Document:

EX-4.32

 Exhibit 4.32 
 RELEASE OF CERTAIN GUARANTOR (this “Release”), dated as of October 22, 2011, by and among CHS/COMMUNITY HEALTH SYSTEMS, INC., a Delaware corporation (the “Issuer”),
the Subsidiary Guarantor party hereto, and U.S. BANK NATIONAL ASSOCIATION, as Trustee under the Indenture (the “Trustee”). 
 W I T N E S S E T H: 
 WHEREAS, the Issuer has heretofore
executed and delivered to the Trustee an Indenture, dated as of July 25, 2007, as supplemented by the First Supplemental Indenture, dated as of July 25, 2007, the Second Supplemental Indenture, dated as of December 31, 2007, the Third
Supplemental Indenture, dated as of October 10, 2008, the Fourth Supplemental Indenture, dated December 1, 2008, the Fifth Supplemental Indenture, dated February 5, 2009, the Sixth Supplemental Indenture, dated March 30, 2008,
the Seventh Supplemental Indenture, dated June 30, 2009, the Eighth Supplemental Indenture, dated March 30, 2010, the Ninth Supplemental Indenture, dated October 25, 2010 and the Tenth Supplemental Indenture, dated June 30, 2011
(the “Indenture”), providing for the issuance of the 8 7/8% Senior Notes due 2015 (the “Securities”); 
 WHEREAS,
pursuant to that certain Purchase Agreement, dated as of June 16, 2011 (as amended, supplemented or otherwise modified from time to time, the “Sale Agreement”), by and between (i) Community GP Corp., Community LP Corp.,
and Community Health Investment Company, LLC (collectively, “Seller”), and (ii) New Directions Health Systems, LLC and New Directions Health Systems of Texas, LLC (collectively, “Purchaser”), Seller has agreed
to sell to Purchaser, and Purchaser has agreed to purchase, all of the outstanding equity interests of certain Subsidiaries of the Issuer (such transaction, the “Sale”). 

WHEREAS, (i) upon the consummation of the Sale, the Subsidiary Guarantor listed on the signature page hereto (the “Sold
Subsidiary Guarantor”) will no longer be a Subsidiary of the Issuer, (ii) the Purchaser is not the Issuer or a Restricted Subsidiary of the Issuer, (iii) the Sale is permitted by the Indenture, and (iv) the Issuer has
delivered an Officer’s Certificate to the Trustee to the effect that the Issuer will comply with its obligations under Section 4.06 of the Indenture with respect to the Sale. 

WHEREAS pursuant to Section 10.06(1) of the Indenture, a Guarantor will be released from its obligations under the Indenture under
the circumstances described in the immediately preceding recital. 
 WHEREAS pursuant to the last sentence of Section 10.06
of the Indenture, the Issuer requests and the Trustee is authorized to execute and deliver this Release evidencing such release pursuant to Section 10.06(1) of the Indenture. 

NOW THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt of which is hereby acknowledged,
the Issuer, the Subsidiary Guarantor party hereto and the Trustee mutually covenant and agree as follows: 
 SECTION 1.
Capitalized Terms. Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture. 
 SECTION 2. Subsidiary Guarantor. Effective from and after the consummation of the Sale, the Sold Subsidiary Guarantor is hereby irrevocably released and discharged from its obligations under
Article 10 of the Indenture, any Guaranty Agreement to which it may be party or any obligations with respect to the Securities. 

SECTION 3. Ratification of Indenture; Release Part of Indenture. Except as expressly modified hereby, the Indenture is in all
respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Release shall form a part of the Indenture for all 

  
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purposes, shall inure to the benefit of the Issuer, the Sold Subsidiary Guarantor, the Trustee and every Holder of Securities heretofore or hereafter authenticated and the Issuer, the Sold
Subsidiary Guarantor, the Trustee and every Holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby. 
 SECTION 4. Governing Law. THIS RELEASE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

SECTION 5. Trustee Makes No Representation. The Trustee makes no representation as to the accuracy or correctness of the recitals
of this Release. 
 SECTION 6. Counterparts. The parties may sign any number of copies of this Release. Each signed copy
shall be an original, but all of them together represent the same agreement. 
 SECTION 7. Effect of Headings. The
Section headings herein are for convenience only and shall not effect the construction of this Release. 
 [Signature page
follows] 

  
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	IN WITNESS WHEREOF, the parties have caused this Release to be duly executed as of this 22nd day of October, 2011.
		
		 	 CHS/Community Health Systems, Inc.,
 a Delaware corporation

			
		 	By:	 	 /s/ Rachel A. Seifert

		 		 	Rachel A. Seifert
		 		 	Executive Vice President, Secretary & General Counsel
		
		 	 Sold Subsidiary Guarantor:

 
 Cleveland Regional Medical Center, L.P.

			
		 	 By:
	 	 /s/ James W. Doucette

		 		 	James W. Doucette
		 		 	Vice President, Finance and Treasurer

  

			
	 U.S. Bank National Association,

as Trustee

		
	 By:
	 	 /s/ Wally Jones

		 	Wally Jones
		 	Vice President

  
 3EX-10.1

 Exhibit 10.1 
 SEPARATION AGREEMENT AND FULL RELEASE 
 This Separation Agreement and Full
Release (the “Agreement”), dated as of 22 February 2012 is by and between Robert D. Stiles (“Stiles”), born on 28 September 1972, having his domicile at 56, avenue de la Faïencerie, L-1510 Luxembourg, and
Altisource Solutions S.à r.l., with registered offices at 291, Route d’Arlon, L-1150 Luxembourg and registered at the Luxembourg Trade and Companies Register under number B.147.268 , its parent company, Altisource Portfolio Solutions
S.A, with registered offices at 291, Route d’Arlon, L-1150 Luxembourg and registered at the Luxembourg Trade and Companies Register under number B.72.391, its parent company, its subsidiaries and its affiliates, (collectively, the
“Company”), (the “Parties”). 
 Whereas: 
  

	 	•	 	 Stiles was employed by the Company by virtue of an employment contract dated 20 July 2009 (the “Employment Contract”);

  

	 	•	 	 By hand delivered letter, Stiles resigned on 22 February 2012 from his Employment Contract; 

 

	 	•	 	 On 22 February 2012, a meeting between Stiles and the Company was held; 

 

	 	•	 	 Stiles and the Company wish to settle immediately and definitely any dispute that has arisen between them particularly in respect of Stiles’
resignation; 

 In consideration of the mutual covenants and agreements contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows: 
 1.
The Parties acknowledge that Stiles’ employment with the Company will end at midnight on March 1, 2012. The parties further agree that up to March 1, 2012, Stiles will perform his functions from outside the executive offices and will
only come to the executive offices for pre-scheduled meetings approved by one of the undersigned managers. Except for any amounts set forth in paragraph 4, and base salary owed (if any) for time worked up to March 1, 2012, Stiles acknowledges
that he has been paid all compensation and benefits due to him and waives any right to additional compensation or consideration whatsoever. 
 2. The Parties agree to exempt each other from and waive the performance of all notice periods pursuant to article L.124-1 of the Luxembourg Labor Code and the Employment Contract. 

3. Stiles agrees that he (i) will exercise his functions in a competent, professional and cooperative manner up to and including
March 1, 2012, (ii) will cooperate fully with the transition of his responsibilities in a professional manner, including delivering to the Company by e-mail to the Chief Executive Officer on or before February 27, 2012 a comprehensive
transition memorandum setting forth a detailed description of all of his duties and responsibilities and a plan for their transition and to update the memorandum with any changes requested by the Chief Executive Officer on or before
February 29, 2012; and (iii) will not disparage the Company or any of its managers, directors or employees in any way. 

EE _____/ Company _____ 

 4. Upon execution of this Agreement by both Parties and contingent upon the Company’s
receipt of the executed Agreement and Stiles’ completion of the items specified in paragraph 3 of the present Agreement, the Company agrees as severance to allow Stiles to retain the Options pursuant to the Non-Qualified Stock Option Agreements
dated September 22, 2009, January 25, 2010 (with typographical error: date of May 5, 2010) and May 19, 2010, where all vesting criteria had been achieved prior to February 20, 2012, which Options amount to:
(i) 14,583 Options under the September 22, 2009 agreement, (ii) 11,667 Options under the January 25, 2010 (with typographical error: date of May 5, 2010) agreement and (iii) 22,500 Options under the May 19, 2010
agreement, for a total combined amount of vested options of 48,750 Options. Additionally, upon execution of this Agreement by both Parties and contingent upon the Company’s receipt of the executed Agreement and Stiles’ completion of
the items specified in paragraph 3, the Company agrees to pay Stiles, without recognition of any liability, as severance for any alleged claim and full discharge, One Hundred Thousand United States Dollars ($100,000) less applicable
withholding taxes. Upon execution of this Agreement by both Parties and contingent upon the Company’s receipt of the executed Agreement and Stiles’ completion of the items specified in paragraph 3, the Company also agrees to allow
Stiles the continued use of (i) the Company’s car he is currently using or reimburse the costs for a rental car in the Company’s sole discretion, until March 31, 2012 and (ii) the apartment located at 56, avenue de la
Faïencerie through March 31, 2012. Upon execution of this Agreement by both Parties and contingent upon the Company’s receipt of the executed Agreement and Stiles’ completion of the items specified in paragraph 3, the Company
agrees to reimburse Stiles for his relocation costs back to Atlanta or New York, including the costs of one-way business class airfare and the shipment costs of one cargo container of up to 40 feet, but only if such relocation takes place within
ninety (90) days of the date of this Agreement. The Company also agrees to purchase the airfare through its Business Travel Account in lieu of reimbursement if requested. The Company further agrees to reimburse Stiles for his outstanding and
unreimbursed expenses incurred prior to the date of this Agreement pursuant to the Company’s Travel and Entertainment policy. Finally, the Company agrees to provide tax equalization and preparation for 2011 and 2012 consistent with past
practice during the term of the employment. 
 5. In consideration for the Company’s promises, and the consideration set
forth in paragraph 4 above, Stiles further agrees to and hereby (i) waives any and all rights to salary, incentive compensation and unused annual leave and other benefits, whether earned or unearned, and whether due or to become due, from the
Company except for any amounts set forth in paragraph 4 and base salary owed (if any) for time worked up to March 1, 2012, Stiles acknowledges that he has been paid all compensation and benefits due to him and waives any right to additional
compensation or consideration whatsoever, and (ii) fully and forever releases and discharges from liability, and covenants not to sue, the Company, and its Affiliates (including parent and subsidiary companies), officers, directors, managers,
employees, counsel and agents and representatives of any sort, both present and former, for any and all claims, damages, actions and causes of action, arising from the beginning of time until the execution of the Agreement by 

EE _____/ Company _____ 

  
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 Stiles, whether in contract, tort, negligence or otherwise, in law or in equity, of every
nature which Stiles may ever have had, or now has, which are known or may subsequently be discovered by Stiles arising out of, in connection with or related to Stiles’ employment with the Company and/or separation from employment with the
Company, including but not limited to any contracts, agreements and promises, written and oral; any and all claims of discrimination on account of sex, race, age, disability, color, national origin, religion, veteran status, marital status or sexual
orientation and claims or causes of action based upon any equal employment opportunity laws, ordinances, regulations or orders, including but not limited to Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the
Americans with Disabilities Act, the Rehabilitation Act, the Family and Medical Leave Act, the Employee Retirement Security Act and any other applicable antidiscrimination statutes whether under United States or Luxembourg law; claims for wrongful
termination actions of any type; (such as claim for indemnity for non-pecuniary loss “indemnité pour préjudice moral”, indemnity for material injury “indemnité pour préjudice
matériel”, indemnity for improper nature of the dismissal procedure “indemnité pour licenciement irrégulier pour vice de forme”), compensation or reinstatement in the event of nullity of the
resignation, compensatory allowance for notice period “indemnité compensatoire de préavis”, and severance pay “indemnité de départ”), breach of express or implied covenant of good faith
and fair dealing; intentional or negligent infliction of emotional distress; intentional or negligent failure to supervise, train, hire or dismiss; claims for fraud, misrepresentation, libel, slander or invasion of privacy and claim on salary
arrears or overtime payment, compensation for legal or contractual holidays not taken by Stiles, reimbursement of expenses, bonuses, commissions or premiums, entertainment expenses, options, warrants, contributions in a supplementary pension plan,
other elements of the remuneration or salary, damages, allocation portion of profits, special advantages, etc, without exception nor reservation. 
 6. Stiles further agrees and covenants that he has not and will not remove from the Company premises any item belonging to the Company and its affiliates, including office equipment, files (neither hard
nor soft ), business records or correspondence, customer lists, investor lists, computer data and proprietary or confidential information (“Confidential Information”). Stiles agrees to account for and return to the Company at the latest on
February 29, 2012 all property (including but not limited to blackberry, laptop documents and disks, equipment, keys and passes belonging to it which is or has been in his possession or under his control). Documents and disks shall include but
not be limited to correspondence, files, emails, memos, reports, minutes, plans, records, surveys, software, diagrams, computer print-outs, floppy disks, manuals, customer documentation or any other medium for storing information. Stiles agrees that
he has not and will not disclose or use any Confidential Information and/or trade secrets of the Company and its affiliates. Stiles agrees to keep all such Confidential Information confidential and not disclose or use the Confidential Information
for any purpose, or divulge or disclose that Confidential Information to any person other than employees of the Company. 
 Any
breach, even minimal, of these obligations may constitute a serious offence, which may trigger a claim that may be exercised on the basis of civil, and/or criminal law. 

  
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 7. In consideration for the Company’s promises, and the consideration set forth in
paragraph 4 above, Stiles further agrees that he will make himself available to the Company at no cost and upon reasonable notice during reasonable business hours to respond to inquiries of the Company and its advisors for a period of one
(1) year from the separation date. 
 8. Stiles acknowledges that during his time of employment he has and will be
provided access to Confidential Information and the Company’s clients, employees, customers and others with whom the Company has formed valuable business arrangements. Stiles agrees that he will not, for a period of one (1) year
following the date of this Agreement: 
  

	 	(i)	 Take any action that would interfere with, diminish or impair the valuable relationships that the Company has with its clients, employees, customers
and others with which the Company has business relationships or to which services are rendered; 

  

	 	(ii)	 Recruit or otherwise solicit for employment or induce to terminate the Company’s employment of or consultancy with, any person (natural or
otherwise) who is or becomes an employee or consultant of the Company or hire any such employee or consultant who has left the employ of the Company within one (1) year after the termination or expiration of such employee’s or
consultant’s employment with the Company, as the case may be; 

  

	 	(iii)	 Directly, or indirectly by assisting others, solicit or attempt to solicit any business from any of the Company’s present customers, or
actively sought prospective customers, with whom Stiles had material contact for purposes of providing products or services that are competitive with those provided by the Company: provided that “material contact” is agreed to exist
between Stiles and each customer or potential customer: (i) with whom Stiles dealt; (ii) whose dealings with the Company were coordinated or supervised by Stiles; or (iii) about whom Stiles obtained Confidential Information in the
ordinary course of business as a result of his association with Company; or 

  

	 	(iv)	 Assist others engaging in any of the foregoing. 

 9. Stiles further agrees that he shall not, either directly or indirectly, disclose, discuss or communicate to any entity or person, except his attorney and/or his immediate family and the Income Tax
Administration, any information whatsoever regarding the existence or the terms of this Agreement, its nature or scope or the negotiations leading to it, unless he is compelled to disclose such information pursuant to legal process, and only then
after reasonable notice to the Company. Stiles shall not disclose, communicate, make public or publicize in any manner, to any entity or person, except his attorney and/or immediate family, any problems he perceives he may have had with the Company,
its officers, employees (past or present) or businesses or any information or statements which might tend to impugn, disparage, defame, discredit or detract from the Company, its officers, employees (past or present) or businesses. Stiles shall be
responsible for assuring that his family complies with the nondisclosure commitments of this section. A breach by Stiles’ family will be considered a breach by Stiles. 
 10. The undersigned Managers agree not to disparage Stiles. The parties agree that the Managers will not be liable for any special, incidental, indirect, consequential or punitive damages for breach of
this paragraph 10. The parties further agree that any and all damages of any sort for breach of this paragraph 10 cannot exceed One Hundred Thousand United States Dollars ($100,000) in total. 

  
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 11. Stiles further agrees to fully cooperate with the Company and, upon reasonable notice,
furnish any such information and assistance to the Company, at the Company’s expense, as may be required by the Company in connection with the Company’s defense or pursuit of any litigation, administrative action or investigation in which
the Company or any of its subsidiaries, parent companies or affiliates is or hereafter becomes a party. 
 12. Stiles affirms
that he does not know and has no reason to know of any agreements, promises, representations, express or implied, oral or written, nor has he been offered any inducements on the behalf of the Company that are not expressly included in any contracts
executed by the Company. 
 13. Violation of any provision of this Agreement by Stiles will entitle the Company, in addition to
and not in limitation of any and all other remedies available to the Company at law or in equity, to reimbursement of all monies paid pursuant to paragraph 4 of this Agreement. Violation of any provision of this Agreement by others who have learned
the information from Stiles will subject Stiles to an action for breach of this Agreement. 
 14. It is the intention of the
Parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the Parties hereunder shall be determined in accordance with the laws of the Grand Duchy of Luxembourg. Any dispute with respect
to the construction of this Agreement and the rights and liabilities of the Parties hereunder will be brought before the courts and tribunals in the district of Luxembourg City. 

15. The Parties agree that this Agreement sets forth all the promises and agreements between them and supersedes all prior and
contemporaneous agreements, understandings, inducements or conditions, express or implied, oral or written, except as contained herein. Notwithstanding any term contained herein, Stiles acknowledges and reaffirms his obligations in the Employee
Intellectual Property Agreement and understands that those obligations remain effective following his separation from the Company. 
 16. Both Parties acknowledge that they have had the opportunity to freely consult, if they so desire, with attorneys of their own choosing prior to signing this document regarding the contents and
consequences of this document. The Parties understand that the payment and other matters agreed to herein are not to be construed as an admission of or evidence of liability for any violation of the law, willful or otherwise, by any person or
entity. 
 17. Both Parties agree that there are no disagreements with regard to the Company’s financial reporting or
accounting practices. 
 18. Stiles fully understands the terms and contents of this Agreement and voluntarily, knowingly and
without coercion enters into this Agreement. 
 19. Each party will execute this Agreement in good faith. 

  
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 20. Both Parties agree that the construction of the covenants contained herein shall be in
favor of their reasonable nature, legality, and enforceability, in that any reading causing unenforceability shall yield to a construction permitting enforceability. If any single covenant or clause shall be found unenforceable, it shall be severed
and the remaining covenants and clauses enforced in accordance with the tenor of this Agreement. In the event a court should determine not to enforce a covenant as written due to overbreadth, the Parties specifically agree that said covenant shall
be enforced to the extent reasonable, whether said revisions be in time, territory or scope of prohibited activities. 
 21.
This Agreement (21 articles and 6 pages) is made in two originals, each party acknowledging having received one original. 
 IN WITNESS WHEREOF,
the parties hereby voluntarily and knowingly enter into this unconditional Agreement. 
  

							
	ATTEST:	 		 	
				
	 /s/ Sophie Hubscher
	 		 	By:	 	 /s/ Robert D. Stiles

	Sophie Hubscher	 		 		 	Robert D. Stiles

  

							
		 		 	 ALTISOURCE SOLUTIONS S.À R.L.

				
		 		 	By:	 	/s/ William B. Shepro
		 		 		 	William B. Shepro
		 		 		 	Manager

  

							
		 		 	 ALTISOURCE SOLUTIONS S.À R.L.

				
		 		 	By:	 	/s/ Kevin J. Wilcox
		 		 		 	Kevin J. Wilcox
		 		 		 	Manager

  
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