Document:

Exhibit 10.4

 

INTELLECTUAL PROPERTY AGREEMENT

 

This INTELLECTUAL PROPERTY AGREEMENT (this “Agreement”)
entered into as of October 1, 2012 (the “effective Date”), by and between Ocwen Mortgage Servicing, Inc., a corporation
organized under the laws of the United States Virgin Islands (“Ocwen,” or together with its subsidiaries, the “Ocwen
Group”), and Altisource Solutions S.à r.l., a private limited liability company organized under the laws of the
Grand Duchy of Luxembourg (“Altisource,” or together with its Affiliates, the “Altisource Group”).

 

RECITALS

 

WHEREAS, in addition to this Agreement, Ocwen and Altisource
are also entering into a Services Agreement, a Technology Products Services Agreement, and a Data Center and Disaster Recovery
Services Agreement, each dated as of the Effective Date and the Support Services Agreement between Ocwen and Altisource dated August
10, 2012 (collectively, the “Services Agreements”), by which Altisource will provide various services to Ocwen; and

 

WHEREAS, in conjunction with the Services Agreements, this
Agreement shall govern the licensing of the Licensed Intellectual Property, as defined below.

 

NOW,
THEREFORE, in consideration of the foregoing recitals, the mutual promises contained in this Agreement, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

 

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

 

“Affiliate” or “Affiliates”
means with respect to any Person: (a) any directly or indirectly wholly owned subsidiary of such Person; (b) any Person that directly
or indirectly owns 100% of the voting stock of such Person; or (c) a Person that controls, is controlled by, or is under common
control with such Person. As used herein, “control” of any entity means the possession, directly or indirectly, through
one or more intermediaries, of the power to direct or cause the direction of the management or policies of such entity, whether
through ownership of voting securities or other interests, by contract, or otherwise. Furthermore, with respect to any Person that
is partially owned by such Person and does not otherwise constitute an Affiliate (a “Partially Owned Person”), such
Partially Owned Person shall be considered an Affiliate of such Person for purposes of this Agreement if such Person can, after
making a good faith effort to do so, legally bind such Partially Owned Person to this Agreement. 

 

“Altisource” shall
include Altisource Portfolio Solutions S.A., Altisource’s parent company, and the members of the ALTISOURCE Group.

 

“Altisource Indemnitees” shall have the
meaning set forth in Section 15 below.

 

“Altisource IP” shall mean all Intellectual
Property owned by Altisource as of the Effective Date or acquired during the term of any of the Services Agreements and includes,
but is not limited to, the Intellectual Property set forth on Schedule I hereto.

 

“Confidential Information” means information
that constitutes trade secrets or confidential proprietary information, regardless of medium in which the information is stored,
whether now known or to be developed in the future, including but not limited to all written technical information, data, specifications,
research and development information, engineering drawings, operating and maintenance manuals and materials, analyses prepared
by consultants and other third parties, all cost information, sales and pricing data, customer prospect lists, supplier records,
customer and supplier lists, customer and vendor data, development and manufacturing files, vendor and customer drawings, formulations
and specifications, quality records and reports, and financial records and reports.

 

    	Page 1 of 14

    	 

    
 

“Disclosing Party” shall have the meaning
set forth in Section 10(b) below.

 

“Group” means, collectively,
either party’s Subsidiaries and Affiliates.

 

“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.

 

“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, Confidential 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.

 

“Initial Term” means
the term of this Agreement that begins on the Effective Date and ends on the eighth anniversary of the Effective Date.

 

“Invoiced Amount” shall have the meaning
set forth in Section 5(b) below.

 

“IP Fee Letter” shall have the meaning
set forth in Section 5(a) below.

 

“Licensed Intellectual Property” means
the Intellectual Property being licensed to Ocwen hereunder, including the Intellectual Property contained in Schedule II attached
hereto, as that schedule may be amended from time to time in Altisource’s sole discretion.

 

“Licensed Marks” means the trademarks
and service marks identified as “Trademarks” in Schedule II attached hereto, as that schedule may be modified by Altisource
in its sole discretion, and used in conjunction with the offering and provision of the licensed goods or services.

 

“Licensed Technology” means all Licensed
Intellectual Property, excluding the Licensed Marks, necessary for Ocwen to enjoy the benefit of the Services.

 

“Licensed Software” means any of the following
software programs: RealServicing, RealTrans, RealResolution, RealPortal, RealDoc, RealSynergy and any other software developed
after the date hereof licensed from Altisource to Ocwen that is integral to Ocwen’s operations.

 

“Ocwen Competitor”
means any Person (other than Ocwen), together with its Affiliates, that provides residential loan servicing services in the United
States or any territory thereof. For purposes of this definition, “Person” includes any “group” as that
term is used in Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, and “beneficial ownership” shall
have the meaning provided in Rule 13d-3 under the Securities Exchange Act of 1934.

 

“Ocwen Indemnitiees”
shall have the meaning set forth in Section 15 below.

 

“Party” shall mean a party to this Agreement,
and “Parties” shall mean all parties to this Agreement.

 

    	Page 2 of 14

    	 

    

 

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

 

“Receiving Party” shall have the meaning
set forth in Section 10(b) below.

 

“Renewal Term” or “Renewal Terms”
means any one or more subsequent five-year renewal terms of this Agreement, or such shorter subsequent period if this Agreement
is terminated.

 

“Section” means any enumerated paragraph
of this Agreement.

 

“Services” means all Services collectively
as such term is defined in each of the respective Service Agreements.

 

“Software Change of Control” means at
any time, with respect to Altisource, the occurrence of any of the following: (a) Transfer by Altisource to an Ocwen Competitor
of all or substantially all of Altisource’s rights and title to (i) any of the Licensed Software or (ii) any other Licensed
Intellectual Property, the effect of which is material and adverse to Ocwen, or (b) any Ocwen Competitor, (i) acquires (whether
through legal or “beneficial ownership,” by contract, or otherwise), directly or indirectly, the right to vote more
than 50% of the total voting power of all common stock then outstanding of Altisource or Altisource’s direct parent
company , or (ii) shall have elected, or caused to be elected, a sufficient number of its or their nominees to the board of directors
of Altisource or Altisource’s direct parent company such that the nominees so elected (regardless of when elected)
shall collectively constitute a majority of the board of directors of Altisource or Altisource’s direct parent company.

 

“Subsidiary” or “Subsidiaries”
of any Person means any corporation or other organization whether incorporated or unincorporated of which at least a majority of
the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors
or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or
controlled by such Person or by any one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries; provided,
however, that any Person that is not wholly owned by any other Person shall not be a Subsidiary of such other Person unless such
other Person controls, or has the right, power, or ability to control that Person.

 

“Term” means the Initial Term and any
Renewal Terms.

 

“Territory” means the United States and
its territories.

 

2.     Altisource Grant of License;
Reservation of Rights

 

a)     Altisource hereby grants
and confirms to Ocwen the non-exclusive license and non-exclusive right to use that portion of the Licensed Intellectual Property
necessary to use and enjoy the Services or otherwise necessary for Ocwen to perform its residential loan servicing operations,
for itself and for the Ocwen Group, solely in the Territory, and the limited, non-exclusive, fully paid-up, nontransferable, revocable
right to access or to otherwise use, for the term of this Agreement, all Intellectual Property owned by or, to the extent permitted
by the applicable license, licensed to Altisource solely to the extent necessary for Altisource to perform its obligations to supply
any Services to Ocwen under the Services Agreements anywhere in the world, subject to Altisource’s rights of approval and
control under this Agreement, which approval will not be unreasonably delayed or withheld.

 

b)     To the extent that Altisource
ceases to provide any particular Services, the license granted hereunder for the Licensed Intellectual Property pertinent to such
Services will likewise cease, unless and to the extent that the same Licensed Intellectual Property is required for Ocwen’s
receipt of any other Services being provided by Altisource for the benefit of Ocwen at the time of cessation or in the future.

 

    	Page 3 of 14

    	 

    
 

c)     The Parties agree that it
is critical that the Licensed Intellectual Property be protected and enhanced, and toward this end, Ocwen agrees, both during the
Term and thereafter, not to:

 

(i)      combine any
name or names, service marks, or trademarks with the Licensed Marks;

 

(ii)     use any other
name or names, service marks, or trademarks in association with the Licensed Marks in any advertising, promotion, publicity,
labeling, packaging, or printed matter of any kind utilized by Ocwen without Altisource’s prior express written
consent;

 

(iii)    do, or suffer to be done, any act
that may in any way adversely affect any rights of Altisource in and to the Licensed Intellectual Property or any registrations
thereof, or that, directly or indirectly, may reduce the value of the Licensed Intellectual Property or detract from them or the
reputation of Altisource;

 

(iv)    challenge the title or rights of Altisource
in or to the Licensed Intellectual Property;

 

(v)     apply to register or maintain any application
or registration respecting the Licensed Intellectual Property or any other mark or domain name confusingly similar to the Licensed
Marks, or domain names licensed hereunder, except with the consent and direction of Altisource and in the name of Altisource, unless
Altisource directs the use of another name;

 

(vi)    use any
colorable imitation of any of the Licensed Marks or any variant form (including variant design forms, logos, colors, or type
styles) not specifically approved by Altisource;

 

(vii)   misuse the Licensed Intellectual Property
or take any action that would tend to destroy or diminish the value of the Licensed Intellectual Property; or

 

(viii)  make use of the Licensed Technology beyond
the internal enjoyment and exploitation of the Services.

 

d)     The Parties agree that all
use by Ocwen of the Licensed Intellectual Property under the terms of this Agreement inures to the benefit of Altisource.

 

e)     Ocwen agrees to: (i) cooperate
fully with Altisource in securing and maintaining the ownership and goodwill of Altisource in the Licensed Intellectual Property;
and (ii) to assist Altisource, at Altisource’s direction, in the protection, enhancement, maintenance, and enforcement of
Altisource’s rights in the Licensed Intellectual Property.

 

f)     Altisource reserves all rights
in and to the Licensed Intellectual Property, and Altisource may exercise such rights at any time. In that regard, nothing herein
shall be deemed to prevent Altisource, at any time, from using and granting to third parties the right to use the Licensed Intellectual
Property in the Territory or elsewhere in connection with the Services.

 

g)     OCWEN shall not exploit the
Licensed Intellectual Property licensed hereunder outside the Territory or for any purpose beyond its use and enjoyment of the
Services without the prior express written consent of Altisource.

 

h)     Nothing herein shall be deemed
to be a grant to Ocwen of the right to use or exploit any Licensed Intellectual Property beyond that licensed hereunder.

 

    	Page 4 of 14

    	 

    
 

3.    [Reserved]. 

 

4.     Royalties

 

a)     In consideration of the rights
granted to the respective Parties under this Agreement, Altisource shall provide the reports to Ocwen and Ocwen shall pay the royalties
to Altisource as such are set forth in that certain fee letter between Ocwen and Altisource dated as of the Effective Date (the
“IP Fee Letter”).

 

b)     Altisource shall submit statements
of account to Ocwen on a monthly basis with respect to all amounts payable by the Ocwen to Altisource hereunder (the “Invoiced
Amount”), setting out the royalty amount billed to the Ocwen. Ocwen shall pay the Invoiced Amount to Altisource by wire transfer
of immediately available funds to an account or accounts specified by Altisource, or in such other manner as specified by Altisourcein
writing, or as otherwise reasonably agreed to by the Parties hereto, within thirty (30) days of the date of delivery to Ocwen of
the applicable statement of account; provided, that, in the event of any dispute as to an Invoiced Amount, Ocwen 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.

 

5.     Term and Renewal.

 

(a)    Initial Term. This Agreement
shall commence on the Effective Date and shall continue in full force and effect until August 31, 2020 (the “Initial Term”),
or the earlier date upon which this Agreement has been otherwise terminated in accordance with the terms hereof.

 

(b)   Renewal Term. Subject to the provisions of Sections
2(b) and 9, this Agreement will survive for the Initial Term and will automatically renew for four (4) two (2)-year increments
following the Initial Term (each a “Renewal Term”); provided that (a) each Party has fully complied with its obligations
under this Agreement and has maintained a performance standard acceptable to the other Party during the prior term and (b) the
Agreement has not been terminated.

 

6.     Quality Control

 

a)     The Parties recognize and
acknowledge that the offering of goods or services of inferior quality under the any licensed marks hereunder may damage the business
reputation of the Parties and the goodwill associated with such marks. Accordingly, in order to maintain the respective Parties’
reputation for quality, Ocwen will provide products and/or services under the licensed marks of a quality no less than its current
quality. All promotional material utilizing the licensed marks must be approved in writing by Altisource prior to use.

 

b)     Ocwen shall at all times
and in all places permit Altisource, by representatives designated by Altisource, to inspect the use made of the Licensed Intellectual
Property under this Agreement. At all times, Ocwen shall comply with the reasonable quality control procedures furnished or approved,
from time to time, by Altisource concerning use of the licensed marks and the quality of any goods or services offered thereunder.
Upon reasonable prior notice, Altisource may inspect and review the offices and records of Ocwen during normal business hours for
compliance with this or any other provision of this Agreement.

 

c)     Ocwen shall use and display
the licensed marks only in such form and manner as are specifically approved in advance by Altisource.

 

d)     Ocwen shall cause to appear
the legends, markings, and notices that Altisource may direct on all material used by Ocwen in connection with the Licensed Intellectual
Property and on any printed matter on which Ocwen elects to have licensed marks appear.

 

    	Page 5 of 14

    	 

    
 

e)     Ocwen shall be permitted
to use any designs, materials, packages, labels, promotional materials, and advertising materials in relation to any goods or services
approved by Altisource; provided, however, that in the event that, after the Effective Date, any such design, material, package,
label, promotional material, or advertising material is materially modified, or the manner in which any of the foregoing is used
is proposed to be materially modified, Ocwen shall obtain the written approval of Altisource (such approval not to be unreasonably
withheld) for such design, material, package, label, promotional material, advertising material, or such modified use thereof prior
to any use thereof.

 

7.     Advertising and Promotion.
Ocwen shall provide to Altisource, free of charge for its permanent archives, copies or representative samples of all advertising
and promotional materials bearing any licensed marks.

 

8.     Intellectual Property
Rights Ownership.

 

a)     Ocwen acknowledges that Altisource
is the owner of all right, title, and interest in and to the Altisource IP and the Licensed Intellectual Property and is also the
owner of the goodwill related to or that shall become related to any marks included in the Altisource IP and the Licensed Marks.

 

b)     [Reserved].

 

c)     At Altisource’s request,
Ocwen shall execute any documents reasonably required by Altisource to confirm the Altisource’s ownership of all rights in
and to, for Altisource, the Altisource IP and the Licensed Intellectual Property the rights of Altisource pursuant to this Agreement.
Ocwen shall cooperate with Altisource in connection with the filing and prosecution by Altisource of applications to register the
Altisource IP and Licensed Intellectual Property, and in connection with the maintenance and renewal of any such registrations
that may issue.

 

d)     Ocwen shall use the Licensed
Intellectual Property strictly in compliance with the legal requirements of the Territory or wherever the Services in connection
with which the Licensed Intellectual Property may be rendered, and shall use such markings in connection therewith as may be required
by applicable law.

 

e)     Any challenge by Ocwen to
the rights of Altisource in the Licensed Intellectual Property, or any attempt to register Licensed Intellectual Property in Ocwen’s
or any other party’s name, shall be deemed a material and incurable default hereunder.

 

f)     Ocwen shall not use, and
shall not cause or permit any third party to use, the Licensed Intellectual Property in any unlawful or deceptive manner or in
any other way that is likely to directly or indirectly tarnish, dilute, denigrate, diminish, lessen the value of, or invalidate
any of the Licensed Intellectual Property.

 

g)     [Reserved].

 

h)     Any technology or Intellectual
Property jointly developed by the Parties shall become the property of Altisource and shall constitute Altisource IP. Ocwen shall
cooperate with Altisource in connection with the filing and prosecution by Altisource of applications to register, for Altisource,
any such jointly developed technology and Intellectual Property, and in connection with the maintenance and renewal of any such
registrations that may issue.

 

i)     Each of the Parties acknowledges
and agrees that (i) Ocwen will continue to own all of its loan servicing data, and (ii) Ocwen will grant to Altisource free access
to such loan servicing data, including, without limitation, allowing Altisource to backup such loan servicing data in accordance
with Altisource’s reasonable standard practices, and nothing in this Agreement shall limit Altisource’s ability to
use any such data.

 

    	Page 6 of 14

    	 

    
 

j)     Within one hundred and twenty
(120) days of the Effective Date, Altisource shall establish and maintain a copy of the source code and the object code for all
Licensed Software, along with programmer’s notes and other materials sufficient to permit Ocwen to understand the design
and operation of the Licensed Software (collectively, all such materials are referred to as the “Escrow Material”)
in escrow with a recognized escrow agent on terms and conditions reasonably acceptable to Ocwen, including, but not limited to,
identifying the occurrence of a Software Change of Control following which Ocwen’s rights to the Licensed Software are materially
and adversely impaired as a release condition for the affected Licensed Software (such agreement for escrow shall be referred to
as the “Escrow Agreement”). On the last day of each calendar quarter, or such other period as the Parties may jointly
agree, Altisource shall deposit into such escrow Escrow Material corresponding to any new release or upgrades of existing Licensed
Software or new Licensed Software that has been licensed to Ocwen during the preceding quarter, if any. None of the Escrow Material
shall contain devices of any kind that would prevent the use of the Escrow Material; provided, however, that, if the Licensed Software
normally includes password protection, the use of software keys or other devices that disable or limit its use, then the Escrow
Material shall include: (1) the passwords, software keys, and any other items necessary to allow a party to fully utilize the Licensed
Software; (2) instructions for the use of such passwords, software keys, and other items; and (3) the means to generate additional
passwords, software keys and other such items for subsequent licensees. Ocwen may at any time request verification of the Escrow
Material in accordance with the verification procedures set forth in the Escrow Agreement, and Altisource shall comply with their
verification obligations set forth in the Escrow Agreement.

 

9.   Confidentiality

 

a)     Confidential Information.
The Parties acknowledge that information to be shared between Altisource and Ocwen may be Confidential Information.

 

b)     Duty of Confidentiality.
To the extent a Party (the “Disclosing Party”) shares Confidential Information with the other Party (the “Receiving
Party”), the Receiving Party agrees to secure and protect the confidentiality of the Disclosing Party’s Confidential
Information in a manner consistent with the maintenance of the Disclosing Party’s rights therein, using at least as great
a degree of care as the Receiving Party uses to maintain the confidentiality of its own Confidential Information of a similar nature,
but in no event using less than a commercially reasonable degree of care. The Receiving Party shall not disclose, disseminate,
or otherwise publish or communicate the Disclosing Party’s Confidential Information to any person, firm, corporation, or
other third party without the prior written consent of the Disclosing Party, except to the Receiving Party’s direct and indirect
employees, consultants, and representatives who have a need to know and who have been informed of and made subject to obligations
corresponding to the Receiving Party’s obligations hereunder.

 

c)     Breach of Confidentiality.
The Parties agree that in the event of a breach of this Section by a Receiving Party or its direct or indirect employees, consultants,
or representatives, the Disclosing Party may suffer irreparable damage for which monetary relief may be inadequate. Accordingly,
in addition to any other remedies available to it, the Disclosing Party shall be entitled to equitable relief, including specific
performance and other injunctive relief, without the necessity of posting a bond.

 

10.   Termination

 

a)     If either Party materially
defaults in the performance of any provision of this Agreement and such default is not cured within thirty (30) days after receiving
notice of such default from the non-defaulting Party, the non-defaulting Party shall be entitled to terminate this Agreement effective
immediately upon delivery of final written notice to the defaulting Party.

 

b)     If a Party (i) becomes insolvent,
(ii) 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 Party and within sixty (60) days thereof such Party fails to
secure a dismissal thereof, or (iii) makes any assignment for the benefit of creditors, then and in that event only, the Party
that is not the subject of such proceedings may terminate this Agreement immediately upon written notice.

 

    	Page 7 of 14

    	 

    
 

11.   Post-Termination; Expiration of Rights
and Obligations

 

a)     If this Agreement is terminated
for any cause or no cause or expires, all rights to use the Licensed Intellectual Property granted under this Agreement shall forthwith
revert to Altisource, and OCWEN and its receivers, representatives, trustees, agents, administrators, successors, or permitted
assigns shall have no right after the effective date of termination to use or exploit any Licensed Intellectual Property, including
no right to use, sell, ship, market, or distribute products, services, or promotional materials bearing the Licensed Marks, unless
they have received the prior written approval of Altisource. All materials bearing the Licensed Marks and all copies of materials
embodying or incorporating the Licensed Intellectual Property shall be destroyed or disposed of in a manner authorized by Altisource.
Upon Altisource’s request, Ocwen shall provide evidence satisfactory to Altisource of destruction or other disposition of
such materials and things. Ocwen must do all things necessary to withdraw all filings that reflect Ocwen as a registered, licensed,
or authorized user of any Licensed Intellectual Property.

 

b)     [Reserved].

 

c)     If this Agreement is terminated
for any cause or no cause or expires, all materials containing Confidential Information of a Disclosing Party shall be destroyed
or disposed of in a manner authorized by the Disclosing Party. Upon the Disclosing Party’s request, the Receiving Party shall
provide evidence satisfactory to the Disclosing Party of destruction or other disposition of such materials and things.

 

d)     Upon termination, all payments
due to Altisource hereunder shall become immediately due and payable.

 

12.   Notice of Infringement and Cooperation

 

a)     Altisource, if it so desires,
may commence to prosecute any proceedings, claims, or suits to protect the Licensed Intellectual Property in Altisource’s
own name or in the name of Ocwen or join Ocwen as a party thereto. Ocwen agrees to supply Altisource with such information as Altisource
may reasonably request, including information regarding sales and promotion, to aid Altisource in the acquisition, maintenance,
and renewal of applications and registrations of the Licensed Intellectual Property, in the recordal of this Agreement, in the
entry of Ocwen as a registered or authorized user of the Licensed Intellectual Property, or in furtherance of any other purpose
related to the acquisition, preservation, protection, or defense of the Licensed Intellectual Property.

 

b)     [Reserved].

 

c)     Ocwen agrees to notify Altisource
promptly in writing in the event it becomes aware of any third party infringing, misusing, or otherwise violating any of the rights
of Altisource in its Intellectual Property, or who Licensee believes is, or may be infringing, diluting, or otherwise derogating
the Intellectual Property of Altisource. Altisource may, in its sole discretion, take action against such third party to enforce
its interests in its Intellectual Property, and in such event shall be entitled to retain all monetary recovery from any such third
party by way of judgment, settlement, or otherwise. Ocwen agrees to cooperate promptly and fully with any such effort; provided,
however, that Altisource shall reimburse Ocwen for all of its out-of-pocket expenses, not including attorneys’ fees, incurred
as a result of such assistance.

 

    	Page 8 of 14

    	 

    
 

13.   Dispute Resolution. It is the
intent of the Parties to use reasonable best 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 commercially reasonable efforts to meet within thirty (30) days of the Escalation Notice.

 

14.   Indemnification.

 

a)     Ocwen shall indemnify, defend,
and hold harmless Altisource, each other member of the Altisource Group, and each of their respective former and current directors,
officers, and employees, and each of the heirs, executors, successors, and assigns of any of the foregoing (collectively, the “Altisource
Indemnitees”) with legal counsel reasonably acceptable to Altisource from and against all demands, claims, injuries, losses,
damages, actions, suits, causes of action, proceedings, judgments, liabilities, and expenses, including attorneys’ fees,
court costs, and other legal expenses, arising out of or connected with the violation of the proprietary rights of any third party
through Ocwen’s actions, including, but not limited to, liability due solely to the negligence or recklessness of Ocwen,
or of a breach of any representation or warranty made by Ocwen in this Agreement. Altisource shall give to Ocwen notice of any
such claim or suit as soon as possible and afford Ocwen the opportunity to defend the claim at its own expense through counsel
of its own choice. Unless approved in writing, Ocwen, its representatives, agents, and assigns shall not voluntarily settle any
such claim or suit in a manner that might in any way adversely affect or be in derogation of any rights of Altisource in and to
the Licensed Intellectual Property or constitute any admission in respect thereof or otherwise. Nothing herein shall preclude Altisource
from participating in any manner through counsel of its own choosing at its own expense, and no approval by Altisource of any action
by Ocwen shall affect any right of Altisource to indemnification hereunder. Altisource agrees to cooperate to the extent reasonably
necessary to reduce or eliminate the indemnified liability.

 

b)     Altisource shall indemnify,
defend, and hold harmless Ocwen, each other member of the Ocwen Group, and each of their respective former and current directors,
officers, and employees, and each of the heirs, executors, successors, and assigns of any of the foregoing (collectively, the “Ocwen
Indemnitees”) with legal counsel reasonably acceptable to Ocwen from and against all demands, claims, injuries, losses, damages,
actions, suits, causes of action, proceedings, judgments, liabilities, and expenses, including attorneys’ fees, court costs,
and other legal expenses, arising out of or connected with the violation of the proprietary rights of any third party through Altisource’s
actions, including, but not limited to, liability due solely to the negligence or recklessness of Altisource, or of a breach of
any representation or warranty made by Altisource in this Agreement. Ocwen shall give to Altisource notice of any such claim or
suit as soon as possible and afford Altisource the opportunity to defend the claim at its own expense through counsel of its own
choice. Unless approved in writing, Altisource, its representatives, agents, and assigns shall not voluntarily settle any such
claim or suit in a manner that might in any way adversely affect or be in derogation of any rights of Ocwen or constitute any admission
in respect thereof or otherwise. Nothing herein shall preclude Ocwen from participating in any manner through counsel of its own
choosing at its own expense, and no approval by Ocwen of any action by Altisource shall affect any right of Ocwen to indemnification
hereunder. Ocwen agrees to cooperate to the extent reasonably necessary to reduce or eliminate the indemnified liability.

 

15.   Representations and Warranties.
Ocwen represents on behalf of itself and each member of the Ocwen Group, and Altisource represents on behalf of itself and each
member of the Altisource Group, as follows:

 

(a)     each Person has the requisite
corporate or other power and authority and has taken all corporate or other action necessary in order to execute, deliver, and
perform each of this Agreement to which it is a party and to consummate the transactions contemplated hereby and thereby;

 

    	Page 9 of 14

    	 

    
 

(b)     this Agreement will be,
on or prior to the Effective Date, duly executed and delivered and constitutes, or will constitute, a valid and binding agreement
enforceable in accordance with the terms thereof.

 

16.   DISCLAIMERS OF WARRANTIES. EXCEPT
AS EXPRESSLY SET FORTH IN THIS AGREEMENT, ALTISOURCE HAS NOT MADE, AND IS NOT MAKING, ANY REPRESENTATION OR WARRANTY TO OCWEN,
INCLUDING WITH RESPECT TO THE LICENSED INTELLECTUAL PROPERTY, THE SERVICES, OR THE PROSPECTS OF THE BUSINESS TO BE CONDUCTED BY
OCWEN. EXCEPT AS EXPRESSLY WARRANTED HEREIN, ALTISOURCE EXPRESSLY DISCLAIMS ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, STATUTORY,
OR OTHERWISE, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND DURABILITY;
ANY WARRANTY WITH RESPECT TO INTELLECTUAL PROPERTY INFRINGEMENT; AND ANY WARRANTY ARISING FROM A COURSE OF DEALING OR USAGE OF
TRADE. ALTISOURCE DOES NOT WARRANT THAT ANY SOFTWARE OR SERVICES COVERED UNDER THIS AGREEMENT WILL MEET ALL OF OCWEN’S REQUIREMENTS,
OR THAT THE USE OF ANY SOFTWARE WILL BE UNINTERRUPTED (FOR WHATEVER REASON), BE FREE FROM PROGRAMMING OR OTHER ERRORS, OR WILL
BE SAFE FROM VIRUSES, WORMS, OR SECURITY BREACHES. ALTISOURCE HAS NOT AUTHORIZED AND DOES NOT AUTHORIZE ANYONE TO MAKE ANY WARRANTIES
ON ALTISOURCE’S BEHALF.

 

17.   LIMITATION OF LIABILITY. REGARDLESS
OF THE FORM OR NATURE OF ANY ACTION, CAUSE OF ACTION, OR CLAIM, UNDER NO CIRCUMSTANCES SHALL A PARTY BE LIABLE FOR ANY SPECIAL,
EXEMPLARY, PUNITIVE, INDIRECT, INCIDENTIAL, CONSEQUENTIAL, OR TREBLE DAMAGES OF ANY CHARACTER; ANY LOSS OF PROFITS, LOSS OF USE,
LOSS OF BUSINESS REVENUE, LOSS OF INCOME, LOSS OF DATA, OR LOSS OF BUSINESS OPPORTUNITY; FAILURE TO REALIZE EXPECTED SAVINGS; OR
COSTS OF COVER, ARISING OUT OF OR RELATING TO THIS AGREEMENT, RELATED TO THE LICENSED INTELLECTUAL PROPERTY OR THE ALTISOURCE IP,
EVEN IF THE PARTY HAS BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGES.

 

18.   Costs and Expenses

 

a)     Each Party shall bear and
pay all costs and expenses arising in connection with its performance under this Agreement.

 

b)     In the event that Ocwen does
not make any payment required under the provisions of this Agreement to Altisource when due in accordance with the terms hereof,
Altisource may, at its option, charge Ocwen 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, Ocwen shall reimburse Altisource for all costs of collection of overdue
amounts, including any reasonable attorneys’ fees.

 

c)     Should either Party incur
any costs, including attorneys’ or experts’ fees, as a result of a material breach of this Agreement by the other Party,
the breaching Party shall be liable to the non-breaching Party for all such costs in addition to any other relief to which the
non-breaching Party may be entitled.

 

19.   Miscellaneous

 

a)     Counterparts; Entire Agreement;
Corporate Power.

 

(i)      This Agreement may be executed
in one or more counterparts, including by facsimile, 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 parties hereto
or thereto.

 

(ii)     This Agreement and the
exhibits and schedules hereto, including the IP Fee Letter, 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.

 

    	Page 10 of 14

    	 

    

 

b)     Governing Law. This
Agreement shall be governed by and construed and interpreted in accordance with the internal laws of the State of New York applicable
to contracts made and to be performed wholly in such State and irrespective of the choice of law principles of the State of New
York, as to all matters.

 

c)     Assignability. 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 consolidated
assets of such Party, subject to Section 8(j) in the case of a Software Change of Control. Further, any assignee of any licensed
Intellectual Property hereunder or any Person who acquires any right or title to any Licensed Intellectual Property following a
Software Change of Control or otherwise shall take such Licensed Intellectual Property subject to the license set forth herein.
Any purported assignment in violation of this Section 19(c) shall be void and shall constitute a material breach of this Agreement.

 

d)     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 and are not intended
to confer upon any Person except the Parties hereto any rights or remedies hereunder, and (b) there are no third-party beneficiaries
of this Agreement and this Agreement shall not provide any third person with any remedy, claim, liability, reimbursement, cause
of action, or other right in excess of those existing without reference to this Agreement.

 

e)     Notices. All notices
or other communications under this Agreement or any Ancillary Agreement shall be in writing and shall be deemed to be duly given
when (a) delivered in person, (b) sent by facsimile (except that, if not sent during normal business hours for the recipient, then
at the opening of business on the next business day for the recipient) to the facsimile numbers set forth below, or (c) deposited
in the United States mail or private express mail, postage prepaid, addressed as follows:

 

If to Ocwen, to:

 

Ocwen Mortgage Servicing, Inc.

402 Strand Street

Frederiksted, Virgin Islands 00840-3531

Attn:Corporate Secretary

Facsimile number: _________

 

If to Altisource, to:

 

Altisource Solutions S.à
r.l.

291 route d’Arlon

L-1150 Luxembourg

Attn: Corporate Secretary

Facsimile number:
352-2744-9499

With a copy to: contractmanagement@altisource.com

 

Either Party may, by notice to the other Party, change the
address to which such notices are to be given.

 

    	Page 11 of 14

    	 

    

 

f)     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.

 

g)     Headings. The headings
contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement.

 

h)     Survival of Covenants.
Except as expressly set forth in this Agreement, the covenants in this Agreement and the liabilities for the breach of any obligations
in this Agreement contained in Sections 2, 6(b), 7, 8, 9, 11, 12, 13, 14, 15, 16, 17, 18, and 19 shall survive the termination
or expiration of this Agreement.

 

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

 

j)     Specific Performance.
In the event of any actual or threatened default in, 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 hereby agree that the remedies at law for any breach or threatened breach hereof, including monetary
damages, are inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at
law would be adequate is waived. Any requirements for the securing or posting of any bond with such remedy are waived.

 

k)     Amendments. No provisions
of this Agreement shall be deemed waived, amended, supplemented, or modified by any Party hereto, 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.

 

l)      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 as a whole (including all of the schedules and exhibits
hereto) and not to any particular provision of this Agreement. Section, Exhibit, and Schedule references are to the sections, exhibits,
and schedules 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, as permitted by
the terms hereof. 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.

 

    	Page 12 of 14

    	 

    

 

m)     Jurisdiction; Service
of Process; Limitations. Any action or proceeding arising out of or relating to this Agreement shall be brought in the courts
of the State of New York located in the County of New York or in the United States District Court for the Southern District of
New York (if any party to such action or proceeding has or can acquire jurisdiction), and each of the Parties hereto irrevocably
submits to the exclusive jurisdiction of each such court in any such action or proceeding, waives any objection it may now or hereafter
have to venue or to convenience of forum, agrees that all claims in respect of the action or proceeding shall be heard and determined
only in any such court, and agrees not to bring any action or proceeding arising out of or relating to this Agreement in any other
court. The Parties to this Agreement agree that any of them may file a copy of this paragraph with any court as written evidence
of the knowing, voluntary, and bargained agreement between the Parties hereto irrevocably to waive any objections to venue or to
convenience of forum. Process in any action or proceeding referred to in the first sentence of this Section may be served on any
Party to this Agreement anywhere in the world. Neither Party hereto may bring an action against the other under this Agreement
(whether for breach of contract, negligence or otherwise) more than twelve (12) months after that Party becomes aware of the cause
of action or one (1) year after the termination of this Agreement, whichever is shorter.

 

n)     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.

 

o)     Relationship. The
Parties are independent contractors and neither Party is an employee, partner or joint venturer of the other. Under no circumstances
shall any of the employees of a Party be deemed to be employees of the other Party for any purpose. No Party shall have the right
to bind the other Party 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.

 

p)     Compliance with Laws.
The Parties shall each comply with all applicable laws and regulations and shall obtain all appropriate government approvals pertaining
to their respective operations.

 

q)     Force Majeure. If
the performance of this Agreement is interfered with by any circumstance beyond the reasonable control of the Party affected, including
without limitation governmental authority to grant any consent, approval, waiver, or authorization, or any delay on the part of
any governmental authority in granting any consent, approval, waiver, or authorization, manufacturer or equipment vendor delays
or deficiencies including ability to process correctly calendar date-related data, delays in repair or maintenance of sites due
to restricted access by third parties, delays or barriers to construction or coverage resulting from local zoning restrictions
or frequency coordination issues with incumbent wireless users, acts of God, such as fire, flood, earthquake, or other natural
cause, terrorist events, riots, insurrections, war or national emergency, or strikes, boycotts, lockouts or other labor difficulties,
the Party affected by the force majeure is excused on a day-by-day basis to the extent of the interference; provided that such
Party shall use commercially reasonable efforts to avoid or remove the causes of such nonperformance.

 

r)     Incorporation of Schedules
and Exhibits. The Parties agree that Schedules I and II are a part of this Agreement and may be modified to add, delete, or
otherwise change the terms of this Agreement from time to time. Such modified or additional schedules and exhibits shall become
a part of this Agreement from the date of such modification.

  

Signatures on Following Page

 

    	Page 13 of 14

    	 

    

 

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

 

		OCWEN MORTGAGE SERVICING, INC.
	 	 
	 	By:  	/s/ John V. Britti 
	 		John V. Britti 
	 	Title:	Executive Vice President, Chief Financial Officer
and Treasurer 
	 	 	 
	 	ALTISOURCE SOLUTIONS S.À R.L.	 
	 	 	 
	 	By: 	/s/ William B. Shepro 
	 		William B. Shepro 
	 	 	Manager

 

    	Page 14 of 14

    	 

    

 

SCHEDULE I

 

ALTISOURCE INTELLECTUAL PROPERTY

 

Part A to Schedule I of Intellectual Property Agreement:

 

Patents

	 	 	 	 
	Patents
	Issued
	U.S. PTO Patent No.	Issue Date	Title	Inventors
	7,412,418	8/12/2008	Expense Tracking, Electronic Ordering, Invoice Presentment, and Payment System and Method	William C. Erbey, Russell Bulman, Robert J. Leist, Mary Edgecomb, Donald Vetal, Armand Bonola, Stephanie Hudson, Jeffrey Neufeld, Debra Toussaint-Blackman, Rosemary Weaver, Sandra Blum, Federico Bucspun
	Pending
	Ser. No.	Filing Date	Title	Inventors
	U.S.
 10/918,699	8/16/2004	Method and System for Providing Customer Relations Information	William C. Erbey, Scott Paul Conradson
	U.S.
 10/937,879	9/10/2004	Method and System for Vendor Management	Ralph J. Behmoiras
 William C. Erbey
 Arthur J. Castner
 Christopher Kennedy
 Keith S. Reno
	U.S.
 09/512,845	2/25/2000	Method for Workflow Processing Through Computer Network	Ravi Ramanathan
 Edmund M. Johnson
 Michael A. Graves
	U.S.
 10/408,079	4/4/2003	Method and Apparatus for Providing Selective Access to Information	Scott William Anderson

 

    	Page 1 of 13

    	 

    

	 	 	 	 
	U.S.
 10/102,104	3/19/2002	Management and Reporting System and Process for Use with Multiple Disparate Database	Christopher M. Ruby
 Chase N. Tessman
 Michael R. Langolf
	U.S.
 10/957,689	10/5/2004	Management and Reporting System and Process for Use with Multiple Disparate Database	Christopher M. Ruby
 Chase N. Tessman
 Michael R. Langolf
	U.S.
 11/141,209	6/1/2005	Call Center Services System and method	Dale Pickford
	U.S.
 11/301,247	12/13/2005	Product Optimizer	Christopher Kennedy
 William Erbey
 Bryan Hurley
	U.S.
 11/727,225	4/4/2003	Method and Apparatus for Providing Selective Access to Information	Scott William Anderson
	U.S.
 11/803,306	5/22/2006	Method and system for Loan Closing	William Erbey
 Christopher Kennedy
 Bryan Hurley

	 	 	 	 
	U.S.
 11/802,308	5/22/2007	Method And System For Exchange	William Erbey
 Christopher Kennedy
 Bryan Hurley
 Andrew Combs
	U.S.
 12/111,714	04/29/2008 (parent filing 12/08/2003)	Expense Tracking, Electronic Ordering, Invoice Presentment, and Payment System and Method	William C. Erbey
 Russell Bulman
 Robert J. Leist
 Mary Edgecomb
 Donald Vetal
 Armand Bonola
 Stephanie Hudson
 Jeffrey Neufeld
 Debra Toussaint-Blackman
 Rosemary Weaver
 Sandra Blum
 Federico Bucspun
	U.S.
 12/335,196	12/15/2008	Vendor Assurance	Christopher Kennedy
 Bryan Hurley
	U.S.
 utility	Unfiled	Method and System for Collections Optimization	William C. Erbey
 Ron Faris
 Ashish Pandey
 Amanjeet Saluja
 Deepak Dhayanithy
 Saurav Chawla
 Seth Carter
	U.S.
 12/334,168	12/12/2008	Ocwen Exchange	Christopher Kennedy

 

    	Page 2 of 13

    	 

    

	 	 	 	 
	U.S.
 12/404,958	3/16/2009	EXPENSE TRACKING, ELECTRONIC ORDERING, INVOICE PRESENTMENT, AND PAYMENT SYSTEM AND METHOD	Russell Bulman;
 Sandra Blum
	U.S.
 60/163,228	3/25/2009	APPARATUS AND METHOD FOR MODELING LOAN ATTRIBUTES	SALUJA, Amanjeet;
 GUPTA, Ankush;
 DHAYANITHY, Deepak; GUGLANI, Raman;
	IN
 2743 MUM 2008	12/31/2008	Method and System for Collections Optimization	William C. Erbey
 Ron Faris
 Ashish Pandey
 Amanjeet Saluja
 Deepak Dhayanithy
 Saurav Chawla
 Seth Carter
	IN 
 979 MUM 2009	4/15/2009	APPARATUS AND METHOD FOR MODELING LOAN ATTRIBUTES	SALUJA, Amanjeet;
 GUPTA, Ankush;
 DHAYANITHY, Deepak;
 GUGLANI, Raman;

 

    	Page 3 of 13

    	 

    

 

Part B to Schedule I of Intellectual Property Agreement:

 

Trademarks

	 	 	 	 
	Trademarks
	Registered
	Country	Trademark	Reg. No.	Class
	European Community	REALSynergy & Design (Black & White)	6380951	09, 36, 38
	European Community	REALSynergy Logo (Black & White)	6380943	09, 36, 38
	European Community	REALTRANS	1174531	38
	European Community	REALTRANS & Arrow Design	1174515	38
	European Community	REALTRANS.COM	1174440	38
	European Community	WWW.REALTRANS.COM	1174473	38
	Japan	REALSAMM	4690653	09
	Switzerland	REALPORTAL	578928	09, 42
	Switzerland	REALSAMM	578931	09
	Switzerland	REALSERVICING	578930	09, 42
	Switzerland	REALSynergy & Design (Black & White)	569462	09
	Switzerland	REALSynergy Logo (Black & White)	569461	09
	Switzerland	REALTRANS	578929	38
	Taiwan	REALSAMM	092007306	09
	United States of America	REALPORTAL	3333964	09, 42
	United States of America	REALREMIT	3083245	09
	United States of America	REALREMIT	3283741	38
	United States of America	REALREMIT	3493927	35, 36
	United States of America	REALSAMM	2863435	09
	United States of America	REALSERVICING	2813709	09, 42

 

    	Page 4 of 13

    	 

    

	 	 	 	 
	United States of America	REALSYNERGY	2729544	09
	United States of America	REALSynergy & Design (Black & White)	3481637	09
	United States of America	REALSynergy Logo (Black & White)	3334360	09
	United States of America	REALTRANS	2470168	38
	United States of America	WE MAKE YOUR LOANS WORTH MORE	3410572	35, 36
	Benelux	ALTISOURCE*	1179382	09, 35, 36, 38, 39, 42
	Benelux	ALTISOURCE PORTFOLIO SOLUTIONS*	1179383	09, 35, 36, 38, 39, 42
	Pending
	Country	Mark	App. No.	Class
	European Community	THINKING AHEAD. DELIVERING TODAY.	8210155	09, 35, 36, 38, 42
	European Community	REALDOC	8216673	09, 39, 42
	India	THINKING AHEAD. DELIVERING TODAY.	1804060	09, 35, 36, 38, 42
	India	REALDOC	1807108	09, 39, 42
	India	REALPORTAL	1701114	09, 42
	India	REALREMIT	1701116	09, 35, 36, 38
	India	REALSAMM	1701113	09
	India	REALSERVICING	1701115	09, 42
	India	REALSYNERGY	1701111	09
	India	REALSynergy & Design (Black & White)	1613797	09
	India	REALSynergy Logo (Black & White)	1613796	09
	India	REALTRANS	1701112	38
	Norway	THINKING AHEAD. DELIVERING TODAY.	 	09, 35, 36, 38, 42
	Switzerland	THINKING AHEAD. DELIVERING TODAY.	 	09, 35, 36, 38, 42
	Switzerland	REALDOC	506092009	09, 39, 42

 

* Denotes intellectual property that is owned
by Altisource Portfolio Solutions S.A. (formerly known as Altisource Portfolio Solutions S.à r.l., formerly known as Ocwen
Luxembourg S.à r.l.) prior to the Separation. Such intellectual property is being included on this Schedule for clarification
purposes.

 

    	Page 5 of 13

    	 

    

	 	 	 	 
	Switzerland	REALREMIT	583202008	09, 35, 36, 38
	Switzerland	REALSYNERGY	583182008	09
	Turkey	THINKING AHEAD. DELIVERING TODAY.	 	09, 35, 36, 38, 42
	United States of America	HELPING HOMEOWNERS IS WHAT WE DO!	77/103348	35, 36
	United States of America	REALDOC	77/596166	09, 39, 42
	United States of America	THE LEADER IN LOSS MITIGATION!	77/125656	35, 36
	United States of America	THINKING AHEAD. DELIVERING TODAY.	77/593386	09, 35, 36, 38, 42
	Uruguay	THINKING AHEAD. DELIVERING TODAY.	401.096	09, 35, 36, 38, 42
	Benelux	ALTISOURCE PORTFOLIO SOLUTIONS & Design*	1182601	09, 35, 36, 38, 39, 42
	Canada	ALTISOURCE*	1437569	09, 35, 36, 38, 39, 42
	Canada	ALTISOURCE PORTFOLIO SOLUTIONS*	1437570	09, 35, 36, 38, 39, 42
	European Community	ALTISOURCE*	8226177	09, 35, 36, 38, 39, 42, 45
	European Community	ALTISOURCE PORTFOLIO SOLUTIONS*	8226185	09, 35, 36, 38, 39, 42, 45
	India	ALTISOURCE*	Awaiting	09, 35, 36, 38, 39, 42
	India	ALTISOURCE PORTFOLIO SOLUTIONS*	Awaiting	09, 35, 36, 38, 39, 42
	Mauritius	ALTISOURCE*	MUM0909355	09, 35, 36, 38, 39, 42
	Mauritius	ALTISOURCE PORTFOLIO SOLUTIONS*	MUM0909356	09, 35, 36, 38, 39, 42
	Norway	ALTISOURCE*	200904134	09, 35, 36, 38, 39, 42
	Norway	ALTISOURCE PORTFOLIO SOLUTIONS*	200904135	09, 35, 36, 38, 39, 42

 

* Denotes intellectual property that is owned
by Altisource Portfolio Solutions S.A. (formerly known as Altisource Portfolio Solutions S.à r.l., formerly known as Ocwen
Luxembourg S.à r.l.) prior to the Separation.

	 	 	 	 
	Switzerland	ALTISOURCE*	54711/2009	09, 35, 36, 38, 39, 42
	Switzerland	ALTISOURCE PORTFOLIO SOLUTIONS*	54708/2009	09, 35, 36, 38, 39, 42
	Turkey	ALTISOURCE*	Awaiting	09, 35, 36, 38, 39, 42
	Turkey	ALTISOURCE PORTFOLIO SOLUTIONS*	Awaiting	09, 35, 36, 38, 39, 42
	United States of America	ALTISOURCE*	77/726139	09, 35, 36, 38, 39, 42
	United States of America	ALTISOURCE PORTFOLIO SOLUTIONS*	77/726143	09, 35, 36, 38, 39, 42
	Uruguay	ALTISOURCE*	401631	09, 35, 36, 38, 39, 42

 

    	Page 6 of 13

    	 

    

 

Part C to Schedule I of Intellectual Property Agreement:

 

Domain Names

	 
	Domain Names
	alti-ltd.com
	altiportfoliosolutions.com
	alti-ps.com
	altisource.ch
	altisourcelimited.com
	altisource-ltd.com
	altisourceportfoliosolution.com
	altisource-ps.com
	altisource-pslimited.com
	altisourceus.com
	ora-rmsi.com
	pmos-llc.com
	premiumtitleservices.com
	realportal.com
	realremit.com
	realsamm.biz
	realsamm.com
	realservicing.biz
	realservicing.net
	realtrans.biz
	realtrans.com
	realtrans.info
	realtrans.net
	synergysoftware.com
	Alitsourcebid.com
	Alitsourcebid.net
	Alitsourcebid.org
	Alitsourcebid.us
	Alitsourcebid.biz
	Altisourcebid.com
	Altisourcebid.net
	Altisourcebid.org

 

    	Page 7 of 13

    	 

    
 

	Altisourcebid.us
	Altisourcebid.biz
	Altisourcehomes.com
	Altisourcehomes.net
	Altisourcehomes.us
	Altisourcehomes.org
	Altisourcehomes.biz
	Altisource-homes.com
	Altisource-homes.net
	Altisource-homes.us
	Altisource-homes.org
	Altisource-homes.biz
	AltisourceHome.com
	Altisourcehome.net
	Altisourcehome.us
	Altisourcehome.org
	Altisourcehome.biz
	altisource.eu
	altisourceportfoliosolutions.eu
	altisource.lu
	altisourceportfoliosolutions.lu
	altisourceportfoliosolutions.ch
	altisource.in
	altisourceportfoliosolutions.in
	altisource.ca
	altisourceportfoliosolutions.ca
	altisource.com.mx
	altisourceportfoliosolutions.com.mx
	altisource.cn
	altisourceportfoliosolutions.cn
	altisource.tw
	altisourceportfoliosolutions.tw
	altisource.hk
	altisourceportfoliosolutions.hk

 

    	Page 8 of 13

    	 

    
 

	altisource.co.nz
	altisourceportfoliosolutions.co.nz
	altisource.ru
	altisourceportfoliosolutions.ru
	altisource.net
	altisourceportfoliosolutions.net
	altisource.org
	altisourceportfoliosolutions.org
	altisourceportfoliosolution.com
	globalservicingsolutions.com

 

    	Page 9 of 13

    	 

    

 

Part D to Schedule I of Intellectual Property Agreement:

 

Copyrights

	 	 	 
	Registered Copyrights
	Title of Work	Registration No.	Registration Date
	IMAP software	TXu000999586	May 22, 2001

	 	 
	Unregistered Copyrights
	Title of Material	Location
	BROCHURES/GUIDES/PAPERS	 
	Outsourcing for Maximum Returns: Four rules for moving beyond cost cutting to strategic market advantage	http://www.ocwenbusiness.com/BPO/bs_bpo.cfm#
	Hybrid Outsourcing Solutions: A case study on what one top loan originator did to slash underwriting costs	http://www.ocwenbusiness.com/BPO/bs_bpo.cfm#
	Mortgage Industry Outsourcing Survey: What the Mortgage Industry Players Really Think	http://www.ocwenbusiness.com/BPO/bs_bpo.cfm#
	Commercial Outsourcing White Paper	http://www.ocwenbusiness.com/BPO/bs_resources.cfm
	Monthly newsletters	http://www.ocwenbusiness.com/
	Your Guide to Understanding Mortgage	http://www.ocwencustomers.com/documents/pdf/Servicing_Brochure.pdf
	Money Management 101	http://www.ocwencustomers.com/documents/pdf/UandM_Credit.pdf
	Making Timely Mortgage Payments	http://www.ocwencustomers.com/documents/pdf/Timely_Payments.pdf
	Understanding Your Credit Score	http://www.ocwencustomers.com/em_credit_score.cfm
	Ocwen’s 15 Point Loan Servicing Customer Commitment Plan	http://www.ocwencustomers.com/cp_cc.cfm
	Global Servicing Solutions Canada Corp. Secures First Master Servicing Contract	http://www.globalservicingsolutions.com/Press/OCN-08-02f.pdf
	Global Servicing Solutions LLC Establishes Loan and Real Estate Servicing Office in Canada	http://www.globalservicingsolutions.com/Press/ocn1118f.pdf

 

    	Page 10 of 13

    	 

    
 

	Global Servicing Solutions Canada Corp. Receives S&P Commercial Mortgage Servicer Rating	http://www.globalservicingsolutions.com/Press/ocn0223f.pdf
	US - Structured Finance Servicer Evaluation - Commercial Mortgage Servicer : Ocwen	http://www.globalservicingsolutions.com/Press/OcwenV3.pdf
	Ocwen Live Wire Newsletters (June 2007 - October 2007)	http://www.ocwenbusiness.com/documents/doc/June_2007_Livewire.doc;

    http://www.ocwenbusiness.com/documents/doc/July_2007_Livewire.doc;
 http://www.ocwenbusiness.com/documents/doc/August_2007_Livewire.doc;

    http://www.ocwenbusiness.com/documents/doc/September_2007_Livewire.doc;
 http://www.ocwenbusiness.com/documents/doc/October_2007_Livewire.doc
	SOFTWARE	 
	REALTrans	Ocwen-India
	REALSAMM	Ocwen-India
	REALSynergy	Ocwen-India

	 	 
	REALPortal	Ocwen-India
	REALRemit	Ocwen-India
	REALServicing	Ocwen-India
	REALResolution	Ocwen-India
	REALDoc	Ocwen-India
	CIS (Customizable Imaging System)	Ocwen-India
	WEBSITES	 
	globalservicingsolutions.com	 
	ora-rmsi.com	 
	realportal.com	 
	realtrans.com	 

 

    	Page 11 of 13

    	 

    
 

Part E to Schedule I of Intellectual Property Agreement:

 

Trade Secrets

	 
	Trade Secrets
	REALTrans
	ORA Web Portal
	REALB2B
	REALRemit
	REALSAMM
	REALSynergy
	REALPortal
	REALServicing
	REALResolution (including Loss Mitigation, Foreclosure, Bankruptcy, Eviction, Title Resolution, Mortgage Insurance, Accretion, Mortgage Insurance Reporting, LRM, HMP, REO)
	REALDoc
	CIS (Customizable Imaging System)
	Collection Scripting System
	ACCESS Collection System
	Integrated Telephony Solution (includes IVR integration)
	Customer Relationship Expert (CRE)
	Property Manager
	Appraisal Manager (part of REALTrans extension)
	REALBid (Bid, Auction and Listing site)
	Stage V Reporting database and data transformations
	Integrations to Ocwen.com website from REAL applications
	Matrix
	Collateral Management System
	PMO (Project Management Office)
	SharePoint Repository
	Integration of REAL applications with external applications
	Full U.S. application based on 61/064,605 (00153) titled Expense Tracking, Electronic Ordering and Payment System and Method; inventors R. Bulman and S. Blum (due date for filing March 14, 2009)
	Method and System for Collections Optimization (unfiled patent);

 

    	Page 12 of 13

    	 

    
 

	Pre-payment and Default Model (unfiled patent);
	Housing Price Index Model
	AVRM Model
	Behavioral Sciences-Based Call Scripting
	Strategic Tracking and Reporting Dashboard
	Collector Effectiveness Model for Training and Personnel Selection
	Account Scoring Model for Unsecured Collections
	Segmentation Model for Unsecured Collections
	Optimal Resolution Model for Unsecured Collections

 

    	Page 13 of 13

    	 

    

 

SCHEDULE II

 

LICENSED INTELLECTUAL PROPERTY

 

Part A to Schedule II of Intellectual Property Agreement:

 

Patents

	 	 	 	 
	Patents
	Issued
	U.S. PTO Patent No.	Issue Date	Title	Inventors
	7,412,418	8/12/2008	Expense Tracking, Electronic Ordering, Invoice Presentment, and Payment System and Method	William C. Erbey, Russell Bulman, Robert J. Leist, Mary Edgecomb, Donald Vetal, Armand Bonola, Stephanie Hudson, Jeffrey Neufeld, Debra Toussaint-Blackman, Rosemary Weaver, Sandra Blum, Federico Bucspun
	Pending
	Ser. No.	Filing Date	Title	Inventors
	U.S.
 10/918,699	8/16/2004	Method and System for Providing Customer Relations Information	William C. Erbey, Scott Paul Conradson
	U.S.
 10/937,879	9/10/2004	Method and System for Vendor Management	Ralph J. Behmoiras
 William C. Erbey
 Arthur J. Castner
 Christopher Kennedy
 Keith S. Reno
	U.S.
 09/512,845	2/25/2000	Method for Workflow Processing Through Computer Network	Ravi Ramanathan
 Edmund M. Johnson
 Michael A. Graves
	U.S.
 10/408,079	4/4/2003	Method and Apparatus for Providing Selective Access to Information	Scott William Anderson

 

    	Page 1 of 11

    	 

    

	 	 	 	 
	U.S.
 10/102,104	3/19/2002	Management and Reporting System and Process for Use with Multiple Disparate Database	Christopher M. Ruby
 Chase N. Tessman
 Michael R. Langolf
	U.S.
 10/957,689	10/5/2004	Management and Reporting System and Process for Use with Multiple Disparate Database	Christopher M. Ruby
 Chase N. Tessman
 Michael R. Langolf
	U.S.
 11/141,209	6/1/2005	Call Center Services System and method	Dale Pickford
	U.S.
 11/301,247	12/13/2005	Product Optimizer	Christopher Kennedy
 William Erbey
 Bryan `Hurley
	U.S.
 11/727,225	4/4/2003	Method and Apparatus for Providing Selective Access to Information	Scott William Anderson
	U.S.
 11/803,306	5/22/2006	Method and system for Loan Closing	William Erbey
 Christopher
 Kennedy
 Bryan Hurley

	 	 	 	 
	U.S.
 11/802,308	5/22/2007	Method And System For Exchange	William Erbey
 Christopher Kennedy
 Bryan Hurley
 Andrew Combs
	U.S.
 12/111,714	04/29/2008 (parent filing 12/08/2003)	Expense Tracking, Electronic Ordering, Invoice Presentment, and Payment System and Method	William C. Erbey
 Russell Bulman
 Robert J. Leist
 Mary Edgecomb
 Donald Vetal
 Armand Bonola
 Stephanie Hudson
 Jeffrey Neufeld
 Debra Toussaint-Blackman
 Rosemary Weaver
 Sandra Blum
 Federico Bucspun
	U.S.
 12/335,196	12/15/2008	Vendor Assurance	Christopher Kennedy
 Bryan Hurley
	U.S. utility	Unfiled	Method and System for Collections Optimization	William C. Erbey
 Ron Faris
 Ashish Pandey
 Amanjeet Saluja
 Deepak Dhayanithy
 Saurav Chawla
 Seth Carter
	U.S.
 12/334,168	12/12/2008	Ocwen Exchange	Christopher Kennedy

 

    	Page 2 of 11

    	 

    

	 	 	 	 
	U.S.
 12/404,958	3/16/2009	EXPENSE TRACKING, ELECTRONIC ORDERING, INVOICE PRESENTMENT, AND PAYMENT SYSTEM AND METHOD	Russell Bulman; Sandra Blum
	U.S.
 60/163,228	3/25/2009	APPARATUS AND METHOD FOR MODELING LOAN ATTRIBUTES	SALUJA, Amanjeet;
 GUPTA, Ankush;
 DHAYANITHY, Deepak;
 GUGLANI, Raman;
	IN 
 2743 MUM 2008	12/31/2008	Method and System for Collections Optimization	William C. Erbey
 Ron Faris
 Ashish Pandey
 Amanjeet Saluja
 Deepak Dhayanithy
 Saurav Chawla
 Seth Carter
	IN 
 979 MUM 2009	4/15/2009	APPARATUS AND METHOD FOR MODELING LOAN ATTRIBUTES	SALUJA, Amanjeet;
 GUPTA, Ankush; DHAYANITHY, Deepak;
 GUGLANI, Raman;

 

    	Page 3 of 11

    	 

    

 

Part B to Schedule II of Intellectual Property Agreement:

 

Trademarks

	 	 	 	 
	Trademarks
	Registered
	Country	Trademark	Reg. No.	Class
	European Community	REALSynergy & Design (Black & White)	6380951	09, 36, 38
	European Community	REALSynergy Logo (Black & White)	6380943	09, 36, 38
	European Community	REALTRANS	1174531	38
	European Community	REALTRANS & Arrow Design	1174515	38
	European Community	REALTRANS.COM	1174440	38
	European Community	WWW.REALTRANS.COM	1174473	38
	Japan	REALSAMM	4690653	09
	Switzerland	REALPORTAL	578928	09, 42
	Switzerland	REALSAMM	578931	09
	Switzerland	REALSERVICING	578930	09, 42
	Switzerland	REALSynergy & Design (Black & White)	569462	09
	Switzerland	REALSynergy Logo (Black & White)	569461	09
	Switzerland	REALTRANS	578929	38
	Taiwan	REALSAMM	092007306	09
	United States of America	REALPORTAL	3333964	09, 42
	United States of America	REALREMIT	3083245	09
	United States of America	REALREMIT	3283741	38
	United States of America	REALREMIT	3493927	35, 36
	United States of America	REALSAMM	2863435	09
	United States of America	REALSERVICING	2813709	09, 42

 

    	Page 4 of 11

    	 

    

	 	 	 	 
	United States of America	REALSYNERGY	2729544	09
	United States of America	REALSynergy & Design (Black & White)	3481637	09
	United States of America	REALSynergy Logo (Black & White)	3334360	09
	United States of America	REALTRANS	2470168	38
	United States of America	WE MAKE YOUR LOANS WORTH MORE	3410572	35, 36
	Pending
	Country	Mark	App. No.	Class
	European Community	THINKING AHEAD. DELIVERING TODAY.	8210155	09, 35, 36, 38, 42
	European Community	REALDOC	8216673	09, 39, 42
	India	THINKING AHEAD. DELIVERING TODAY.	1804060	09, 35, 36, 38, 42
	India	REALDOC	1807108	09, 39, 42
	India	REALPORTAL	1701114	09, 42
	India	REALREMIT	1701116	09, 35, 36, 38
	India	REALSAMM	1701113	09
	India	REALSERVICING	1701115	09, 42
	India	REALSYNERGY	1701111	09
	India	REALSynergy & Design (Black & White)	1613797	09
	India	REALSynergy Logo (Black & White)	1613796	09
	India	REALTRANS	1701112	38
	Norway	THINKING AHEAD. DELIVERING TODAY.	 	09, 35, 36, 38, 42
	Switzerland	THINKING AHEAD. DELIVERING TODAY.	 	09, 35, 36, 38, 42
	Switzerland	REALDOC	506092009	09, 39, 42
	Switzerland	REALREMIT	583202008	09, 35, 36, 38
	Switzerland	REALSYNERGY	583182008	09
	Turkey	THINKING AHEAD. DELIVERING TODAY.	 	09, 35, 36, 38, 42
	United States of America	HELPING HOMEOWNERS IS WHAT WE DO!	77/103348	35, 36
	United States of America	REALDOC	77/596166	09, 39, 42
	United States of America	THE LEADER IN LOSS MITIGATION!	77/125656	35, 36
	United States of America	THINKING AHEAD. DELIVERING TODAY.	77/593386	09, 35, 36, 38, 42
	Uruguay	THINKING AHEAD. DELIVERING TODAY.	401.096	09, 35, 36, 38, 42

 

    	Page 5 of 11

    	 

    

	 	 
	Unregistered
 Trademarks	Location
	RECOVER MORE!	http://www.ocwenbusiness.com/nci.cfm#,
 http://www.ocwenbusiness.com/
	CLOSE MORE LOANS!	http://www.ocwenbusiness.com/bs_loanprocessing.cfm,
 http://www.ocwenbusiness.com/
	 	 
		http://www.globalservicingsolutions.com/
	 	 
	GLOBAL SERVICING SOLUTIONS	http://www.globalservicingsolutions.com/
	GLOBAL EXPERIENCE ... LOCAL EXPERTISE	http://www.globalservicingsolutions.com/
	REALSynergyPLUS	http://www.globalservicingsolutions.com/technology.html
	REALResolution	http://www.ocwenbusiness.com/documents/pdf/Moody_s.pdf

 

    	Page 6 of 11

    	 

    

 

Part C to Schedule II of Intellectual Property Agreement:

 

Domain Names

	 
	Domain Names
	ora-rmsi.com
	pmos-llc.com
	premiumtitleservices.com
	realportal.com
	realremit.com
	realsamm.biz
	realsamm.com
	realservicing.biz
	realservicing.net
	realtrans.biz
	realtrans.com
	realtrans.info
	realtrans.net
	synergysoftware.com

 

    	Page 7 of 11

    	 

    

 

Part D to Schedule II of Intellectual Property Agreement:

 

Copyrights

	 	 	 
	Registered Copyrights
	Title of Work	Registration No.	Registration Date
	IMAP software	TXu000999586	May 22, 2001

	 	 
	Unregistered Copyrights
	Title of Material	Location
	BROCHURES/GUIDES/PAPERS	 
	Outsourcing for Maximum Returns: Four rules for moving beyond cost cutting to strategic market advantage	http://www.ocwenbusiness.com/BPO/bs_bpo.cfm#
	Hybrid Outsourcing Solutions: A case study on what one top loan originator did to slash underwriting costs	http://www.ocwenbusiness.com/BPO/bs_bpo.cfm#
	Mortgage Industry Outsourcing Survey: What the Mortgage Industry Players Really Think	http://www.ocwenbusiness.com/BPO/bs_bpo.cfm#
	Commercial Outsourcing White Paper	http://www.ocwenbusiness.com/BPO/bs_resources.cfm
	Monthly newsletters	http://www.ocwenbusiness.com/
	Your Guide to Understanding Mortgage	http://www.ocwencustomers.com/documents/pdf/Servicing_Brochure.pdf
	Money Management 101	http://www.ocwencustomers.com/documents/pdf/UandM_Credit.pdf
	Making Timely Mortgage Payments	http://www.ocwencustomers.com/documents/pdf/Timely_Payments.pdf
	Understanding Your Credit Score	http://www.ocwencustomers.com/em_credit_score.cfm
	Ocwen’s 15 Point Loan Servicing Customer Commitment Plan	http://www.ocwencustomers.com/cp_cc.cfm
	Global Servicing Solutions Canada Corp. Secures First Master Servicing Contract	http://www.globalservicingsolutions.com/Press/OCN-08-02f.pdf
	Global Servicing Solutions LLC Establishes Loan and Real Estate Servicing Office in Canada	http://www.globalservicingsolutions.com/Press/ocn1118f.pdf

 

    	Page 8 of 11

    	 

    

 

	Global Servicing Solutions Canada Corp. Receives S&P Commercial Mortgage Servicer Rating	http://www.globalservicingsolutions.com/Press/ocn0223f.pdf
	US - Structured Finance Servicer Evaluation - Commercial Mortgage Servicer : Ocwen	http://www.globalservicingsolutions.com/Press/OcwenV3.pdf
	Ocwen Live Wire Newsletters (June 2007 - October 2007)	http://www.ocwenbusiness.com/documents/doc/June_2007_Livewire.doc;
 http://www.ocwenbusiness.com/documents/doc/July_2007_Livewire.doc;
 http://www.ocwenbusiness.com/documents/doc/August_2007_Livewire.doc;
 http://www.ocwenbusiness.com/documents/doc/September_2007_Livewire.doc;
 http://www.ocwenbusiness.com/documents/doc/October_2007_Livewire.doc
	SOFTWARE	 
	REALTrans	Ocwen-India
	REALSAMM	Ocwen-India
	REALSynergy	Ocwen-India

	 	 
	REALPortal	Ocwen-India
	REALRemit	Ocwen-India
	REALServicing	Ocwen-India
	REALResolution	Ocwen-India
	REALDoc	Ocwen-India
	CIS (Customizable Imaging System)	Ocwen-India
	WEBSITES	 
	globalservicingsolutions.com	 
	ora-rmsi.com	 
	realportal.com	 
	realtrans.com	 

 

    	Page 9 of 11

    	 

    

 

Part E to Schedule II of Intellectual Property Agreement:

 

Trade Secrets

	 
	Trade Secrets
	REALTrans
	ORA Web Portal
	REALB2B
	REALRemit
	REALSAMM
	REALSynergy
	REALPortal
	REALServicing
	REALResolution (including Loss Mitigation, Foreclosure, Bankruptcy, Eviction, Title Resolution, Mortgage Insurance, Accretion, Mortgage Insurance Reporting, LRM, HMP, REO)
	REALDoc
	CIS (Customizable Imaging System)
	Collection Scripting System
	ACCESS Collection System
	Integrated Telephony Solution (includes IVR integration)
	Customer Relationship Expert (CRE)
	Property Manager
	Appraisal Manager (part of REALTrans extension)
	REALBid (Bid, Auction and Listing site)
	Stage V Reporting database and data transformations
	Integrations to Ocwen.com website from REAL applications

 

    	Page 10 of 11

    	 

    
 

	Matrix
	Collateral Management System
	PMO (Project Management Office)
	SharePoint Repository
	Integration of REAL applications with external applications
	Full U.S. application based on 61/064,605 (00153) titled Expense Tracking, Electronic Ordering and Payment System and Method; inventors R. Bulman and S. Blum (due date for filing March 14, 2009)
	Method and System for Collections Optimization (unfiled patent);
	Pre-payment and Default Model (unfiled patent);
	Housing Price Index Model
	AVRM Model
	Behavioral Sciences-Based Call Scripting
	Strategic Tracking and Reporting Dashboard
	Collector Effectiveness Model for Training and Personnel Selection
	Account Scoring Model for Unsecured Collections
	Segmentation Model for Unsecured Collections
	Optimal Resolution Model for Unsecured Collections

 

    	Page 11 of 11Exhibit 10.5

 

FIRST AMENDMENT TO
Support SERVICES AGREEMENT

 

This First Amendment
to Support Services Agreement (the “First Amendment”) is entered into as of October 1, 2012, and amends that certain
Support Services Agreement dated August 10, 2012 (the “Agreement”) 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”).

 

Recitals

 

WHEREAS, pursuant
to the Agreement, Ocwen was to provide certain services to Altisource and Altisource was to provide certain services to Ocwen;
and

 

WHEREAS, Ocwen and
Altisource now desire to amend Schedule I and Schedule II
to the Support Services Agreement, as set forth below.

 

Agreement

 

NOW, THEREFORE, in
consideration of the mutual covenants made herein, and for other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto hereby agree as follows:

 

1.          Amendment
to Schedule I to the Support Services Agreement. Schedule
I to the Support Services Agreement is hereby deleted in its entirety and replaced with the version of Schedule
I attached to this First Amendment and incorporated herein by this reference.

 

2.          Amendment
to Schedule II to the Support Services Agreement. Schedule
II to the Support Services Agreement is hereby deleted in its entirety and replaced with the version of Schedule
II attached to this First Amendment and incorporated herein by this reference.

 

3.          Counterparts.
This First Amendment may be signed in counterparts with the same effect as if both parties had signed one and the same document.

 

4.          Agreement
in Full Force and Effect as Amended. The terms and conditions of this First Amendment shall prevail over any conflicting
terms and conditions in the Agreement. Capitalized terms that are used in this First Amendment not otherwise defined herein shall
have the meanings ascribed to them in the Agreement. Except as specifically amended or waived hereby, all of the terms and conditions
of the Agreement shall remain in full force and effect. All references to the Agreement in any other document or instrument shall
be deemed to mean the Agreement as amended by this First Amendment. The parties hereto agree to be bound by the terms and obligations
of the Agreement, as amended by this First Amendment, as though the terms and obligations of the Agreement were set forth herein.

 

    	Page 1
                                                                                                                                                                                                    of 2

    	 

    
 

IN WITNESS WHEREOF, the parties
have caused this First Amendment to be executed as of the date first written above by their duly authorized representatives.

 

	 	OCWEN MORTGAGE SERVICING, INC.
	 	 	 
	 	By 	/s/ John V. Britti
	 	 	Name: John V. Britti
	 	 	Title: Executive Vice President, Chief Financial

Officer, Treasurer
	 	 	 
	 	ALTISOURCE SOLUTIONS S.À R.L.
	 	 	 
	 	By 	/s/ William B. Shepro
	 	 	Name: William B. Shepro
	 	 	Title: Manager

 

    	Page 2
                                                                                                                                                                                                    of 2

    	 

    
 

SCHEDULE I

 

OCWEN-PROVIDED SERVICES

 

	Services Provided	Service Period	Service Fee
	FINANCE AND ACCOUNTING	the Term	Fully Allocated Cost
	Services Provided:	 	 
	·	Corporate Accounting	 	 
	·	Accounts Payables	 	 
	·	Accounts Receivables	 	 
	·	Corporate Secretary Support 	 	 
	·	Financial Reporting	 	 
	·	Payroll Services	 	 
	·	Tax	 	 
	·	Treasury 		
	HUMAN RESOURCES	the Term	Fully Allocated Cost
	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	 	 

 

Schedule I to
the Support Services Agreement (as amended by the “First Amendment to Support Services Agreement” dated as of October 1, 2012).

 

Replaces original Schedule
I to “Support Services Agreement” dated August 10, 2012.

 

    	Page
                                                                                                                                                                                                    1
                                                                                                                                                                                                    of
                                                                                                                                                                                                    2
                                                                                                                                                                                                    of
                                                                                                                                                                                                    Schedule
                                                                                                                                                                                                    I

    	 

    

 

	Services Provided	Service Period	Service Fee
	 	 	 
	LAW	the Term	Fully Allocated Cost
	Services Provided:	 	 
	·	Contract Review Services	 	 
	·	Corporate Governance Services	 	 
	·	Intellectual Property Maintenance Services	 	 
	·	Litigation Management	 	 
	·	Regulatory Compliance Services		
	RISK MANAGEMENT	the Term	Fully Allocated Cost
	Services Provided:	 	 
	·	Internal Audit	 	 
	·	SOX Compliance and SAS 70	 	 
	·	Business continuity and SAS 70	 	 
	·	Six Sigma		
	OTHER OPERATIONS SUPPORT	the Term	Fully Allocated Cost
	Services Provided:	 	 
	·	Capital Markets	 	 
	·	Modeling	 	 
	·	Quantitative Analytics	 	 
	·	General Business Consulting 	 	 
	·	Business Development		

 

Schedule I to
the Support Services Agreement (as amended by the “First Amendment to Support Services Agreement” dated as of October 1, 2012).

 

Replaces original Schedule
I to “Support Services Agreement” dated August 10, 2012.

 

    	Page
                                                                                                                                                                                                    2
                                                                                                                                                                                                    of
                                                                                                                                                                                                    2
                                                                                                                                                                                                    of
                                                                                                                                                                                                    Schedule
                                                                                                                                                                                                    I

    	 

    

 

SCHEDULE II

 

ALTISOURCE-PROVIDED SERVICES

 

	Services Provided	Service Period	Service Fee
	CONSUMER PSYCHOLOGY	the Term	Fully Allocated Cost
	Services Provided:	 	 
	·	Scripting Support	 	 
	·	Staffing Models	 	 
	·	Training Development	 	 
	·	User and Task Analysis 	 	 
	CORPORATE SERVICES	the Term	Fully Allocated Cost
	Services Provided:	 	 

	·	Facilities Management	 	 
	·	Mailroom Support	 	 
	·	Physical Security	 	 
	·	Travel Services	 	 

	FINANCE AND ACCOUNTING	the Term	Fully Allocated Cost
	Services Provided:	 	 
	·	Accounting Services and Reporting	 	 
	·	Accounts Payables	 	 
	·	Accounts Receivables	 	 
	·	Corporate Secretary Support 	 	 
	·	Financial Reporting	 	 
	·	Payroll Services	 	 
	·	Tax	 	 
	·	Treasury	 	 

 

Schedule II to
the Support Services Agreement (as amended by the “First Amendment to Support Services Agreement” dated as of October 1, 2012).

 

Replaces original Schedule
II to “Support Services Agreement” dated August 10, 2012.

 

    	Page
                                                                                                                                                                                                    1
                                                                                                                                                                                                    of
                                                                                                                                                                                                    3
                                                                                                                                                                                                    of
                                                                                                                                                                                                    Schedule
                                                                                                                                                                                                    II

    	 

    
 

	Services Provided	Service Period	Service
    Fee
	HUMAN RESOURCES	the Term	Fully Allocated Cost
	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	 	 
	RISK MANAGEMENT	the Term	Fully Allocated Cost
	Services Provided:	 	 

	·	Internal Audit	 	 
	·	SOX Compliance and SAS 70	 	 
	·	Business continuity and SAS 70	 	 
	·	Six Sigma	 	 

 

Schedule II to
the Support Services Agreement (as amended by the “First Amendment to Support Services Agreement” dated as of October 1, 2012).

 

Replaces original Schedule
II to “Support Services Agreement” dated August 10, 2012.

 

    	Page
                                                                                                                                                                                                    2
                                                                                                                                                                                                    of
                                                                                                                                                                                                    3
                                                                                                                                                                                                    of
                                                                                                                                                                                                    Schedule
                                                                                                                                                                                                    II

    	 

    

 

	Services Provided	Service Period	Service
    Fee
	OTHER OPERATIONS SUPPORT	the Term	Fully Allocated Cost
	Services Provided:	 	 
	·	Capital Markets	 	 
	·	Modeling	 	 
	·	Quantitative Analytics	 	 
	·	General Business Consulting 	 	 
	·	Business Development 	 	 

 

Schedule II to
the Support Services Agreement (as amended by the “First Amendment to Support Services Agreement” dated as of October 1, 2012).

 

Replaces original Schedule
II to “Support Services Agreement” dated August 10, 2012.

 

Page 3 of 3 of Schedule II

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]