person reasonably concludes that there may be legal defenses available to it or other Indemnified Persons different from or in addition to those available to the Company, such
Indemnified Person will employ its own separate counsel (including local counsel, if necessary) to represent or defend him, her or it in any such Claim and the Company shall pay the reasonable fees and expenses of such counsel. If such Indemnified
Person does not request that the Company assume the defense of such Claim, 

  
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such Indemnified Person will employ its own separate counsel (including local counsel, if necessary) to represent or defend him, her or it in any such Claim and the Company shall pay the
reasonable fees and expenses of such counsel. Notwithstanding anything herein to the contrary, if the Company fails timely or diligently to defend, contest, or otherwise protect against any Claim, the relevant Indemnified Person shall have the
right, but not the obligation, to defend, contest, compromise, settle, assert crossclaims, or counterclaims or otherwise protect against the same, and shall be fully indemnified by the Company therefor, including without limitation, for the
reasonable fees and expenses of its counsel and all amounts paid as a result of such Claim or the compromise or settlement thereof. In addition, with respect to any Claim in which the Company assumes the defense, the Indemnified Person shall have
the right to participate in such Claim and to retain his, her or its own counsel therefor at his, her or its own expense. 

  

	 	4.	 The Company agrees that if any indemnity sought by an Indemnified Person hereunder is held by a court to be
unavailable for any reason then (whether or not Wainwright is the Indemnified Person), the Company and Wainwright shall contribute to the Claim for which such indemnity is held unavailable in such proportion as is appropriate to reflect the relative
benefits to the Company, on the one hand, and Wainwright on the other, in connection with Wainwright’s engagement referred to above, subject to the limitation that in no event shall the amount of Wainwright’s contribution to such Claim
exceed the amount of fees actually received by Wainwright from the Company pursuant to Wainwright’s engagement. The Company hereby agrees that the relative benefits to the Company, on the one hand, and Wainwright on the other, with respect to
Wainwright’s engagement shall be deemed to be in the same proportion as (a) the total value paid or proposed to be paid or received by the Company pursuant to the applicable Offering (whether or not consummated) for which Wainwright is
engaged to render services bears to (b) the fee paid or proposed to be paid to Wainwright in connection with such engagement. 

  

	 	5.	 The Company’s indemnity, reimbursement and contribution obligations under this Agreement (a) shall be
in addition to, and shall in no way limit or otherwise adversely affect any rights that any Indemnified Person may have at law or at equity and (b) shall be effective whether or not the Company is at fault in any way. 

G. Limitation of Engagement to the Company. The Company acknowledges that Wainwright has been retained only by the
Company, that Wainwright is providing services hereunder as an independent contractor (and not in any fiduciary or agency capacity) and that the Company’s engagement of Wainwright is not deemed to be on behalf of, and is not intended to confer
rights upon, any shareholder, owner or partner of the Company or any other person not a party hereto as against Wainwright or any of its affiliates, or any of its or their respective officers, directors, controlling persons (within the meaning of
Section 15 of the Securities Act or Section 20 of the Securities Exchange Act of 1934, as amended (the 

  
 6 

 
“Exchange Act”)), employees or agents. Unless otherwise expressly agreed in writing by Wainwright, no one other than the Company is authorized to rely upon this Agreement or any
other statements or conduct of Wainwright, and no one other than the Company is intended to be a beneficiary of this Agreement. The Company acknowledges that any recommendation or advice, written or oral, given by Wainwright to the Company in
connection with Wainwright’s engagement is intended solely for the benefit and use of the Company’s management and directors in considering a possible Offering, and any such recommendation or advice is not on behalf of, and shall not
confer any rights or remedies upon, any other person or be used or relied upon for any other purpose. Wainwright shall not have the authority to make any commitment binding on the Company. The Company, in its sole discretion, shall have the right to
reject any investor introduced to it by Wainwright. 
 H. Limitation of Wainwright’s Liability to the Company.
Wainwright and the Company further agree that neither Wainwright nor any of its affiliates or any of its or their respective officers, directors, controlling persons (within the meaning of Section 15 of the Securities Act or Section 20 of
the Exchange Act), employees or agents shall have any liability to the Company, its security holders or creditors, or any person asserting claims on behalf of or in the right of the Company (whether direct or indirect, in contract, tort, for an act
of negligence or otherwise) for any losses, fees, damages, liabilities, costs, expenses or equitable relief arising out of or relating to this Agreement or the services rendered hereunder, except for losses, fees, damages, liabilities, costs or
expenses that arise out of or are based on any action of or failure to act by Wainwright and that are finally judicially determined to have resulted solely from the gross negligence or willful misconduct of Wainwright. 

I. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York
applicable to agreements made and to be fully performed therein. Any disputes that arise under this Agreement, even after the termination of this Agreement, will be heard only in the state or federal courts located in the City of New York, State of
New York. The parties hereto expressly agree to submit themselves to the jurisdiction of the foregoing courts in the City of New York, State of New York. The parties hereto expressly waive any rights they may have to contest the jurisdiction, venue
or authority of any court sitting in the City and State of New York. In the event Wainwright or any Indemnified Person is successful in any action, or suit against the Company, arising out of or relating to this Agreement, the final judgment or
award entered shall be entitled to have and recover from the Company the costs and expenses incurred in connection therewith, including its reasonable attorneys’ fees. Any rights to trial by jury with respect to any such action, proceeding or
suit are hereby waived by Wainwright and the Company. 
 J. Notices. All notices hereunder will be in writing and sent
by certified mail, hand delivery, overnight delivery or e-mail, if sent to Wainwright, at the address set forth on the first page hereof, e-mail: notices@hcwco.com,
Attention: Head of Investment Banking, and if sent to the Company, to the address set forth on the first page hereof, e-mail: _________________, Attention: Chief Executive Officer. Notices sent by certified
mail shall be deemed received five days thereafter, notices sent by hand delivery or overnight delivery shall be deemed received on the date of the relevant written record of receipt, notices sent by e-mail
shall be deemed received as of the date and time they were sent. 

  
 7 

 K. Conflicts. The Company acknowledges that Wainwright and its
affiliates may have and may continue to have investment banking and other relationships with parties other than the Company pursuant to which Wainwright may acquire information of interest to the Company. Wainwright shall have no obligation to
disclose such information to the Company or to use such information in connection with any contemplated transaction. 
 L.
Anti-Money Laundering. To help the United States government fight the funding of terrorism and money laundering, the federal laws of the United States require all financial institutions to obtain, verify and record information that identifies
each person with whom they do business. This means Wainwright must ask the Company for certain identifying information, including a government-issued identification number (e.g., a U.S. taxpayer identification number) and such other information or
documents that Wainwright considers appropriate to verify the Company’s identity, such as certified articles of incorporation, a government-issued business license, a partnership agreement or a trust instrument. 

M. Miscellaneous. The Company represents and warrants that it has all requisite power and authority to enter into and
carry out the terms and provisions of this Agreement and the execution, delivery and performance of this Agreement does not breach or conflict with any agreement, document or instrument to which it is a party or bound. This Agreement shall not be
modified or amended except in writing signed by Wainwright and the Company. This Agreement shall be binding upon and inure to the benefit of both Wainwright and the Company and their respective assigns, successors, and legal representatives. If any
provision of this Agreement is determined to be invalid or unenforceable in any respect, such determination will not affect such provision in any other respect, and the remainder of the Agreement shall remain in full force and effect. This Agreement
may be executed in counterparts (including electronic counterparts), each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 

********************* 

  
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 In acknowledgment that the foregoing correctly sets forth the understanding reached by
Wainwright and the Company, please sign in the space provided below, whereupon this letter shall constitute a binding Agreement as of the date indicated above. 

 

			
	Very truly yours,
	
	H.C. WAINWRIGHT & CO., LLC
		
	By:	 	/s/ Edward D. Silvera
		 	Name: Edward D. Silvera
		 	Title: Chief Operating Officer
		 	Date: 12/28/2020

  

			
	Accepted and Agreed:
	
	HISTOGEN INC.
		
	By:	 	/s/ Richard Pascoe
		 	Name: Richard Pascoe
		 	Title: President & CEO

  
 9EX-10.1

 CERTAIN INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN EXCLUDED
PURSUANT TO REGULATION S-K, ITEM 601(b)(10). SUCH EXCLUDED INFORMATION IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. 

Exhibit 10.1 
 ASSET
PURCHASE & EMPLOYEE TRANSFER AGREEMENT 
 DECEMBER 22, 2020 

Sonim Technologies (India) Private Limited 

Seller 
 and 

Coforge Ltd. 
 Purchaser

  

1  |  Page 

 TABLE OF CONTENTS 

 

							
	 Sr. No.
	 	 Particulars
	  	Page No.	 
	 1.
	 	 Definitions and Interpretation
	  	 	3	 
			
	 2.
	 	 Sale of Specified Assets and Transfer of Employees
	  	 	4	 
			
	 3.
	 	 Purchase Price
	  	 	4	 
			
	 4.
	 	 Representations and Warranties
	  	 	6	 
			
	 5.
	 	 Conditions Precedent
	  	 	6	 
			
	 6.
	 	 Conduct Prior to Closing
	  	 	6	 
			
	 7.
	 	 Closing
	  	 	7	 
			
	 8.
	 	 Post-Closing Obligations
	  	 	7	 
			
	 9.
	 	 Conditions Subsequent
	  	 	8	 
			
	 10.
	 	 Indemnification and Limitation of Liability
	  	 	9	 
			
	 11.
	 	 Confidentiality
	  	 	9	 
			
	 12.
	 	 Term & Termination
	  	 	10	 
			
	 13.
	 	 Miscellaneous
	  	 	11	 
			
	 14.
	 	 Schedule A- Definitions and Interpretation
	  	 	15	 
			
	 15.
	 	 Schedule B- Representations & Warranties
	  	 	19	 
			
	 16.
	 	 Schedule C-Disclosure Schedule
	  	 	23	 
			
	 17.
	 	 Schedule D- Conditions Precedent
	  	 	24	 
			
	 18.
	 	 Schedule E- Deliverables to Purchaser at Closing
	  	 	25	 
			
	 19.
	 	 Schedule F- Specified Employees
	  	 	26	 
			
	 20.
	 	 Schedule G- Description of the Specified Assets
	  	 	27	 
			
	 21.
	 	 Schedule H- Required Contracts Consents
	  	 	28	 

  

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 ASSET PURCHASE & EMPLOYEE TRANSFER AGREEMENT 

THIS ASSET PURCHASE AGREEMENT (“Agreement”) is entered into on the 22nd day of December,
2020, 
 BETWEEN: 
 Sonim Technologies (India) Private
Limited, a company duly incorporated under the Companies Act, 1956 and having its registered at ‘Srigandha Arcade’, No. 564/564-1, 9th Cross, JP Nagar 3rd Phase, Bangalore 560 078 (herein after referred to as the “Seller”, which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its
successors and assigns) of the FIRST PART; 
 Coforge Ltd., a company duly incorporated under the Companies Act, 1956 and having its registered
office at No. 8 Balaji Estae, Guru RaviDas Marg, Third Floor, Kalkaji, New Delhi 110 019 (herein after referred to as the “Purchaser”, which expression shall, unless repugnant to the context or meaning thereof, be deemed to
mean and include its successors and assigns) of the SECOND PART; and 
 (The Purchaser and the Seller shall be individually referred to as a
“Party” and collectively referred to as the “Parties”, as the context may require). 
 WHEREAS: 

 

	A.	 The Seller is inter alia engaged in the business of providing ultra-rugged mobility solutions designed
specifically for task workers physically engaged in their work environments, often in mission-critical roles. The Seller specializes in workforce-critical communication and connectivity tools for industrial enterprises and public sector agencies
including end customers in construction, energy and utility, hospitality, logistics, manufacturing, public safety and transportation. 

  

	B.	 The Purchaser is an Indian company incorporated on and from 1992 and is engaged in providing information
technology solutions to various industries on global basis. 

  

	C.	 The Seller has agreed to sell and the Purchaser has agreed to purchase the Specified Assets (as defined
hereinafter) free from all Liabilities on the terms and conditions of this Agreement. Furthermore, the Seller has agreed to transfer and Purchaser has agreed to employ Seller’s employees, as listed in schedule hereinafter, on the terms and
conditions of this Agreement. 

 NOW THEREFORE, in consideration of the above recitals, the representations, warranties, covenants
and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: 

 

	1.	 DEFINITIONS AND INTERPRETATION 

 

	1.1	 The capitalized terms used in this Agreement shall have the meanings ascribed to them at Part A to
Schedule “A” to this Agreement. 

  

	1.2	 Agreement shall be interrelated in a manner and on the basis of principles as provided in Part B to
Schedule “A” to this Agreement. 

  

3  |  Page 

	2.	 SALE OF SPECIFIED ASSETS & TRANS.FER OF EMPLOYEES 

 

	2.1	 Sale of Specified Assets. The Seller hereby agrees to sell, assign, convey and transfer, the Specified
Assets free from all Liabilities and Liens to the Purchaser, and the Purchaser agrees to purchase the Specified Assets on the terms of this Agreement, at Closing. It is hereby stated that Seller also agrees to sell, assign, convey and transfer the
license, access and right to use the software embedded within or installed on the Specified Assets alongside the Specified Assets. 

  

	2.2	 Liabilities. All other statutory dues and liabilities relating to the Specified Assets and accruing in
relation to the period after the Closing shall be discharged by the Purchaser. 

  

	2.3	 Title and Risk. Subject to the terms and conditions of this Agreement, title to and risk in the
Specified Assets shall pass to the Purchaser at the Closing. 

  

	2.4	 Transfer of Employees: The Seller hereby agrees to transfer its employees (‘Specified
Employees’) and Purchaser has agreed to offer employment to such employees on similar terms as employed while at the Seller. Such comparable tem1s offered by the Purchaser would include the following terms: 

 

	 	a)	 No Probation Period would be insisted by the Purchaser upon on boarding Specified Employees.

  

	 	b)	 Cost to Company (CTC) offered by the Purchaser shall not be lower than CTC of the Specified Employees at the
date of closing, as stated within Schedule F. 

  

	 	c)	 Insurance coverage offered by the Purchaser to the Specified Employees will be comparable or better than the
Insurance coverage offered by the Seller and existing at the date of closing. 

 The Seller agrees to settle the liability
for salary, expense reimbursements, bonus, allowances, accrued leave balances, gratuity and all other sums due up to the date of closing and no liability for leave encashment or gratuity or benefits or dues before the Closing Date would be assumed
by the Purchaser under this Agreement. 
 Details of employees who are subject matter of transfer under this Agreement is provided in
Schedule F - ‘Specified Employees’. The Purchaser assures that the above terms incorporated in the employment contracts in respect of Specified Employees shall not be altered to the detriment of such employees within [***] after the date
of closing. 
 The Seller ceases to be the employer of Specified Employees so transferred under this Agreement, upon closing and the
Purchaser shall be the de facto and de jure employer of the Specified Employees from the date of closing. 
 Notwithstanding
anything to the contrary, all duties, obligations and liabilities in respect of employment services rendered by such Specified Employees after the Closing date shall be borne and discharged solely by the Purchaser. 

 

	3.	 PURCHASE PRICE 

 

	3.1	 (a) Purchase Price: As the overall transaction under this Agreement is negotiated by the Parties for
their mutual benefit with a view to further the business interests in accordance with their long term business strategy, it is hereby agreed by the Parties that no monetary consideration shall be due and payable by the Purchaser, for the sale of
specified assets and transfer of 

  

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employees undertaken by the Seller under this Agreement. It is further agreed between the parties that for the limited purposes of levy of taxes, the fair market value (FMV) of the assets
transferred under this Agreement would be INR [***] (Indian Rupees [***]). The list of assets transferred is pending physical verification by the purchaser and in case there is any deviation between the Asset Schedule as attached to this Agreement
and on completion of the physical verification, an amendment to the Asset Schedule shall be executed between both Parties. 

(b) Deposit: The Seller or its affiliate agrees to make an upfront payment of non-interest bearing
returnable deposit in the amount of $[***] ([***]) (hereinafter “Deposit”) with the Purchaser or its affiliate within [***] from the date of closing. Unless the deposit is forfeited by the Purchaser for breach of payment terms as agreed
upon by the Parties in a separate Statement of Work (SoW), it is returnable to the Seller without making any adjustments or deductions therefrom. The deposit shall be due for repayment by the Purchaser, within [***], if this Agreement is terminated
at the behest of the Seller on a premature basis or upon completion of the validity period of this Agreement. The Purchaser has right to forfeit I 00% of the Deposit paid by the Seller for breach of payment terms as agreed upon by the Parties in a
separate Statement of Work (SoW) beyond thirty days from the due date of payment of the invoice. 
  

	3.2	 Promise by the Seller: The Seller commits to the Purchaser a minimum value of future business volume to
be transacted with the Purchaser or its affiliates, either by itself or through any of its affiliates. Such future business between the Seller and the Purchaser is expected to be separately negotiated and transacted independently, at rates agreed
upon on an arm’s length basis. The Seller’s promise to the Purchaser under this Agreement shall be limited to commitment extended to the Purchaser of future business volume over the next 3 (Three) years in the amount of Seven Million One
Hundred Twenty Thousand United States Dollars (7.12 Million USD) of which the Seller further commits to the Purchaser that a minimum value of Three Million and One Hundred Thousand United States Dollars (3. IO Mn USD) shall be the assured value of
business in Year 1. 

  

	3.3	 Taxes: The Purchaser shall be responsible for payment of all Taxes payable in respect of the sale
of Specified Assets. This includes Stamp duties, GST, Income tax to be collected at source (TCS) and any other fees, cess or such other charges payable to any administrative or regulatory authority in relation to the transfer of Specified Assets as
contemplated under this Agreement. The GST paid should be reflected in GSTR2A of Purchaser as per the provisions of the GST. 

  

	3.4	 The Purchaser shall be responsible for regular maintenance and operating expenses in relation to Specified
Assets, including but not limited to service arrangements, lease rentals, AMCs, license fees, subscription fee for software, maintenance contracts, security arrangements, janitorial services etc., which may be incurred post the date of closing. The
Seller agrees to put [***] to ensure the transition of vendor contracts (as specified in Schedule H) to the Purchaser to ensure continuity of business on a seamless basis. It is agreed between the Parties that that such regular maintenance and
operating expenses are on an average USD [***] per month, till May 2021. Any costs over and above the average cost calculated from Jan 2021 till May 2021 shall be borne by Seller. The Purchaser agrees to provide detailed account of the cost overrun
and the Seller must be afforded an opportunity for verifying the correctness of claim before accepting the cost overrun to be reimbursed. 

  

	3.5	 

  

5  |  Page 

	3.6	 Early fulfilment of Seller’s obligations: In the event of Seller fulfilling its obligation by
transacting the total business volume by the end of two (2) years from the date of closing of this Agreement, instead of 3 (three) years as contemplated in para 3.2 above, then the seller would not have any further obligation towards business
volume commitment under this Agreement. 

  

	3.7	 Consequences of non-fulfilment of Business Volume commitment by the
Seller: The Seller and the Purchaser both agree towards achieving a minimum business volume of [***] ([***] Million USD) during the First year of this Agreement after closing. The Seller does not intend to terminate the Agreement and the
commitment during the first year and intends to transact the committed volume of business with the Purchaser. However, if the Seller were to terminate or cancel the Agreement after first six months (hereinafter “Lock-down period”) within
year one (1) after the date of Closing, Seller agrees to pay to the Purchaser an all-inclusive amount as premature contract termination fee which would be lower of One Million Five Hundred Thousand United
States Dollars (1.5 Million USD) OR difference between the business volume fulflled by the Seller during the year and the amount of project investment expected by the Purchaser (estimated and agreed between the parties i.e. [***] Million USD)
(hereinafter “Prematme Contract Termination Fees”). In the event of premature contract termination, either by payment of fee or by issue of notice, the Purchaser hereby accepts that the Seller retains its right to re-employ Specified employees back on its rolls as per the terms agreed for solicitation in Clause 8.5. 

  

	3.8	 Seller’s right to re-employ the Specified Employees: In the
event of non-fulfilment of business volume committed by the Seller as contemplated under para (3.2) above, the Seller insists and the Purchaser agrees to transfer Specified Employees as agreed under Clause 8.5
back to the Seller to be re-employed by the Seller. 

  

	4.	 REPRESENTATIONS AND WARRANTIES 

The Seller represents and warrants to the Purchaser that the statements contained in Part A to Schedule “B” are true and
correct and shall remain true as on the Closing Date. The Purchaser represents and warrants to the Purchaser that the statements contained in Part B to Schedule “B” are true and correct and shall remain true as on the Closing Date.

 The representations and warranties, and to the extent that they have not been fully performed at or prior to the Closing Time, the
covenants and agreements, contained in this Agreement shall survive the Closing for the maximum period allowable under Applicable Law. 
  

	5.	 CONDITIONS PRECEDENT 

The obligations of the Purchaser to proceed with the Closing of the transactions contemplated under this Agreement shall be subject to the
fulfilment on or before the Closing of each of the conditions precedent set out at Schedule “D” to this Agreement. 
  

	6.	 CONDUCT PRIOR TO CLOSING 

Conduct of business of Seller. During the period from the date of this Agreement and up to the Closing, the Seller agrees that it shall
(a) carry on the Business in the Ordinary Course of Business in substantially the same manner as heretofore conducted; (b) pay its debts and Taxes when due, (c) pay or perform other obligations when due; and (d) preserve intact
the Specified Assets and preserve its relationship with, customers and lessors, having business dealings with it, to the end that its ongoing ability to provide services shall be unimpaired at the Closing. 

  

6  |  Page 

	7.	 CLOSING 

Subject to the fulfilment of the Conditions Precedent set forth in Schedule “D” hereto and the receipt of the Deliverables by the
Purchaser set forth in Schedule “E”, the Closing will be in accordance with the terms of this Agreement. On or prior to the Closing, the Seller shall make the deliveries listed at Schedule “E” to the Purchaser. 

 

	8.	 POST-CLOSING OBLIGATIONS 

 

	8.1	 On and after Closing, the Seller shall be obliged to [***] deliver to the Purchaser any payment, notice,
correspondence, information or enquiry in relation to the Specified Assets or transferred employees, which it receives. 

  

	8.2	 The Seller and Purchaser both agree that the Seller’s Specified employees continues to have access to both
Seller’s and Purchaser’s physical work locations during the term of this Agreement. The Seller continues to have umestricted access to reach out to Specified Employees during the term of this Agreement until the Specified Employee are
deployed on Sonim projects. The Purchaser agrees that Specified Employees who are transferred under this Agreement could be deployed to projects other than those awarded by the Seller or its affiliates, with prior approval of the Seller’s
representative in writing. Seller hereby states that such approval shall not be unreasonably withheld without valid reasons. 

  

	8.3	 The Seller hereby agrees to specifically bear the cost of subscription towards Cloud Bees Accelerator Software
which is expected to be due for renewal in the first quarter of year 2021. If Purchaser makes the payment for this specific software, the Seller agrees to reimburse the cost within [***] of making the payment and notifying the Seller.

  

	8.4	 The Purchaser hereby agrees to engage vendors who are providing technical man power to the Seller at the date
of closing of this Agreement on the same terms and conditions and further undertakes to engage the pool of technical consultants working on the current projects at least for a period identified as last date for each of such projects. A list of such
consultants along with associated vendor names and the costs of such consultants of the project is provided as part of Schedule H - Part B. 

  

	8.5	 (a) Seller undertakes that it shall not directly or indirectly solicit, induce, hire, recruit or encourage any
of the Specified Employees or Purchaser’s employees (hereinafter “Personnel”) to leave their employment directly or indirectly either for themselves or for any other person or entity or its affiliate or group companies or customers or
client (s) during the term of this Agreement and for a period of six months thereafter. Seller agrees that in the event of a breach of this undertaking, damages may not be an adequate remedy and Purchaser may wish to apply for an injunction or
other form of interlocutory relief or to take other action. Nevertheless, the Seller shall pay to Purchaser liquidated damages (as is agreed to be a genuine pre-estimate of the loss likely to be suffered by
Purchaser as a result) a sun1 representing the gross amount payable to the person concerned during the last Three (3) months immediately prior to such employment but without prejudice to the other rights and remedies of Purchaser pursuant to
this Agreement and at law. To pay the liquidated damages will not give the right to the breaching Party to continue the breach, i.e. the breaching Party will discontinue the breach immediately. Notwithstanding anything contained in this clause, the
Seller has a right to approach the Purchaser and make a request for taking back any of the Specified employee transferred under this Agreement, during the term of the Agreement and the solicitation of employees shall be effected with mutual consent
of both Parties. 

  

7  |  Page 

 (b) In the event of an early termination of this Agreement, the Seller has the right to
solicit Specified Employees working on Seller’s projects at the time of such termination. However, Specified Employees who may be ramped down as per the agreed plan shared by Seller with the Purchaser, such employees can be solicited by the
Seller upto a period of three months from the date of ramp down. The Specified Employees who may be ramped down in the first three months after the Closing Date could be solicited upto a period of one (1) month after Lock-Down period. 

 

	9.	 CONDITIONS SUBSEQUENT: 

Within [***] days after the Closing, the Seller shall: 
  

	a.	 Apply for and receive all of the Required Contract Consents on terms not less favourable than those applicable
to the Seller immediately prior to Closing. All liabilities arising in relation to defaults under the Transferred Contracts due to their assignment without the Required Contract Consent shall be borne and discharged by the Seller, and the Purchaser
shall not be responsible for the same. 

  

	b.	 (i) It is agreed between the Parties that Lease Agreement as listed in Schedule G. l for the premises currently
in the occupation of the Seller and the corresponding deposit amount shall continue to be in name of Seller. Seller shall get the defect liabilities assessed by the Landlord before the Closing Date and shall bear any liabilities accrued till the
Closing Date. Post Closing, Purchaser agrees to reimburse the lease rentals at the rate of Rs. 14,30,250 (INR Fourteen lakh thirty thousand two hundred fifty only) including applicable taxes, [***], till the end of May 2021 in accordance with the
lease agreement currently subsisting between the Seller and the Landlord. Seller shall seek approval from the Lessor of the Lease Agreement under Clause 17 of the Lease Agreement for the use of the property by the Purchaser till the end of term of
Lease Agreement. 

 (ii) After the date of closing and before the expiry of the lease term, the Purchaser commits that it
shall be solely responsible for any defects or damages or any other levies for violation of the terms of the lease agreement, in respect of the leased premises. The Purchaser also agrees to be bound by all the existing terms and conditions of the
lease until its expiry. If Purchaser seeks any modification(s) to the structure or branding requirements that requires any specific approval by the Landlord as per the terms of the lease agreement, the Purchaser must seek [***]. The Seller would
lend limited assistance for approaching the office of the Landlord in such cases. 
 (iii) In any event, both Seller and Purchaser agree that
the lease agreement currently existing in favour of the Seller shall not be renewed after its expiry period at the end of May 2021 and the Seller is obligated to issue notice of termination in accordance with the lease agreement. 

 

	c.	 Transfer the accumulated balances of the Employees to the provident fund maintained by Purchaser with the
Regional Provident Fund Commissioner. 

  

	d.	 Issue letters to all appropriate Governmental Authorities intimating them of the transfer of Specified
Employees to the Purchaser, as may be legally required. 

  

	e.	 Insurance contracts if any on which premiums have been previously paid by the Seller in respect of assets or
the leased premises would be transferred in the name of the Purchaser subject to feasibility under the Insurance contract and the concurrence of the Insurer. Seller would make [***] for coordination with the insurer. 

  

8  |  Page 

	10.	 INDEMNIFICATION & LIMITATION OF LIABILITY 

 

	10.1	 (a) Each Party (an “Indemnifying Party”) agrees to indemnify and keep indemnified and
hold harmless the other Party (the “Indemnified Party”) from and against any and all losses, penalties, judgments, suits, costs, claims, liabilities, assessments, damages and expenses (including, without limitation, reasonable
attorneys’ fees and disbursements) incurred by, imposed upon arising from or asserted against the other Party as a result of relating to or arising out of any breach, default or non-compliance under this
Agreement. 

 (b) Seller undertakes to indemnify and hold the Purchaser harmless against all losses which it may suffer or
incur from any breach of warranties set out in Schedule B, Part A under this Agreement. The Seller undertakes to indemnify Purchaser in respect of claims by the third parties emanating in this regard only if losses or damages are finally determined
by arbitration or a court of law and the Seller must be allowed to have a fair opportunity for denial of claims made and put up a defence. 
  

	10.2	 Procedure for Indemnification. 

 

	 	a.	 The Indemnified Party shall give notice to the Indemnifying Party of any claim, specifying in reasonable detail
the factual basis for the claim, the amount thereof, estimated in good faith, all with reasonable particularity and containing a reference to the provisions of this Agreement in respect of which such claim shall have occurred. 

 

	 	b.	 The Indemnified Party and the Indemnifying Party shall consult with each other and in good faith endeavor to
resolve any claims under this Section in a mutually acceptable manner. 

  

	10.3	 Other Rights and Remedies Not Affected. The indemnification rights of the parties under Section 11
are independent of, and in addition to, such rights and remedies as the parties may have at law or in equity or otherwise for any misrepresentations, breach of warranty or failure to fulfil any agreement or covenant hereunder on the part of any
party hereto, including the right to seek specific performance, rescission, or other injunctive relief, none of which rights or remedies .shall be affected or diminished thereby. 

 

	10.4	 Except for indemnification provided in Clause I 0.1 above, none of the Parties are liable for any indirect,
consequential and special losses even if the other Party is aware or made aware of such a possibility. 

  

	11.	 CONFIDENTIALITY: 

 

	11.1	 Each Party shall keep and procure to be kept secret and confidential all Confidential Information belonging to
the disclosing Party and disclosed or obtained as a result of the relationship of the Parties under this Agreement and shall not use nor disclose the same save for the purposes of the proper performance of this Agreement or with disclosing
Party’s prior written consent. Where disclosure is made to any employee, consultant, sub-contractor or agent, it shall be done subject to obligations equivalent to those set out in this Agreement and the
receiving Party agrees to ensure that if disclosing Party so requests prior to such disclosure such 

  

9  |  Page 

	 	
employee, consultant, sub-contractor or agent (and disclosing party hereby so requests in respect of each employee or staff or consultant or agent, to the
extent practicable) enters into a deed of covenant with disclosing party in the form as disclosing Party may reasonably request. The receiving Party shall use its best endeavors to procure that any such employee, consultant, sub-contractor or agent complies with such obligations. The receiving Party shall be responsible to disclosing Party in respect of any disclosure or use of such Confidential Information by a person to whom
disclosure is made. 

 The obligations of confidentiality in this clause shall not extend to any matter which the receiving
Party can show: 
  

	 	(a)	 Is in, or has become part of, the public domain other than as a result of a breach of the obligations of
confidentiality under this Agreement; or 

  

	 	(b)	 Was in its written records prior to the Effective Date; or 

 

	 	(c)	 Was independently disclosed to it by a third party entitled to disclose the same; or 

 

	 	(d)	 Is required to be disclosed under any applicable law, or by order of a court or governmental body or authority
of competent jurisdiction or administrative order. 

 The receiving Party shall take all necessary steps to ensure that any
data or information which comes into its possession of control is adequately protected and in particular the receiving Party shall not use the data or information nor reproduce the data or information in whole or in part in any form except as may be
required by this Agreement. 
  

	12.	 TERM & TERMINATION 

This Agreement shall enter into effect from the date of its execution by both the parties hereto. 

This Agreement may be terminated at any time prior to Closing: 
  

	 	(a)	 By mutual written consent of Seller and Purchaser; 

 

	 	(b)	 By Purchaser, upon written notice to the Seller, if there has been (x) a breach of any Warranty on
the part of Seller, or if any Warranty of Seller shall have become untrue in any respect, or (y) a breach by Seller of any of its covenants or agreements hereunder and such breach is not cured within Seven (7) days after notice thereof by
Purchaser. 

  

	 	(c)	 By Purchaser, in the event that Seller becomes or is declared insolvent or bankrupt, makes an assignment
for the benefit of all or substantially all of its creditors, enters into an agreement for the composition, extension or readjustment of all or substantially all or of its obligations, or becomes the subject of any Proceedings related to its
liquidation or insolvency or for the appointment of a receiver or similar officer. 

 This Agreement may be terminated
after the date of closing in the following manner: 
  

	 	(a)	 Termination by notice: The Seller may terminate this Agreement any time after (i) six months from the date
of Closing by paying a Premature Contract Termination Fees; or (ii) any time after one year from the date of Closing by issuing a prior written notice of its intention to terminate the Agreement at least 90 days in advance. The Seller is
absolved of all its rights and obligations upon termination except its obligation towards payment of outstanding invoices for the business commitment provided to Purchaser or its affiliates and its right of solicitation and re-employment of Specified employees as specified elsewhere in the Agreement. 

  

10  |  Page 

	 	(b)	 Termination for breach of payment terms: The Purchaser may terminate this Agreement anytime during the Term of
the Agreement by issue of Five (5) days’ written notice, in case the Seller breaches the terms of payment agreed upon by the parties in a separate Statement of Work (SoW). Such right can be exercised by the Purchaser only if the default
continues 30 days beyond payment due date of the invoice(s). The Purchaser has additional right to forfeit 100% of the Deposit paid by the Seller, for breach of payment terms agreed upon by the parties in a separate Statement of Work (SoW) by issue
of Five (5) days’ written notice. Each party is responsible for its obligation of payment of applicable taxes including GST and Income Tax, on forfeiting the advance. 

The Parties agree that the term of this Agreement would be valid for a period of Five (5) years from the date of closing. This extended
period is provided with a practical view, to make up for the shortfall of business volume committed by the Seller, if any (per para 3.2 above) within the initial period of three (3) years and the Seller’s reimbursement obligation (per para
3.5 above) would also be extended accordingly. Notwithstanding anything contained anywhere in this Agreement, mutual rights and obligations of the Parties under this Agreement would terminate at the end of Five (5) years from the date of
closing. 
  

	13.	 MISCELLANEOUS 

 

	13.1	 Specific Performance. The parties hereto acknowledge and agree that Damages alone would not
provide an adequate remedy for any breach or threatened breach of the provisions of this Agreement and therefore that, without prejudice to any and all other rights and remedies a party may have (including but not limited to, Damages), such party
shall be entitled without proof of special Damage to the remedies of injunction, specific performance and other equitable relief for any threatened or actual breach of such provisions. The remedies set forth in this Section 13.2 are cumulative
and shall in no way limit any other remedy any party hereto has at law, in equity or pursuant hereto. 

  

	13.2	 Successors and Assignees. This Agreement shall be binding upon and inure to the benefit of the
Parties and their respective successors and permitted assignees. 

  

	13.3	 Governing Law and Jurisdiction. This Agreement shall be governed by the laws of India and subject
to clause 13.3, shall be subject to jurisdiction of courts in Bengaluru, Karnataka. 

  

	13.4	 Arbitration. The parties hereto irrevocably agree that any dispute, controversy or claim arising
out of, relating to or in connection with this Agreement (including any provision of any exhibit, annex or schedule hereto) or the existence, breach, termination or validity hereof shall be finally settled by arbitration. The arbitration shall be
conducted in accordance with the Arbitration and Conciliation Act, 1996. The arbitration shall be held in Bengaluru, and shall be conducted by a sole arbitrator appointed by mutual consent of the Seller and the Purchaser, or failing such agreement,
such sole arbitrator shall be appointed as per the applicable rules under Arbitration and Conciliation Act, 1996. Nothing in this Section 13.4 shall prevent the parties from obtaining relief from a court of competent jurisdiction in the form of
provisional or conservatory measures (including, without limitation, preliminary injunctions to prevent breaches hereof). Any request for such provisional measures by a party to a court shall not be deemed a waiver of this agreement to arbitrate.
Parties hereby agree that in case of any dispute, they would first exhaust Arbitration as a remedy before approaching court(s) of competent jurisdiction. 

  

11  |  Page 

	13.5	 Notices. All notices, requests, demands and other communications which are required or may be given
pursuant to the terms of this Agreement shall be in writing and shall be deemed delivered (i) on the date of delivery when delivered by hand; (ii) on the date of transmission when set by facsimile transmission during normal business hours
with telephone confirmation of receipt; (iii) three (3) days after dispatch when sent by a reputable courier service that maintains records of receipt; or (iv) seven (7) days after dispatch when sent by first class or airmail letter,
provided, however, that in any such case, such communication is addressed to the address as provided in Section 13.5. All notices, requests, demands and other communications which are required or may be given pursuant to the terms of this
Agreement shall be addressed as follows: 

  

	 	a.	 If to Seller 

	 	(i)	 Name:            [***] 

	 	(ii)	 Address:        [***] 

	 	(iii)	 Attention:      [***] 

	 	(iv)	 Email:            [***] 

               [***] 

 

	 	b.	 If to Purchaser:      [***] 

	 	(i)	 Name 

	 	(ii)	 Address:        [***] 

	 	(iii)	 Attention 

	 	(iv)	 Email 

or to such other addresses any party shall have designated by notice in the foregoing manner to the other parties. 

 

	13.6	 Amendments and Waivers. This Agreement may be modified, supplemented or amended only by a written
instrument executed by the parties hereto. No waiver of any provisions, condition or covenant of this Agreement shall be effective as against the waiving party unless such waiver is in a writing signed by the waiving party. Waiver by a party as
provided in this Section 13.6 shall not be construed as or constitute either a continuing waiver of such provision, condition or covenant or a waiver of any other provision, condition or covenant hereof. The failure of any party at any time to
require performance by the other party of any provision, condition or covenant of this Agreement shall in no way affect its right thereafter to enforce the provision, condition or covenant or any other provision condition or covenant.

  

	13.7	 Severability. If any covenant or provision hereof its determined to be void or unenforceable in whole or
in part, it shall not be deemed to affect or impair the validity of any other covenant or provision, each of which is hereby declared to be separate and distinct. If any provisions of this Agreement are so broad as to be unenforceable, such
provision shall be interpreted to be only so broad as is enforceable. If any provision of this Agreement is declared invalid or unenforceable for any reason other than over-breadth, the offending provision will be modified so as to maintain the
essential benefits of the bargain among the patties hereto to the maximum extent possible, consistent with law and public policy. 

  

	13.8	 Delays or Omissions. No delay or omission to exercise any right, power or remedy accruing to Purchaser
upon any breach or default of Seller under this Agreement, shall impair any such right, power or remedy of Purchaser nor shall it be construed to be a waiver of any such breach 

  

12  |  Page 

	 	
or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other breach
or default therefore or thereafter occurring. Any waiver, permit consent or approval of any kind or character on the part of Purchaser of any breach or default under this Agreement, or any waiver on the part of Purchaser of any provisions or
conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement or by law or otherwise afforded to Purchaser, shall be cumulative and not
alternative. 

  

	13.9	 Expenses. Irrespective of whether the Closing is effected, [***] shall pay all costs and expenses [***]
with respect to the negotiation, execution, delivery and performance of this Agreement. Seller is entitled for [***]. 

  

	13.10	 Independent Rights. Each of the rights of the Parties under this Agreement are independent, cumulative
and without prejudice to all other rights available to them, and the exercise or non-exercise of any such rights shall not prejudice or constitute a waiver of any other right of a Party, whether under this Agreement or otherwise.

  

	13.11	 Entire Agreement. This Agreement (together with the Disclosure Schedule, the Schedules, and the
other agreements expressly identified in this Agreement) constitutes the entire agreement of the parties with respect to the subject matter hereof and thereof, and supersedes all prior agreements and understanding of the parties, oral and written,
with respect to such subject matter. 

  

	13.12	 Counterparts. This Agreement may be executed in any number of originals or counterparts, each in the
like form and all of which when taken together shall constitute one and the same document, and any Party may execute this Agreement by signing any one or more of such originals or counterparts. 

 

	13.13	 Survival. Any other provision which by virtue of its nature is intended to survive shall survive the
termination of this Agreement. 

 [FOLLOWING THIS PAGE IS THE EXECUTION PAGE] 

  

13  |  Page 

 IN WITNESS, the Parties have executed this Asset Purchase and Employee Transfer Agreement as of the
date first written above. 
  

									
	SELLER:	 		 	PURCHASER:
			
	Sonim Technologies (India) Private Ltd.	 		 	Coforge Ltd.
					
	By:	  	 /s/ Prashanth Makonahalli
	 		 	By:	 	 /s/ Madan Mohan

	Name:	  	Prashanth Makonahalli	 		 	Name:	 	Madan Mohan
	Title:	  	MD India Development Center	 		 	Title:	 	Executive Vice President
	 Address: ‘Srigandha Arcade’, No. 564/564-1, 9th 

Cross, JP Nagar 3rd Phase, Bangalore 560 078
	 	        	 	 Address: # 8 Balaji Estate, Guru Ravi Das

Marg, 3rd Flr, Kalkaji, New Delhi 110 019

			
	Authorised Signatory	 		 	Authorised Signatory
			
	Witness	 		 	Witness
			
	     
	 	    	 	     

			
	 Arun Khurana,
 Head of Operations,
India Development Center
	 		 	 Milan Gandhi,
 Vice
President

  

14  |  Page 

 SCHEDULE “A” 

PART A- DEFINITIONS 
  

	1.	 “Agreement” shall mean this Asset Purchase and Employee Transfer Agreement, including
its schedules and annexure. 

  

	2.	 “Applicable Law” shall mean any applicable constitution, treaty, statute, rule,
regulation, ordinance, order, directive, code, judgment, award, permit, license, authorization, directive requirement, agreement with, or by a Government Authority. 

 

	3.	 “Closing” shall mean January 04, 2021 or such other date that the parties may
mutually decide in writing, for transfer of the Specified Assets and Transfer of Employees. 

  

	4.	 “Damages” shall mean all claims, demands, actions, causes of action, assessments by a
Government Authority, losses, Proceedings, damages, penalties, fines, costs, payments, expenses and judgments, including interest and penalties and reasonable attorneys’ fees, disbursements and expenses. 

 

	5.	 “Governmental Authority” shall mean any administrative agency, commission, court or
other governmental or regulatory authority or instrumentality, whether central, state, local or municipal or judicial, quasi-judicial or administrative forum, including but not limited to, ministries and departments of the Government of India, and
Tax authorities. 

  

	6.	 “Liabilities” shall mean any obligation, liability or indebtedness of any kind,
character or description, whether absolute, contingent, accrued, liquidated, unliquidated, known, unknown, executory or otherwise, and shall include but not be limited to the following, in relation to the Business: 

 

	 	(a)	 All liabilities relating to Taxes and statutory dues in respect of the period prior to the Closing;

  

	 	(b)	 All obligations with respect to the Employees arising out of or relating to their employment with the
Seller prior to the Closing; 

  

	 	(c)	 All borrowings and indebtedness of the Seller, and amounts payable by the Seller to banks;

  

	 	(d)	 All litigation liabilities for claims pertaining to or arising from any date prior to the Closing;

  

	 	(e)	 All obligations under any, or liability of the Seller with respect to any breach of, any contract or
other agreement prior to or on the Closing; and 

  

	 	(f)	 All obligations to the STPI and customs authorities, including liabilities relating to non-fulfilment of
export obligation. 

  

	7.	 “Lien” shall mean any pledge, hypothecation, charge, assignment, deposit arrangement,
encumbrance, security interest, lien, right of first refusal, conditional sale agreement, restriction, easement, option, and any security or similar agreement of any kind or nature whatsoever. 

 

	8.	 “Material Adverse Effect” shall mean the occurrence or reasonably likely occurrence of
any event, change, circumstance or effect that individually or in the aggregate (taking into account all other such events, changes, circumstances or effects), is or is reasonably likely to (A) have a material adverse effect to the financial
conditions, operations or prospects of the use of Specified Assets, or (B) materially hinder or delay Seller’s ability to consummate the transactions contemplated herein, or (C) materially hinder Purchaser’s ability to own and/or
operate the Specified Assets substantially in the manner previously conducted following the Closing. 

  

15  |  Page 

	9.	 “Ordinary Course of Business” shall mean the ordinary course of business and usage of
Specified Assets consistent with past custom and practice (including with respect to quantity and frequency), but only to the extent consistent with Applicable Law and the custom of entities engaged in the same business as the existing business of
Seller. 

  

	10.	 “Proceeding” shall mean any action, suit, charge, hearing, claim, legal quasi-judicial,
administrative, regulatory, arbitration or other alternative dispute resolution proceeding or investigation. 

  

	11.	 “Required Contract Consents” shall mean the consents set out in Schedule “H”
that are required for assignment and transfer of the Transferred Contracts to the Purchaser. 

  

	12.	 “Specified Assets” shall mean all property, assets, benefits and rights of the Seller
relating to, (a) the licensed property (building and structures) set out at Schedule “G.l” , (b) the moveable assets, vehicles, furniture and fixtures, equipment and inventory set out at Schedule “G.2”, (c) the intellectual
property rights and other intangibles described at Schedule “G.3”, (d) the customers of the Business listed at Schedule “G.4”, (e) the all contracts relating to the Business listed at Schedule “G.5”, (f) the right,
obligation, liabilities of all permits, licenses and approvals relating to the Specified Assets listed at Schedule “G.6, (g) the insurance policies relating to the Specified Assets listed at Schedule “G.7”; 

 

	13.	 “Specified Employees” shall mean all such Employees whose employment contracts the
Purchaser assumes from the Seller effective from the Closing Date and who are as set out in Schedule - F (Part A) hereto. 

  

	14.	 “Tax” and, collectively “Taxes” shall mean any and all foreign,
central, state, municipal and local (or equivalent) taxes of any country, assessments and other governmental charges, customs duties, duties, impositions and Liabilities, including taxes based upon or measured by gross receipts, income, profits
sales, service, use and occupation, and value added, ad valorem, stamp duty, stamp transfer, franchise, withholding, payroll, recapture, employment, excise and property taxes, together with all interest, penalties and additions imposed with respect
to such amounts. 

  

	15.	 “Transaction Agreements/ Transaction Documents” shall include the following:
(a) receipts/ Protocol evidencing transfer of the moveables relating to the Specified Assets by way of delivery, (b) assignment deeds for assignment and transfer of the intellectual property set out in Schedule G.3, (c) license agreements
for grant of perpetual and royalty-free license in respect of the intellectual property rights, and (d) such other deeds, documents, instruments, certificates, receipts and writings as may be
necessary or expedient for consummating the transactions contemplated under this Agreement. 

  

	16.	 “Transferred Contracts” shall mean all of the contracts relating to the relating to the
Specified Assets listed at Schedule “G.5’’. 

  

	17.	 “Warranties” shall mean the representations and warranties set out m Section 5 of the
Agreement. 

  

16  |  Page 

 PART B- INTERPRETATION 

In this Agreement: 
  

	1.	 Words denoting any gender shall be deemed to include all other genders; 

 

	2.	 Words importing the singular shall include the plural and vice versa, where the context so requires;

  

	3.	 The terms “hereof’, “herein”, “hereby”, “hereto” and other derivatives
or similar words, refer to this entire Agreement or specified Sections of this Agreement, as the case may be; 

  

	4.	 Reference to the term “Section” or “Schedule” or “Annexure” shall be a reference
to the specified Section or Schedule or Annexure of this Agreement; 

  

	5.	 Any reference to “writing” includes printing, typing, lithography and other means of
reproducing words in a permanent visible form. 

  

	6.	 The term “directly or indirectly” means directly or indirectly through one or more intermediary
persons or through contractual or other legal arrangements, and “direct or indirect” shall have correlative meanings; 

  

	7.	 All headings and sub-headings of Sections and Schedules, and use
of bold typeface are for convenience only and shall not affect the construction or interpretation of any provision of this Agreement; 

  

	8.	 Reference to any legislation or Law or to any provision thereof shall include references to any such Law
as it may, after the Effective Date, from time to time, be amended, supplemented or re-enacted, and any reference to statutory provision shall include any subordinate legislation made from time to time under that provision; 

 

	9.	 Reference to the word “include” or “including” shall be construed without
limitation; 

  

	10.	 The Schedules/ Annexure hereto shall constitute an integral part of this Agreement;

  

	11.	 Terms defined in this agreement shall include their correlative terms; 

 

	12.	 [***]; 

  

	13.	 References to the knowledge, information, belief or awareness of any ·Person shall be deemed to include
the knowledge, information, belief or awareness of such Person after examining all information which would be expected or required from a Person of ordinary prudence; 

 

	14.	 The Parties acknowledge that they and their respective counsel have read and understood the terms of
this Agreement and have participated equally in the negotiation and drafting. No provisions of this Agreement shall be interpreted in favour of, or against, any Party by reason of the extent to which such Party or its counsel participated in the
drafting hereof or by reason of the extent to which any such provision is inconsistent with any prior draft hereof; 

  

	15.	 All references to this Agreement or any other Transaction Document shall be deemed to include any
amendments or modifications to this Agreement or the relevant Transaction Document, as the case may be, from time to time; 

  

17  |  Page 

	16.	 Reference to days, months and years are to calendar days, calendar months and calendar years, respectively,
unless defined otherwise or inconsistent with the context or meaning thereof; and 

  

	17.	 Any word or phrase defined in the recitals or in the body of this Agreement as opposed to being defined in the
Schedule shall have the meaning so assigned to it, unless the contrary is expressly stated or the contrary clearly appears from the context. 

  

18  |  Page 

 SCHEDULE “B” 

PART A: SELLERS’ REPRESENTATIONS & WARRANTIES 
  

	1.	 Incorporation of the Seller. The Seller is incorporated and validly existing under the laws of India.
The Seller is duly registered, licensed or qualified to carry on business and is in good standing in each jurisdiction in which the character of its properties and Assets owned or leased or the nature of its business makes such registration,
licensing or qualification necessary. The Seller has the corporate power and capacity to carry on its Business as it is currently conducted and to own or lease its property and assets. 

 

	2.	 Corporate Power and Authorization. The Seller has the corporate power and capacity to carry on its
business as it is currently conducted, to own and lease its property and assets, and to enter into and perform its obligations under this Agreement and each of the Transaction Documents to which it is a party. The Seller has taken all necessary
corporate and shareholder action to authorize the execution, delivery and performance of this Agreement and each of the Transaction Documents to which such party is a party. This Agreement has been duly executed and delivered by the Seller.

  

	3.	 Enforceability. This Agreement is a legal, valid and binding obligation of the Seller, enforceable in
accordance with its terms, subject to the usual exceptions as to applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights and the availability of specific
performance, injunctive relief, or other equitable remedies. At the Closing Time, each of the Transaction Documents to which the Seller is a party will be a legal valid and binding obligation of such party, enforceable against such party in
accordance with its terms, subject to the usual exceptions as to applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights and the availability of equitable
remedies. 

  

	4.	 Right to Sell Purchased Assets. The Seller is the sole registered and beneficial owner of the Assets
with good and marketable title thereto, and on the Closing Date, the Purchased Assets shall be free of all Encumbrances. There are no agreements or restrictions which in any way limit or restrict the transfer to the Purchaser of any of the Assets.

  

	5.	 Transfer of Employees. The Seller hereby warrants that (a) Specified Employees have a valid and
legally binding contract of employment with itself as of the date of closing (b) Specified Employees were employed after reasonable scrutiny, due diligence and performance of adequate background checks (c) Specified employees have no
claims against the Seller and vice versa, in any manner whatsoever (d) Specified employees have no pending claims or proceedings of civil or criminal nature against the Seller including claims in relation to sexual harassment
at work place (e) There are no agreements or restrictions which in any way limit or restrict the transfer to the Purchaser of any of the Specified Employees. (f) There are no outstanding enquiries, complaints or internal proceedings in
relation to Specified employees as regards fraud, embezzlement, misappropriation of assets, violation of code of business ethics and sexual harassment at work place. 

  

19  |  Page 

	6.	 Non-Contravention. The execution, delivery and performance of
this Agreement and each of the Transaction Documents by the Seller, and the completion by the Seller (or any Affiliate of the Seller, as the case may be) of the transactions contemplated by this Agreement and the Transaction Documents, do not and
will not: 

  

	 	6.1.	 contravene any provision of the charter documents, by-laws or any
shareholders agreement of the Seller; 

  

	 	6.2.	 result in a material violation or material breach of, or constitute a material default or give rise to any
termination rights under any Transferred Contract or permit pertaining to the Specified Assets; 

  

	 	6.3.	 give rise to any indebtedness in favor of any Person, with respect to the Specified Assets;

  

	 	6.4.	 result in a breach or contravention of any Applicable Law or any order, judgment or decree of any court or
Governmental Authority; 

  

	 	6.5.	 give any Governmental Authority the right to revoke, withdraw, suspend, cancel or terminate any Permit which
could materially affect the ownership or use of any of the Specified Assets; 

  

	 	6.6.	 result in the imposition of, give rise to or trigger any Encumbrance upon any of the Specified Assets, or
restrict, hinder, impair or limit the ability of the Seller to use any of the Specified Assets; 

  

	 	6.7.	 cause the Seller to lose any Intellectual Property Rights necessary for use or operation of the Specified
Assets. 

  

	7.	 Consents and Approvals. No authorization, consent or approval of, or filing with or notice to, any
Governmental Authority or other Person is required by the Seller in connection with the execution, delivery or performance of this Agreement and the Transaction Documents or the completion of the transactions contemplated by this Agreement and the
Transaction Documents as the case may be. 

  

	8.	 Financial Statements. The Financial Statements: (i) have been prepared from, and are in accordance
with, the books of account and other financial records of the Seller; (ii) in respect of the Seller have been prepared in accordance with Indian GAAP applied on a consistent basis throughout the periods indicated; and (iii) fairly,
completely and accurately present in all material respects the financial position and assets owned by the Seller. 

  

	9.	 Taxes. 

  

	9.1.	 The Seller has duly filed all material Tax Returns required to be filed by it when due, or received a valid
extension, in accordance with Applicable Laws, and all such tax returns are true, correct and complete in all material respects. 

  

	9.2.	 The Seller has duly and timely paid all Taxes, including Taxes which are capable of forming or resulting in a
lien on the Specified Assets or of becoming a liability or obligation of the Purchaser. 

  

20  |  Page 

	9.3.	 There are no outstanding Tax liens that have been filed by any Governmental Authority against any of the
Specified Assets. 

  

	9.4.	 The Seller has not received from any Governmental Body any (i) notice indicating an intent to open an
audit or other review, (ii) request for information related to Tax matters, or (iii) notice of deficiency which may result in or adversely affect completing the transaction contemplated under this Agreement. 

 

	9.5.	 There are no actions, suits, proceedings, audits, investigations, enquiries, reassessments or claims pending
against the Seller in respect of the Specified Assets, nor has any such event been asserted or threatened against the Seller. 

  

	10.	 Contracts. The Seller is not a party to or bound by or subject to any Transferred Contract that may
result in a claim in respect of any of the Specified Assets as a result of entering into this arrangement with the Purchaser or which may terminate any necessary licenses or proprietary rights necessary for operation of the Specified Assets.

  

	11.	 Compliance with Laws. The Seller is in compliance with all Applicable Laws with respect to the ownership
of the Specified Assets. 

  

	12.	 Absence of Certain Changes or Events. The Seller has not, since the Financial Statement date:

  

	12.1.	 conducted sold, leased or otherwise disposed of, or permitted an Lien on, any Assets. 

 

	12.2.	 incurred or suffered any damage, destruction or loss, by fire or other hazard, to any of the Specified Assets,
whether or not covered by insurance; 

  

	12.3.	 waived, released or cancelled any rights or claims with respect to the Specified Assets; 

 

	12.4.	 commenced, participated or agreed to commence or participate in any bankruptcy, involuntary liquidation,
dissolution, winding up, insolvency or similar proceeding; 

  

	13.	 Specified Assets in Good Condition. All the Specified Assets being sold by the Seller are in good
operating condition and in a state of good maintenance and repair having regard to the use to which the assets are put and the age thereof, subject to regular wear and tear. 

 

	14.	 Litigation and Other Proceedings. There is no court, administrative, regulatory or similar proceeding
(whether civil, quasi-criminal or criminal); arbitration or other dispute settlement procedure; investigation or inquiry by any Governmental Authority; or any similar matter or proceeding (collectively “proceedings”) against or
involving any of the Specified Assets. To the Seller’s Knowledge, no event has occurred which might give rise to any proceedings and there is no judgment, decree, injunction, rule, award or order of any Governmental Authority to which any of
the Specified Assets may be subject. 

  

	15.	 Books of Account. The books and records of the Seller maintained in respect of the Specified Assets
accurately and timely record all existing Specified Assets of the Seller. 

  

21  |  Page 

 PART B: PURCHASER’S REPRESENTATIONS & WARRANTIES 

 

	1.	 Incorporation of the Purchaser. The Purchaser is incorporated and validly existing under the laws of
India. 

  

	2.	 Corporate Power and Authorization of the Purchaser. The Purchaser has the corporate power and capacity
to enter into and perform its obligations under this Agreement. The Purchaser has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement and the transaction documents to which the Purchaser is a
party. This Agreement has been duly executed and delivered by the Purchaser. At the Closing, each of the transaction documents to which the Purchaser is a party will be duly executed and delivered by the Purchaser. 

 

	3.	 Enforceability against the Purchaser. This Agreement is a valid and binding obligation of the Purchaser,
enforceable against the Purchaser in accordance with its terms. At the Closing, each of the transaction documents to which the Purchaser is a party will be a legal, valid and binding obligation of such party, enforceable against such party in
accordance with its terms, subject to the usual exceptions as to applicable laws. 

  

	4.	 Non-Contravention by the Purchaser. None of the execution,
delivery or performance of this Agreement or the transaction documents by the Purchaser will contravene any provision of its prior existing material agreement, obligation or instrument to which it is a party or by which it is bound nor will
contravene in any material respect any Applicable Law that would prevent or significantly impede the purchase of the Assets by the Purchaser. 

  

	5.	 Consents and Approvals. No authorization, consent or approval of, or filing with or notice to, any
Governmental Authority or other Person is required in connection with the execution, delivery or performance of this Agreement or the transaction Documents by the Purchaser. 

  

22  |  Page 

 SCHEDULE “C” 

[***] 

  

23  |  Page 

 SCHEDULE “D” 

CONDITIONS PRECEDENT 
  

	1.	 Representations and Warranties. The representations and warranties of the Seller contained in the
Agreement shall be true in all respects at and as of the Closing with the same effect as if made at and as of the Closing. 

  

	2.	 Board resolution of Seller. The board of directors of the Seller shall have passed a resolution
approving the execution of this Agreement authorising the consummation of the transactions under this Agreement and the Transaction Agreements. 

  

	3.	 Performance. The Seller shall have performed and complied with all agreements, obligations and
conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing. 

  

	4.	 Instruments. All deeds, instruments and documents provided by the Seller required to carry out this
Agreement or incidental hereto shall be in from and substance reasonably satisfactory to the Purchaser. 

  

	5.	 No Restraint. No action, suit, investigation, or Proceeding by or on account of any Governmental
Authority shall have been instituted or threatened to restrain or invalidate the transactions contemplated by this Agreement. 

  

	6.	 No Material Adverse Effect. No event or circumstance shall have occurred or shall be likely to occur
which has or is likely to have a Material Adverse Effect on the Specified Assets. 

  

	7.	 Conduct of Business in the Ordinarv Course. The business and operations of the Specified Assets shall
have been conducted in the Ordinary Course of Business up to and including Closing. 

  

	8.	 Closing Deliveries. The Seller shall have made or stand willing to make all the deliveries to the
Purchaser described in Schedule E of the Agreement. 

  

24  |  Page 

 SCHEDULE “E” 

[***] 

  

25  |  Page 

 SCHEDULE “F” 

[***] 

  

26  |  Page 

 SCHEDULE “G” 

[***] 

  

27  |  Page 

 SCHEDULE “H” 

[***] 

  

28  |  Page

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