Document:

Exhibit 10.63

 

OMNIBUS AMENDMENT NO. 4

 

THIS OMNIBUS AMENDMENT NO. 4, dated
as of June 30, 2016, (this “Amendment”), is entered into by and among the Transaction Parties (defined below)
and relates to the following transaction documents (the “Transaction Documents”): (1) the Purchase and Contribution
Agreement, dated as of December 22, 2010, by and between Bluegreen/Big Cedar Vacations, LLC (“BBCV”) and BBCV
Receivables-Q 2010 LLC (the “Seller”), as amended by that certain Omnibus Amendment, dated as of May 3, 2011,
by and among the parties named therein (“Amendment No. 1”) (the “Purchase Agreement”); (2)
the Loan Sale and Servicing Agreement, dated as of December 22, 2010, by and among the Seller, Quorum Federal Credit Union (the
“Buyer”), Bluegreen Corporation, as servicer (“Servicer”), Vacation Trust, Inc. (“Club
Trustee”), Concord Servicing Corporation, as backup servicer (the “Backup Servicer”) and U.S. Bank
National Association, as custodian and paying Agent (“Custodian,” and together with BBCV, the Seller, the Buyer,
the Servicer, the Club Trustee and the Backup Servicer, the “Transaction Parties”), as amended by that certain
Omnibus Amendment No. 1, dated May 3, 2011, that certain Omnibus Amendment No. 2, dated as of February 7, 2012, and that certain
Omnibus Amendment No. 3, dated June 30, 2015 (the “Previous Omnibus Amendments”), and as further amended by
that certain First Commitment Amendment, dated as of March 1, 2012, that Second Commitment Amendment, dated as of January 31, 2013,
that Third Commitment Amendment, dated as of April 1, 2014, that Fourth Commitment Amendment, dated as of November 1, 2014, that
Fifth Commitment Amendment, dated as of December 23, 2014, that Sixth Commitment Amendment, dated as of July 1, 2015, and that
First General Amendment, dated as of April 1, 2014 (as may be amended, supplemented or restated from time to time, the “Loan
Sale and Servicing Agreement”); (3) the Custodial Agreement, dated as of December 22, 2010, by and among the Buyer, the
Seller, the Custodian, the Backup Servicer and the Servicer, as amended by that certain First Amendment to Custodial Agreement,
dated as of May 3, 2011, by and among the parties named therein, and as further amended by the Previous Omnibus Amendments (the
“Custodial Agreement”); and (4) the Backup Servicing Agreement, dated as of December 22, 2010, by and among
the Backup Servicer, the Servicer, the Buyer and the Custodian, as amended by the Previous Omnibus Amendments (the “Backup
Servicing Agreement”).

 

RECITALS

 

WHEREAS, the Transaction
Parties desire to amend the Standard Definitions attached or incorporated into each of the Transaction Documents in the manner
set forth herein.

 

WHEREAS, the Transaction
Parties desire to amend the Loan Sale and Servicing Agreement, the Purchase Agreement, and certain exhibits attached thereto in
the manner set forth herein.

 

WHEREAS, capitalized
terms used herein not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Sale and Servicing Agreement.

 

NOW, THEREFORE, in
consideration of the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the Transaction Parties, intending to be legally bound hereby, agree as follows:

 

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1.          Amendment
of Standard Definitions. The following definitions shall be deleted or substituted, as applicable, to the Standard Definitions
in Annex A of the Transaction Documents:

 

“Sale Date” has
the meaning set forth in Section 2.1(a) of the Loan Sale and Servicing Agreement.

 

2.          Deletion
of Defined Terms. The defined terms “Expiration of Rescission Period,” “Pre-Funding Conditions,” and
“Settlement and Funding Notice” and the definitions ascribed thereto shall be deleted from the Standard Definitions
in Annex of the Transaction Documents.

 

3.          Section
2.1 of the Loan Sale and Servicing Agreement is hereby deleted in its entirety and replaced with the following:

 

		(a)	General Process. During the Purchase Period,
and subject to the terms and conditions of this Agreement, to initiate a Sale the Seller shall provide the Buyer prior written
notice in substantially the form of Exhibit E hereto (a "Sale Notice") not later than 2:00 p.m. (New York
City time) on the date which is no less than three (3) Business Days prior to the date of a proposed Sale (each such sale date,
a "Sale Date"). Such Sale Notice shall specify (i) the principal amount of the Timeshare Loans and (ii) the proposed
Sale Date, which must be a Business Day. The Buyer may act without liability upon the basis of written notice believed by the
Buyer in good faith to be from the Seller (or from any Authorized Officer thereof designated in writing by the Seller to the Buyer).
The Buyer shall be entitled to rely conclusively on any Authorized Officer's authority to request a sa1e on behalf of the Seller
until the Buyer receives written notice to the contrary. The Buyer shall have no duty to verify the authenticity of the signature
appearing on any written Sale Notice. Unless a Sale Notice is provided by Seller to Buyer as set forth above, the Seller shall
not be obligated to sell and the Buyer shall not be obligated to buy any Timeshare Loans.

 

		(b)	Commitment Period. During the Commitment Period,
the Buyer shall be obligated to purchase Eligible Timeshare Loans from the Seller such that the Buyer's Net Investment Amount
equals the Minimum Required Amount subject only to (i) the Seller offering through a Sale Notice to the Buyer Eligible Timeshare
Loans with Loan Balances equal to at least the Minimum Required Amount and (ii) there being no occurrence and continuance of a
Purchase Termination Event. Upon the receipt of a Sale Notice from the Seller, the Buyer shall confirm, by signing and returning
such Sale Notice to the Seller within one Business Day. The Buyer shall issue a commitment purchase confirmation with such terms
as are contained in the form of Exhibit F1 attached hereto and incorporated herein by this reference (a "Buyer
Commitment Purchase Confirmation") no later than 12:00 p.m. (New York City time) on the Business Day prior to the proposed
Sale Date that Buyer shall fund in accordance with the Sale Notice. The Buyer shall deposit the Initial Purchase Price Installment
in immediately available funds, no later than 12:00 p.m. (New York City time) on the related Sale Date, to the account designated
by the Seller in the Sale Notice. Notwithstanding the foregoing, the Seller and Buyer hereby covenant and agree that all of the
terms of the Buyer Commitment Purchase Confirmation shall be established in a fully executed commitment purchase period terms
letter in the form attached hereto in Exhibit S (the "Commitment Purchase Period Terms Letter") delivered
by Buyer to Seller on the Closing Date.

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		(c)	After the Commitment Period. After the expiration
of the Commitment Period, if the Seller delivers a Sale Notice to the Buyer and if the Buyer intends to enter into such Sale with
the Seller upon such terms, then the Buyer shall confirm, by signing and returning such Sale Notice to the Seller within one Business
Day. The Buyer shall issue a purchase confirmation in substantially the form in Exhibit F2 attached hereto (a "Buyer
Purchase Confirmation") no later than 12:00 p.m. (New York City time) on the Business Day prior to the proposed Sale
Date that Buyer shall fund in accordance with the Sale Notice. The Buyer Purchase Confirmation shall specify items including the
following (w) the Buyer Purchase Price Percentage, (x) the Initial Purchase Price Installment for such Sale Date Loan Pool, (y)
the Program Fee Rate, and (z) any fees and expenses payable by the Seller to the Buyer. If the Seller decides to reject any Buyer
Purchase Confirmation, it must provide notice to the Buyer no later than 5:00 p.m. (New York City time) on the Business Day prior
to the proposed Sale Date. The Buyer shall deposit the Initial Purchase Price Installment in immediately available funds, no later
than 12:00 p.m. (New York City time) on the related Sale Date, to the account designated by the Seller.

 

4.          Section
7.6 of the Loan Sale and Servicing Agreement is hereby deleted in its entirety and replaced with the following:

 

The Servicer shall maintain access
to all data for which it is responsible (including, without limitation, computerized tapes or disks) relating directly to or maintained
in connection with the servicing of the Timeshare Loans (which data and records shall be clearly marked to reflect that the Timeshare
Loans have been assigned to the Buyer and constitute a portion of the Assets) at the address specified in Section 14.3 hereof or,
upon fifteen (15) days notice to the Seller and the Buyer, at such other place where any Servicing Officer of the Servicer is located
(or upon one (1) Business Day’s prior written notice if a Purchase Termination Event or Servicer Termination Event shall
have occurred).

 

5.          Subparagraph
(q) of Schedule I is deleted in its entirety and replaced with the following:

 

		(q)	the Timeshare Loan was originated, processed, underwritten
and closed for sale by the Originator in the normal course of its business and, unless otherwise waived by the Buyer, as at the
Sale Date such Timeshare Loan shall not have passed the date that is 69 days after the expiration of the statutory rescission
period applicable to such loan; and to Seller's Knowledge, the origination, servicing and collection
practices used by Seller or its Affiliates with respect to the Timeshare Loan have been in
all respects, legal, proper, prudent and customary;

 

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6.          The
Sale Notice attached hereto replaces the Sale Notice appearing as Exhibit E to the Loan Sale and Servicing Agreement.

 

7.          Exhibit
R to the Loan Sale and Servicing Agreement is deleted in its entirety and reserved for future use.

 

8.          Except
as specifically set forth herein, this Omnibus Amendment No. 4 shall not modify, alter, change, or affect any of the other terms
or conditions of the Loan Sale and Servicing Agreement.

 

(Signature Page Follows)

 

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IN WITNESS WHEREOF,
the parties hereto have executed this Omnibus Amendment 4 as of the date set forth above.

 

	BBCV:	BLUEGREEN/BIG CEDAR VACATIONS, LLC
	 	 
	 	By:	/s/ Anthony M. Puleo
	 	Anthony M. Puleo
	 	Vice President and Treasurer
	 	 
	THE BUYER:	QUORUM FEDERAL CREDIT UNION
	 	 
	 	By:	/s/ Bruno Sementilli
	 	Bruno Sementilli,
	 	President and CEO
	 	 
	THE SELLER:	BBCV RECEIVABLES-Q 2010 LLC
	 	 
	 	By:	/s/ Allan J. Herz
	 	Allan J. Herz
	 	President and Assistant Treasurer
	 	 
	THE SERVICER: 	BLUEGREEN CORPORATION
	 	 
	 	By:	/s/ Anthony M. Puleo
	 	Anthony M. Puleo
	 	Senior Vice President, CFO & Treasurer
	 	 
	THE BACKUP SERVICER: 	CONCORD SERVICING CORPORATION
	 	 
	 	By:	/s/ Sonja M. Yurkiw
	 	Sonja M. Yurkiw, Esq.
	 	Vice President & General Counsel
	 	 
	THE CUSTODIAN: 	U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity but solely as Custodian and Paying Agent hereunder
	 	 
	 	By:	/s/ Michelle Moeller
	 	Michelle Moeller
	 	Vice President
	 	 
	THE CLUB TRUSTEE:	VACATION TRUST, INC.,
	 	as Club Trustee
	 	 
	 	By:	/s/ Constance G. Dodd
	 	Constance G. Dodd
	 	President, Treasurer and Secretary

 

    	 	 	5Exhibit 10.64

 

QUORUM FEDERAL CREDIT UNION

2500 Westchester Avenue

Suite 411

Purchase, NY 10577

 

As of June 30,
2016

 

Allan J. Herz

President and Assistant Treasurer

BBCV Receivables-Q 2010 LLC

4950 Communication Avenue, Suite 900

Boca Raton, Florida 33431

 

		Re:	Commitment Purchase Period Terms Letter Governing Sale of Timeshare Loans by BBCV Receivables-Q
2010 LLC (the "Seller") to Quorum Federal Credit Union (the "Buyer") dated July 1, 2015 ("Terms
Letter")

 

Dear Mr. Herz:

 

This confirms and memorializes our discussions
with respect to the following matters relating to the Terms Letter:

 

1.          The
Buyer and the Seller have discussed the minimum volume of Timeshare Loans to be sold by the Seller to the Buyer and the Program
Fee Rate applicable on and after July 1, 2016, as required by the Terms Letter, and have agreed to defer establishing these business
terms until such time as the Seller and the Buyer wish to sell and buy additional Timeshare Loans.

 

[Signatures on Next Page]

  

     

     

    

  

Please indicate your confirmation of the foregoing
by signing below and returning a fully executed original copy.

 

	 	Very truly yours,
	 	 
	 	QUORUM FEDERAL CREDIT UNION, as Buyer
	 	 	 
	 	By:	/s/ Bruno Sementelli
	 	 	Name: Bruno Sementilli
	 	 	Title: President & CEO

 

	 	Address:	2500 Westchester Avenue
	 	 	Suite 411
	 	 	Purchase, NY 10577
	 	Attention:	President/CEO
	 	Telephone:	914-641-3739
	 	Facsimile:	914-641-3777

 

	ACKNOWLEDGED AND CONFIRMED BY:	 
	 	 
	BBCV Receivables-Q 2010 LLC, as Seller	 
	 	 	 
	By:	/s/ Allan J. Herz	 
	 	Name: Allan J. Herz	 
	 	Title: President and Assistant Treasurer	 

 

	Address:	4950 Communication Avenue
	 	Suite 900
	 	Boca Raton, Florida 33431
	Attention:	Allan J. Herz
	Telephone:	561-912-8210
	Facsimile:	561-443-8743

 

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