Document:

EX-10.1

 Exhibit 10.1 

STOCK PURCHASE AGREEMENT 

Stock Purchase Agreement dated as of March 9, 2016 (this “Agreement”), by and among Nuance Communications, Inc.
(“NUAN”), and each of the entities listed on Schedule A hereto (collectively, the “Icahn Group”, and individually a “member” of the Icahn Group). The parties hereby agree as follows: 

 

	1.	Simultaneously with the execution and delivery of this Agreement, NUAN irrevocably purchases from the Icahn Group and the Icahn Group irrevocably sells to NUAN (subject to receipt of the payment provided herein)
26,315,790 shares of common stock, $0.001 par value (such shares being sold hereunder, the “Shares”), of NUAN free and clear of all Encumbrances at $19.00 per Share for aggregate consideration of $500,000,010.00, comprised of: (x)
$375,000,008 in cash; and (y) a $125,000,002 promissory note in the form attached hereto as Schedule C (the “Note”). Such Shares shall be allocated among the individual Icahn Group sellers in accordance with Schedule A. NUAN and the Icahn
Group shall use reasonable best efforts to cause such transaction to settle no later than March 15, 2016, and in no event shall the transaction settle after March 22, 2016 (the “Settlement Date”). The Icahn Group shall
deliver such Shares as directed by NUAN (via DTC book entry transfer) immediately following confirmation of receipt of a wire transfer, to the account(s) set forth on Schedule B hereto, of the aggregate cash portion of the purchase price set forth
above. The cash and Note consideration will be delivered at settlement. 

  

	2.	Each party shall execute such other documents and take such other actions as are reasonably requested by another party hereto to carry out the provisions hereof and the transactions contemplated hereby. Each party
acknowledges that the other parties are obligated to disclose and file a copy of this Agreement pursuant to U.S. securities laws and agrees that nothing in this Agreement shall restrict the parties’ ability to make such disclosures or filings.
All fees and expenses incurred by each party hereto in connection with the matters contemplated by this Agreement shall be borne by the party incurring such fee or expense. Each member of the Icahn Group shall provide to NUAN an appropriate and
complete Internal Revenue Service Form W-9 or W-8 prior to the Settlement Date. 

  

	3.	Each party is a sophisticated investor and has conducted its own investigation with respect to the Shares, acknowledges that the other parties may be in possession of material, nonpublic information regarding NUAN and
agrees that no other party shall have any obligation to disclose such information to such party. 

  

	4.	Representations and Warranties of the Icahn Group. Each member of the Icahn Group, jointly and severally, hereby represents and warrants to NUAN that: 

 

	 	(a)	Each member of the Icahn Group has the full right, power and authority to enter into and perform its respective obligations under this Agreement. All action on the part of each member of the Icahn Group necessary for
the execution of this Agreement and the performance of each member of the Icahn Group’s obligations hereunder has been taken or will be taken prior to the Settlement Date. This Agreement constitutes the valid and binding obligation of each
member of the Icahn Group, enforceable against each member of the Icahn Group in accordance with its terms. 

	 	(b)	Each member of the Icahn Group has good, valid and marketable title to all of the Shares listed opposite its name on Schedule A, free and clear of any and all Encumbrances. The Icahn Group has the sole right to dispose
or direct the disposition of the Shares. “Encumbrance” shall mean any security interest, claim, pledge, lien, charge, voting agreement, proxy, mortgage, conditional sale agreement, title retention agreement, option, adverse claim of
ownership or use, any restriction on ownership, use, voting or transfer, or any other encumbrance of any kind, character or description whatsoever. 

  

	 	(c)	No member of the Icahn Group is, as of the date hereof, and will not become, a party to any agreement, arrangement or understanding which could result in NUAN having any obligation or liability for any brokerage fees,
commissions, underwriting discounts or other similar fees or expenses relating to the transactions contemplated by this Agreement. No payment made by NUAN to the Icahn Group pursuant to this Agreement shall be subject to income tax withholding under
the U.S. federal income tax laws. 

  

	 	(d)	No member of the Icahn Group has voted, agreed to vote or granted any proxy or entered into any other arrangement with respect to the Shares. 

 

	5.	Representations and Warranties of NUAN. NUAN hereby represents and warrants to the Icahn Group as follows: 

  

	 	(a)	NUAN has the full right, power and authority to enter into and perform its obligations under this Agreement. All action on the part of NUAN necessary for the execution of this Agreement and the performance of its
obligations hereunder has been taken or will be taken prior to the Settlement Date. This Agreement constitutes the valid and binding obligation of NUAN, enforceable against NUAN in accordance with its terms. 

 

	 	(b)	NUAN is not as of the date hereof, and will not become, a party to any agreement, arrangement or understanding which could result in the Icahn Group having any obligation or liability for any brokerage fees,
commissions, underwriting discounts or other similar fees or expenses relating to the transactions contemplated by this Agreement. 

  
 2 

	6.	No member of the Icahn Group shall vote or grant any proxy or enter into any other arrangement with respect to, the Shares after the date hereof. 

 

	7.	David Schechter and Brett Icahn shall, and hereby do, resign as directors of NUAN, effective as of the date hereof, and Sections 2 and 3 of the Nomination and Standstill Agreement among the parties dated as of October
7, 2013 (the “Nomination Agreement”) shall, effective as of the date hereof, terminate and have no further force or effect. Notwithstanding such resignations and the terminations of Section 2 and 3, the parties agree that Section 4.1 and
the other provisions of the Nomination Agreement shall continue in effect until March 9, 2017, at which time the Nomination Agreement shall terminate and have no further force or effect. 

 

	8.	Each party agrees that any press release or SEC filings to be made in connection with the transactions contemplated by this Agreement shall be subject to the review and approval of the other parties hereto, such
approval not to be unreasonably withheld, conditioned or delayed. 

  

	9.	The parties hereto shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement exclusively in the federal or state
courts of the State of Delaware, in addition to any other remedy to which they are entitled at law or in equity. Furthermore, each of the parties hereto (a) consents to submit itself to the personal jurisdiction of the federal or state courts of the
State of Delaware in the event any dispute arises out of this Agreement or the transaction contemplated by this Agreement, (b) agrees that it shall not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from
any such court, (c) agrees that it shall not bring any action relating to this Agreement or the transactions contemplated by this Agreement in any court other than the federal or state courts of the State of Delaware, and each or the parties
irrevocably waives the right to trial by jury, (d) agrees to waive any bonding requirement under any applicable law, in the case any other party seeks to enforce the terms by way of equitable relief, and (e) irrevocably consents to service of
process by a reputable overnight mail delivery service, signature requested, to the address of such parties’ principal place of business or as otherwise provided by applicable law. This Agreement shall be governed in all respects, including
without limitation validity, interpretation and effect, by the laws of the State of Delaware applicable to contracts executed and to be performed wholly within such state without giving effect to the choice of law principles of such state.

 [Signature Pages Follow] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the
day and year first written above. 
  

					
	NUANCE COMMUNICATIONS, INC.
		
	By:	 	 /s/ Daniel Tempesta

		 	Name:	 	Daniel Tempesta
		 	Title:	 	Chief Financial Officer

 [SIGNATURE PAGE TO NUAN STOCK
PURCHASE AGREEMENT] 

 
							
	ICAHN PARTNERS MASTER FUND LP
	ICAHN PARTNERS LP
			
		 	By:	 	 /s/ Keith Cozza

		 		 	Name:	 	Keith Cozza
		 		 	Title:	 	Chief Operating Officer
	
	HIGH RIVER LIMITED PARTNERSHIP
			
		 	By:	 	Hopper Investments LLC, general partner
		 	By:	 	Barberry Corp., its sole member
			
		 	By:	 	 /s/ Keith Cozza

		 		 	Name:	 	Keith Cozza
		 		 	Title:	 	Secretary; Treasurer

 Acknowledged and agreed as to Section 7: 
  

	
	 /s/ David Schechter

	DAVID SCHECHTER
	
	 /s/ Brett Icahn

	BRETT ICAHN

  

			
	 HIGH RIVER LIMITED PARTNERSHIP
  

By: Hopper Investments LLC, general partner
 By: Barberry Corp.,
its sole member
  

	By:	 	 /s/ Keith Cozza

		 	Name: Keith Cozza
		 	Title:   Secretary; Treasurer

  
 [SIGNATURE
PAGE TO NUAN STOCK PURCHASE AGREEMENT] 

					
	HOPPER INVESTMENTS LLC
		
	By:	 	Barberry Corp., its sole member
		
	By:	 	 /s/ Keith Cozza

		 	Name:	 	Keith Cozza
		 	Title:	 	Secretary; Treasurer
	
	BARBERRY CORP.
		
	By:	 	 /s/ Keith Cozza

		 	Name:	 	Keith Cozza
		 	Title:	 	Secretary; Treasurer
	
	ICAHN PARTNERS LP
		
	By:	 	 /s/ Keith Cozza

		 	Name:	 	Keith Cozza
		 	Title:	 	Chief Operating Officer
	
	ICAHN PARTNERS MASTER FUND LP
		
	By:	 	 /s/ Keith Cozza

		 	Name:	 	Keith Cozza
		 	Title:	 	Chief Operating Officer
	
	ICAHN ENTERPRISES G.P. INC.
		
	By:	 	 /s/ Keith Cozza

		 	Name:	 	Keith Cozza
		 	Title:	 	Chief Executive Officer
	
	ICAHN ENTERPRISES HOLDINGS L.P.
	By: Icahn Enterprises G.P. Inc., its general partner
		
	By:	 	 /s/ Keith Cozza

		 	Name:	 	Keith Cozza
		 	Title:	 	Chief Executive Officer
	
	IPH GP LLC
		
	By:	 	 /s/ Keith Cozza

		 	Name:	 	Keith Cozza
		 	Title:	 	Chief Operating Officer

  
 [SIGNATURE
PAGE TO NUAN STOCK PURCHASE AGREEMENT] 

					
	ICAHN CAPITAL LP
		
	By:	 	 /s/ Keith Cozza

		 	Name:	 	Keith Cozza
		 	Title:	 	Chief Operating Officer
	
	ICAHN ONSHORE LP
		
	By:	 	 /s/ Keith Cozza

		 	Name:	 	Keith Cozza
		 	Title:	 	Chief Operating Officer
	
	ICAHN OFFSHORE LP
		
	By:	 	 /s/ Keith Cozza

		 	Name:	 	Keith Cozza
		 	Title:	 	Chief Operating Officer
	
	BECKTON CORP
		
	By:	 	 /s/ Keith Cozza

		 	Name:	 	Keith Cozza
		 	Title:	 	Secretary

  
 [SIGNATURE
PAGE TO NUAN STOCK PURCHASE AGREEMENT] 

 SCHEDULE A 
  

					
	 Icahn Group Member
	  	Shares	 
	 Icahn Partners LP
	  	 	12,743,517	  
	 Icahn Partners Master Fund LP
	  	 	8,309,115	  
	 High River Limited Partnership
	  	 	5,263,158	  

 SCHEDULE B 

5,263,158 Shares ($100,000,002, less applicable portion attributable to the Note) 

Bank of America 
 Account Name: High River Limited Partnership

 12,743,517 Shares ($242,126,823, less applicable portion attributable to the Note) 

Bank of America 
 Account Name: Icahn Partners LP 

8,309,115 Shares ($157,873,185, less applicable portion attributable to the Note) 

Bank of America 
 Account Name: Icahn Partners Master Fund LP 

 SCHEDULE C 

Form of Note 
  

			
	$125,000,002	  	Burlington, MA            
		  	  

            ,
2016            

 Nuance Communications, Inc., a Delaware corporation (“Maker”) hereby promises to pay to the
order of Icahn Capital LP (as agent for Icahn Partners LP, Icahn Partners Master Fund LP and High River Limited Partnership) (“Icahn”), its successors and assigns, in lawful money of the United States of America, the lesser of ONE
HUNDRED TWENTY-FIVE MILLION TWO DOLLARS ($125,000,002.00) or the principal balance outstanding under this Promissory Note, together with accrued and unpaid interest thereon, at the rate or rates set forth below on
            , 2016 (the “Maturity Date”). 
 The unpaid
principal amount of this Promissory Note shall bear interest at a rate per annum equal to 2.63515% from and after the date hereof through the Maturity Date, calculated on the basis of a 365 day year and the actual number of days elapsed. If any
interest is determined to be in excess of the then legal maximum rate, then that portion of each interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the
principal of the obligations evidenced by this Promissory Note. If the date fixed for payment of this Promissory Note is a day that is not a business day, then such payment shall be made on the next succeeding business day with the same force
and effect as though made on the date fixed for such payment, and interest shall not accrue for the period after the date originally fixed for payment. 

This Promissory Note may be prepaid in whole or in part at any time, without premium or penalty, upon one (1) business days’ notice to
Icahn and interest shall cease to accrue on any amounts repaid on the date of such repayment. 
 Maker hereby waives presentment, demand,
notice of dishonor, protest, notice of protest and all other demands, protests and notices in connection with the execution, delivery, performance, collection and enforcement of this Promissory Note. 

This Promissory Note is being delivered in, is intended to be performed in, shall be construed and interpreted in accordance with, and be
governed by the internal laws of, the State of New York, without regard to principles of conflict of laws. 
 This Promissory Note may only
be amended, modified or terminated by an agreement in writing signed by the party to be charged. 
 (signature page follows) 

 
					
	NUANCE COMMUNICATIONS, INC.
			
		 	By:	 	  

			
		 	Name:	 	  

			
		 	Title:Exhibit 10.1

 

TICC Management, LLC

8 Sound Shore Drive, Suite 255

Greenwich, CT 06830

 

March 9, 2016

 

Steven P. Novak

Chairman of the Board of Directors

Chairman of the Special Committee of the Board of Directors

TICC Capital Corp.

8 Sound Shore Drive, Suite 255

Greenwich, CT 06830

 

		Re:	Fees Payable under Investment Advisory Agreement

 

Dear Mr. Novak:

 

Reference is hereby
made to the Investment Advisory Agreement (the “Advisory Agreement”), dated July 1, 2011, by and between
TICC Capital Corp. (the “Corporation”) and TICC Management, LLC (the “Adviser”).
Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Advisory Agreement.

 

Beginning with the
quarter commencing on April 1, 2016 (the “Effective Date”) and until such time as the Advisory Agreement
is otherwise modified or amended, the Adviser hereby agrees to calculate the Base Management Fee and the Incentive Fee based on
pre-Incentive Fee net investment income as indicated below (respectively referred to herein as the “Amended Management
Fee” and the “Amended Income Incentive Fee”), and to permanently waive such portion of
the Base Management Fee and the Incentive Fee based on pre-Incentive Fee net investment income that is in excess of the Amended
Management Fee and the Amended Income Incentive Fee, respectively, that the Adviser would otherwise be entitled to receive under
the Advisory Agreement prior to the Effective Date.

 

The
Amended Management Fee and the Amended Income Incentive Fee shall be calculated as follows:

 

Amended Management Fee

 

The Amended Management
Fee shall be calculated at an annual rate of 1.50%. The Amended Management Fee shall be payable quarterly in arrears, and shall
be calculated based on the average value of the Corporation’s gross assets at the end of the two most recently completed
calendar quarters, and adjusted pro rata for any share issuances, debt issuances, repurchases or redemptions during the
current calendar quarter; provided, however, that no Amended Management Fee shall be payable on the cash proceeds
received by the Corporation in connection with any share or debt issuances until such proceeds have been invested in accordance
with the Corporation’s investment objectives. The Amended Management Fee for any partial month or quarter shall be pro-rated.

 

    	 	1	 

     

    

  

Amended Income Incentive Fee

 

The Amended Income
Incentive Fee shall be determined and paid quarterly in arrears based on the amount by which (x) the “Pre-Incentive
Fee Net Investment Income” (as defined below) for the calendar quarter beginning with the calendar quarter that commences
on or after April 1, 2016 exceeds (y) the “Preferred Return Amount” (as defined below) for the calendar quarter.

 

For this purpose, “Pre-Incentive
Fee Net Investment Income” means interest income, dividend income and any other income (including, without limitation,
any accrued income that the Corporation has not yet received in cash and any other fees such as commitment, origination, structuring,
diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar
quarter, minus the Corporation’s operating expenses accrued during the calendar quarter (including, without limitation, the
Amended Management Fee, administration expenses and any interest expense and dividends paid on any issued and outstanding preferred
stock, but excluding the Amended Income Incentive Fee and the Capital Gains Fee). For the avoidance of doubt, Pre-Incentive Fee
Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or
depreciation.

 

The “Preferred
Return Amount” shall be determined on a quarterly basis, and shall be calculated by multiplying 1.75% by the Corporation’s
net asset value at the end of the immediately preceding calendar quarter. The Preferred Return Amount shall be calculated after
making appropriate adjustments to the Corporation’s net asset value at the end of the immediately preceding calendar quarter
for any share issuances, debt issuances, repurchases or redemptions during the calendar quarter.

 

The calculation of
the Amended Income Incentive Fee for each quarter shall be as follows:

 

(A)         No
Amended Income Incentive Fee shall be payable to the Adviser in any calendar quarter in which the Corporation’s Pre-Incentive
Fee Net Investment Income does not exceed the Preferred Return Amount;

 

(B)         100%
of the Corporation’s Pre-Incentive Fee Net Investment Income for such quarter, if any, that exceeds the Preferred Return
Amount but is less than or equal to an amount (the “Catch-Up Amount”) determined on a quarterly basis
by multiplying 2.1875% by the Corporation’s net asset value at the end of such calendar quarter. The Catch-Up Amount is intended
to provide the Adviser with an incentive fee of 20% on all of the Corporation’s Pre-Incentive Fee Net Investment Income when
the Corporation’s Pre-Incentive Fee Net Investment Income reaches 2.1875% per quarter (8.75% annualized) for such quarter;
and

 

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(C)         For
any quarter in which the Corporation’s Pre-Incentive Fee Net Investment Income exceeds the Catch-Up Amount, the Amended Income
Incentive Fee shall equal 20% of the amount of the Corporation’s Pre-Incentive Fee Net Investment Income for such quarter;

 

provided that, no Amended Income
Incentive Fee shall be payable except to the extent 20% of the “cumulative net increase in net assets resulting from operations”
during the calendar quarter for which such fees are being calculated and the eleven (11) preceding quarters (or the appropriate
portion thereof in the case of any of the Corporation’s first eleven calendar quarters that commence on or after April 1,
2016) exceeds the cumulative Amended Income Incentive Fees accrued and/or paid pursuant hereto for such eleven (11) preceding quarters
(or the appropriate portion thereof in the case of any of the Corporation’s first eleven calendar quarters that commences
on or after April 1, 2016). For the foregoing purpose, the “cumulative net increase in net assets resulting from operations”
is the amount, if positive, of the sum of Pre-Incentive Fee Net Investment Income, realized gains and losses and unrealized appreciation
and depreciation of the Corporation for the calendar quarter for which such fees are being calculated and the eleven (11) preceding
calendar quarters (or the appropriate portion thereof in the case of any of the Corporation’s first eleven calendar quarters
that commence on or after April 1, 2016).

 

Aggregate Fee Limitation 

 

The Adviser will continuously
calculate the aggregate fees payable to it by the Corporation under the revised fee structure described herein (the “New
Fee Structure”) and the fee structure described in the Advisory Agreement (the “Prior Fee Structure”),
and if, at any time after the Effective Date, the aggregate fees under the New Fee Structure for any quarter would be greater than
the aggregate fees under the Prior Fee Structure for such quarter, the Corporation shall only be required to pay the Adviser the
lower of these two amounts.

 

Sincerely yours,

 

	 	TICC Management, LLC	 
	 	 	 	 
	 	By:	/s/ Jonathan H. Cohen	 
	 	 	Name: Jonathan H. Cohen	 
	 	 	Title:  Chief Executive Officer	 

 

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