Exhibit 10.1


 


SUPPORT SERVICES AGREEMENT


 


This SUPPORT SERVICES AGREEMENT
(this “Agreement”) dated as of August 10, 2012 (the “Effective Date”), is entered by and
between OCWEN MORTGAGE SERVICING, INC., a United States Virgin Islands corporation (together with its parent and subsidiaries
“OCWEN”) and ALTISOURCE SOLUTIONS S.à r.l., a limited liability company organized under the laws
of the Grand Duchy of Luxembourg (together with its parent and subsidiaries “ALTISOURCE”). Each of ALTISOURCE
and OCWEN may be referred to individually as a “Party” and, collectively, as the “Parties.”


 


RECITALS


 


WHEREAS, OCWEN desires
to engage ALTISOURCE to provide various Services and/or Additional Services (as both are defined herein) to OCWEN pursuant to the
terms and conditions set forth herein, and ALTISOURCE desires to provide such Services and/or Additional Services to OCWEN; and


 


WHEREAS, ALTISOURCE desires
to engage OCWEN to provide various Services and/or Additional Services to ALTISOURCE pursuant to the terms and conditions set forth
herein, and OCWEN desires to provide such Services and/or Additional Services to ALTISOURCE.


 


NOW, THEREFORE, in consideration
of the mutual agreements, provisions and covenants contained in this Agreement, the Parties agree as follows:


 


1.          Definitions.


 


For the purposes of this Agreement, the following
terms shall have the following meanings:


 


“Action”
means any demand, action, suit, countersuit, arbitration, inquiry, proceeding, or investigation by or before any Governmental Authority
or any federal, state, local, foreign, or international arbitration or mediation tribunal.


 


“Agreement”
means this Support Services Agreement, including the Schedules hereto and any SOWs entered into pursuant to Section 2(b).


 


“ALTISOURCE-Provided
Services” means the services set forth on Schedule II and the SOWs related thereto.


 


“Fully Allocated
Cost” means, with respect to provision of a Service or an Additional Service, the all-in cost of the Providing Party’s
provision of such Service or Additional Service, including a share of direct charges of the function providing such Service or
Additional Service, and including allocable amounts to reflect compensation and benefits, technology expenses, occupancy and equipment
expense, and third-party payments incurred in connection with the provision of such Service or Additional Service, but shall not
include any taxes payable as a result of performance of such Service or Additional Service.


 





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“Governmental Authority”
shall mean any federal, state, local, foreign, or international court, government, department, commission, board, bureau, agency,
official, or other legislative, judicial, regulatory, administrative, or governmental authority.


 


“Information”
means information, whether or not patentable or copyrightable, in written, oral, electronic, or other tangible or intangible forms;
stored in any medium, including studies, reports, records, books, contracts, instruments, surveys, discoveries, ideas, concepts,
know-how, techniques, designs, specifications, drawings, blueprints, diagrams, models, prototypes, samples, flow charts, data,
computer data, disks, diskettes, tapes, algorithms, computer programs or other software; marketing plans; customer names; communications
by or to attorneys (including attorney-client privileged communications); memos and other materials prepared by attorneys or under
their direction (including attorney work product); and other technical, financial, employee, or business information or data.


 


“Intellectual Property”
means all domestic and foreign patents, copyrights, trade names, domain names, trademarks, service marks, registrations, and applications
for any of the foregoing; databases; mask works; Information; inventions (whether or not patentable or patented); processes;, know-how;
procedures; computer applications; programs and other software, including operating software, network software, firmware, middleware,
design software, design tools, systems documentation, manuals, and instructions; other proprietary information; and licenses from
third parties granting the right to use any of the foregoing.


 


“Person”
means an individual, a general or limited partnership, a corporation, a trust, a joint venture, an unincorporated organization,
a limited liability entity, any other entity, or any Governmental Authority.


 


“OCWEN-Provided
Services” means the services set forth on Schedule I and the SOWs related thereto.


 


“Providing Party”
means a party in its capacity of providing a Service or Additional Service hereunder.


 


“Receiving Party”
means a party in its capacity of receiving a Service or Additional Service hereunder.


 


“Services,”
or each individually a “Service,” means, as the context requires, the OCWEN-Provided Services and the ALTISOURCE-Provided
Services, collectively, or either of the OCWEN-Provided Services or the ALTISOURCE-Provided Services individually.


 


“SOWs,”
or each individually an “SOW,” means a statement of work entered into between the parties on an as-needed basis
to describe a particular service that is not covered specifically in a schedule hereto, but has been agreed to be provided pursuant
to the terms of this Agreement except as otherwise set forth in such SOW.


 


“Term” means, collectively,
the Initial Term and any Renewal Term hereof.


 





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2.          Provision of Services.


 


(a)        Generally.
Subject to the terms and conditions of this Agreement, (i) OCWEN shall provide, or cause to be provided, to ALTISOURCE, solely
for the benefit of ALTISOURCE in the ordinary course of business, the OCWEN-Provided Services, and (ii) ALTISOURCE shall provide,
or cause to be provided, to OCWEN, solely for the benefit of OCWEN in the ordinary course of business, the ALTISOURCE-Provided
Services, in each case commencing on the Effective Date and continuing for the Term hereof (the “Service Period”),
unless such period is earlier terminated in accordance with Section 5.


 


(b)        Additional Services.
In addition to the services provided as set forth on Schedule I and Schedule II, from time to time during the
term of this Agreement the parties shall have the right to enter into SOWs to set forth the terms of any related or additional
services to be performed hereunder (“Additional Services,” or each individually, an “Additional Service”).
Any SOW shall be agreed to by each party, shall be in writing and shall contain: (i) the identity of each of the Providing
Party and the Receiving Party; (ii) a description of the Additional Services to be performed thereunder; (iii) the applicable
performance standard for the provision of such Additional Services, if different from the Performance Standard; (iv) the amount,
schedule, and method of compensation for provision of such Additional Services, which shall reflect the Fully Allocated Cost of
such Additional Services; and may contain: (i) the Receiving Party’s standard operating procedures for receipt of services
similar to such Additional Services, including operations, compliance requirements and related training schedules; (ii) information
technology support requirements of the Receiving Party with respect to such Additional Services; and (iii) training and support
commitments with respect to such Additional Services. For the avoidance of doubt, the terms and conditions of this Agreement shall
apply to any SOW.


 


(c)        The Services and the
Additional Services shall be performed on business days during hours that constitute regular business hours for each of OCWEN and
ALTISOURCE, unless otherwise agreed. No Receiving Party shall resell, subcontract, license, sublicense, or otherwise transfer any
of the Services and/or Additional Services to any Person whatsoever or permit use of any of the Services and/or Additional Services
by any Person other than by the Receiving Party directly in connection with the conduct of the Receiving Party’s respective
business in the ordinary course of business.


 


(d)        Notwithstanding anything
to the contrary in this Section 2 (but subject to the second succeeding sentence), and unless agreed separately by the Parties,
the Providing Party shall have the exclusive right to select, employ, pay, supervise, administer, direct, and discharge any of
its employees who will perform the Services and/or Additional Services. The Providing Party shall be responsible for paying such
employees’ compensation and providing to such employees any benefits. With respect to each Service and/or Additional Service,
the Providing Party shall use commercially reasonable efforts to have qualified individuals participate in the provision of such
Service and/or Additional Service; provided, however, that (i) the Providing Party shall not be obligated to have any
individual participate in the provision of any Service and/or Additional Service if the Providing Party determines that such participation
would adversely affect the Providing Party; and (ii) the Providing Party shall not be required to continue to employ any particular
individual during the applicable Service Period.


 





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(e)        The Providing Party
may engage third-party contractors, at a reasonable cost, to perform any of the Services and/or Additional Services, to provide
professional services related to any of the Services and/or Additional Services, or to provide any secretarial, administrative,
telephone, e-mail, or other services necessary or ancillary to the Services (all of which may be contracted for separately by the
Providing Party on behalf of the Receiving Party). The Providing Party shall use reasonable commercial efforts to give notice to
the Receiving Party, reasonably in advance of the commencement of such Services and/or Additional Services to be so provided by
such contractors, of the identity of such contractors, each Service and/or Additional Service to be provided by such contractors,
and a good faith estimate of the cost (or formula for determining the cost) of the Services and/or Additional Services to be so
provided by such contractors. The Receiving Party may, in its sole discretion, decline to accept any such Services or Additional
Services to be provided by any such contractors by giving prompt written notice to the Providing Party; provided that, if
the Receiving Party so declines any Service or Additional Service from any such contractors, then thereafter, notwithstanding anything
in this Agreement to the contrary, the Providing Party shall be excused from any obligation to provide such Service or Additional
Service.


 


3.          Standards of Performance.


 


(a)        The Providing Party
shall use commercially reasonable efforts to provide, or cause to be provided, to the Receiving Party, each Service and/or Additional
Service in a manner generally consistent with the manner and level of care with which such Service and/or Additional Service is
performed by the Providing Party on its own behalf (the “Performance Standard”), unless otherwise specified
in this Agreement. Notwithstanding the foregoing, no Providing Party shall have any obligation hereunder to provide to any Receiving
Party (i) any improvements, upgrades, updates, substitutions, modifications, or enhancements to any of the Services and/or
Additional Services unless otherwise specified in Schedule I or Schedule II , as applicable, or (ii) any
Service and/or Additional Services to the extent that the need for such Service and/or Additional Services arises, directly or
indirectly, from the acquisition by the Receiving Party, outside the ordinary course of business, of any assets of, or any equity
interest in, any Person. The Receiving Party acknowledges and agrees that the Providing Party may be providing services similar
to the Services and/or Additional Services provided hereunder and/or services that involve the same resources as those used to
provide the Services and/or Additional Services to itself as well as other third parties, and, accordingly, the Providing Party
reserves the right to modify any of the Services and/or Additional Services or the manner in which any of the Services and/or Additional
Services are provided in the ordinary course of business; provided, however, that no such modification shall materially
diminish the Services and/or Additional Services or have a materially adverse effect on the business of the Receiving Party.


 


(b)        The Providing Party
will use commercially reasonable efforts not to establish priorities, as between the Providing Party, on the one hand, and the
Receiving Party, on the other hand, as to the provision of any Service and/or Additional Services, and will use commercially reasonable
efforts to provide the Services and/or Additional Services within a time frame so as not to materially disrupt the business of
the Receiving Party. Notwithstanding the foregoing, the Receiving Party acknowledges and agrees that the Providing Party shall
have the right to establish reasonable priorities as between the Providing Party, on the one hand, and the Receiving Party, on
the other hand, as to the provision of any Services and/or Additional Services if the Providing Party determines that such priorities
are necessary to avoid any adverse effect to the Providing Party. If any such priorities are established, the Providing Party shall
advise the Receiving Party as soon as possible of any Services and/or Additional Services that will be delayed as a result of such
prioritization, and will use commercially reasonable efforts to minimize the duration and impact of such delays.


 





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4.          Fees, Invoicing and Payment.


 


(a)        As compensation for
particular Services or Additional Services, the Receiving Party agrees to pay to the Providing Party the Fully Allocated Cost of
providing the Services and/or Additional Services in accordance with this Agreement or such other compensation amount or methodology
as specified in the related SOW.


 


(b)        The Providing Party
shall submit statements of account to the Receiving Party on a monthly basis with respect to all amounts payable by the Receiving
Party to the Providing Party hereunder (the “Invoiced Amount”), setting out the Services and/or Additional Services
provided, and the amount billed to the Receiving Party as a result of providing such Services and/or Additional Services (together
with, in arrears, any Commingled Invoice Statement (as defined below) and any other invoices for Services and/or Additional Services
provided by third parties, in each case setting out the Services and/or Additional Services provided by the applicable third parties).
The Receiving Party shall pay the Invoiced Amount to the Providing Party by wire transfer of immediately available funds to an
account or accounts specified by the Providing Party, or in such other manner as specified by the Providing Party in writing, or
otherwise reasonably agreed to by the Parties, within thirty (30) days of the date of delivery to the Receiving Party of the applicable
statement of account; provided, that in the event of any dispute as to an Invoiced Amount, the Receiving Party shall pay
the undisputed portion, if any, of such Invoiced Amount in accordance with the foregoing, and shall pay the remaining amount, if
any, promptly upon resolution of such dispute.


 


(c)        The Providing Party
may cause any third party to which amounts are payable by or for the account of the Receiving Party in connection with Services
and/or Additional Services to issue a separate invoice to the Receiving Party for such amounts. The Receiving Party shall pay or
cause to be paid any such separate third party invoice in accordance with the payment terms thereof. Any third party invoices that
aggregate Services and/or Additional Services for the benefit of the Receiving Party, on the one hand, with services not for the
benefit of Receiving Party, on the other hand (each, a “Commingled Invoice”) shall be separated by the Providing
Party. The Providing Party shall prepare a statement indicating that portion of the invoiced amount of such Commingled Invoice
that is attributable to Services and/or Additional Services rendered for the benefit of Receiving Party (the “Commingled
Invoice Statement”). The Providing Party shall deliver such Commingled Invoice Statement and a copy of the Commingled
Invoice to the Receiving Party. The Receiving Party shall, within thirty (30) days after the date of delivery to the Receiving
Party of such Commingled Invoice Statement, pay, or cause to be paid, the amount set forth on such Commingled Invoice Statement
to the third party, and shall deliver evidence of such payment to the Providing Party. The Providing Party shall not be required
to use its own funds for payments to any third party providing any of the Services and/or Additional Services, or to satisfy any
payment obligation of the Receiving Party to any third party provider; provided, however, that in the event the Providing Party
does use its own funds for any such payments to any third party, the Receiving Party shall reimburse the Providing Party for such
payments as invoiced by the Providing Party within thirty (30) days following the date of delivery of such invoice from the
Providing Party.


 





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(d)        The Providing Party
may, in its discretion and without any liability, suspend any performance under this Agreement upon failure of the Receiving Party
to make timely any payments required under this Agreement beyond the applicable cure date specified in Section 5(b)(8) of this
Agreement.


 


(e)        In the event the Receiving
Party does not make any payment required under the provisions of this Agreement to the Providing Party when due in accordance with
the terms hereof, the Providing Party may, at its option, charge the Receiving Party interest on the unpaid amount at the rate
of 2% per annum above the prime rate charged by JPMorgan Chase Bank, N.A. (or its successor). In addition, the Receiving Party
shall reimburse the Providing Party for all costs of collection of overdue amounts, including any reimbursement required under
Section 4(c) and any reasonable attorneys’ fees.


 


(f)        The Receiving Party
acknowledges and agrees that it shall be responsible for any interest or other amounts with respect to any portion of any Commingled
Invoice that the Receiving Party is required to pay pursuant to any Commingled Invoice Statement.


 


5.          Term; Termination.


 


(a)        Initial Term.
The initial term of this Agreement shall commence on the Effective Date and shall continue in full force and effect subject to
Section 5(c) hereof until the date that is five (5) years from the Effective Date (the “Initial Term”), or the
earlier date upon which this Agreement has been otherwise terminated in accordance with Section 5(c) hereof.


 


(b)        Renewal Term.
This Agreement will automatically renew for successive terms of one (1) year (each, a “Renewal Term”) unless
either Party decides that it does not wish to renew this Agreement or any particular Service or Additional Services set forth on
an SOW hereunder before the expiration of the Initial Term or any Renewal Term, as applicable, by notifying the other Party in
writing at least six (6) months before the completion of the Initial Term or Renewal Term, as applicable.


 


(c)        Termination.
During the term of this Agreement, this Agreement (or, with respect to items (1), (3), (4), (5), (7), and (8) below,
the particular SOW only) may be terminated:


 


(1)        by a
Receiving Party, if the Receiving Party is prohibited by law from receiving such Services and/or Additional Services from the Providing
Party;


 


(2)        by a
Receiving Party, in the event of a material breach of any covenant, representation, or warranty contained herein, or otherwise
directly relating to or affecting the Services and/or Additional Services to be provided hereunder, of the Providing Party that
cannot be or has not been cured by the 30th day from the Receiving Party’s giving written notice of such breach to the Providing
Party, and to the extent that the Providing Party is not working diligently to cure such breach;


 





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(3)        by a
Receiving Party, if the Providing Party fails to comply with all applicable regulations to which the Providing Party is subject
directly relating to or affecting the Services and/or Additional Services to be performed hereunder, which failure cannot be or
has not been cured by the 30th day from the Receiving Party’s giving written notice of such failure to the Providing Party
and to the extent that Providing Party is not working diligently to cure such breach;


 


(4)        by a
Receiving Party, if the Providing Party providing Services and/or Additional Services hereunder is cited by a Governmental Authority
for materially violating any law governing the performance of a Service and/or Additional Service, which violation cannot be or
has not been cured by the 30th day from the Receiving Party’s giving written notice of such citation to the Providing Party
and to the extent that the Providing Party is not working diligently to cure such breach;


 


(5)        by a
Receiving Party, if the Providing Party fails to meet any Performance Standard for a period of three consecutive months, which
failure cannot be or has not been cured by the 30th day from the Receiving Party’s giving written notice of such failure
to the Providing Party and to the extent that the Providing Party is not working diligently to cure such breach;


 


(6)        by either
party, if the other party: (A) becomes insolvent; (B) files a petition in bankruptcy or insolvency, is adjudicated bankrupt
or insolvent or files any petition or answer seeking reorganization, readjustment, or arrangement of its business under any law
relating to bankruptcy or insolvency, or if a receiver, trustee or liquidator is appointed for any of the property of the other
party and within sixty (60) days thereof such party fails to secure a dismissal thereof; or (C) makes any assignment
for the benefit of creditors;


 


(7)        by a
Receiving Party, in the event of any material infringement of such Receiving Party’s Intellectual Property by the Providing
Party, which infringement cannot be or has not been cured by the 30th day from the Receiving Party’s giving of written notice
of such event to the Providing Party;


 


(8)        by a
Providing Party, if the Receiving Party fails to make any payment for any portion of Services, the payment of which is not being
disputed in good faith by the Receiving Party, which payment remains unmade by the 30th day from the Providing Party’s giving
of written notice of such failure to the Receiving Party; and


 


(9)        by a
Receiving Party, upon sixty (60) days prior notice to the Providing Party, if the Receiving Party has determined to perform
the respective Service and/or Additional Services on its own behalf.


 





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(d)        Upon the early termination
of any Service and/or Additional Service pursuant to Section 5(b)(9), or upon the expiration of the applicable Service Period,
following the effective time of the termination, the Providing Party shall no longer be obligated to provide such Service; provided,
that the Receiving Party shall be obligated to reimburse the Providing Party for any reasonable out-of-pocket expenses or costs
attributable to such termination.


 


(e)        No termination, cancellation,
or expiration of this Agreement shall prejudice the right of either Party hereto to recover any payment due at the time of termination,
cancellation, or expiration (or any payment accruing as a result thereof), nor shall it prejudice any cause of action or claim
of either Party hereto accrued or to accrue by reason of any breach or default by the other Party hereto.


 


(f)        Notwithstanding any
provision herein to the contrary, Sections 4, 8, 9, and 10 through 17 of this Agreement shall survive the termination of this Agreement.


 


6.          Intellectual Property.
The Receiving Party grants to the Providing Party a limited, non-exclusive, fully paid-up, nontransferable, and revocable license,
without the right to sublicense, for the term of this Agreement to use all intellectual property owned by or, to the extent permitted
by the applicable license, licensed to the Receiving Party solely to the extent necessary for the Providing Party to perform its
obligations hereunder.


 


7.          Cooperation; Access.


 


(a)        The Receiving Party
shall permit the Providing Party and its employees and representatives access, on business days during hours that constitute regular
business hours for the Receiving Party and upon reasonable prior request, to the premises of the Receiving Party, and such data,
books, records, and personnel designated by the Receiving Party as involved in receiving or overseeing the Services and/or Additional
Services as the Providing Party may reasonably request for the purposes of providing the Services and/or Additional Services. The
Providing Party shall provide the Receiving Party, upon reasonable prior written notice, such documentation relating to the provision
of the Services and/or Additional Services as the Receiving Party may reasonably request for the purposes of confirming any Invoiced
Amount or other amount payable pursuant to any Commingled Invoice Statement or otherwise pursuant to this Agreement. Any documentation
so provided to the Providing Party pursuant to this Section will be subject to the confidentiality obligations set forth in Section
8 of this Agreement.


 


(b)        Each Party hereto
shall designate a relationship manager (each, a “Relationship Executive”) to report and discuss issues with
respect to the provision of the Services and/or Additional Services and successor relationship executives in the event that a designated
Relationship Executive is not available to perform such role hereunder. The initial Relationship Executive designated by OCWEN
shall be Ronald M. Faris and the initial Relationship Executive designated by ALTISOURCE shall be William B. Shepro. Either Party
may replace its Relationship Executive at any time by providing written notice thereof to the other Party hereto.


 





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8.          Confidentiality.


 


(a)        Subject to Section
8(c) below, each of OCWEN and ALTISOURCE, agrees to hold, and to cause its directors, officers, employees, agents, accountants,
counsel and other advisors, and representatives to hold, in strict confidence, with at least the same degree of care that applies
to confidential and proprietary Information of the Parties pursuant to policies in effect as of the Effective Date, all Information
concerning the other Party that is either in its possession (including Information in its possession prior to the Effective Date)
or furnished by the other Party or its directors, officers, employees, agents, accountants, counsel and other advisors, and representatives
at any time pursuant to this Agreement, or otherwise, 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 has been: (i) in the public domain
through no fault of such Party or any of their respective directors, officers, employees, agents, accountants, counsel and other
advisors, and representatives; (ii) later lawfully acquired from other sources by such Party, which sources are not known by such
Party to be themselves bound by a confidentiality obligation; or (iii) independently generated without reference to any proprietary
or confidential Information of the other Party.


 


(b)        Each Party agrees
not to release or disclose, or permit to be released or disclosed, any such Information (excluding Information described in clauses
(i), (ii), and (iii) of Section 8(a) above, to any other Person, except its directors, officers, employees, agents, accountants,
counsel and other advisors, and representatives who need to know such information (who shall be advised of their obligations hereunder
with respect to such information), except in compliance with Section 8(c). Without limiting the foregoing, when any Information
is no longer needed for the purposes contemplated by this Agreement, each Party will promptly, after request of the other Party,
either return the Information to the other Party in a tangible form (including all copies thereof and all notes, extracts, or summaries
based thereon), or certify to the other Party that any Information not returned in a tangible form (including any such Information
that exists in an electronic form) has been destroyed (and such copies thereof and such notes, extracts, or summaries based thereon).


 


(c)        Protective Arrangements.
In the event that either Party determines on the advice of its counsel that it is required to disclose any Information pursuant
to applicable law or receives any demand under lawful process or from any Governmental Authority to disclose or provide Information
of the other Party that is subject to the confidentiality provisions hereof, such Party shall, to the extent permitted by law,
notify the other Party as soon as is practicable prior to disclosing or providing such Information and shall cooperate, at the
expense of the requesting Party, in seeking any reasonable protective arrangements requested by such other Party. Subject to the
foregoing, the Person that received such request may thereafter disclose or provide Information to the extent required by such
law (as so advised by counsel) or by lawful process or such Governmental Authority.


 


9.          Dispute Resolution.


 


(a)        Disputes. Subject
to Section 17(g), the procedures for discussion, negotiation and mediation set forth in this Section 9 shall apply to all disputes,
controversies, or claims (whether arising in contract, tort, or otherwise) that may arise out of or relate to, or arise under or
in connection with, this Agreement.


 





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(b)        Escalation; Mediation.


 


(i)        It is
the intent of the Parties to use reasonable efforts to resolve expeditiously any dispute, controversy, or claim between or among
them with respect to the matters covered hereby that may arise from time to time on a mutually acceptable negotiated basis. In
furtherance of the foregoing, a Party involved in a dispute, controversy, or claim may deliver a notice (an “Escalation
Notice”) demanding an in-person meeting involving representatives of the Parties at a senior level of management (or
if the Parties agree, of the appropriate strategic business unit or division within such entity). A copy of any such Escalation
Notice shall be given to the General Counsel, or like officer or official, of the party involved in the dispute, controversy or
claim (which copy shall state that it is an Escalation Notice pursuant to this Agreement). Any agenda, location, or procedures
for such discussions or negotiations between the Parties may be established by the Parties from time to time; provided, however,
that the Parties shall use reasonable efforts to meet within thirty (30) days of the Escalation Notice.


 


(ii)       If the
Parties are not able to resolve the dispute, controversy, or claim through the escalation process referred to above, then the matter
shall be referred to mediation. The Parties shall retain a mediator to aid the Parties in their discussions and negotiations by
informally providing advice to the Parties. Any opinion expressed by the mediator shall be strictly advisory and shall not be binding
on the Parties or be admissible in any other proceeding. The mediator may be chosen from a list of mediators previously selected
by the Parties or by other agreement of the Parties. Costs of the mediation shall be borne equally by the Parties involved in the
matter, except that each Party shall be responsible for its own expenses. Mediation shall be a prerequisite to the commencement
of any Action by either Party against the other Party.


 


(iii)       In
the event that any resolution of any dispute, controversy or claim pursuant to the procedures set forth in Section 9(b)(i) or (ii)
in any way affects an agreement or arrangement between either of the Parties and a third party insurance carrier, the consent of
such third party insurance carrier to such resolution, to the extent such consent is required, shall be obtained before such resolution
can take effect.


 


(c)        Court Actions.


 


(i)        In the
event that either Party, after complying with the provisions set forth in Section 9(b), desires to commence an Action, such Party
may submit the dispute, controversy, or claim (or such series of related disputes, controversies, or claims) to any court of competent
jurisdiction.


 





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(ii)        Unless
otherwise agreed in writing, the Parties will continue to provide service and honor all other commitments under this Agreement
during the course of dispute resolution pursuant to the provisions of this Section 9 with respect to all matters not subject to
such dispute, controversy or claim.


 


10.         Warranties; Limitation
of Liability; Indemnity.


 


(a)         Other than the statements
expressly made by the Providing Party in this Agreement, the Providing Party makes no representation or warranty, express or implied,
with respect to the Services and/or Additional Services and, except as provided in Subsection (b) of this Section 11, the Receiving
Party hereby waives, releases, and renounces all other representations, warranties, obligations, and liabilities of the Providing
Party, and any other rights, claims, and remedies of the Receiving Party against the Providing Party, express or implied, arising
by law or otherwise, with respect to any nonconformance, error, omission, or defect in any of the Services and/or Additional Services,
including (i) any implied warranty of merchantability or fitness for a particular purpose, (ii) any implied warranty of non-infringement
or arising from course of performance, course of dealing, or usage of trade, and (iii) any obligation, liability, right, claim,
or remedy in tort, whether or not arising from the negligence of the Providing Party.


 


(b)         Neither the Providing
Party nor any of its respective officers, directors, employees, agents, attorneys-in-fact, contractors, or other representatives
shall be liable for any action taken or omitted by the Providing Party or such Person under or in connection with this Agreement,
except that the Providing Party shall be liable for direct damages or losses incurred by the Receiving Party arising out of the
gross negligence or willful misconduct of the Providing Party or any of its respective officers, directors, employees, agents,
attorneys-in-fact, contractors, or other representatives in the performance or nonperformance of the Services and/or Additional
Services.


 


(c)         In no event shall
the aggregate amount of all such damages or losses for which the Providing Party may be liable under this Agreement exceed the
aggregate total sum received by the Providing Party for the Services and/or Additional Services; provided, that no such
cap shall apply to liability for damages or losses arising from or relating to breaches of Section 8 (relating to confidentiality),
infringement of Intellectual Property, or fraud or criminal acts. Except as provided in Subsection (b) of this Section 10, neither
the Providing Party nor any of its respective officers, directors, employees, agents, attorneys-in-fact, contractors, or other
representatives shall be liable for any action taken or omitted by, or the negligence, gross negligence, or willful misconduct
of, any third party.


 


(d)         Notwithstanding anything
to the contrary herein, neither the Providing Party nor any of its respective officers, directors, employees, agents, attorneys-in-fact,
contractors, or other representatives shall be liable for damages or losses incurred by the Receiving Party for any action taken
or omitted by the Providing Party or such other Person under or in connection with this Agreement to the extent such action or
omission arises from actions taken or omitted by, or the negligence, gross negligence, or willful misconduct of, the Receiving
Party.


 





		 	Page 11 of 18


 






    	 



    	 



    
 


(e)         No Party hereto or
any of its respective officers, directors, employees, agents, attorneys-in-fact, contractors, or other representatives shall in
any event have any obligation or liability to the other Party hereto or any such other Person whether arising in contract (including
warranty), tort (including active, passive, or imputed negligence), or otherwise for consequential, incidental, indirect, special,
or punitive damages, whether foreseeable or not, arising out of the performance of the Services and/or Additional Services or this
Agreement, including any loss of revenue or profits, even if a Party hereto has been notified about the possibility of such damages;
provided, however, that the provisions of this Subsection (e) shall not limit the indemnification obligations hereunder
of either Party hereto with respect to any liability that the other Party hereto may have to any third party not affiliated with
the Providing Party or the Receiving Party for any incidental, consequential, indirect, special, or punitive damages.


 


(f)         The Receiving Party
shall indemnify and hold the Providing Party and any of its respective officers, directors, employees, agents, attorneys-in-fact,
contractors, or other representatives harmless from and against any and all damages, claims, or losses that the Providing Party
or any such other Person may at any time suffer or incur, or become subject to, as a result of, or in connection with, this Agreement
or the Services and/or Additional Services provided hereunder; except those damages, claims, or losses incurred by the Providing
Party or such other Person arising out of the gross negligence or willful misconduct by the Providing Party or such other Person.


 


(g)         Neither Party hereto
may bring an action against the other under this Agreement (whether for breach of contract, negligence, or otherwise) more than
six (6) months after that Party becomes aware of the cause of action, claim, or event giving rise to the cause of action or claim
or one year after the termination of this Agreement, whichever is shorter.


 


11.         Taxes. Each
Party hereto shall be responsible for the cost of any sales, use, privilege, and other transfer or similar taxes imposed upon that
Party as a result of the Services and/or Additional Services contemplated hereby. Any amounts payable under this Agreement are
exclusive of any goods and services taxes, value added taxes, sales taxes, or similar taxes (“Sales Taxes”)
now or hereinafter imposed on the performance or delivery of Services and/or Additional Services, and an amount equal to such taxes
so chargeable shall, subject to receipt of a valid receipt or invoice as required below in this Section 11, be paid by the Receiving
Party to the Providing Party in addition to the amounts otherwise payable under this Agreement. In each case where an amount in
respect of Sales Tax is payable by the Receiving Party in respect of a Service and/or Additional Service provided by the Providing
Party, the Providing Party shall furnish in a timely manner a valid Sales Tax receipt or invoice to the Receiving Party in the
form and manner required by applicable law to allow the Receiving Party to recover such tax to the extent allowable under such
law. Additionally, if the Providing Party is required to pay ‘gross-up’ on withholding taxes with respect to provision
of the Services and/or Additional Services, such taxes shall be billed separately as provided above and shall be owing and payable
by the Receiving Party. Any applicable property taxes resulting from provision of the Services and/or Additional Services shall
be payable by the Party owing or leasing the asset subject to such tax.


 





		 	Page 12 of 18


 






    	 



    	 



    
 


12.         Public Announcements.
No Party to this Agreement shall make, or cause to be made, any press release or public announcement or otherwise communicate with
any news media in respect of this Agreement or the transactions contemplated by this Agreement without the prior written consent
of the other Party hereto unless otherwise required by law, in which case the Party making the press release, public announcement,
or communication shall give the other Party reasonable opportunity to review and comment on such and the Parties shall cooperate
as to the timing and contents of any such press release, public announcement, or communication.


 


13.         Assignment.
This Agreement shall inure to the benefit of, and be binding upon, the Parties hereto and their respective successors and permitted
assigns. No Party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder without the
prior written approval of the other Party hereto; provided, however, that either Party may assign this Agreement without
the consent of the other Party to any third party that acquires, by any means, including by merger or consolidation, all or substantially
all the stock or consolidated assets of such Party. Any purported assignment in violation of this Section 13 shall be void and
shall constitute a material breach of this Agreement.


 


14.         Relationship of
the Parties. The Parties hereto are independent contractors and none of the Parties hereto is an employee, partner, or joint
venturer of the other. Under no circumstances shall any of the employees of a Party hereto be deemed to be employees of the other
Party hereto for any purpose. Except as expressly provided in Section 4(c), none of the Parties hereto shall have the right to
bind the others to any agreement with a third party or to represent itself as a partner or joint venturer of the other by reason
of this Agreement.


 


15.         Force Majeure.
Neither Party hereto shall be in default of this Agreement by reason of its delay in the performance of, or failure to perform,
any of its obligations hereunder if such delay or failure is caused by strikes, acts of God, acts of the public enemy, acts of
terrorism, riots, or other events that arise from circumstances beyond the reasonable control of that Party. During the pendency
of such intervening event, each of the Parties hereto shall take all reasonable steps to fulfill its obligations hereunder by other
means and, in any event, shall upon termination of such intervening event, promptly resume its obligations under this Agreement.


 


16.         Waiver of Jury
Trial. EACH PARTY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVES (TO THE EXTENT PERMITTED BY APPLICABLE LAW) ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY OF ANY DISPUTE ARISING UNDER OR RELATING TO THIS AGREEMENT, AND AGREES THAT ANY SUCH DISPUTE SHALL
BE TRIED BEFORE A JUDGE SITTING WITHOUT A JURY.


 


17.         Miscellaneous.


 


(a)         Counterparts; Entire
Agreement; Corporate Power. 


 


(1)           This
Agreement may be executed in one or more counterparts, including by facsimile or by e-mail delivery of a “.pdf” format
data file, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts
have been signed by each Party hereto or thereto and delivered to the other Party hereto or thereto.


 





		 	Page 13 of 18


 






    	 



    	 



    
 


(2)           This
Agreement, any SOWs, and the exhibits, schedules, and appendices hereto and thereto contain the entire agreement between the Parties
with respect to the subject matter hereof, 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.


 


(3)           Each
Party hereto represents, as follows:


 


(i)         It 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


 


(ii)        This
Agreement has been duly executed and delivered by it and constitutes a valid and binding agreement enforceable in accordance with
the terms hereof.


 


(b)         Third Party Beneficiaries.
Except for the indemnification rights under this Agreement of any OCWEN indemnitee or ALTISOURCE indemnitee in their respective
capacities as such, (a) the provisions of this Agreement are solely for the benefit of the Parties hereto or thereto and are not
intended to confer upon any Person, except the Parties hereto or thereto 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.


 


(c)         Notices. All
notices and other communications hereunder shall be in writing and shall be deemed given: (a) upon receipt if delivered personally
or if mailed by registered or certified mail, return receipt requested and postage prepaid; or (b) at noon on the business day
after dispatch if sent by a nationally recognized overnight courier; and (c) when (a) or (b) has occurred and a copy is sent and
received by e-mail to: ContractManagement@ocwen.com or ContractManagement@altisource.com, as applicable. All notices shall be delivered
to the following address and e-mail address (or at such other address a Party may specify by like notice):


 


If to OCWEN, to:


 


Ocwen Mortgage Servicing, Inc.


402 Strand St.


Frederiksted, VI 00840-3531  


Attention: Corporate Secretary


With a cc to: ContractManagement@ocwen.com


 





		 	Page 14 of 18


 






    	 



    	 



    
 


If to ALTISOURCE to:


 


Altisource Solutions S.à
r.l.


291, route d’Arlon


L-1150 Luxembourg


Luxembourg


Attention: Corporate Secretary


With a cc to: ContractManagement@altisource.com


 


(d)         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 thereof, 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 or thereby, as the case may be, is not affected in any manner materially adverse to either
Party. Upon any such determination, the Parties shall negotiate in good faith in an effort to agree upon a suitable and equitable
provision to effect the original intent of the Parties.


 


(e)         Headings. The
article, section, and paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any
way the meaning or interpretation of this Agreement.


 


(f)         Waivers of Default.
Waiver by any Party hereto of any default of any provision of this Agreement shall not be deemed a waiver by the waiving Party
of any subsequent or other default.


 


(g)         Specific Performance.
Notwithstanding the procedures set forth in Section 9, in the event of any actual or threatened default or breach of any of the
terms, conditions, and provisions of this Agreement, the Party or Parties who are to be hereby or thereby aggrieved 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 or
Parties shall not oppose the granting of such relief. The Parties to this Agreement agree that the remedies at law for any breach
or threatened breach hereof or thereof, 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 with such remedy are waived.


 


(h)         Amendments.
No provisions of this Agreement shall be deemed waived, amended, supplemented, or modified by any Party hereto or thereto,
unless such waiver, amendment, supplement, or modification is in writing and signed by the authorized representative of the Party
against whom it is sought to enforce such waiver, amendment, supplement, or modification.


 





		 	Page 15 of 18


 






    	 



    	 



    
  


(i)         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
genders as the context requires. The terms “hereof,” “herein, and “herewith,” and words of similar
import, unless otherwise stated, shall be construed to refer to this Agreement (including all of the schedules, exhibits, and appendices
hereto) and not to any particular provision of this Agreement. Article, Section, Exhibit, Schedule, and Appendix references are
to the articles, sections, exhibits, schedules, and appendices of or to this Agreement, unless otherwise specified. Any reference
herein to this Agreement, unless otherwise stated, shall be construed to refer to this Agreement as amended, supplemented, or otherwise
modified from time to time. 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. There shall be no presumption of interpreting this Agreement or any provision hereof against the draftsperson
of this Agreement or any such provision.


 


(Signature Page to Follow)


 


* * * * *


 





		 	Page 16 of 18


  






    	 



    	 



    
 


IN WITNESS WHEREOF, the
Parties have caused this Support Services Agreement to be executed as of the date first written above by their duly authorized
representatives.


 





	 	OCWEN MORTGAGE SERVICING, INC.	 
	 	 	 	 
		By 	          /s/ Paul A. Koches 
	 		Name:  	Paul A. Koches	 
	 		Title:  	Executive Vice President,	 
	 	 	   	General Counsel and Secretary	 
	 	 	 	 	 
	 	ALTISOURCE SOLUTIONS S. À R.L.	 
	 	 	 	 	 
		By 	          /s/ Kevin J. Wilcox  
	 		Name: 	Kevin J. Wilcox	 
	 		Title: 	Manager	 




 





		 	Page 17 of 18


 






    	 



    	 



    
 




SCHEDULE I


 


OCWEN-PROVIDED SERVICES


  


	Services Provided	Service Period	Service Fee
	
        FINANCE AND ACCOUNTING

         

        Services Provided:

         

        •Corporate Accounting

         

        •Accounts Payables

         

        •Accounts Receivables

         

        •Corporate Secretary
        Support

         

        •Financial Reporting

         

        •Payroll Services

         

        •Tax

         

        •Treasury


 
	the Term	Fully Allocated Cost
	
        HUMAN RESOURCES

         

        Services Provided:

         

        •Benefits Administration

         

        •Employee and Contractor
        On-boarding

         

        •Employee Engagement

         

        •HR Administration

         

        •HR Strategy and Consulting

         

        •HRIS Administration
        and Reporting

         

        •Performance Management
        Platforms

         

        •Personnel Files

         

        •Recruiting

         

        •Salary Administration

         

        •Training and Compliance
        Support

          
	the Term	Fully Allocated Cost



 



    	 



    	 



    
 


 


	Services Provided	Service Period	Service Fee
	
        LAW

         

        Services Provided:

         

        •Contract Review Services

         

        •Corporate Governance
        Services

         

        •Intellectual Property
        Maintenance Services

         

        •Litigation Management

         

        •Regulatory Compliance
        Services


 
	the Term	Fully Allocated Cost
	
        RISK MANAGEMENT

         

        Services Provided:

         

        •Internal Audit

         

        •SOX Compliance and SAS
        70

         

        •Business continuity
        and SAS 70

         

        •Six Sigma


 
	the Term	Fully Allocated Cost
	
        OTHER OPERATIONS SUPPORT

         

        Services Provided:

         

        •Capital Markets

         

        •Modeling

         

        •Quantitative Analytics

         

        •General Business Consulting


 
	the Term	Fully Allocated Cost



 


 



    	 



    	 



    



 


SCHEDULE II


 


ALTISOURCE-PROVIDED SERVICES


  


	Services Provided	Service Period	Service Fee
	
        CONSUMER PSYCHOLOGY

         

        Services Provided:

         

        •Scripting Support

         

        •Staffing Models

         

        •Training Development

         

        •User and Task Analysis


 
	the Term	Fully Allocated Cost
	
        CORPORATE SERVICES

         

        Services Provided:

         

        •Facilities Management

         

        •Mailroom Support

         

        •Physical Security

         

        •Travel Services


 
	the Term	Fully Allocated Cost
	
        FINANCE AND ACCOUNTING

         

        Services Provided:

         

        •Accounting Services
        and Reporting

         

        •Accounts Payables

         

        •Accounts Receivables

         

        •Corporate Secretary
        Support

         

        •Financial Reporting

         

        •Payroll Services

         

        •Tax

         

        •Treasury

          
	the Term	Fully Allocated Cost



 






    	 



    	 



    
 


 


	Services Provided	Service Period	Service Fee
	
        HUMAN RESOURCES

         

        Services Provided:

         

        •Benefits Administration

         

        •Employee and Contractor
        On-boarding

         

        •Employee Engagement

         

        •HR Administration

         

        •HR Strategy and Consulting

         

        •HRIS Administration
        and Reporting

         

        •Performance Management
        Platforms

         

        •Personnel Files

         

        •Recruiting

         

        •Salary Administration

         

        •Training and Compliance
        Support

          
	the Term	Fully Allocated Cost
	
        RISK MANAGEMENT

         

        Services Provided:

         

        •Internal Audit

         

        •SOX Compliance and SAS
        70

         

        •Business continuity
        and SAS 70

         

        •Six Sigma


 
	the Term	Fully Allocated Cost
	
        OTHER OPERATIONS SUPPORT

         

        Services Provided:

         

        •Capital Markets

         

        •Modeling

         

        •Quantitative Analytics

         

        •General Business Consulting


 
	the Term	Fully Allocated Cost