Document:

EX-10.3

 Exhibit 10.3 

EMPLOYEE MATTERS AGREEMENT 
 By
and Between 
 NUANCE COMMUNICATIONS, INC. 

and 
 CERENCE INC. 

Dated as of                 , 2019 

 TABLE OF CONTENTS 

 
  

					
	 	 	 	  	Page
		 	ARTICLE 1	  	
		 	DEFINITIONS	  	
	Section 1.01.	 	 Definitions
	  	  1
			
		 	ARTICLE 2	  	
		 	GENERAL PRINCIPLES	  	
			
	Section 2.01.	 	 SpinCo Employees
	  	  5
	Section 2.02.	 	 Prepositioning of Transferring Employees
	  	  5
	Section 2.03.	 	 Delayed Transfer Employees
	  	  6
	Section 2.04.	 	 Collectively Bargained Employees
	  	  6
	Section 2.05.	 	 Collective Bargaining Agreements
	  	  6
	Section 2.06.	 	 Liabilities and Assets Generally
	  	  7
	Section 2.07.	 	 Benefit Plans
	  	  7
	Section 2.08.	 	 Payroll Services
	  	  7
	Section 2.09.	 	 No Change in Control
	  	  7
	Section 2.10.	 	 Inadvertent Transfers
	  	  8
			
		 	ARTICLE 3	  	
		 	NON-EQUITY INCENTIVES	  	
	Section 3.01.	 	 SpinCo Employee Incentives
	  	  8
			
		 	ARTICLE 4	  	
		 	SERVICE CREDIT	  	
	Section 4.01.	 	 Nuance Benefit Plans
	  	  8
	Section 4.02.	 	 SpinCo Benefit Plans
	  	  8
	Section 4.03.	 	 No Expansion of Participation
	  	  9
			
		 	ARTICLE 5	  	
		 	SEVERANCE	  	
	Section 5.01.	 	 Severance
	  	  9
			
		 	ARTICLE 6	  	
		 	CERTAIN WELFARE BENEFIT PLAN MATTERS;	  	
		 	WORKERS’ COMPENSATION CLAIMS	  	
			
	Section 6.01.	 	 SpinCo Welfare Plans
	  	  9
	Section 6.02.	 	 Allocation of Welfare Benefit Claims
	  	10
	Section 6.03.	 	 Workers’ Compensation Claims
	  	10
	Section 6.04.	 	 COBRA
	  	10
	Section 6.05.	 	 Flexible Spending Accounts
	  	11
	Section 6.06.	 	 Continuation of Elections
	  	11

  
 i 

					
	Section 6.07.	 	 Insurance Contracts
	  	11
	Section 6.08.	 	 Third-Party Vendors
	  	12
			
		 	ARTICLE 7	  	
		 	LONG-TERM DISABILITY EMPLOYEES	  	
			
	Section 7.01.	 	 SpinCo LTD Employees
	  	12
			
		 	ARTICLE 8	  	
		 	DEFINED BENEFIT PENSION PLANS	  	
			
	Section 8.01.	 	 Non-U.S. Pension Plans
	  	12
			
		 	ARTICLE 9	  	
		 	DEFINED CONTRIBUTION PLANS	  	
			
	Section 9.01.	 	 SpinCo 401(k) Plan
	  	12
	Section 9.02.	 	 401(k) Plan-to-Plan
Transfer
	  	12
	Section 9.03.	 	 Employer 401(k) Plan Contributions
	  	12
	Section 9.04.	 	 Limitation of Liability
	  	13
	Section 9.05.	 	 Non-U.S. Defined Contribution Plans
	  	13
			
		 	ARTICLE 10	  	
		 	ACCRUED LEAVE	  	
			
	Section 10.01.	 	 Vacation, Holidays, Annual Leave, and Other Leaves
	  	13
			
		 	ARTICLE 11	  	
		 	EQUITY COMPENSATION	  	
			
	Section 11.01.	 	 SpinCo Equity Incentive Plan
	  	13
	Section 11.02.	 	 Treatment of Outstanding Nuance Options
	  	13
	Section 11.03.	 	 Treatment of Outstanding Nuance Restricted Stock Units Held by SpinCo Employees
	  	14
	Section 11.04.	 	 Treatment of Outstanding Nuance Restricted Stock Units Held by Individuals Other Than SpinCo Employees
	  	14
	Section 11.05.	 	 Treatment of Outstanding Nuance Performance Stock Units Held by SpinCo Employees
	  	15
	Section 11.06.	 	 Treatment of Outstanding Nuance Performance Stock Units Held by Individuals Other Than SpinCo Employees
	  	15
	Section 11.07.	 	 Nuance ESPP
	  	16
	Section 11.08.	 	 Establishment of the SpinCo ESPP
	  	16
	Section 11.09.	 	 Tax Reporting and Withholding for Equity-Based Awards
	  	16
	Section 11.10.	 	 Nuance and SpinCo Income Tax Deductions in Respect of Certain Equity Awards and Compensation
	  	16
	Section 11.11.	 	 Compliance
	  	17

  
 ii 

					
			
		 	ARTICLE 12	  	
		 	NON-U.S. EMPLOYEES	  	
			
	Section 12.01.	 	 Transfer of Non-U.S. Employees
	  	17
	Section 12.02.	 	 Treatment of Non-U.S. Employees
	  	17
			
		 	ARTICLE 13	  	
		 	COOPERATION; ACCESS TO INFORMATION; LITIGATION; CONFIDENTIALITY	  	
			
	Section 13.01.	 	 Cooperation
	  	18
	Section 13.02.	 	 Access to Information; Privilege; Confidentiality
	  	18
			
		 	ARTICLE 14	  	
		 	TERMINATION	  	
			
	Section 14.01.	 	 Termination
	  	18
	Section 14.02.	 	 Effect of Termination
	  	18
			
		 	ARTICLE 15	  	
		 	MISCELLANEOUS	  	
			
	Section 15.01.	 	 Incorporation of Indemnification Provisions of Separation Agreement
	  	18
	Section 15.02.	 	 Additional Indemnification
	  	19
	Section 15.03.	 	 Further Assurances
	  	19
	Section 15.04.	 	 Administration
	  	19
	Section 15.05.	 	 Third-Party Beneficiaries
	  	19
	Section 15.06.	 	 Employment Tax Reporting Responsibility
	  	19
	Section 15.07.	 	 Data Privacy
	  	19
	Section 15.08.	 	 Section 409A
	  	20
	Section 15.09.	 	 Confidentiality
	  	20
	Section 15.10.	 	 Additional Provisions
	  	21

 Schedules: 
 Schedule
1.01    List of Employees 
 Schedule 7.01    SpinCo LTD Employees 

Schedule 8.01    Treatment of Non-U.S. Pension Plans 

Schedule 9.05    Treatment of Non-U.S. Defined Contribution Plans 

  
 iii 

 EMPLOYEE MATTERS AGREEMENT (this “Agreement”), dated as
of                , 2019, by and between Nuance Communications, Inc., a Delaware corporation (“Nuance”), and Cerence Inc., a Delaware corporation
(“SpinCo” and, together with Nuance, the “Parties”). 
 R E C I T A L S: 

WHEREAS, the Parties have entered into the Separation and Distribution Agreement (the “Separation Agreement”), dated as
of                , 2019, pursuant to which Nuance intends to effect the Distribution; and 

WHEREAS, the Parties wish to set forth their agreements as to certain matters regarding employment, compensation, and employee benefits. 

NOW, THEREFORE, in consideration of the mutual agreements, provisions, and covenants contained in this Agreement, the Parties, intending to be
legally bound, hereby agree as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.01.    Definitions. For purposes of this Agreement, the following terms shall have the following
meanings. All capitalized terms used but not defined herein shall have the meanings assigned to them in the Separation Agreement unless otherwise indicated. 

“Aggregate Pre-Distribution Date Contributions” has the meaning set forth in
Section 6.05. 
 “Aggregate Pre-Distribution Date
Disbursements” has the meaning set forth in Section 6.05. 
 “Applicable 401(k) Date”
has the meaning set forth in Section 9.01. 
 “Automatic Transfer Employees” means those
Transferring Employees whose employment transfers by operation of Law in connection with the transfer of a business or part of a business. 

“Benefit Plan” means any plan, program, policy, agreement, arrangement, or understanding that is an employment, consulting,
deferred compensation, executive compensation, incentive bonus or other bonus, employee pension, profit sharing, savings, retirement, supplemental retirement, stock option, stock purchase, stock appreciation right, restricted stock, restricted stock
unit, deferred stock unit, other equity-based compensation, severance pay, retention, change in control, salary continuation, life, death benefit, health, hospitalization, workers’ compensation, sick leave, vacation pay, disability or accident
insurance, or other employee compensation or benefit plan, program, policy, agreement, arrangement, or understanding, including any “employee benefit plan” (as defined in Section 3(3) of ERISA, whether or not subject to ERISA),
sponsored or maintained by an entity or to which such entity is a party. 
 “Canceled Nuance Performance Stock Unit” has
the meaning set forth in Section 11.05(a). 
 “COBRA” means the U.S. Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended from time to time, and any applicable similar state or local laws. 
 “Code” means
the U.S. Internal Revenue Code of 1986, as amended. 
 “Collective Bargaining Agreements” has the meaning set forth in
Section 2.04. 
 “Delayed Transfer Date” has the meaning set forth in
Section 2.03. 
 “Delayed Transfer Employee” has the meaning set forth in
Section 2.03. 

 “Destination Employer” means, with respect to a Transferring Employee,
(a) a member of the SpinCo Group or (b) a member of the Nuance Group, in either case to which such Transferring Employee transfers as of the Local Transfer Date or Delayed Transfer Date. 

“Employment Taxes” means all fees, Taxes, social insurance payments, and similar contributions to a Governmental Authority or
a fund of a Governmental Authority with respect to wages or other compensation of an employee or other service provider. 

“ERISA” means the U.S. Employee Retirement Income Security Act of 1974, as amended from time to time. 

“Former Business” means any terminated, divested, or discontinued business, operation, or property of either the Nuance
Group, the SpinCo Group, any of their respective members, or any of their respective predecessors, in each case, prior to the Distribution. 

“Former Nuance Employee” means a former employee of any member of the Nuance Group or the SpinCo Group, any of their
respective members, or any of their respective predecessors, in each case, prior to the Distribution, who is not a Former SpinCo Employee. 

“Former SpinCo Employee” means each individual who, (a) as of the date of determination, is not employed by any member
of the SpinCo Group, and (b) as of immediately prior to such individual’s termination of employment (x) was employed by a member of the SpinCo Group or (y) dedicated all or substantially all of his or her employment services to
the activities and operations of the SpinCo Business (excluding any employees providing services to the SpinCo Group pursuant to the TSA). 

“Local Agreement” means an agreement describing the implementation of the matters described in this Agreement (including,
without limitation, matters regarding employment, compensation, and employee benefits) with respect to Non-U.S. Employees in accordance with applicable non-U.S. Law in
the custom of the applicable jurisdictions. 
 “Local Transfer Date” means (a) with respect to Canada, July 14,
2019, and (b) with respect to all other jurisdictions, the date agreed to by Nuance and SpinCo. 
 “Non-U.S. DC Plan” has the meaning set forth in Section 9.05. 

“Non-U.S. Employees” has the meaning set forth in
Section 12.02. 
 “Nuance 401(k) Plan” has the meaning set forth in
Section 9.01. 
 “Nuance Benefit Plan” means any Benefit Plan sponsored, maintained, or, unless
such Benefit Plan is exclusively sponsored or maintained by a member of the SpinCo Group, contributed to by any member of the Nuance Group or to which any member of the Nuance Group is a party. 

“Nuance Employee” means (a) each individual who is an employee of any member of the Nuance Group as of immediately prior
to or on the applicable Local Transfer Date, including any such individual who is not actively at work due to a leave of absence (including vacation, holiday, illness, injury, and short-term disability, and including, until such time as provided in
ARTICLE 7, 

  
 2 

 
any SpinCo LTD Employee) from which such employee is permitted to return to active employment in accordance with the Nuance Group’s personnel policies, as in effect from time to time, or
applicable Law, (b) each individual who becomes an active employee of any member of the Nuance Group following the applicable Local Transfer Date but, in each case of clauses (a) and (b), excluding any SpinCo Employee or Former SpinCo
Employee, and (c) each individual who is intended by Nuance to be a Nuance Employee. 
 “Nuance Equity Conversion
Ratio” means the quotient obtained by dividing (x) the Nuance Pre-Distribution Stock Value by (y) the Nuance Post-Distribution Stock Value, rounded to the nearest one thousandth of a cent.

 “Nuance Equity Plans” means the 2000 Stock Plan, and the Amended and Restated Directors Stock Plan, each as amended from
time to time, and any other stock option or stock incentive compensation plan or arrangement, including any equity award agreement, that is a Nuance Benefit Plan, as in effect as of the time relevant to the applicable provision of this Agreement.

 “Nuance ESPP” means the Amended and Restated 1995 Employee Stock Purchase Plan. 

“Nuance Flexible Spending Account” means any flexible spending arrangement under any cafeteria plan qualifying under
Section 125 of the Code that is a Nuance Benefit Plan. 
 “Nuance LTD Plan” means any long-term disability insurance
plan that is a Nuance Benefit Plan. 
 “Nuance Option” means an option to purchase Nuance Common Stock that is outstanding
as of immediately prior to the Distribution under any of the Nuance Equity Plans. 
 “Nuance Performance Stock Unit” means
a performance stock unit award relating to Nuance Common Stock that is outstanding as of immediately prior to the Distribution under any of the Nuance Equity Plans. 

“Nuance Post-Distribution Stock Value” means the official NASDAQ only “regular way” first trading price of Nuance
Common Stock on the first trading day immediately following the Distribution Date. 
 “Nuance
Pre-Distribution Stock Value” means the official NASDAQ only “regular way” closing price of Nuance Common Stock on the trading date immediately preceding the Distribution Date. 

“Nuance Reimbursement Account Plan” has the meaning set forth in Section 6.05. 

“Nuance Restricted Stock Unit” means a restricted stock unit award relating to Nuance Common Stock that is outstanding as of
immediately prior to the Distribution under any of the Nuance Equity Plans. 
 “Nuance Welfare Plan” means each Welfare
Plan that is a Nuance Benefit Plan. 

  
 3 

 “Purchase Date” has the meaning set forth in the Nuance ESPP. 

“Purchase Period” has the meaning set forth in the Nuance ESPP. 

“SpinCo 401(k) Plan” has the meaning set forth in Section 9.01. 

“SpinCo Award Agreement” has the meaning set forth in Section 11.01. 

“SpinCo Benefit Plan” means any Benefit Plan sponsored, maintained, or, unless such Benefit Plan is exclusively sponsored or
maintained by a member of the Nuance Group, contributed to by any member of the SpinCo Group or to which any member of the SpinCo Group is a party. 

“SpinCo Employee” means (a) each individual who is an employee of any member of the SpinCo Group as of immediately prior
to or on the applicable Local Transfer Date, including any individual who is not actively at work due to a leave of absence (including vacation, holiday, illness, injury, and short-term disability, but excluding, until such time as provided in
ARTICLE 7, any SpinCo LTD Employee) from which such employee is permitted to return to active employment in accordance with the SpinCo Group’s personnel policies, as in effect from time to time, or applicable Law, (b) each
individual who becomes an active employee of the SpinCo Group following the applicable Local Transfer Date but, in each case of clauses (a) and (b), excluding any Former SpinCo Employee, (c) each individual listed on Schedule
1.01(a) or listed in a Local Agreement as a SpinCo Employee, and (d) each individual who is intended by Nuance to be a SpinCo Employee; provided, however, that, unless otherwise required by applicable Law, each individual
listed on Schedule 1.01(b) or listed in a Local Agreement as a Nuance Employee shall be a Nuance Employee for all purposes of this Agreement. 

“SpinCo Equity Conversion Ratio” means the quotient obtained by dividing (x) the Nuance
Pre-Distribution Stock Value by (y) the SpinCo Stock Value, rounded to the nearest one thousandth of a cent. 

“SpinCo Equity Incentive Plan” has the meaning set forth in Section 11.01. 

“SpinCo ESPP” has the meaning set forth in Section 11.08. 

“SpinCo Incentive Payments” has the meaning set forth in Section 3.01. 

“SpinCo LTD Employee” means each applicable employee of the SpinCo Group who, as of immediately prior to the applicable Local
Transfer Date, is receiving long-term disability benefits under the Nuance LTD Plan. 
 “SpinCo Performance Stock Unit” has
the meaning set forth in Section 11.05(b). 
 “SpinCo Reimbursement Account Plan” has the meaning
set forth in Section 6.05. 
 “SpinCo Restricted Stock Unit” has the meaning set forth in
Section 11.03(b). 
 “SpinCo Stock Value” means the official NASDAQ only “regular way”
first trading price of SpinCo Common Stock on the first trading day immediately following the Distribution Date. 

  
 4 

 “SpinCo Welfare Plans” has the meaning set forth in
Section 6.01. 
 “Subsidiary” of any Person means any corporation or other organization whether
incorporated or unincorporated of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect
to such corporation or other organization is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries; provided, however, that, solely
for purposes of this Agreement, SpinCo and its Subsidiaries shall not be considered Subsidiaries of Nuance (or members of the Nuance Group) prior to, on, or after the Distribution. 

“Taxes” shall have the meaning set forth in the Tax Matters Agreement dated as of the date of this Agreement by and between
Nuance and SpinCo. 
 “Transferring Employee” means (a) each SpinCo Employee who transfers to a member of the SpinCo
Group and (b) each Nuance Employee who transfers to a member of the Nuance Group. 
 “Transfer of Undertakings” means
the Transfers of Undertakings Directive 2001/23/EC of the European Council and any similar applicable Law. 
 “TSA” means
the Transition Services Agreement dated as of the date of this Agreement by and between Nuance and SpinCo. 
 “Welfare
Plan” means each Benefit Plan that provides life insurance, health care, dental care, accidental death and dismemberment insurance, disability, severance, vacation, or group welfare or fringe benefits. 

“Welfare Plan Date” has the meaning set forth in Section 6.01. 

“Workers’ Compensation Claim Date” has the meaning set forth in Section 6.03. 

“Workers’ Compensation Event” means the event, injury, illness, or condition giving rise to a workers’ compensation
claim with respect to a SpinCo Employee or Former SpinCo Employee. 
 ARTICLE 2 

GENERAL PRINCIPLES 

Section 2.01.    SpinCo Employees. Except as provided in Section 2.03, all SpinCo
Employees shall continue to be employees of the SpinCo Group immediately following the Local Transfer Date. The Parties agree that none of the transactions contemplated by the Separation Agreement or any of the Ancillary Agreements, including this
Agreement, shall cause any SpinCo Employee, SpinCo LTD Employee, or Former SpinCo Employee to be deemed to have incurred a termination of employment or to be eligible to receive severance benefits solely as a result of the Distribution. 

Section 2.02.    Prepositioning of Transferring Employees. Effective on the Local Transfer Date or Delayed
Transfer Date, and except as otherwise agreed by the Parties, the 

  
 5 

 
applicable member of the SpinCo Group and the Nuance Group shall have taken such actions as are necessary to ensure (i) that each SpinCo Employee (other than any Former SpinCo Employee) is
employed by a member of the SpinCo Group and (ii) that each Nuance Employee (other than any Former Nuance Employee) is employed by a member of the Nuance Group. 

Section 2.03.    Delayed Transfer Employees. To the extent that applicable Law or any arrangement with a
Governmental Authority prevents the Parties from causing (a) any employee who is intended to be a SpinCo Employee to be employed by a member of the SpinCo Group as of immediately following the Local Transfer Date as contemplated by
Section 2.01 or (b) any employee who is intended to be a Nuance Employee to be employed by a member of the Nuance Group as of immediately following the Local Transfer Date, or for any employees designated and agreed to
by the Parties (each such employee, a “Delayed Transfer Employee”), the Parties shall use commercially reasonable efforts to ensure that (i) such Delayed Transfer Employee becomes employed by the Destination Employer at the
earliest time permitted by applicable Law or such arrangement with a Governmental Authority (the “Delayed Transfer Date”) and (ii) the Destination Employer receives the benefit of such Delayed Transfer Employee’s services
from and after the Local Transfer Date, including under the TSA or by entering into an employee leasing or similar arrangement. The term “Delayed Transfer Employee” shall also include (i) each employee who, following the Local
Transfer Date, provides services to the SpinCo Group under the TSA and whose employment is intended by Nuance to transfer to the SpinCo Group following the completion of the applicable TSA service and (ii) each employee who, following the Local
Transfer Date, provides services to the Nuance Group under the TSA and whose employment is intended by SpinCo to transfer to the Nuance Group following the completion of the applicable TSA service, and with respect to such Delayed Transfer
Employees, the Parties shall use commercially reasonable efforts to ensure that such Delayed Transfer Employees become employed by the Destination Employer as soon as practicable following the completion of the applicable TSA service. From and after
the commencement of a Delayed Transfer Employee’s employment with the Destination Employer, such Delayed Transfer Employee shall be treated for all purposes of this Agreement, including Section 4.02, as if such Delayed
Transfer Employee commenced employment with the Destination Employer as of the Local Transfer Date as contemplated by Section 2.01. 

Section 2.04.    Collectively Bargained Employees. All provisions contained in this Agreement providing for
the treatment of compensation and benefits in connection with the Distribution shall apply equally to each employee who is covered by a collective bargaining, works council, or other labor union agreement, contract, or labor arrangement
(collectively, “Collective Bargaining Agreements”), except to the extent that any such agreement specifically provides for the compensation or benefits contemplated by such provision and, in each such case, such agreement shall
apply rather than the terms of this Agreement. 
 Section 2.05.    Collective Bargaining Agreements. As of
the Local Transfer Date, SpinCo shall, and shall cause the members of the SpinCo Group, as appropriate, to, adopt and assume each Collective Bargaining Agreement covering any of the SpinCo Employees in such jurisdiction immediately prior to the
Local Transfer Date, subject to any agreed-upon changes required by the transition of such Collective Bargaining Agreement to SpinCo or by applicable Law, and to recognize the works councils, labor unions, and other employee representatives that are
parties to such Collective Bargaining Agreements; provided, that any compensation or benefits that were, prior to the Local Transfer Date, provided to SpinCo Employees in such jurisdiction under the Collective Bargaining Agreements through
the Nuance Benefit Plans shall, to the extent that such 

  
 6 

 
compensation and benefits are still required to be provided under the Collective Bargaining Agreements on and after the Local Transfer Date, be provided as mutually agreed with such works
councils, labor unions, and other employee representatives through the SpinCo Benefit Plans as set forth in this Agreement. 

Section 2.06.    Liabilities and Assets Generally. From and after the Local Transfer Date or such other
date agreed by Nuance and SpinCo, except as expressly provided in this Agreement (or a Local Agreement) or as required under applicable Law, in each applicable jurisdiction (a) SpinCo and the SpinCo Group shall assume or retain, as applicable,
and SpinCo hereby agrees to pay, perform, fulfill, and discharge, in due course in full, (i) all Liabilities with respect to the employment or termination of employment of all SpinCo Employees, Former SpinCo Employees, and their dependents and
beneficiaries, and other service providers, to the extent arising, in whole or in part, in connection with or as a result of the performance of services to any member of the SpinCo Group and (ii) all other Liabilities expressly assigned to
SpinCo or any member of the SpinCo Group under this Agreement, and (b) Nuance and the Nuance Group shall assume or retain, as applicable, and Nuance hereby agrees to pay, perform, fulfill, and discharge, in due course in full, (i) all
Liabilities with respect to the employment or termination of employment of all Nuance Employees, Former Nuance Employees, and their dependents and beneficiaries, and other service providers, to the extent arising, in whole or in part, in connection
with or as a result of the performance of services to any member of the Nuance Group and (ii) all other Liabilities expressly assigned to Nuance or any member of the Nuance Group under this Agreement. All assets held in trust to fund the Nuance
Benefit Plans and all insurance policies funding the Nuance Benefit Plans shall be Nuance Assets, except to the extent explicitly provided otherwise in this Agreement or a Local Agreement. 

Section 2.07.    Benefit Plans. Except as otherwise explicitly provided in this Agreement or as may otherwise
be provided in accordance with the TSA, as of the Local Transfer Date or such other date agreed by Nuance and SpinCo, each SpinCo Employee (and each of his or her respective dependents and beneficiaries) in the applicable jurisdiction shall cease
active participation in, and each applicable member of the SpinCo Group shall cease to be a participating employer in, all Nuance Benefit Plans, and as of such time, SpinCo shall, or shall cause its Subsidiaries to, have in effect such corresponding
SpinCo Benefit Plans as are necessary to comply with its obligations pursuant to this Agreement. Effective upon the Local Transfer Date or such other date agreed by Nuance and SpinCo, except as otherwise explicitly provided in this Agreement or a
Local Agreement, (a) Nuance shall, or shall cause one or more members of the Nuance Group to, retain, pay, perform, fulfill, and discharge all Liabilities arising out of or relating to all Nuance Benefit Plans, and (b) SpinCo shall, or
shall cause one of the members of the SpinCo Group to, retain, pay, perform, fulfill, and discharge all Liabilities arising out of or relating to all SpinCo Benefit Plans. 

Section 2.08.    Payroll Services. Except as may otherwise be provided in accordance with a Local Agreement or
the TSA, on and after the Local Transfer Date or such other date agreed by Nuance and SpinCo, the applicable members of the SpinCo Group shall be solely responsible for providing payroll services to the SpinCo Employees and Former SpinCo Employees
in the applicable jurisdiction. 
 Section 2.09.    No Change in Control. The Parties hereto agree that none
of the transactions contemplated by the Separation Agreement or any of the Ancillary Agreements, 

  
 7 

 
including this Agreement, constitutes a “change in control,” “change of control,” or transaction having a similar name, as applicable, within the meaning of any Nuance Benefit
Plan or SpinCo Benefit Plan. 
 Section 2.10.    Inadvertent Transfers. If Nuance determines
following the Distribution that an individual whom Nuance intended to be a Nuance Employee or a SpinCo Employee has inadvertently become employed by the SpinCo Group or the Nuance Group, respectively, the Parties shall cooperate in good faith and
take such actions as may be reasonably necessary in order to cause the employment of such individual to be promptly transferred to a member of the Nuance Group or the SpinCo Group, as applicable, as intended by Nuance, and such individual shall be
treated for all purposes of this Agreement, including Section 4.02, as if such individual commenced employment with the intended employer as of the Local Transfer Date of the jurisdiction in which the individual is
employed. 
 ARTICLE 3 

NON-EQUITY INCENTIVES 

Section 3.01.    SpinCo Employee Incentives. Unless otherwise provided for in an individual agreement with a
SpinCo Employee to which Nuance is a party, on and after the Local Transfer Date, SpinCo shall assume and be solely responsible for all Liabilities with respect to any annual bonus or other cash-based incentive or retention awards under any Benefit
Plan to any SpinCo Employee, SpinCo LTD Employee, or Former SpinCo Employee in the applicable jurisdiction, including, for the avoidance of doubt, any such awards with respect to the Nuance fiscal year ending prior to the Distribution (the
“SpinCo Incentive Payments”). SpinCo shall be responsible for determining the amounts of all SpinCo Incentive Payments that have not been determined prior to the Local Transfer Date, including the extent to which established
performance criteria (as interpreted by SpinCo, in its sole discretion) have been met, and shall pay all SpinCo Incentive Payments no later than the times provided for under the applicable Benefit Plan. For the avoidance of doubt, any determinations
made prior to the Distribution regarding the amounts of any SpinCo Incentive Payments shall be subject to Nuance’s prior written approval. 

ARTICLE 4 
 SERVICE
CREDIT 
 Section 4.01.    Nuance Benefit Plans. Except as may otherwise be provided in accordance with
the TSA or as required by applicable Law or the terms of the applicable Nuance Benefit Plan, service of SpinCo Employees and Former SpinCo Employees in each applicable jurisdiction, on and after the Local Transfer Date, or such other date agreed by
Nuance and SpinCo, with any member of the SpinCo Group or any other employer, as applicable, other than any member of the Nuance Group, shall not be taken into account for any purpose under any Nuance Benefit Plan. 

Section 4.02.    SpinCo Benefit Plans. Unless prohibited by applicable Law, SpinCo shall, and shall cause its
Subsidiaries to, credit service accrued by each SpinCo Employee with, or otherwise recognized for purposes of any Benefit Plan by, any member of the Nuance Group or the SpinCo Group on or prior to the Distribution for purposes of
(a) eligibility, vesting, and benefit accrual under each SpinCo Benefit Plan under which service is relevant in determining eligibility, vesting, and benefit accrual, (b) determining the amount of severance payments and benefits (if any)
payable under each SpinCo Benefit Plan that provides severance payments or benefits, and 

  
 8 

 
(c) determining the number of vacation days to which each such employee shall be entitled following the applicable Welfare Plan Date, in the case of clauses (a), (b), and (c), (i) to
the same extent recognized by the relevant members of the Nuance Group or SpinCo Group or the corresponding Nuance Benefit Plan or SpinCo Benefit Plan immediately prior to the later of the Distribution Date and the date on which such employee ceases
participating in the applicable Nuance Benefit Plan in accordance with the TSA and (ii) except to the extent that such credit would result in a duplication of benefits for the same period of service.     

Section 4.03.    No Expansion of Participation. Unless otherwise expressly provided in this Agreement, as
otherwise determined or agreed to by the Parties, as required by applicable Law, or as explicitly set forth in a SpinCo Benefit Plan, each SpinCo Employee shall be entitled to participate in a given SpinCo Benefit Plan only to the extent that such
SpinCo Employee was entitled to participate in the corresponding Nuance Benefit Plan as in effect immediately prior to the Local Transfer Date, with it being the intent of the Parties that this Agreement does not result in any expansion of the
number of SpinCo Employees participating or the participation rights therein that they had prior to the applicable Local Transfer Date. 

ARTICLE 5 
 SEVERANCE

 Section 5.01.    Severance. The Nuance Group shall be solely responsible for all severance or other
separation payments and benefits (including any termination indemnity or retirement indemnity plan) relating to the termination or alleged termination of any SpinCo Employee’s or Former SpinCo Employee’s employment which occurs prior to
the Distribution Date. For the avoidance of doubt, such Liabilities shall include any employer-paid portion of any Employment Taxes and shall be treated as Liabilities of Nuance and the Nuance Group. 

ARTICLE 6 
 CERTAIN
WELFARE BENEFIT PLAN MATTERS; 
 WORKERS’ COMPENSATION CLAIMS 

Section 6.01.    SpinCo Welfare Plans. Without limiting the generality of
Section 2.07, effective as of the Local Transfer Date or such other date as agreed to between Nuance and SpinCo, which need not be the same for each Welfare Plan (such applicable date, the “Welfare Plan
Date”), SpinCo shall establish Welfare Plans (collectively, the “SpinCo Welfare Plans”) to provide welfare benefits to the SpinCo Employees (and their dependents and beneficiaries) in each applicable jurisdiction and, as of
the applicable Welfare Plan Date, each SpinCo Employee (and his or her dependents and beneficiaries) shall cease active participation in the corresponding Nuance Welfare Plan. For the avoidance of doubt, for purposes of this ARTICLE 6, the
term “SpinCo Employee” shall be deemed to include each Former SpinCo Employee who was receiving welfare benefits in connection with his or her termination of employment from a member of the Nuance Group or the SpinCo Group as of the
applicable Welfare Plan Date. Notwithstanding the foregoing, to the extent that Nuance determines that the aforementioned provision of welfare benefits by SpinCo to a Former SpinCo Employee is not feasible, such Former SpinCo Employee may continue
active participation in the corresponding Nuance Welfare Plan after the Welfare Plan Date, and SpinCo shall reimburse the Nuance Group for all Liabilities associated with such Former SpinCo Employee after the Welfare Plan Date. 

  
 9 

 Section 6.02.    Allocation of Welfare Benefit Claims.
(a) The members of the Nuance Group shall retain all Liabilities in accordance with the applicable Nuance Welfare Plan for all reimbursement claims (such as medical and dental claims) and for all
non-reimbursement claims (such as life insurance claims), in each case, as incurred by SpinCo Employees and Former SpinCo Employees (and each of their respective dependents and beneficiaries) under such plans
prior to the applicable Welfare Plan Date, and (b) the members of the SpinCo Group shall retain all Liabilities in accordance with the SpinCo Welfare Plans for all reimbursement claims (such as medical and dental claims) and for all non-reimbursement claims (such as life insurance claims), in each case, as incurred by SpinCo Employees and Former SpinCo Employees (and each of their respective dependents and beneficiaries) on or after the
applicable Welfare Plan Date; provided, that SpinCo shall reimburse Nuance for Liabilities incurred under clause (a) between the Local Transfer Date and the applicable Welfare Plan Date. For purposes of this
Section 6.02, a benefit claim shall be deemed to be incurred as follows: (i) for health, dental, vision, employee assistance program, and prescription drug benefits (including in respect of any hospital admission),
upon the provision of such services, materials, or supplies; and (ii) for life, accidental death and dismemberment, and business travel accident insurance benefits, upon the death, cessation of employment, or other event by Nuance giving rise
to such benefits. 
 Section 6.03.    Workers’ Compensation Claims. In the case of any
workers’ compensation claim of any SpinCo Employee or Former SpinCo Employee in respect of his or her employment with the Nuance Group or the SpinCo Group, such claim shall be covered (a) by the Nuance Group’s workers’
compensation coverage if the Workers’ Compensation Event occurred prior to the applicable Local Transfer Date, (b) by the SpinCo Group’s workers’ compensation coverage for the applicable jurisdiction if the Workers’
Compensation Event occurs on or after the applicable Local Transfer Date and the related claim is submitted after the date on which SpinCo has established workers’ compensation coverage (the “Workers’ Compensation
Claim Date”), and (c) under the Nuance Group’s workers’ compensation coverage if the Workers’ Compensation Event occurs on or after the applicable Local Transfer Date and the related claim is submitted prior to the
Workers’ Compensation Claim Date; provided, that SpinCo shall reimburse Nuance for Liabilities actually incurred by Nuance under clause (c) between the Local Transfer Date and the applicable Workers’ Compensation Claim Date. If
the Workers’ Compensation Event occurs over a period both preceding and following the Local Transfer Date, the claim shall be jointly covered under the Nuance Group’s workers’ compensation coverage and the SpinCo Group’s
workers’ compensation coverage and shall be equitably apportioned between them based upon the relative periods of time that the Workers’ Compensation Event transpired preceding and following the Local Transfer Date; provided, that
if a claim in respect of such Workers’ Compensation Event is submitted prior to the Workers’ Compensation Claim Date, then such claim shall be covered under the Nuance Group’s workers’ compensation coverage and SpinCo shall
appropriately reimburse Nuance, in accordance with clause (c) above. 
 Section 6.04.    COBRA. If
(a) a SpinCo Employee or Former SpinCo Employee (or his or her eligible dependents) was receiving, prior to the applicable Welfare Plan Date, or is eligible to receive, on or following the applicable Welfare Plan Date, continuation health
coverage pursuant to COBRA, SpinCo and the SpinCo Welfare Plans shall be responsible for all Liabilities to such employee (or his or her eligible dependents) in respect of COBRA. SpinCo shall indemnify, defend, and hold harmless the members of the
Nuance Group from and against any and all Liabilities relating to, arising out of, or resulting from COBRA provided by SpinCo, or the failure of SpinCo to meet its COBRA obligations, to SpinCo Employees, Former SpinCo Employees, and their respective
eligible dependents. 

  
 10 

 Section 6.05.    Flexible Spending Accounts. Effective as of
the applicable Welfare Plan Date, SpinCo shall have established a health care and dependent care reimbursement account plan (the “SpinCo Reimbursement Account Plan”) with features that are comparable to those contained in the
relevant health care and dependent care reimbursement account plan sponsored and maintained by Nuance (the “Nuance Reimbursement Account Plan”). With respect to applicable SpinCo Employees, effective as of the applicable Welfare
Plan Date, SpinCo shall assume responsibility for administering all reimbursement claims of SpinCo Employees with respect to the plan year in which the applicable Welfare Plan Date occurs, whether arising before, on, or after the applicable Welfare
Plan Date, under the SpinCo Reimbursement Account Plan and, for the avoidance of doubt, on and after the applicable Welfare Plan Date, no additional claims shall be reimbursed with respect to SpinCo Employees under the Nuance Reimbursement Account
Plan. Nuance shall, as soon as practicable following the applicable Welfare Plan Date, determine (i) the sum of all contributions to the Nuance Reimbursement Account Plan made with respect to such plan year by or on behalf of all SpinCo
Employees, as a whole, prior to the applicable Welfare Plan Date (the “Aggregate Pre-Distribution Date Contributions”) and (ii) the sum of all claims incurred in such plan year and paid
by the Nuance Reimbursement Account Plan with respect to such SpinCo Employees, as a whole, prior to the applicable Welfare Plan Date (the “Aggregate Pre-Distribution Date Disbursements”). If
the Aggregate Pre- Distribution Date Contributions exceed the Aggregate Pre-Distribution Date Disbursements, Nuance shall, as soon as practicable following Nuance’s
determination of the Aggregate Pre- Distribution Date Contributions and Aggregate Pre-Distribution Date Disbursements, transfer to SpinCo an amount in cash equal to such
difference. If the Aggregate Pre-Distribution Date Disbursements exceed the Aggregate Pre-Distribution Date Contributions, SpinCo shall, upon Nuance’s reasonable
request and the presentation of such substantiating documentation as SpinCo shall reasonably request, transfer to Nuance an amount in cash equal to such difference. 

Section 6.06.    Continuation of Elections. With respect to applicable SpinCo Employees, as of the applicable
Welfare Plan Date, SpinCo shall cause the SpinCo Welfare Plans to recognize and maintain all elections and designations (including, without limitation, all coverage and contribution elections and beneficiary designations) made by SpinCo Employees
under, or with respect to, the Nuance Welfare Plans and apply such elections and designations under the SpinCo Welfare Plans for the remainder of the period or periods for which such elections or designations are by their original terms applicable,
to the extent that such election or designation is available under the corresponding SpinCo Welfare Plan. As of the applicable Welfare Plan Date, SpinCo shall cause any SpinCo Welfare Plan that constitutes a cafeteria plan under Section 125 of
the Code to recognize and give effect to all non-elective employer contributions payable and paid toward coverage of a SpinCo Employee under the corresponding Nuance Welfare Plan that constitutes a cafeteria
plan under Section 125 of the Code for the applicable cafeteria plan year. 
 Section 6.07.    Insurance
Contracts. To the extent that any Nuance Welfare Plan is funded through the purchase of an insurance contract or is subject to any stop-loss contract, the Parties shall cooperate and use their commercially reasonable efforts to replicate such
insurance contracts for SpinCo (except to the extent that changes are required under applicable state insurance Laws or filings by the respective insurers) and to maintain any pricing discounts or other preferential terms for both Nuance and SpinCo
for a reasonable term. Neither Party shall be liable for failure to 

  
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obtain such insurance contracts, pricing discounts, or other preferential terms for the other Party. Each Party shall be responsible for any additional premiums, charges, or administrative fees
that such Party may incur pursuant to this Section 6.07. 

Section 6.08.    Third-Party Vendors. Except as provided below, to the extent that any Nuance Welfare Plan is
administered by a third-party vendor, the Parties shall cooperate and use their commercially reasonable efforts to replicate any contract with such third-party vendor for SpinCo and to maintain any pricing discounts or other preferential terms for
both Nuance and SpinCo for a reasonable term. Neither Party shall be liable for failure to obtain such pricing discounts or other preferential terms for the other Party. Each Party shall be responsible for any additional premiums, charges, or
administrative fees that such Party may incur pursuant to this Section 6.08. 
 ARTICLE 7 

LONG-TERM DISABILITY EMPLOYEES 

Section 7.01.    SpinCo LTD Employees. Notwithstanding any provisions of this Agreement to the contrary, the
terms and conditions of employment related to SpinCo LTD Employees, including issues related to Benefit Plans, shall be as set forth on Schedule 7.01. 

ARTICLE 8 
 DEFINED
BENEFIT PENSION PLANS 
 Section 8.01.    Non-U.S. Pension
Plans. Liabilities for vested and unvested benefits relating to SpinCo Employees and Former SpinCo Employees, under each non-U.S. defined benefit pension plan sponsored by Nuance or a member of the Nuance
Group or SpinCo or a member of the SpinCo Group shall be addressed as set forth on Schedule 8.01. 
 ARTICLE 9 

DEFINED CONTRIBUTION PLANS 

Section 9.01.    SpinCo 401(k) Plan. Effective as of a date no later than the Distribution Date (the
“Applicable 401(k) Date”), SpinCo shall establish a defined contribution plan that includes a qualified cash or deferred arrangement within the meaning of Section 401(k) of the Code (the “SpinCo 401(k) Plan”)
providing benefits to the SpinCo Employees participating in any qualified cash or deferred arrangement within the meaning of Section 401(k) of the Code sponsored by any member of the Nuance Group (collectively, the “Nuance 401(k)
Plan”) as of the Distribution. 
 Section 9.02.    401(k) Plan-to-Plan Transfer. As of a date determined by Nuance and SpinCo following the Applicable 401(k) Date (the “Transfer Date”), Nuance will cause the transfer of an amount representing
the entire account balances (including outstanding loans) of the SpinCo Employees actively employed as of the Transfer Date who participated in the Nuance 401(k) Plan immediately prior to the Transfer Date determined as of the plan valuation date
coinciding with or next preceding the Tranfer Date, together with the actual return thereon from such valuation date to the Transfer Date, to the trustee of the SpinCo 401(k) Plan. 

Section 9.03.    Employer 401(k) Plan Contributions. The Nuance Group shall remain responsible for making all
employer contributions under the Nuance 401(k) Plan with respect to any SpinCo Employees or Former SpinCo Employees relating to periods prior to the Applicable 

  
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401(k) Date; provided, that, prior to the Transfer Date, the Nuance Group shall make all employer contributions with respect to such SpinCo Employee or Former SpinCo Employee required
under the Nuance 401(k) Plan for periods of time prior to the Applicable 401(k) Date. On and after the Applicable 401(k) Date, the SpinCo Group shall be responsible for all employer contributions under the SpinCo 401(k) Plan with respect to any
SpinCo Employees or Former SpinCo Employees. 
 Section 9.04.    Limitation of Liability. For the avoidance
of doubt, Nuance shall have no responsibility for any failure of SpinCo to properly administer the SpinCo 401(k) Plan in accordance with its terms and applicable Law, including any failure to properly administer the accounts of SpinCo Employees and
their respective beneficiaries, including accounts transferred over in accordance with Section 9.02, in such SpinCo 401(k) Plan. 

Section 9.05.    Non-U.S. Defined Contribution Plans. Except as
otherwise provided on Schedule 9.05, the treatment of each Nuance Benefit Plan that is a defined contribution plan for the benefit of employees outside of the United States and in which any SpinCo Employee, SpinCo LTD Employee, or Former
SpinCo Employee participates (each, a “Non-U.S. DC Plan”) shall be governed by the applicable Local Agreement; provided, that if a Local Agreement does not address the treatment of an
applicable Non-U.S. DC Plan, then Nuance and SpinCo shall use commercially reasonable efforts to cause such Non-U.S. DC Plan to be treated in a manner that is consistent
with applicable Law and, to the extent practicable, the general principles of this ARTICLE 9. 
 ARTICLE 10 

ACCRUED LEAVE 

Section 10.01.    Vacation, Holidays, Annual Leave, and Other Leaves. On the applicable Welfare Plan
Date, the SpinCo Group shall assume and be solely responsible for all Liabilities for vacation, holiday, annual leave, and/or other leave accruals and benefits with respect to each SpinCo Employee; provided, however, that (a) for
purposes of determining the number of vacation, holiday, annual leave, or other leave days to which such employee shall be entitled following the applicable Welfare Plan Date, SpinCo and its Subsidiaries shall assume and honor all such days accrued
or earned but not yet taken by such employee, if any, as of the applicable Welfare Plan Date, and (b) to the extent that such employee is entitled under any applicable Law or any policy of his or her respective employer that is a member of the
Nuance Group, as the case may be, to be paid for any vacation, holiday, annual leave, or other leave days accrued or earned but not yet taken by such employee as of the applicable Welfare Plan Date, SpinCo shall assume and be solely responsible for
the Liability to pay for such days. 
 ARTICLE 11 

EQUITY COMPENSATION 

Section 11.01.    SpinCo Equity Incentive Plan. Prior to the Distribution, Nuance shall cause SpinCo to adopt
an equity incentive plan or program, to be effective immediately prior to the Distribution (the “SpinCo Equity Incentive Plan”), and Nuance shall approve the SpinCo Equity Incentive Plan and a form of restricted stock unit award
agreement for use thereunder (the “SpinCo Award Agreement”) as the sole stockholder of SpinCo. 

Section 11.02.    Treatment of Outstanding Nuance Options. Each Nuance Option shall be adjusted effective as
of the Distribution as follows: (i) the number of shares of Nuance Common Stock subject to each such Nuance Option shall be equal to the product of (x) the number 

  
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of shares of Nuance Common Stock subject to such Nuance Option immediately prior to the Distribution and (y) the Nuance Equity Conversion Ratio, with any fractional shares subject to each
such Nuance Option following such adjustment rounded down to the nearest whole share and (ii) the per-share exercise price of each such Nuance Option shall be equal to the quotient of (x) the per-share exercise price of such Nuance Option immediately prior to the Distribution divided by (y) the Nuance Equity Conversion Ratio, rounded up to the nearest whole cent. Such adjustment shall be determined
in a manner consistent with the requirements of Sections 409 and 424 of the Code and the regulations thereunder, to the extent applicable. Following the Distribution, each such Nuance Option, as adjusted in accordance with this
Section 11.02, shall remain outstanding and subject to its respective terms and provisions. 

Section 11.03.    Treatment of Outstanding Nuance Restricted Stock Units Held by SpinCo Employees. 

(a)    Each Nuance Restricted Stock Unit held by a SpinCo Employee as of immediately prior to Distribution that is
scheduled to vest in accordance with its terms on or before November 30, 2019, shall vest in full as of immediately prior to the Distribution, subject in all events to the occurrence of the Distribution. 

(b)    Each Nuance Restricted Stock Unit that is outstanding and held by a SpinCo Employee as of immediately prior to the
Distribution that is scheduled to vest in accordance with its terms after November 30, 2019, shall be forfeited in accordance with its terms as of the Distribution (as a result of the SpinCo Employee’s termination of employment with Nuance
and its Subsidiaries) or otherwise canceled. On or as soon as reasonably practicable following the Distribution Date, subject to the SpinCo Employee’s continued employment with a member of the SpinCo Group, each SpinCo Employee whose Nuance
Restricted Stock Units were forfeited or canceled in connection with the Distribution shall be granted restricted stock units to be settled in SpinCo Common Stock (“SpinCo Restricted Stock Units”) issued under the SpinCo Equity
Incentive Plan and shall be subject to terms and conditions of the SpinCo Equity Incentive Plan and a restricted stock unit award agreement substantially in the form of the SpinCo Award Agreement. The number of SpinCo Restricted Stock Units that
will be granted to each such SpinCo Employee shall be no fewer than the product of (x) the number of Nuance Restricted Stock Units held by such SpinCo Employee immediately prior to the Distribution that were forfeited or canceled in accordance
with this Section 11.03(b) and (y) the SpinCo Equity Conversion Ratio, with any fractional shares (after aggregating all such SpinCo Restricted Stock Units) rounded down to the nearest whole share. 

Section 11.04.    Treatment of Outstanding Nuance Restricted Stock Units Held by Individuals Other Than SpinCo
Employees. Each Nuance Restricted Stock Unit not covered by Section 11.02 shall be adjusted as of the Distribution Date into a number of Nuance Restricted Stock Units equal to the product of (x) the number of
Nuance Restricted Stock Units subject to the award immediately prior to the Distribution and (y) the Nuance Equity Conversion Ratio, with any fractional shares subject to each such Nuance Restricted Stock Unit following such adjustment rounded
down to the nearest whole share. Following the Distribution, each such Nuance Restricted Stock Unit, as adjusted in accordance with this Section 11.04, shall remain outstanding and subject to its respective terms and provisions. 

  
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 Section 11.05.    Treatment of Outstanding Nuance Performance
Stock Units Held by SpinCo Employees. 
 (a)    Each Nuance Performance Stock Unit held by a SpinCo Employee as of
immediately prior to the Distribution that is scheduled to vest based on relative total shareholder return metrics to be measured as of November 6, 2019 (each, a “Canceled Nuance Performance Stock Unit”), shall be
forfeited in accordance with its terms as of the Distribution (as a result of the SpinCo Employee’s termination of employment with Nuance and its Subsidiaries) or otherwise canceled, and in consideration of such forfeiture or cancellation, each
SpinCo Employee whose Nuance Restricted Stock Units were forfeited in connection with the Distribution shall be granted the right to receive from SpinCo a cash payment equal to the product of (x) the number of shares of Nuance Common Stock that
would have been earned in respect of such Nuance Performance Stock Unit had such forfeiture or cancellation not occurred (as adjusted as if such Nuance Performance Stock Units remained outstanding in accordance with
Section 11.06 below), as determined by the Compensation Committee of Nuance as soon as reasonably practicable following November 6, 2019, pursuant to the terms of the Nuance Performance Stock Unit as in effect
immediately prior to such forfeiture or cancellation, multiplied by (y) the closing price of Nuance Common Stock on the day prior to the Distribution Date. SpinCo shall assume all Liabilities with respect to the cash payment obligation
described in this Section 11.05(a), and shall pay such amounts as soon as practicable, but in no event more than thirty (30) days, following Nuance’s delivering to SpinCo its determination of the extent to which
the applicable performance criteria were achieved. For the avoidance of doubt, if a SpinCo Employee’s employment terminates prior to the payment of the cash payment contemplated by this Section 11.05(a) in respect of
his or her Canceled Nuance Performance Stock Unit under circumstances that would have caused a forfeiture of the Nuance Performance Stock Unit as in effect immediately prior to its cancellation, no such payment shall be due to such SpinCo Employee.

 (b)    Each Nuance Performance Stock Unit held by a SpinCo Employee as of immediately prior to the Distribution that
is scheduled to vest based on relative total shareholder return metrics to be measured after November 6, 2019, shall be forfeited in accordance with its terms as of the Distribution (as a result of the SpinCo Employee’s termination of
employment with Nuance and its Subsidiaries) or otherwise canceled. On or as soon as reasonably practicable following the Distribution Date, each SpinCo Employee whose Nuance Performance Stock Units were so forfeited or canceled in connection with
the Distribution shall be granted SpinCo Restricted Stock Units issued under the SpinCo Equity Incentive Plan and shall be subject to terms and conditions of the SpinCo Equity Incentive Plan and a restricted stock unit award agreement substantially
in the form of the SpinCo Award Agreement. The number of SpinCo Restricted Stock Units to which a SpinCo Employee is entitled pursuant to this Section 11.05(b) shall equal the product of (x) the number of Nuance
Performance Stock Units that were forfeited or canceled in accordance with this Section 11.05(b) (measured assuming achievement of target performance) and (y) the SpinCo Equity Conversion Ratio, with any fractional
shares (after aggregating all such SpinCo Performance Stock Units) rounded down to the nearest whole share. 

Section 11.06.    Treatment of Outstanding Nuance Performance Stock Units Held by Individuals Other Than SpinCo
Employees. Each Nuance Performance Stock Unit not covered by Section 11.05 shall be adjusted as of the Distribution into a number of Nuance Performance Stock Units equal to the product of (x) the number of Nuance
Performance Stock Units subject to the award immediately prior to the Distribution and (y) the Nuance Equity Conversion Ratio, with any 

  
 15 

 
fractional shares subject to each such Nuance Performance Stock Unit award following such adjustment rounded down to the nearest whole share. The Compensation Committee of Nuance shall make
equitable adjustments to the performance goals for such Nuance Performance Stock Units to reflect the Distribution as it deems appropriate under the terms of the Nuance Equity Plans. 

Section 11.07.    Nuance ESPP. The administrator of the Nuance ESPP shall take all actions necessary and
appropriate to provide that (i) SpinCo Employees in the Nuance ESPP shall not be eligible to participate in any future Purchase Periods that begin following the Distribution Date and (ii) any cash remaining in the Nuance ESPP account of
any SpinCo Employee after the Distribution shall be refunded to such SpinCo Employee without interest as soon as administratively practicable. 

Section 11.08.    Establishment of the SpinCo ESPP. Prior to the Distribution, Nuance shall cause SpinCo to
adopt an employee stock purchase plan, to be effective immediately prior to the Distribution (the “SpinCo ESPP”), and Nuance shall approve the SpinCo ESPP as the sole stockholder of SpinCo. 

Section 11.09.    Tax Reporting and Withholding for Equity-Based Awards. Unless otherwise required by
applicable Law, (a) Nuance (or one of its Subsidiaries) will be responsible for all income, payroll, fringe benefit, social security, payment-on-account, and other
Tax reporting relating to income of or otherwise owed by Nuance Employees, Former Nuance Employees, or Former SpinCo Employees from equity-based awards granted to such employees by Nuance and, with respect to awards subject to
Section 11.03(a), SpinCo Employees, (b) SpinCo (or one of its Subsidiaries) will be responsible for all income, payroll, fringe benefit, social,
payment-on-account, and other Tax reporting related to or otherwise owed on income of SpinCo Employees from SpinCo equity-based awards described in this ARTICLE
11 and the cash payment described in Section 11.05(a), (c) Nuance (or one of its Subsidiaries) shall be responsible for remitting applicable Tax withholdings and related payments for equity awards granted by Nuance and
held by Nuance Employees, Former Nuance Employees, Former SpinCo Employees, and with respect to awards subject to Section 11.03(a), SpinCo Employees, to each applicable taxing authority, and (d) SpinCo (or one of its
Subsidiaries) shall be responsible for remitting applicable Tax withholdings and related payments for SpinCo equity awards described in this ARTICLE 11 and the cash payment described in Section 11.05(a) to each
applicable taxing authority. In all cases, Nuance and SpinCo (and any applicable Nuance Subsidiary and SpinCo Subsidiary) agree to cooperate to ensure that such obligations are met. Nuance and SpinCo agree to enter into any necessary agreements
regarding the subject matter of this Section 11.09 to enable Nuance and SpinCo (and any applicable Nuance and SpinCo Subsidiaries) to fulfill their respective obligations hereunder and under applicable Law. 

Nuance will be responsible for all income, payroll, fringe benefit, social security, payment-on
account, and other Tax reporting relating to or otherwise owed on income of its nonemployee directors arising from equity-based awards granted by Nuance. 

Section 11.10.    Nuance and SpinCo Income Tax Deductions in Respect of Certain Equity Awards and
Compensation. Unless otherwise required by applicable Law, solely the member of the Group for which the relevant individual is currently employed or, if such individual is not currently employed by a member of the Group, was most recently
employed, in either case, at the time of the vesting, exercise, disqualifying disposition, payment or other relevant taxable event, as appropriate, in respect of equity awards and other compensation shall be entitled to claim any

  
 16 

 
income tax deduction in respect of such equity awards and other compensation on its respective tax return associated with such event; provided, that, notwithstanding the foregoing, Nuance
(or the applicable member of the Nuance Group) shall be entitled to claim any income tax deduction associated with the exercise of any Nuance Option covered by Section 11.02. 

Section 11.11.    Compliance. For purposes of this ARTICLE 11, and notwithstanding the use of the
phrase “substantially similar” or anything else to the contrary throughout this article, Nuance and SpinCo reserves the right to impose other requirements or different terms and conditions on the any Nuance or SpinCo equity awards and
SpinCo stock incentive compensation plans, or to treat the equity awards in a different manner, to the extent that either of them determines it is necessary or advisable for legal or administrative reasons, including for compliance with non-U.S. laws and regulations and to mitigate the potential impact of non-U.S. tax consequences on the equity awards. 

ARTICLE 12 
 NON-U.S. EMPLOYEES 
 Section 12.01.    Transfer of Non-U.S. Employees. 
 (a)    Automatic Transfer Employees shall not be
terminated upon the Local Transfer Date or Delayed Transfer Date, as applicable; rather, such employees and the rights, powers, duties, liabilities, and obligations of the current employer with respect to such employees in respect of the terms of
employment with the employees in force immediately before the applicable Local Transfer Date or Delayed Transfer Date, as applicable, shall be transferred to the applicable Destination Employer but only to the extent required by, and only then in
accordance with, applicable Law. 
 (b)    For Non-U.S. Employees who are not
Automatic Transfer Employees, the Destination Employer shall offer employment to each such employee effective on the applicable Local Transfer Date, or, if applicable, the Delayed Transfer Date, or as otherwise agreed between Nuance and SpinCo,
(a) at the employee’s same general location, and (b) with same base salary as is in effect immediately prior to the Local Transfer Date or, if applicable, the Delayed Transfer Date, and (c) otherwise on terms and conditions that
are substantially similar terms and conditions in the aggregate as those that were in effect immediately prior to the Local Transfer Date or, if applicable, the Delayed Transfer Date. 

Section 12.02.    Treatment of Non-U.S. Employees. Except as otherwise
agreed by the Parties or as set forth in this Agreement or a Local Agreement, Nuance Employees and SpinCo Employees who reside outside of the United States or are otherwise subject to non-U.S. Law (“Non-U.S. Employees”) and their related benefits and Liabilities shall be treated under this Agreement in the same manner as the Nuance Employees and SpinCo Employees, respectively, who are residents of the
United States and are not subject to non-U.S. Law; provided, that, notwithstanding anything to the contrary in this Agreement, all actions taken with respect to such
Non-U.S. Employees shall be subject to and accomplished in accordance with applicable Law in the custom of the applicable jurisdictions and may be effectuated by implementation of a Local Agreement. In the
case of a conflict between the terms and provisions of this Agreement and a Local Agreement, the terms and provisions of such Local Agreement shall control. 

  
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 ARTICLE 13 

COOPERATION; ACCESS TO INFORMATION; LITIGATION; CONFIDENTIALITY 

Section 13.01.    Cooperation. Following the date of this Agreement, the Parties shall, and shall cause their
respective Subsidiaries to, use commercially reasonable efforts to cooperate with respect to any employee compensation or benefits matters that either Party reasonably determines require the cooperation of the other Party in order to accomplish the
objectives of this Agreement. Without limiting the generality of the preceding sentence, (a) Nuance, SpinCo, and their respective Subsidiaries shall cooperate in connection with any audits of any Benefit Plan with respect to which such Party
may have Information, (b) Nuance, SpinCo, and their respective Subsidiaries shall cooperate in connection with any audits of their respective payroll services (whether by a Governmental Authority in the United States or otherwise) in connection
with the services provided by one Party to the other Party, and (c) Nuance, SpinCo, and their respective Subsidiaries shall cooperate in good faith in connection with the notification and consultation with labor unions and other employee
representatives of employees of the Nuance Group and the SpinCo Group. With respect to each Benefit Plan, the obligations of the Nuance Group and the SpinCo Group to cooperate pursuant to this Section 13.01 or any other
provision of this Agreement shall remain in effect until the latest of (i) the date on which all audits of such Benefit Plan with respect to which a Party may have Information have been completed, (ii) the date the applicable statute of
limitations with respect to such audits has expired, and (iii) the date on which the Nuance Group discharges all obligations to SpinCo Employees, Former SpinCo Employees, and their respective beneficiaries under such Benefit Plan. 

Section 13.02.    Access to Information; Privilege; Confidentiality. Except as would be inconsistent with
Section 13.01 or any other provision of this Agreement relating to cooperation, Article VII of the Separation Agreement is hereby incorporated into this Agreement mutatis mutandis. 

ARTICLE 14 
 TERMINATION

 Section 14.01.    Termination. This Agreement may be terminated by Nuance at any time, in its sole
discretion, prior to the Distribution; provided, however, that this Agreement shall automatically terminate upon the termination of the Separation Agreement in accordance with its terms. 

Section 14.02.    Effect of Termination. In the event of any termination of this Agreement prior to the
Distribution, none of the Parties (or any of its directors or officers) shall have any Liability or further obligation to any other Party under this Agreement. 

ARTICLE 15 

MISCELLANEOUS 

Section 15.01.    Incorporation of Indemnification Provisions of Separation Agreement. In addition to the
specific indemnification provisions in this Agreement, Article VI of the Separation Agreement is hereby incorporated into this Agreement mutatis mutandis. 

  
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 Section 15.02.    Additional Indemnification. If the Parties
determine that SpinCo is unable to establish any SpinCo Benefit Plan as of the applicable Local Transfer Date (or the applicable Welfare Plan Date, if applicable) that it is required under this Agreement to establish by such date, then SpinCo shall
indemnify, defend, and hold harmless each of the Nuance Indemnitees from and against any and all Liabilities of the Nuance Indemnitees relating to, arising out of, or resulting from participation by any SpinCo Employee, SpinCo LTD Employee, or
Former SpinCo Employee on or after the applicable Local Transfer Date (or the applicable Welfare Plan Date) in any such Nuance Benefit Plan due to the failure to timely establish such SpinCo Benefit Plan or Plans. In addition, SpinCo shall
indemnify, defend, and hold harmless each of the Nuance Indemnitees from and against any and all Liabilities of the Nuance Indemnities relating to, arising out of, or resulting from any claim by any SpinCo Employee, SpinCo LTD Employee, or Former
SpinCo Employee that Nuance or any other member of the Nuance Group is a “joint employer” or “co-employer” (or term of similar meaning under applicable Law) with SpinCo or any other member
of the SpinCo Group of any such SpinCo Employee, SpinCo LTD Employee, or Former SpinCo Employee on or after the Distribution Date (including, except as otherwise specifically provided in this Agreement or the TSA, with respect to a claim that any of
the foregoing are entitled to participate in any Nuance Benefit Plan at any time on or after the Distribution Date). 

Section 15.03.    Further Assurances. Article IX of the Separation Agreement is hereby incorporated into this
Agreement mutatis mutandis. 
 Section 15.04.    Administration. SpinCo hereby acknowledges that
Nuance has provided or will provide administration services for certain SpinCo Benefit Plans, and SpinCo agrees to assume responsibility for the administration and administration costs of such plans and each other SpinCo Benefit Plan. The Parties
shall cooperate in good faith to complete such transfer of responsibility on commercially reasonable terms and conditions effective no later than the Distribution or the applicable Welfare Plan Date or Workers’ Compensation Claim Date. 

Section 15.05.    Third-Party Beneficiaries. Except as otherwise may be provided in the Separation Agreement
with respect to the rights of any Nuance Indemnitee or SpinCo Indemnitee, (a) the provisions of this Agreement are solely for the benefit of the Parties and are not intended to confer any rights or remedies hereunder upon any Person except the
Parties and (b) there are no third-party beneficiaries of this Agreement, and this Agreement shall not provide any third party with any remedy, claim, liability, reimbursement, cause of action, or other right. 

Section 15.06.    Employment Tax Reporting Responsibility. To the extent applicable, the Parties hereby agree
to follow the alternate procedure for U.S. employment tax withholding as provided in Section 5 of Rev. Proc. 2004-53, I.R.B. 2004-35. 

Section 15.07.    Data Privacy. The Parties agree that any applicable data privacy Laws and any other
obligations of the SpinCo Group and the Nuance Group to maintain the confidentiality of any Information relating to employees in accordance with applicable Law shall govern the disclosure of Information relating to employees among the Parties under
this Agreement. Nuance and SpinCo shall ensure that they each have in place appropriate technical and organizational security measures to protect the personal data of the SpinCo Employees and Former SpinCo Employees. Additionally, each Party shall
sign any documentation as may be required to comply with applicable data privacy Laws. 

  
 19 

 Section 15.08.    Section 409A. Nuance and SpinCo shall
cooperate in good faith and use reasonable best efforts to ensure that the transactions contemplated by the Separation Agreement and the Ancillary Agreements, including this Agreement, will not result in adverse tax consequences under
Section 409A of the Code to any Nuance Employee, Former Nuance Employee, SpinCo Employee, or Former SpinCo Employee (or any of their respective beneficiaries), in respect of their respective benefits under any Benefit Plan. 

Section 15.09.    Confidentiality. 

(a)    Each of Nuance and SpinCo, on behalf of itself and each Person in its respective Group, shall, and shall cause its
respective directors, officers, employees, agents, accountants, counsel, and other advisors and representatives to, hold in strict confidence and not release or disclose, with at least the same degree of care, that it applies to its own confidential
and proprietary Information pursuant to policies in effect as of the Distribution, but no less than a reasonable degree of care, all Information concerning the other Group or its business that is either in its possession (including Information in
its possession prior to the Distribution) or furnished by the other Group or its respective directors, officers, employees, agents, accountants, counsel, and other advisors and representatives at any time pursuant to this Agreement and shall not use
any such Information other than for such purposes as shall be expressly permitted hereunder, except, in each case, to the extent that such Information is (i) in the public domain through no fault of any member of the Nuance Group or the SpinCo
Group, as applicable, or any of its respective directors, officers, employees, agents, accountants, counsel, or other advisors and representatives, (ii) later lawfully acquired from other sources by any of Nuance, SpinCo, or its respective
Group, directors, officers, employees or agents, accountants, counsel, or other advisors and representatives, as applicable, which sources are not, to the knowledge of any of Nuance, SpinCo, or Persons in its respective Group, themselves bound by a
confidentiality obligation regarding such Information, (iii) independently generated without reference to any proprietary or confidential Information of the Nuance Group or the SpinCo Group, as applicable, or (iv) required to be disclosed
by applicable Law; provided, however, that the Person required to disclose such Information gives the applicable Person prompt and, to the extent reasonably practicable, prior notice of such disclosure and an opportunity to contest
such disclosure and shall use commercially reasonable efforts to cooperate, at the expense of the requesting Person, in seeking any reasonable protective arrangements requested by such Person. If such appropriate protective order or other remedy is
not obtained, the Person that is required to disclose such Information shall furnish, or cause to be furnished, only that portion of such Information that is legally required to be disclosed and shall take commercially reasonable steps to ensure
that confidential treatment is accorded such Information. Notwithstanding the foregoing, each of Nuance and SpinCo may release or disclose, or permit to be released or disclosed, any such Information concerning the other Group (A) to their
respective directors, officers, employees, agents, accountants, counsel, and other advisors and representatives who need to know such Information (who shall be advised of the obligations hereunder with respect to such Information) and (B) to
any nationally recognized statistical rating agency as it reasonably deems necessary, solely for the purpose of obtaining a rating of securities upon normal terms and conditions; provided, however, that the Party whose Information is
being disclosed or released to such rating agency is promptly notified thereof. 
 (b)    Without limiting the
foregoing, when any Information concerning the other Group or its business is no longer needed for the purposes contemplated by this Agreement, the applicable Party shall, promptly after request of the other Party, either return all Information in a

  
 20 

 
tangible form (including all copies thereof and all notes, extracts, or summaries based thereon) or certify to the other Party, as applicable, that it has destroyed such Information (and used
commercially reasonable efforts to destroy all such Information electronically preserved or recorded within any computerized data storage device or component (including any hard-drive or database)). 

Section 15.10.    Additional Provisions. Article XI of the Separation Agreement is hereby incorporated into
this Agreement mutatis mutandis. 
 [SIGNATURE PAGE TO FOLLOW] 

  
 21 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly
authorized representatives. 
  

			
	NUANCE COMMUNICATIONS, INC.

 
			
		
	By:	 	  

	 Name:
 Title:
	 	
	
	CERENCE INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page to
Employee Matters Agreement]EX-10.4

 Exhibit 10.4 
  

INTELLECTUAL PROPERTY AGREEMENT 

by and between 
 Nuance
Communications, Inc. 
 and 

Cerence Inc. 
 Dated as of 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	ARTICLE I	  

	DEFINITIONS	  

			
	 Section 1.01.
	 	Definitions	  	 	1	 
	
	ARTICLE II	  

	RECORDATION OF INTELLECTUAL PROPERTY RIGHTS ASSIGNMENT AGREEMENTS	  

			
	 Section 2.01.
	 	Intellectual Property Assignment Agreements	  	 	5	 
	 Section 2.02.
	 	Recordation	  	 	5	 
	 Section 2.03.
	 	Security Interests	  	 	5	 
	
	ARTICLE III	  

	LICENSES AND COVENANTS FROM NUANCE TO SPINCO	  

			
	 Section 3.01.
	 	License Grants	  	 	6	 
	 Section 3.02.
	 	Other Covenants	  	 	7	 
	
	ARTICLE IV	  

	LICENSES AND COVENANTS FROM SPINCO TO NUANCE	  

			
	 Section 4.01.
	 	License Grants	  	 	8	 
	 Section 4.02.
	 	Other Covenants	  	 	9	 
	
	ARTICLE V	  

	ADDITIONAL INTELLECTUAL PROPERTY RELATED MATTERS	  

			
	 Section 5.01.
	 	Ownership	  	 	10	 
	 Section 5.02.
	 	Assignments and Licenses	  	 	10	 
	 Section 5.03.
	 	No Implied Rights	  	 	10	 
	 Section 5.04.
	 	No Obligation To Prosecute or Maintain Patents	  	 	10	 
	 Section 5.05.
	 	No Technical Assistance	  	 	10	 
	 Section 5.06.
	 	Group Members	  	 	10	 
	
	ARTICLE VI	  

	CONFIDENTIAL INFORMATION	  

			
	 Section 6.01.
	 	Confidentiality	  	 	10	 
	 Section 6.02.
	 	Disclosure of Confidential Technical Information	  	 	11	 
	 Section 6.03.
	 	Compulsory Disclosure of Confidential Technical Information	  	 	11	 
	
	ARTICLE VII	  

	LIMITATION OF LIABILITY AND WARRANTY DISCLAIMER	  

  
 i 

							
	 Section 7.01.
	 	 Limitation on Liability
	  	 	11	 
	 Section 7.02.
	 	 Disclaimer of Representations and Warranties
	  	 	11	 
	
	ARTICLE VIII	  

	TRANSFERABILITY AND ASSIGNMENT	  

			
	 Section 8.01.
	 	 No Assignment or Transfer Without Consent
	  	 	12	 
	 Section 8.02.
	 	 Divested Businesses
	  	 	12	 
	
	ARTICLE IX	  

	TERMINATION	  

			
	 Section 9.01.
	 	 Termination by Both Parties
	  	 	13	 
	 Section 9.02.
	 	 Termination prior to the Distribution
	  	 	13	 
	 Section 9.03.
	 	 Effect of Termination; Survival
	  	 	13	 
	
	ARTICLE X	  

	FURTHER ASSURANCES	  

			
	 Section 10.01.
	 	 Further Assurances
	  	 	13	 
	
	ARTICLE XI	  

	MISCELLANEOUS	  

			
	 Section 11.01.
	 	 Counterparts; Entire Agreement; Corporate Power
	  	 	14	 
	 Section 11.02.
	 	 Dispute Resolution
	  	 	14	 
	 Section 11.03.
	 	 Governing Law; Jurisdiction
	  	 	15	 
	 Section 11.04.
	 	 Waiver of Jury Trial
	  	 	15	 
	 Section 11.05.
	 	 Court-Ordered Interim Relief
	  	 	15	 
	 Section 11.06.
	 	 Specific Performance
	  	 	16	 
	 Section 11.07.
	 	 Third-Party Beneficiaries
	  	 	16	 
	 Section 11.08.
	 	 Notices
	  	 	16	 
	 Section 11.09.
	 	 Import and Export Control
	  	 	17	 
	 Section 11.10.
	 	 Bankruptcy
	  	 	17	 
	 Section 11.11.
	 	 Severability
	  	 	18	 
	 Section 11.12.
	 	 Expenses
	  	 	18	 
	 Section 11.13.
	 	 Headings
	  	 	18	 
	 Section 11.14.
	 	 Survival of Covenants
	  	 	18	 
	 Section 11.15.
	 	 Waivers of Default
	  	 	18	 
	 Section 11.16.
	 	 Amendments
	  	 	18	 
	 Section 11.17.
	 	 Interpretation
	  	 	19	 

  

					
	 SCHEDULE A
	  	 –  
	  	 Fields of Use

	 SCHEDULE B
	  	 –  
	  	 Nuance Data

	 SCHEDULE C
	  	 –  
	  	 SpinCo Data

	 SCHEDULE D
	  	 –  
	  	 SpinCo Patents

	 SCHEDULE E
	  	 –  
	  	 SpinCo IDs

	 SCHEDULE F
	  	 –  
	  	 SpinCo Trademarks

  
 ii 

					
	 SCHEDULE G
	  	 –  
	  	 SpinCo Domain Names

	 SCHEDULE H
	  	 –  
	  	 Technology Assets

	 SCHEDULE I
	  	 –  
	  	 OEM Technology

			
	 EXHIBIT A1
	  	 –  
	  	 Patent Assignment Agreement

	 EXHIBIT A2
	  	 –  
	  	 Trademark Assignment Agreement

	 EXHIBIT A3
	  	 –  
	  	 Domain Name Assignment Agreement

	 EXHIBIT A4
	  	 –  
	  	 Invention Disclosure Assignment Agreement

  
 iii 

 INTELLECTUAL PROPERTY AGREEMENT, dated as of , 2019 (this “Agreement”), by
and between NUANCE COMMUNICATIONS, INC., a Delaware corporation (“Nuance”), and CERENCE INC., a Delaware corporation (“SpinCo”). 

RECITALS 
 WHEREAS, in connection
with the contemplated Spin-Off of SpinCo and concurrently with the execution of this Agreement, Nuance and SpinCo are entering into a Separation and Distribution Agreement (the “Separation
Agreement”); 
 WHEREAS, pursuant to the Separation Agreement and the other Ancillary Agreements, as of the Distribution Date, the
Nuance IP has been allocated to the Nuance Group and the SpinCo IP has been allocated to the SpinCo Group; 
 WHEREAS, the Parties wish to
record the transfers of any registrations or applications of Nuance IP and SpinCo IP, as applicable, to the extent the ownership thereof has transferred from a member of the Nuance Group to a member of the SpinCo Group, or vice versa, pursuant to
the Separation Agreement or any other Ancillary Agreement; 
 WHEREAS, pursuant to the Separation Agreement and the other Ancillary
Agreements, as of the Distribution Date, the Nuance IP allocated to the Nuance Group includes the Nuance Patents, the Nuance Shared Technology Assets and the Nuance Data, and the SpinCo IP allocated to the SpinCo Group includes the SpinCo Patents,
the SpinCo Shared Technology Assets and the SpinCo Data; 
 WHEREAS, it is the intent of the Parties that Nuance grant a license to SpinCo
under the Nuance Patents and the Nuance Shared Technology Assets, and provide certain rights or services to the SpinCo Group with respect to the Nuance Data, in each case for the SpinCo Field of Use, subject to the terms and conditions set forth in
this Agreement; and 
 WHEREAS, it is the intent of the Parties that SpinCo grant a license to Nuance under the SpinCo Patents and the
SpinCo Shared Technology Assets, and provide certain rights or services to the Nuance Group with respect to certain of the SpinCo Data, in each case for the Nuance Field of Use, subject to the terms and conditions set forth in this Agreement. 

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained in this Agreement, the Parties, intending to be
legally bound, hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01.    Definitions. As used in this Agreement, the following terms have the meanings set forth below
and herein, and the terms defined in Schedules shall have the meanings set forth therein. Capitalized terms used, but not defined in this Agreement shall have the meanings ascribed to such terms in the Separation Agreement or any other
Ancillary Agreement, as applicable. 

 “Bankruptcy Code” has the meaning set forth in Section 11.10.

 “Confidential Technical Information” means, with respect to each Disclosing Party, any confidential Data, Trade Secrets
or Technology source code within the Nuance IP or SpinCo IP, as applicable, that is in the Receiving Party’s possession or that the Receiving Party obtains pursuant to the terms of this Agreement, together with any tangible or electronic
expressions or embodiments thereof; provided, that “Confidential Technical Information” shall not include information that is or was (i) publicly known at the time of disclosure or thereafter without any breach of this
Agreement by the Receiving Party or its Group or (ii) subsequently made known to the Receiving Party or its Group from a source unconnected with either Party or its Group. 

“Copyrights” means copyrights, works of authorship (including all translations, adaptations, derivations and combinations
thereof), mask works, designs and database rights, including, in each case, any registrations and applications therefor. 

“Data” means all data, databases and collections and compilations of data, in any form or medium. 

“Disclosing Party” means each Party in its capacity as the discloser of Confidential Technical Information, as applicable.

 “Divested Entity” has the meaning set forth in Section 8.02. 

“Domain Name Assignment Agreement” has the meaning set forth in Section 2.01. 

“Domain Names” means Internet domain names, including top level domain names and global top level domain names, URLs, social
media identifiers, handles and tags. 
 “Intellectual Property Assignment Agreements” has the meaning set forth in
Section 2.01. 
 “Intellectual Property Rights” or “IPR” means any and all intellectual
property rights existing anywhere in the world associated with any and all (i) Patents, (ii) Trademarks, (iii) Copyrights, (iv) Domain Names, (v) rights in Technology, (vi) rights in Trade Secrets,
(vii) rights in Data, (viii) all tangible embodiments of the foregoing in whatever form or medium and (ix) any other legal protections and rights related to any of the foregoing. “Intellectual Property
Rights” specifically excludes contractual rights (including license grants from third parties). 
 “Invention Disclosure
Assignment Agreement” has the meaning set forth in Section 2.01. 
 “Nuance Data” means any Data that
is (i) owned by a Third Party and licensed to the Nuance Group as of immediately prior to the Distribution pursuant to a Nuance Data Agreement or (ii) owned by the Nuance Group as of immediately prior to the Distribution but subject to a
Nuance Data Agreement, in each case (i) and (ii), which Data is used in the SpinCo Business as of immediately prior to the Distribution. 

  
 2 

 “Nuance Data Agreement” means each Contract identified in Schedule
B. 
 “Nuance Field of Use” has the meaning set forth in Schedule A. 

“Nuance IP” means all Intellectual Property Rights owned by the Nuance Group or the SpinCo Group as of immediately prior to
the Distribution, other than the SpinCo IP. 
 “Nuance Patents” means all Patents included within the Nuance IP. 

“Nuance Shared Technology Assets” means (i) the Nuance Technology Assets identified on Schedule H-2 and
(ii) any other Nuance Technology Assets not identified on Schedule H-2 that are used in the SpinCo Business as of immediately prior to the Distribution; provided that the “Nuance Shared Technology Assets” exclude
any OEM Technology. 
 “Nuance Technology Assets” means all of the Technology owned by the Nuance Group or the SpinCo Group
as of immediately prior to the Distribution, excluding the SpinCo Technology Assets. For the avoidance of doubt, the “Nuance Technology Assets” include the Technology identified on Schedule
H-1. 
 “Nuance Trademarks” means the Trademarks included in the Nuance IP.

 “OEM Technology” means the Technology identified on Schedule I, each of which shall be subject to a separate
agreement. 
 “Party” means either party hereto, and “Parties” means both parties hereto. 

“Patent Assignment Agreement” has the meaning set forth in Section 2.01. 

“Patents” means patents (including all reissues, divisionals, continuations, continuations-in-part, reexaminations, supplemental examinations, inter partes review, post-grant oppositions, covered business methods reviews, substitutions and extensions thereof), patent registrations and
applications, including provisional applications, statutory invention registrations, invention disclosures and inventions. 

“Permitted Recipients” has the meaning set forth in Section 6.02. 

“Receiving Party” means each Party in its capacity as the recipient of Confidential Technical Information, as applicable.

 “Software” means any and all (i) computer programs and applications, including any and all software
implementations of algorithms, models and methodologies, whether in source code, object code, human readable form or other form, including operating software, network software, firmware, middleware, design software, design tools, ASP, HTML, DHTML,
SHTML and XML files, cgi and other scripts, APIs and web widgets, (ii) descriptions, flow charts and other work product used to design, plan, organize and develop any of the foregoing, screens, user interfaces, report formats, firmware,
development tools, templates, menus, buttons and icons, (iii) all documentation including user manuals and other training documentation related to any of the foregoing and (iv) all tangible embodiments of the foregoing in
whatever 

  
 3 

 
form or medium now known or yet to be created, including all disks, diskettes and tapes; provided, that “Software” does not include Data. 

“SpinCo Copyrights” means unregistered Copyrights that are owned by the Nuance Group or the SpinCo Group and exclusively
related to the SpinCo Business as of immediately prior to the Distribution; provided, that the “SpinCo Copyrights” do not include any Technology or SpinCo Data. 

“SpinCo Data” means any Data that is (i) owned by a Third Party and licensed to the Nuance Group or SpinCo Group as of
immediately prior to the Distribution pursuant to a SpinCo Data Agreement or (ii) owned by the Nuance Group or SpinCo Group as of immediately prior to the Distribution but subject to a SpinCo Data Agreement and (iii) Data owned by the
Nuance Group or SpinCo Group and exclusively related to the SpinCo Business as of immediately prior to the Distribution. 
 “SpinCo
Data Agreement” means each Contract identified in Schedule C. 
 “SpinCo Domain Names” means the Domain
Names identified on Schedule G, in each case excluding any Trademarks containing “Nuance” or any transliteration or translation thereof or any version of the “Nuance and Design” logo. 

“SpinCo Field of Use” has the meaning set forth in Schedule A. 

“SpinCo IDs” means the invention disclosures identified on Schedule E. 

“SpinCo IP” means (i) the SpinCo Patents, (ii) the SpinCo Copyrights, (iii) the SpinCo
Domain Names, (iv) the SpinCo Trade Secrets, (v) the SpinCo Trademarks, (vi) the SpinCo IDs, (vii) the SpinCo Technology Assets and (viii) the SpinCo Data. 

“SpinCo Patents” means the Patents identified on Schedule D. 

“SpinCo Shared Technology Assets” means the SpinCo Technology Assets identified on Schedule H-4. For the avoidance of
doubt, the “SpinCo Shared Technology Assets” exclude any OEM Technology. 
 “SpinCo Technology Assets” means the
Technology identified on Schedule H-3. 
 “SpinCo Trade Secrets” means the Trade Secrets known to the Parties
that are owned by the Nuance Group or SpinCo Group and exclusively related to the SpinCo Business as of immediately prior to the Distribution; provided, that the “SpinCo Trade Secrets” do not include any Technology or SpinCo Data.

 “SpinCo Trademarks” means the Trademarks identified on Schedule F. 

“Technology” means Software, technical documentation, specifications, schematics, designs, user interfaces, test reports,
bills of material, build instructions, lab notebooks, prototypes, samples, programs, routines, subroutines, tools, materials, apparatus, and all recordings, graphs, drawings, reports, analyses, other writings, disks, diskettes and tapes,

  
 4 

 
together with all Intellectual Property Rights (other than Patents and Trademarks) in the foregoing. 

“Third Party” means any Person (including any Governmental Authority) who is not a member of the Nuance Group or the SpinCo
Group. 
 “Trade Secrets” means all information, in any form or medium, to the extent that the owner thereof has taken
reasonable measures to keep such information secret and the information derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable through proper means by, the public. 

“Trademark Assignment Agreement” has the meaning set forth in Section 2.01. 

“Trademarks” means trademarks, service marks, trade names, logos, slogans, trade dress or other source identifiers, including
any registration or any application for registration therefor, together with all goodwill associated therewith. 
 ARTICLE II 

RECORDATION OF INTELLECTUAL PROPERTY RIGHTS ASSIGNMENT AGREEMENTS 

Section 2.01.    Intellectual Property Assignment Agreements. In order to carry out the intent of the Parties
with respect to the recordation of the transfers of any registrations or applications of Nuance IP or SpinCo IP, as applicable, to the extent the ownership thereof has transferred from a member of the Nuance Group to a member of the SpinCo Group, or
vice versa, pursuant to the Separation Agreement or any other Ancillary Agreement, the Parties shall execute intellectual property assignments in a form substantially similar to that attached as Exhibit A1 (the “Patent Assignment
Agreement”), Exhibit A2 (the “Trademark Assignment Agreement”), Exhibit A3 (the “Domain Name Assignment Agreement”) and Exhibit A4 (the “Invention Disclosure Assignment
Agreement”) as well as such additional case specific assignments as deemed appropriate or necessary under applicable Laws (collectively, the “Intellectual Property Assignment Agreements”) for recordation with the
appropriate Governmental Authority. 
 Section 2.02.    Recordation. The relevant assignee Party shall have
the sole responsibility, at its sole cost and expense, to file the Intellectual Property Assignment Agreements and any other forms or documents with the appropriate Governmental Authorities as required to record the transfer of any registrations or
applications of Nuance IP or SpinCo IP that is allocated under the Separation Agreement, as applicable, and the relevant assignor Party hereby consents to such recordation. 

Section 2.03.    Security Interests. Prior to, on and after the Distribution Date, each Party shall cooperate
with the other Party, without any further consideration and at no expense to the other Party, to obtain, cause to be obtained or properly record the release of any outstanding Security Interest attached to any Nuance IP or SpinCo IP that is subject
to assignment from one Party or its Group to the other Party or its Group hereunder, as applicable, and to take, or cause to be taken, all actions as the other Party may reasonably be requested to take in order to obtain, cause to be obtained or
properly record such release. 

  
 5 

 ARTICLE III 

LICENSES AND COVENANTS FROM NUANCE TO SPINCO 

Section 3.01.    License Grants. 

(a)    Patents. Subject to the terms and conditions of this Agreement, as of the Distribution Date, Nuance hereby
grants to SpinCo and the members of the SpinCo Group a worldwide, non-exclusive, fully paid-up, perpetual and irrevocable, transferable (subject to ARTICLE VIII), sublicensable (subject to
Section 3.01(g)) license under the Nuance Patents, solely to the extent that claims of the Nuance Patents cover products or services of the SpinCo Business in the SpinCo Field of Use, together with natural extensions and evolutions
thereof, in each case to make, have made, use, sell, offer for sale, import and otherwise exploit such products and services, together with natural extensions and evolutions thereof. 

(b)    Technology. Subject to the terms and conditions of this Agreement, as of the Distribution Date, Nuance
hereby grants to SpinCo and the members of the SpinCo Group a worldwide, non-exclusive, fully paid-up, perpetual and irrevocable, transferable (subject to ARTICLE
VIII), sublicensable (subject to Section 3.01(g)) license to install, access, use, reproduce, perform, display, modify (including the right to create improvements and derivative works), further develop, sell, manufacture, distribute
and market products and services based on, using or incorporating the Nuance Shared Technology Assets within the SpinCo Field of Use, together with natural extensions and evolutions thereof. 

(c)    Other Nuance Shared IP. Subject to the terms and conditions of this Agreement, as of the Distribution Date,
Nuance hereby grants to SpinCo and the members of the SpinCo Group a worldwide, non-exclusive, fully paid-up, perpetual and irrevocable, transferable (subject to
ARTICLE VIII), sublicensable (subject to Section 3.01(g)) license to continue to use any Nuance IP (other than Nuance Patents, Nuance Technology Assets, Nuance Trademarks and Nuance Data), in each case solely as and to the extent
that it is used by the SpinCo Group in connection with products and services of the SpinCo Business within the SpinCo Field of Use, together with natural extensions and evolutions thereof. 

(d)    Trademarks. The Parties acknowledge and agree that no rights are granted to the SpinCo Group in this
Agreement with respect to any Trademarks or Domain Names, provided that certain rights and obligations with respect to the use by the SpinCo Group of certain Nuance Trademarks and related Domain Names shall be set forth in the Transitional Trademark
License Agreement. To the extent there is a conflict between the terms of this Agreement and the Transitional Trademark License Agreement, the terms of the Transitional Trademark License Agreement shall control. 

(e)    Nuance Data. The Parties acknowledge and agree that certain rights and obligations with respect to the use
or benefit by the SpinCo Group of certain Nuance Data shall be as provided in Schedule B. 
 (f)    OEM
Technology. Notwithstanding the foregoing, the Parties acknowledge and agree that this Section 3.01 does not grant any rights or licenses to any OEM Technology, which is subject to certain separate agreements between
the Parties, and to the 

  
 6 

 
extent there is a conflict between this Agreement and such separate agreements, such separate agreements shall control. 

(g)    Sublicenses. The licenses granted in Sections 3.01(a), (b) and (c) to the SpinCo
Group include the right to grant sublicenses within the scope of such licenses only to members of the SpinCo Group and, without any further right to sublicense, to their respective (i) contractors, distributors, manufacturers and
resellers, in each case solely for the benefit of the SpinCo Business, and (ii) end users and customers, in each case solely in connection with the use of products and services of the SpinCo Business. Notwithstanding the forgoing,
subject to Section 3.02(b) and ARTICLE VI, members of the SpinCo Group may only sublicense the Nuance Shared Technology Assets pursuant to terms and conditions as protective as those under which it licenses its own Technology of a
similar nature and value, and in any event terms and conditions that provide for commercially reasonable protection for the source code, structure and other confidential and proprietary elements of the Nuance Shared Technology Assets. The SpinCo
Group shall remain liable for any breach or default of the applicable terms and conditions of this Agreement by any of its sublicensees. 

Section 3.02.    Other Covenants. 

(a)    SpinCo hereby acknowledges Nuance’s right, title and interest in and to the Nuance IP. SpinCo agrees that it
will not (i) oppose, challenge, petition to cancel, contest or threaten in any way, or assist another party in opposing, challenging, petitioning to cancel, contesting or threatening in any way, any application or registration by Nuance or its
Affiliates or their respective licensees for any Nuance IP, (ii) engage in any act, or purposefully omit to perform any act, that impairs or adversely affects the rights of Nuance or any member of the Nuance Group in and to any Nuance IP or
(iii) apply for any registration (including federal, state and national registrations) with respect to the Nuance IP. 

(b)    With respect to the Nuance Shared Technology Assets, SpinCo agrees that it will not (i) engage in any act, or
purposefully omit to perform any act, that impairs or adversely affects the rights of Nuance or any member of the Nuance Group in and to any Nuance Shared Technology Assets, (ii) use the Nuance Shared Technology Assets on a service bureau, time
sharing or similar basis, or for the benefit of any other Person, (iii) remove any proprietary markings in the Nuance Shared Technology Assets, (iv) incorporate or otherwise combine or integrate any open source software with or into the
Nuance Shared Technology Assets such that the Nuance Shared Technology Assets, or any part thereof, becomes subject to any “open source,” “copyleft” or similar type of license terms (including, without limitation, any license
that is or was recognized as an open source software license by the Open Source Initiative), (v) reverse engineer, reverse assemble or decompile the Nuance Shared Technology Assets or any software component of the Nuance Shared Technology Assets or
(vi) disclose, distribute or otherwise provide or permit access to source code of any Nuance Shared 

  
 7 

 
Technology Assets other than to commercial source code escrow providers who are only permitted to make such source code available to third parties that have entered into an escrow agreement with
a member of the SpinCo Group and escrow provider. 
 ARTICLE IV 

LICENSES AND COVENANTS FROM SPINCO TO NUANCE 

Section 4.01.    License Grants. 

(a)    Patents. Subject to the terms and conditions of this Agreement, as of the Distribution Date, SpinCo hereby
grants to Nuance and the members of the Nuance Group a worldwide, non-exclusive, fully paid-up, perpetual and irrevocable, transferable (subject to ARTICLE VIII),
sublicensable (subject to Section 4.01(g)) license under the SpinCo Patents, solely to the extent that claims of the SpinCo Patents cover products or services of the Nuance Business in the Nuance Field of Use, together with
natural extensions and evolutions thereof, in each case to make, have made use, sell, offer for sale, import and otherwise exploit such products and services, together with natural extensions and evolutions thereof. 

(b)    Technology. Subject to the terms and conditions of this Agreement, as of the Distribution Date, SpinCo
hereby grants to Nuance and the members of the Nuance Group a worldwide, non-exclusive, fully paid-up, perpetual and irrevocable, transferable (subject to ARTICLE
VIII), sublicensable (subject to Section 4.01(g)) license to install, access, use, reproduce, perform, display, modify (including the right to create improvements and derivative works), further develop, sell,
manufacture, distribute and market products and services based on, using or incorporating the SpinCo Shared Technology Assets within the Nuance Field of Use, together with natural extensions and evolutions thereof. 

(c)    Other SpinCo Shared IP. Subject to the terms and conditions of this Agreement, as of the Distribution Date,
SpinCo hereby grants to Nuance and the members of the Nuance Group a worldwide, non-exclusive, fully paid-up, perpetual and irrevocable, transferable (subject to
ARTICLE VIII), sublicensable (subject to Section 4.01(g)) license to continue to use any SpinCo IP (other than SpinCo Patents, SpinCo Technology Assets, SpinCo Trademarks, SpinCo Domain Names and SpinCo Data), in
each case solely as and to the extent that it is used by the Nuance Group in connection with products and services of the Nuance Business within the Nuance Field of Use, together with natural extensions and evolutions thereof.  

(d)    Trademarks. The Parties acknowledge and agree that no rights are granted to the Nuance Group in this
Agreement with respect to any Trademarks or Domain Names. 
 (e)    SpinCo Data. The Parties acknowledge and
agree that certain rights and obligations with respect to the use or benefit of the Nuance Group of certain SpinCo Data shall be as provided in Schedule C. 

(f)    OEM Technology. Notwithstanding the foregoing, the Parties acknowledge and agree that this
Section 4.01 does not grant any rights or licenses to any OEM Technology, which is subject to certain separate agreements between the Parties, and to the 

  
 8 

 
extent there is a conflict between this Agreement and such separate agreements, such separate agreements shall control. 

(g)    Sublicenses. The licenses granted in Sections 4.01(a), (b) and (c) to the Nuance
Group include the right to grant sublicenses within the scope of such licenses only to members of the Nuance Group and, without any further right to sublicense, to their respective (i) contractors, distributors, manufacturers and
resellers, in each case solely for the benefit of the Nuance Business and (ii) end users and customers, in each case solely in connection with the use of products and services of the Nuance Business. Notwithstanding the forgoing, subject
to Section 4.02(b) and ARTICLE VI, members of the Nuance Group may only sublicense the SpinCo Shared Technology Assets pursuant to terms and conditions as protective as those under which it licenses its own
Technology of a similar nature and value, and in any event terms and conditions that provide for commercially reasonable protection for the source code, structure and other confidential and proprietary elements of the SpinCo Shared Technology
Assets. The Nuance Group shall remain liable for any breach or default of the applicable terms and conditions of this Agreement by any of its sublicensees. 

Section 4.02.    Other Covenants. 

(a)    Nuance hereby acknowledges SpinCo’s right, title and interest in and to the SpinCo IP. Nuance agrees that it
will not (i) oppose, challenge, petition to cancel, contest or threaten in any way, or assist another party in opposing, challenging, petitioning to cancel, contesting or threatening in any way, any application or registration by SpinCo or its
Affiliates or their respective licensees for any SpinCo IP, (ii) engage in any act, or purposefully omit to perform any act, that impairs or adversely affects the rights of SpinCo or any member of the SpinCo Group in and to any SpinCo IP or
(iii) apply for any registration (including federal, state and national registrations) with respect to the SpinCo IP. 

(b)    With respect to the SpinCo Shared Technology Assets, Nuance agrees that it will not (i) engage in any act, or
purposefully omit to perform any act, that impairs or adversely affects the rights of SpinCo or any member of the SpinCo Group in and to any SpinCo Shared Technology Assets, (ii) use the SpinCo Shared Technology Assets on a service bureau, time
sharing or similar basis, or for the benefit of any other Person, (iii) remove any proprietary markings in the SpinCo Shared Technology Assets, (iv) incorporate or otherwise combine or integrate any open source software with or into the
SpinCo Shared Technology Assets such that the SpinCo Shared Technology Assets, or any part thereof, becomes subject to any “open source,” “copyleft” or similar type of license terms (including, without limitation, any license
that is or was recognized as an open source software license by the Open Source Initiative), (v) reverse engineer, reverse assemble or decompile the SpinCo Shared Technology Assets or any software component of the SpinCo Shared Technology Assets or
(vi) disclose, distribute or otherwise provide or permit access to source code of any SpinCo Shared 

  
 9 

 
Technology Assets other than to commercial source code escrow providers who are only permitted to make such source code available to third parties that have entered into an escrow agreement with
a member of the Nuance Group and escrow provider. 
 ARTICLE V 

ADDITIONAL INTELLECTUAL PROPERTY RELATED MATTERS 

Section 5.01.    Ownership. The Party receiving the license hereunder acknowledges and agrees that the Party
(or the applicable member of its Group) granting the license is the sole and exclusive owner of the Intellectual Property Rights so licensed. 

Section 5.02.    Assignments and Licenses. Any assignment, other transfer or license by either Party or any
member of its Group of any Intellectual Property Rights licensed to the other Party or any member of its Group pursuant to ARTICLE III or ARTICLE IV, respectively, shall be subject to the applicable licenses, covenants and restrictions
set forth herein. 
 Section 5.03.    No Implied Rights. Nothing contained in this Agreement shall be
construed as conferring any rights (including the right to sublicense) by implication, estoppel or otherwise, under any Intellectual Property Rights, other than as expressly granted in this Agreement, and all other rights under any Intellectual
Property Rights licensed to a Party or the members of its Group hereunder are expressly reserved by the Party granting the license. 

Section 5.04.    No Obligation To Prosecute or Maintain Patents. Except as expressly set forth in this
Agreement, no Party or any member of its Group shall have any obligation to seek, perfect or maintain any protection for any of its Intellectual Property Rights. Without limiting the generality of the foregoing, except as expressly set forth in this
Agreement, no Party or any member of its Group shall have any obligation to file any Patent application, to prosecute any Patent, or secure any Patent rights or to maintain any Patent in force. 

Section 5.05.    No Technical Assistance. Except as expressly set forth in this Agreement, in the Separation
Agreement or any other mutually executed agreement between the Parties or any of the members of their respective Groups, no Party or any member of its Group shall be required to provide the other Party with any technical assistance or to furnish any
other Party with, or obtain on their behalf, any Intellectual Property Rights-related documents, materials or other information or technology. 

Section 5.06.    Group Members. Each Party shall cause the members of its Group to comply with all applicable
provisions of this Agreement. 
 ARTICLE VI 

CONFIDENTIAL INFORMATION 

Section 6.01.    Confidentiality. Without limiting Section 6.02, all confidential
information of a Party disclosed to the other Party under this Agreement shall be deemed confidential and proprietary information of the disclosing Party, shall be subject to the provisions of Section 7.09 of the Separation Agreement and
may be used by the Receiving Party pursuant to this Agreement for the sole and express purpose of effecting the licenses granted herein. 

  
 10 

 Section 6.02.    Disclosure of Confidential Technical
Information. Except as expressly permitted by this Agreement, including in Section 3.02(b)(vi) or Section 4.02(b)(vi), the Receiving Party shall not, and shall not permit any other Person to,
disclose any Confidential Technical Information to any Person without prior written consent of the Disclosing Party, except that the Receiving Party may disclose the Confidential Technical Information solely to those employees and contractors of the
Receiving Party who have a need to know the Confidential Technical Information in connection with designing, developing, distributing, marketing, testing and supporting any products or services of the Receiving Party within the Nuance Field of Use
or SpinCo Field of Use, as applicable (collectively, the “Permitted Recipients”); provided, that prior to such disclosure the Receiving Party shall notify each such Permitted Recipient in writing of the use and disclosure
restrictions set forth in this Agreement and ensure that such Permitted Recipient is bound by confidentiality obligations with respect thereto. The Receiving Party shall take, at its sole expense, all reasonable measures to prevent any prohibited or
unauthorized disclosure or use of any Confidential Technical Information, including by its Permitted Recipients, and shall be liable for any breaches of this Agreement by any of its Permitted Recipients, in each case, as if committed by the
Receiving Party. 
 Section 6.03.    Compulsory Disclosure of Confidential Technical Information. If the
Receiving Party receives a request to disclose any Confidential Technical Information pursuant to a subpoena or other order of a Governmental Authority: (i) the Receiving Party shall promptly notify in writing the Disclosing Party thereof and
reasonably consult with and assist the Disclosing Party in seeking a protective order or other appropriate remedy to limit such disclosure, (ii) in the event that such protective order or remedy is not obtained, the Receiving Party shall
disclose only that portion of the Confidential Technical Information which, in the written opinion of the Receiving Party’s legal counsel, is legally required to be disclosed, and the Receiving Party shall use reasonable best efforts to ensure
confidential treatment of any such disclosed Confidential Technical Information and (iii) the Disclosing Party shall be given an opportunity to review any such Confidential Technical Information prior to disclosure thereof. The Parties
shall fully cooperate, to the extent permitted by Law, in any actions the Disclosing Party may take in seeking to prevent or limit such disclosure. Any Confidential Technical Information disclosed under this
Section 6.03 shall continue to be deemed Confidential Technical Information for all purposes hereunder, notwithstanding such disclosure. 

ARTICLE VII 
 LIMITATION
OF LIABILITY AND WARRANTY DISCLAIMER 
 Section 7.01.    Limitation on Liability. Without limiting the
terms set forth in Section 6.09 of the Separation Agreement, none of Nuance, SpinCo or any other member of either Group shall in any event have any Liability to the other or to any other member of the other’s Group under this Agreement for
any indirect, special, punitive or consequential damages, whether or not caused by or resulting from negligence or breach of obligations hereunder and whether or not informed of the possibility of the existence of such damages. 

Section 7.02.    Disclaimer of Representations and Warranties. Each of Nuance (on behalf of itself and each
other member of the Nuance Group) and SpinCo (on behalf of itself and each other member of the SpinCo Group) understands and agrees that, except as expressly set forth in this Agreement, no Party is representing or warranting in any way, including
any 

  
 11 

 
implied warranties of merchantability, fitness for a particular purpose, title, registerability, allowability, enforceability or non-infringement, as to
any Intellectual Property Rights licensed hereunder, as to the sufficiency of the Intellectual Property Rights licensed hereunder for the conduct and operations of the SpinCo Business or the Nuance Business, as applicable, as to the value or freedom
from any Security Interests of, or any other matter concerning, any Intellectual Property Rights licensed hereunder, or as to the absence of any defenses or rights of setoff or freedom from counterclaim with respect to any claim or other
Intellectual Property Rights of any such Party, or as to the legal sufficiency of any assignment, document or instrument delivered hereunder to convey title to any Intellectual Property Rights or thing of value upon the execution, delivery and
filing hereof or thereof. Except as may expressly be set forth herein, any such Intellectual Property Rights are being licensed on an “as is,” “where is” basis and the respective licensees shall bear the economic and legal risks
related to the use of the Nuance IP in the SpinCo Business or the SpinCo IP in the Nuance Business, as applicable. 
 ARTICLE VIII

 TRANSFERABILITY AND ASSIGNMENT 

Section 8.01.    No Assignment or Transfer Without Consent. Except as expressly set forth in this Agreement,
neither this Agreement nor any of the rights, interests or obligations under this Agreement, including the licenses granted pursuant to this Agreement, shall be assigned, in whole or in part, by operation of Law or otherwise by either Party without
the prior written consent of the other Party. Any purported assignment without such consent shall be void. Notwithstanding the foregoing, if any Party to this Agreement (or any of its successors or permitted assigns) (a) shall enter into a
consolidation or merger transaction in which such Party is not the surviving entity and the surviving entity acquires or assumes all or substantially all of such Party’s assets, (b) shall transfer all or substantially all of such Party’s
assets to any Person or (c) shall assign this Agreement to such Party’s Affiliates, then, in each such case, the assigning Party (or its successors or permitted assigns, as applicable) shall ensure that the assignee or
successor-in-interest expressly assumes in writing all of the obligations of the assigning Party under this Agreement, and the assigning Party shall not be required to seek consent, but shall provide written notice and evidence of such assignment,
assumption or succession to the non-assigning Party. Subject to the preceding sentences, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and assigns. No assignment
permitted by this Section 8.01 shall release the assigning Party from liability for the full performance of its obligations under this Agreement. For the avoidance of doubt, in no event will the licenses granted in this Agreement extend
to products, services or other activities of the assignee existing on or before the date of the transaction described in clauses (a) or (b) of the preceding sentence, except to the extent that they were licensed under the terms of this
Agreement prior to such transaction. 
 Section 8.02.    Divested Businesses. In the event a Party divests a
line of business or line of products or services by (a) spinning off a member of its Group by its sale or other disposition to a Third Party, (b) reducing ownership or control in a member of its Group so that it no longer qualifiers as a
member of its Group under this Agreement, (c) selling or otherwise transferring such line of business, products or services to a Third Party or (d) forming a joint venture with a Third Party with respect to such line of business, products or
services (each such divested entity or line of business, products or services, a “Divested Entity”), the Divested Entity 

  
 12 

 
shall retain those licenses granted to it under this Agreement, provided that the license shall be limited to the business, products or services (as applicable) of the Divested Entity as
of the date of divestment and such natural development thereof within the Nuance Field of Use (where Nuance is the divesting Party) or SpinCo Field of Use (where SpinCo is the divesting party). The retention of any license grants are subject to the
Divested Entity’s and, in the event it is acquired by a Third Party, such Third Party’s execution and delivery to the non-transferring Party, within 90 days of the effective date of such divestment,
of a duly authorized, written undertaking, agreeing to be bound by the applicable terms of this Agreement. For the avoidance of doubt, (i) in no event will the licenses retained by a Divested Entity extend to products, services or other
activities of a Third Party acquirer existing on or before the date of the divestment, except to the extent that they were licensed under the terms of this Agreement prior to such divestment, and (ii) in the event that a Divested Entity owns
any Intellectual Property Rights licensed to the other Party under this Agreement, such Intellectual Property Rights may be transferred or assignment with such Divested Entity subject to the terms and conditions this Agreement. 

ARTICLE IX 
 TERMINATION

 Section 9.01.    Termination by Both Parties. Subject to Section 9.02, this
Agreement may not be terminated except by an agreement in writing signed by a duly authorized officer of each of the Parties. 

Section 9.02.    Termination prior to the Distribution. This Agreement may be terminated by Nuance at
any time, in its sole discretion, prior to the Distribution; provided, however, that this Agreement shall automatically terminate upon the termination of the Separation Agreement in accordance with its terms. 

Section 9.03.    Effect of Termination; Survival. In the event of any termination of this Agreement prior to
the Distribution, neither Party (nor any member of their Group or any of their respective directors or officers) shall have any Liability or further obligation to the other Party or any member of its Group under this Agreement. Except with respect
to termination of the Agreement under Section 9.02, notwithstanding anything in this Agreement to the contrary, ARTICLE I, ARTICLE VI, ARTICLE VII, this Section 9.03 and ARTICLE XI shall survive
any termination of this Agreement. 
 ARTICLE X 

FURTHER ASSURANCES 

Section 10.01.    Further Assurances. 

(a)    In addition to the actions specifically provided for elsewhere in this Agreement, each of the Parties shall use
reasonable best efforts, prior to, on and after the Distribution Date, to take, or cause to be taken, all actions, and to do, or cause to be done, all things, reasonably necessary, proper or advisable under applicable Laws and agreements to
consummate, and make effective, the transactions contemplated by this Agreement. 
 (b)    Without limiting the
foregoing, prior to, on and after the Distribution Date, each Party shall cooperate with the other Party, without any further 

  
 13 

 
consideration, but at the expense of the requesting Party: (i) to execute and deliver, or use reasonable best efforts to execute and deliver, or cause to be executed and delivered, all
instruments, including any instruments of conveyance, assignment and transfer as such Party may reasonably be requested to execute and deliver by the other Party; (ii) to make, or cause to be made, all filings with, and to obtain, or cause to
be obtained, all Consents of any Governmental Authority or any other Person under any permit, license, Contract, indenture or other instrument; and (iii) to take, or cause to be taken, all such other actions as such Party may reasonably be
requested to take by the other Party from time to time, consistent with the terms of this Agreement, in order to effectuate the provisions and purposes of this Agreement and any transfers of Intellectual Property Rights or assignments and
assumptions of Liabilities related thereto as set forth in the Separation Agreement. 
 ARTICLE XI 

MISCELLANEOUS 

Section 11.01.    Counterparts; Entire Agreement; Corporate Power. 

(a)    This Agreement may be executed in one or more counterparts, all of which counterparts shall be considered one and
the same agreement, and shall become effective when one or more counterparts have been signed by each Party and delivered to the other Party. This Agreement may be executed by facsimile or PDF signature and scanned and exchanged by electronic mail,
and such facsimile or PDF signature or scanned and exchanged copies shall constitute an original for all purposes. 

(b)    This Agreement and the Exhibits and Schedules hereto contain the entire agreement between the Parties with respect
to the subject matter hereof and supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter, and there are no agreements or understandings between the
Parties with respect to the subject matter hereof other than those set forth or referred to herein or therein. In the event of conflict or inconsistency between the provisions of this Agreement or the Separation Agreement, the provisions of this
Agreement shall prevail. 
 (c)    Nuance represents on behalf of itself and each other member of the Nuance Group, and
SpinCo represents on behalf of itself and each other member of the SpinCo Group, as follows: 
 (i)    each such Person
has the requisite corporate or other power and authority and has taken all corporate or other action necessary in order to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby; and 

(ii)    this Agreement has been duly executed and delivered by it and constitutes, or will constitute, a valid and
binding agreement of it enforceable in accordance with the terms thereof. 
 Section 11.02.    Dispute
Resolution. In the event that either Party, acting reasonably, forms the view that another Party has caused a material breach of the terms of this Agreement, then the Party that forms such a view shall serve written notice of the alleged breach
on the other Parties and the Parties shall work together in good faith to resolve any such alleged 

  
 14 

 
breach within thirty (30) days of such notice (a “Dispute”). If any such alleged breach is not so resolved, then a senior executive of each Party shall, in good faith,
attempt to resolve any such alleged breach within the following thirty (30) days of the referral of the matter to the senior executives. If no resolution is reached with respect to any such alleged breach in accordance with the procedures
contained in this Section 11.02, then the Parties may seek to resolve such matter in accordance with Section 11.03, Section 11.04, Section 11.05
and Section 11.06 
 Section 11.03.    Governing Law; Jurisdiction. Any disputes
relating to, arising out of or resulting from this Agreement, including to its execution, performance, or enforcement, shall be governed by, and construed in accordance with, the Laws of the State of Delaware, regardless of the Laws that might
otherwise govern under applicable principles of conflicts of Laws thereof. Each Party irrevocably consents to the exclusive jurisdiction, forum and venue of the Delaware Court of Chancery (and if the Delaware Court of Chancery shall be unavailable,
any Delaware State court or the federal court sitting in the State of Delaware) over any and all claims, disputes, controversies or disagreements between the Parties or any of their respective Affiliates, successors and assigns under or related to
this Agreement or any of the transactions contemplated hereby, including their execution, performance or enforcement, whether in contract, tort or otherwise. Each of the Parties hereby agrees that it shall not assert, and shall hereby waive, any
claim or right or defense that it is not subject to the jurisdiction of such courts, that the venue is improper, that the forum is inconvenient or any similar objection, claim or argument. Each Party agrees that a final judgment in any legal
proceeding resolved in accordance with this Section 11.03, Section 11.04, Section 11.05 and Section 11.06 shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by applicable Law. 
 Section 11.04.    Waiver of Jury Trial. EACH
PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION RELATING TO, ARISING OUT OF OR RESULTING FROM THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, INCLUDING THEIR EXECUTION, PERFORMANCE OR ENFORCEMENT, WHETHER IN
CONTRACT, TORT OR OTHERWISE. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION,
INCLUDING CONTRACT CLAIMS, TORT CLAIMS (INCLUDING NEGLIGENCE), BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THIS SECTION HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES AND THESE PROVISIONS WILL NOT BE SUBJECT TO ANY
EXCEPTIONS. 
 Section 11.05.    Court-Ordered Interim Relief. In accordance with
Section 11.03 and Section 11.04, at any time after giving notice of a Dispute, each Party shall be entitled to interim measures of protection duly granted by a court of competent jurisdiction:
(1) to preserve the status quo pending resolution of the Dispute; (2) to prevent the destruction or loss of documents and other information or things relating to the Dispute; or (3) to prevent the transfer,
disposition or hiding of assets. Any such interim measure (or a request therefor to a court of competent jurisdiction) shall not be deemed incompatible with the provisions of Section 11.02, Section 11.03 and
Section 11.04. Until such Dispute is resolved in accordance with Section 11.02 or final judgment is rendered in accordance with Section 11.03 and
Section 11.04, each 

  
 15 

 
Party agrees that such Party shall continue to perform its obligations under this Agreement and that such obligations shall not be subject to any defense or setoff, counterclaim, recoupment or
termination. 
 Section 11.06.    Specific Performance. Subject to Section 11.02 and Section
11.05, in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the affected Party shall have the right to specific performance and injunctive or other equitable relief of
its rights under this Agreement, in addition to any and all other rights and remedies at Law or in equity, and all such rights and remedies shall be cumulative. The other Party shall not oppose the granting of such relief on the basis that money
damages are an adequate remedy. The Parties agree that the remedies at Law for any breach or threatened breach hereof, including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance
that a remedy at Law would be adequate is waived. Any requirements for the securing or posting of any bond or similar security with such remedy are waived.  

Section 11.07.    Third-Party Beneficiaries. Except as otherwise expressly set forth herein or as otherwise
may be provided in the Separation Agreement with respect to the rights of any Nuance Indemnitee or SpinCo Indemnitee, in his, her or its respective capacities as such, (a) the provisions of this Agreement are solely for the benefit of the
Parties hereto and are not intended to confer upon any Person except the Parties hereto any rights or remedies hereunder and (b) there are no third-party beneficiaries of this Agreement and this Agreement shall not provide any third person with
any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this Agreement. 

Section 11.08.    Notices. All notices or other communications under this Agreement shall be in writing and
shall be deemed to be duly given (a) when delivered in person, (b) on the date received, if sent by a nationally recognized delivery or courier service, (c) upon written confirmation of receipt after transmittal by electronic mail or
(d) upon the earlier of confirmed receipt or the fifth (5th) business day following the date of mailing if sent by registered or certified mail, return receipt requested, postage prepaid and
addressed as follows: 
 If to Nuance, to: 
 Nuance
Communications, Inc. 
 1 Wayside Road, Burlington, MA 01803 

Attn:    Wendy Cassity, EVP and Chief Legal Officer 

email:   Wendy.cassity@nuance.com 
 with a copy to:
David Garfinkel, SVP Corporate Development 

               email: David.garfinkel@nuance.com 

and 
 Paul, Weiss, Rifkind, Wharton & Garrison
LLP 
 1285 Avenue of the Americas 
 New York, NY
10019-6064 
 Attn:     Scott A. Barshay 

             Steven J. Williams 

  
 16 

     Michael E. Vogel 

email:   sbarshay@paulweiss.com 

    swilliams@paulweiss.com 

    mvogel@paulweiss.com 

Facsimile: 212-492-0040 

If to SpinCo, to: 
 Cerence Inc. 

15 Wayside Road, Burlington, MA 01803 
 Attn: Leanne
Fitzgerald, General Counsel 
 email: Leanne.Fitzgerald@cerence.com 

with a copy to: Mark Gallenberger, Chief Financial Officer 

email: Mark.Gallenberger@cerence.com 
 Either Party may, by
notice to the other Party, change the address and identity of the Person to which such notices and copies of such notices are to be given. Each Party agrees that nothing in this Agreement shall affect the other Party’s right to serve process in
any other manner permitted by Law (including pursuant to the rules for foreign service of process authorized by the Hague Convention). 

Section 11.09.    Import and Export Control. Each Party agrees that it shall comply with all applicable
national and international laws and regulations relating to import and/or export control in its country(ies), if any, involving any commodities, software, services or technology within the scope of this Agreement. 

Section 11.10.    Bankruptcy. The Parties acknowledge and agree that all rights and licenses granted by the
other under or pursuant to this Agreement are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code, as amended (the “Bankruptcy Code”), licenses of rights to
“intellectual property” as defined under Section 101 of the Bankruptcy Code. The Parties agree that, notwithstanding anything else in this Agreement, Nuance and the members of the Nuance Group and SpinCo and the members of
the SpinCo Group, as licensees of such intellectual property rights under this Agreement, shall retain and may fully exercise all of its rights and elections under the Bankruptcy Code (including Nuance’s and the Nuance Group members’ and
SpinCo’s and the SpinCo Group members’ right 

  
 17 

 
to the continued enjoyment of the rights and licenses respectively granted by under this Agreement). 

Section 11.11.    Severability. If any provision of this Agreement or the application thereof to any Person or
circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances, or in jurisdictions other than those as to which
it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance of the transactions contemplated hereby is not affected in
any manner materially adverse to either Party. Upon any such determination, any such provision, to the extent determined to be invalid, void or unenforceable, shall be deemed replaced by a provision that such court determines is valid and
enforceable and that comes closest to expressing the intention of the invalid, void or unenforceable provision. 

Section 11.12.    Expenses. Except as set forth on Schedule XXIV to the Separation Agreement, as otherwise
expressly provided in this Agreement or the Separation Agreement, (i) all third-party fees, costs and expenses incurred by either the Nuance Group or the SpinCo Group in connection with effecting the
Spin-Off prior to or on the Distribution Date, whether payable prior to, on or following the Distribution Date (but excluding, for the avoidance of doubt, any financing fees or interest payable in respect of
any indebtedness incurred by SpinCo in connection with the Spin-Off), will be borne and paid by Nuance and (ii) all third-party fees, costs and expenses incurred by either the Nuance Group or the SpinCo
Group in connection with effecting the Spin-Off following the Distribution Date, whether payable prior to, on or following the Distribution Date, will be borne and paid by the Party incurring such fee, cost or
expense. For the avoidance of doubt, this Section 11.12 shall not affect each Party’s responsibility to indemnify Nuance Liabilities or SpinCo Liabilities, as applicable, arising from the transactions contemplated by
the Distribution. 
 Section 11.13.    Headings. The article, section and paragraph headings contained in
this Agreement, including in the table of contents of this Agreement, are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

Section 11.14.    Survival of Covenants. Except as expressly set forth in this Agreement, the covenants in
this Agreement and the Liabilities for the breach of any obligations in this Agreement shall survive the Spin-Off and shall remain in full force and effect. 

Section 11.15.    Waivers of Default. No failure or delay of any Party (or the applicable member of its Group)
in exercising any right or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any
course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. Waiver by any Party of any default by the other Party of any provision of this Agreement shall not be deemed a waiver by the waiving Party
of any subsequent or other default. 
 Section 11.16.    Amendments. No provisions of this Agreement shall
be deemed waived, amended, supplemented or modified by any Party, unless such waiver, amendment, 

  
 18 

 
supplement or modification is in writing and signed by the authorized representative of each Party. 

Section 11.17.    Interpretation. Words in the singular shall be held to include the plural and vice versa and
words of one gender shall be held to include the other gender as the context requires. The terms “hereof,” “herein,” “herewith” and words of similar import, unless otherwise stated, shall be construed to refer to this
Agreement as a whole (including all of the schedules hereto) and not to any particular provision of this Agreement. Article, Section or Schedule references are to the articles, sections and schedules of or to this Agreement unless otherwise
specified. Any capitalized terms used in any Schedule to this Agreement but not otherwise defined therein shall have the meaning as defined in this Agreement. Any definition of or reference to any agreement, instrument or other document herein
(including any reference herein to this Agreement) shall, unless otherwise stated, be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any
restrictions on such amendments, supplements or modifications set forth therein, including in Section 11.16 above). The word “including” and words of similar import when used in this Agreement shall mean “including, without
limitation,” unless the context otherwise requires or unless otherwise specified. The word “or” shall not be exclusive. The word “extent” in the phrase “to the extent” shall mean the degree to which a subject or
other thing extends, and such phrase shall not mean simply “if.” All references to “$” or dollar amounts are to the lawful currency of the United States of America. In the event that an ambiguity or question of intent or
interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring either Party by virtue of the authorship of any provisions hereof. 

[SIGNATURE PAGES FOLLOW] 

  
 19 

 IN WITNESS WHEREOF, the Parties have caused this Intellectual Property Agreement to be
executed by their duly authorized representatives. 
  

			
	NUANCE COMMUNICATIONS, INC.
		
	By:	 	
                     
                    

		 	Name:
		 	Title:
	
	CERENCE INC.
		
	By:	 	
                     
                    

		 	Name:
		 	Title:

  
 [Signature page to the
Intellectual Property Agreement]

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