Document:

EX-10.4 FORM OF INTELLECTUAL PROPERTY AGREEMENT

Exhibit 10.4

INTELLECTUAL PROPERTY AGREEMENT 

     This
AGREEMENT made this ___ day of _______________, by and between OCWEN FINANCIAL
CORPORATION, a Florida corporation (“OFC”) and ALTISOURCE SOLUTIONS S.à r.l., a private
limited liability company organized under the laws of the Grand Duchy of Luxembourg,
(“ALTISOURCE S.à r.l.”).

RECITALS

     WHEREAS, OFC and Altisource Portfolio Solutions S.A. (formerly known as Altisource Portfolio
Solutions S.à r.l., formerly known as Ocwen Luxembourg S.à r.l.), the sole parent of ALTISOURCE S.à
r.l. (“ALTISOURCE Parent”), are parties to a Separation Agreement dated as of [____________],
2009 (the “Separation Agreement”), pursuant to which OCWEN will (i) separate the ALTISOURCE
Business (as defined in the Separation Agreement) and (ii) distribute (the “Separation”) to
the holders of shares of OCWEN’s outstanding capital stock all of the outstanding capital stock of
ALTISOURCE Parent;

     WHEREAS, following the Separation, ALTISOURCE (as defined below) will operate the ALTISOURCE
Business, and OCWEN (as defined below) will operate the OCWEN Business (as defined in the
Separation Agreement);

     WHEREAS, as part of the separation of the ALTISOURCE Business pursuant to the Separation
Agreement, OCWEN is to contribute the ALTISOURCE IP (as defined below) to ALTISOURCE;

     WHEREAS, pursuant to the Separation Agreement, this Intellectual Property Agreement (this
"Agreement”) will govern the contribution of the ALTISOURCE IP to ALTISOURCE;

     WHEREAS, in addition to this Agreement and the Separation Agreement, OCWEN and ALTISOURCE are
also entering into a Transition Services Agreement, a Services Agreement, and a Technology Products
Services Agreement (collectively, the “Services Agreements”), by which ALTISOURCE will
provide various services to OCWEN (and, in the case of the Transition Services Agreement, OCWEN
will provide certain services to ALTISOURCE); and

     WHEREAS, pursuant to the Separation Agreement, this Agreement shall govern the licensing of
the Licensed Intellectual Property and the OCWEN IP, both as defined below, necessary for the
Parties to enjoy the services to be provided under the Services Agreements.

     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 agree as follows:

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    1. Definitions

    a) Capitalized terms used herein and not otherwise defined have the meanings given to
such terms in the Separation Agreement.

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

     "Agreement” means this Intellectual Property Agreement, including schedules and
exhibits hereto.

     "ALTISOURCE” shall mean ALTISOURCE Parent 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 to be owned by ALTISOURCE
following the Separation and includes, but is not limited to, the Intellectual Property set forth
on Schedule I hereto.

     "ALTISOURCE Parent” shall have the meaning set forth in the recitals hereof.

     "ALTISOURCE S.à r.l.” shall have the meaning set forth in the preamble hereof.

     "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.

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

     "Effective Date” means the Separation Date.

     "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.

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     "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 to this Agreement, 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.

     "Licensee” shall mean the Party who has been granted a right to use the other Party’s
Intellectual Property.

     "Licensor” shall mean the Party who has granted the other Party a right to use its
Intellectual Property.

     "OCWEN” shall mean OFC and the members of the OCWEN Group.

     "OCWEN Competitor” means any Person (other than OCWEN), together with its Affiliates,
that provides residential loan servicing services in the United States. 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.

     "OCWEN IP” shall mean any Intellectual Property owned by OCWEN following the
Separation and used in conjunction with any services provided by OCWEN to ALTISOURCE under the
Transition Services Agreement.

     "OFC” shall have the meaning set forth in the preamble hereof.

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

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

     "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 the “ALTISOURCE-Provided Services” as defined in the Transition
Services Agreement, the “Services” as defined in the Service Agreement and the “Services” as
defined in the Technology Products Services Agreement.

     "Software Change of Control” means at any time, with respect to ALTISOURCE, the
occurrence of any of the following: (a) ALTISOURCE transfers all or substantially all of its 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, in either case to an OCWEN Competitor, 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 of Altisource S.à r.l. or Altisource Parent then outstanding, 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 S.à r.l. or ALTISOURCE Parent such that the nominees so
elected (regardless of when elected) shall collectively constitute a majority of the board of
directors of ALTISOURCE S.à r.l. or ALTISOURCE Parent.

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

     "Territory” means the United States and its territories.

    2. Transfer of ALTISOURCE IP

    a) OCWEN will Transfer or cause to be Transferred all right, title and interest in and
to the ALTISOURCE IP owned by OCWEN to ALTISOURCE effective on the Effective Date free and
clear of all liens and encumbrances. To accomplish this, OCWEN will execute an assignment
in form substantially similar to that attached hereto as Exhibit A, including all exhibits
thereto.

    b) Upon the request of ALTISOURCE, OCWEN, on its own behalf and on behalf of the
members of the OCWEN Group, will execute or cause to be executed such further documents and
will do such further acts or will cause such further acts to be done as are necessary to
accomplish the full and complete Transfer of all ALTISOURCE IP to ALTISOURCE.

    c) The Parties will cooperate with one another to the extent necessary to accomplish
the full and complete Transfer of ALTISOURCE IP to ALTISOURCE, including the recordation of
all appropriate documents reflecting ALTISOURCE’s

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    ownership of the ALTISOURCE IP with government agencies having jurisdiction over such
matters.

    d) Section 2.08 of the Separation Agreement concerning “Inadvertent or Incorrect
Transfers or Omissions of Assets or Liabilities” shall apply to the transfer of the
ALTISOURCE IP to ALTISOURCE.

    3. 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 enjoyment of any other Services being provided by ALTISOURCE for the
benefit of OCWEN at the time of cessation or in the future.

    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 which, directly or indirectly, may reduce the value of the Licensed
Intellectual Property or detract from them or the reputation of ALTISOURCE;

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    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 otherwise directed by
ALTISOURCE;

    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.

    4. OCWEN Grant of License; Reservation of Rights

    a) OCWEN hereby grants and confirms to ALTISOURCE the non-exclusive license and
non-exclusive right to use that portion of OCWEN IP necessary to use and enjoy the services
OCWEN is to provide ALTISOURCE under the Transition Services Agreement or otherwise
necessary for ALTISOURCE to perform its mortgage services, financial services or technology
products operations, for itself and for the ALTISOURCE

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Group, 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 OCWEN solely to
the extent necessary for OCWEN to perform its obligations to supply any services to
ALTISOURCE, subject to OCWEN’s rights of approval and control under this Agreement, which
approval will not be unreasonably delayed or withheld.

    b) To the extent that OCWEN ceases to provide any particular services to ALTISOURCE,
the license granted hereunder for the OCWEN IP pertinent to such services will likewise
cease, unless and to the extent that the same OCWEN IP is required for ALTISOURCE’s
enjoyment of any other services being provided by OCWEN for the benefit of ALTISOURCE at the
time of cessation or in the future.

    c) The Parties agree that it is critical that the OCWEN IP be protected and enhanced,
and toward this end, ALTISOURCE agrees, both during the Term and thereafter, not to:

    i) combine any name or names, service marks, or trademarks with any marks included
in the OCWEN IP;

    ii) use any other name or names, service marks, or trademarks in association with
any marks among the OCWEN IP in any advertising, promotion, publicity, labeling,
packaging or printed matter of any kind utilized by ALTISOURCE without OCWEN’s prior
express written consent;

    iii) do or suffer to be done any act that may in any way adversely affect any
rights of OCWEN in and to the OCWEN IP or any registrations thereof or which, directly
or indirectly, may reduce the value of the OCWEN IP or detract from them or the
reputation of OCWEN.

    iv) challenge the title or rights of OCWEN in or to the OCWEN IP;

    v) apply to register or maintain any application or registration respecting the
OCWEN IP or any other mark or domain name confusingly similar to any marks included in
the OCWEN IP, except with the consent and direction of OCWEN and in the name of OCWEN,
unless otherwise directed by OCWEN;

    vi) use any colorable imitation of any of the marks included in the OCWEN IP or any
variant form (including variant design forms, logos, colors, or type styles) not
specifically approved by OCWEN; or

    vii) misuse the OCWEN IP or take any action that would tend to destroy or diminish
the value of the OCWEN IP.

    viii) make use of any technology contained within the OCWEN IP beyond the internal
enjoyment and exploitation of the services to be provided to ALTISOURCE by OCWEN.

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    d) The Parties agree that all use by ALTISOURCE of the OCWEN IP under the terms of this
Agreement inures to the benefit of OCWEN.

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

    f) OCWEN reserves all rights in and to the OCWEN IP, and OCWEN may exercise such rights
at any time. In that regard, nothing herein shall be deemed to prevent OCWEN, at any time,
from using and granting to third parties the right to use the OCWEN IP.

    g) Nothing herein shall be deemed to be a grant to ALTISOURCE of the right to use or
exploit any OCWEN IP beyond that licensed hereunder.

    5. Royalties

    a) In consideration of the rights granted to the respective Parties under this
Agreement, each Party shall provide reports and pay the other Party the royalties set forth
in that certain fee letter between OCWEN and ALTISOURCE dated as of the date hereof (the
“IP Fee Letter”).

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

    6. Term and Renewal

    Subject to the provisions of Sections 3(b), 4(b) and 11, this Agreement will survive
for the Initial Term and will automatically renew for four two-year increments following the
Initial 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.

    7. 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

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business reputation of the Parties and the goodwill associated with such marks.
Accordingly, in order to maintain the respective Parties’ reputation for quality, the
Licensee will provide products and/or services under the licensed marks of a quality no less
than its current quality. And all promotional material utilizing the licensed marks must be
approved in writing by the Licensor prior to use.

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

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

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

    e) The Licensee shall be permitted to use any designs, materials, packages, labels,
promotional materials and advertising materials in relation to any goods or services
approved by the Licensor; 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, the Licensee shall obtain the written approval
of the Licensor (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.

    8. Advertising and Promotion

The Licensee shall provide to the Licensor, free of charge for its permanent archives,
copies or representative samples of all advertising and promotional materials bearing any
licensed marks.

    9. 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.

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    b) ALTISOURCE acknowledges that OCWEN is the owner of all right, title and interest in
and to the OCWEN IP and is also the owner of the goodwill related to or that shall become
related to the marks included in the OCWEN IP.

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

    d) The Licensee shall use the licensed Intellectual Property strictly in compliance
with the legal requirements obtaining in 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 the Licensee to the rights of the Licensor in the licensed
Intellectual Property or any attempt to register licensed Intellectual Property in the
Licensee’s or any other party’s name shall be deemed a material and incurable default
hereunder.

    f) OCWEN, pursuant to Section 3, 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 Licensed Intellectual Property.

    g) ALTISOURCE, pursuant to Section 4, shall not use, and shall not cause or permit any
third party to use, the OCWEN IP 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 OCWEN IP.

    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.

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    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.

    j) Within 120 days of the date hereof, 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 material 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.

    10. 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 (“Disclosing Party”)
            shares Confidential Information with the other Party (“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

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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.

    11. 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 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.

    12. 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) If this Agreement is terminated for any cause or no cause or expires, all rights to
use the OCWEN IP granted under this Agreement shall forthwith revert to

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OCWEN, and ALTISOURCE 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 OCWEN IP, including no right to use, sell, ship,
market, or distribute products, services, or promotional materials bearing the marks
contained in the OCWEN IP, unless they have received the prior written approval of OCWEN.
All materials bearing the marks contained in the OCWEN IP and all copies of materials
embodying or incorporating the OCWEN IP shall be destroyed or disposed of in a manner
authorized by OCWEN. Upon OCWEN’s request, ALTISOURCE shall provide evidence satisfactory
to OCWEN of destruction or other disposition of such materials and things. ALTISOURCE must
do all things necessary to withdraw all filings that reflect ALTISOURCE as a registered,
licensed, or authorized user of any OCWEN IP.

    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 a Licensor shall become immediately due and
payable.

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

    c) Each Licensee agrees to notify the Licensor promptly in writing in the event it
becomes aware of any third party infringing, misusing, or otherwise violating any of the
rights of the Licensor in its Intellectual Property, or who the Licensee believes is,

13

 

or may be infringing, diluting, or otherwise derogating the Intellectual Property of
the Licensor. The Licensor 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. The Licensee agrees to cooperate promptly and fully with any such
effort, provided, however, that the Licensor shall reimburse the Licensee for all of its
out-of-pocket expenses, not including attorneys’ fees, incurred as a result of such
assistance.

    14. Dispute Resolution.

    a) 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 30 days of the Escalation Notice.

    15. 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

14

 

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.

    16. Representations and Warranties

    a) 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:

    i) 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; and

    ii) this Agreement will be on or prior to the Separation Date duly executed and
delivered by it and constitutes, or will constitute, a valid and binding agreement of it
enforceable in accordance with the terms thereof.

    17. DISCLAIMERS OF WARRANTIES

    a) 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

15

 

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.

    b) EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, OCWEN HAS NOT MADE, AND IS NOT
MAKING, ANY REPRESENTATION OR WARRANTY TO ALTISOURCE, INCLUDING WITH RESPECT TO THE OCWEN
IP, THE ALTISOURCE IP, THE SERVICES IT WILL PROVIDE TO ALTISOURCE, OR THE PROSPECTS OF THE
BUSINESS TO BE CONDUCTED BY ALTISOURCE. EXCEPT AS EXPRESSLY WARRANTED HEREIN, OCWEN
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. OCWEN
DOES NOT WARRANT THAT ANY SOFTWARE OR SERVICES COVERED UNDER THIS AGREEMENT WILL MEET ALL OF
ALTISOURCE’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. OCWEN HAS NOT AUTHORIZED AND DOES NOT AUTHORIZE ANYONE TO MAKE
ANY WARRANTIES ON OCWEN’S BEHALF.

    18. 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, THE

16

 

LICENSED INTELLECTUAL PROPERTY, THE OCWEN IP, OR THE ALTISOURCE IP, EVEN IF THE PARTY HAS
BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGES.

    19. 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 a Licensee does not make any payment required under the provisions
of this Agreement to a Licensor when due in accordance with the terms hereof, the Licensor
may, at its option, charge the Licensee interest on the unpaid amount at the rate of 2% per
annum above the prime rate charged by JPMorgan Chase Bank, N.A. (or its successor). In
addition, the Licensee shall reimburse the Licensor 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.

    20. Miscellaneous

    a) Counterparts; Entire Agreement; Corporate Power.

    i) This Agreement and each other Ancillary 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 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.

    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,

17

 

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 9j 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 20(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 telecopier (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 fax 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 Financial Corporation

1661 Worthington Road, Suite 100

West Palm Beach, Florida 33409

Attn: Corporate Secretary

Fax No.: (561) 471-4264

 

If to ALTISOURCE to:

 

Altisource Solutions S.à r.l.

2-8 Avenue Charles De Gaulle

L-1653 Luxembourg

Attn: Corporate Secretary

Fax No.: [             
        ]

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

    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

18

 

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, 3, 4, 7b, 8, 9, 10, 12, 13, 14, 15, 16, 17, 18, 19, and
20 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 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

19

 

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.

    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 months after that Party becomes aware
of the cause of action or one 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 none of the
Parties 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 any 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

20

 

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 and Exhibit A 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.

* * * * * *

21

 

     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 FINANCIAL CORPORATION

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ALTISOURCE SOLUTIONS S.à R.L.

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

22

 

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	 
	 

23

 

 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Pending	 
	 	Ser. No.	 	 	Filing Date	 	 	Title	 	 	Inventors	 
	 	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	 
	 

24

 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Pending	 
	 	Ser. No.	 	 	Filing Date	 	 	Title	 	 	Inventors	 
	 	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	 
	 

25

 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Pending	 
	 	Ser. No.	 	 	Filing Date	 	 	Title	 	 	Inventors	 
	 	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;	 
	 

26

 

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	 
	 	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	 
	 

27

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	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	 
	 

 

			
	*	 	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.

28

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Pending	 
	 	Country	 	 	Mark	 	 	App. No.	 	 	Class	 
	 	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	 
	 	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	 
	 

 

			
	*	 	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.

29

 

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	 	 	 
	 

	 	 	 	 	 
	 

	 	 	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	 	 	 
	 

	 	 	 	 	 

30

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 
	 

	 	 	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	 	 	 
	 

	 	 	 	 	 
	 

	 	 	altisource.co.nz	 	 	 
	 

	 	 	 	 	 
	 

	 	 	altisourceportfoliosolutions.co.nz	 	 	 
	 

	 	 	 	 	 
	 

	 	 	altisource.ru	 	 	 
	 

	 	 	 	 	 
	 

	 	 	altisourceportfoliosolutions.ru	 	 	 
	 

	 	 	 	 	 
	 

	 	 	altisource.net	 	 	 
	 

	 	 	 	 	 
	 

	 	 	altisourceportfoliosolutions.net	 	 	 
	 

	 	 	 	 	 
	 

	 	 	altisource.org	 	 	 
	 

	 	 	 	 	 
	 

	 	 	altisourceportfoliosolutions.org	 	 	 
	 

	 	 	 	 	 
	 

	 	 	altisourceportfoliosolution.com	 	 	 
	 

	 	 	 	 	 
	 

	 	 	globalservicingsolutions.com	 	 	 
	 

	 	 	 	 	 

31

 

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	 
	 

32

 

	 	 	 	 	 	 
	 
	 	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	 
	 	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/June2007_Livewire.doc;
http://www.ocwenbusiness.com/documents/doc/July2007_Livewire.doc;
http://www.ocwenbusiness.com/documents/doc/August2007_Livewire.doc;
http://www.ocwenbusiness.com/documents/doc/September2007_Livewire.doc;
http://www.ocwenbusiness.com/documents/doc/October2007_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
	 	 	 	 
	 

33

 

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);	 	 	 
	 

	 	 	 	 	 
	 

	 	 	Pre-payment and Default Model (unfiled patent);	 	 	 
	 

	 	 	 	 	 
	 

	 	 	Housing Price Index Model	 	 	 
	 

	 	 	 	 	 
	 

	 	 	AVRM Model	 	 	 
	 

	 	 	 	 	 
	 

	 	 	Behavioral sciences-based call
scripting	 	 	 
	 

	 	 	 	 	 
	 

	 	 	Strategic tracting 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	 	 	 
	 

	 	 	 	 	 

34

 

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	 
	 

35

 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Pending	 
	 	Ser. No.	 	 	Filing Date	 	 	Title	 	 	Inventors	 
	 	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 KennedyWilliam

ErbeyBryan 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	 
	 

36

 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Pending	 
	 	Ser. No.	 	 	Filing Date	 	 	Title	 	 	Inventors	 
	 	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	 
	 

37

 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Pending	 
	 	Ser. No.	 	 	Filing Date	 	 	Title	 	 	Inventors	 
	 	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;	 
	 

38

 

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	 
	 	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	 
	 

39

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	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	 
	 	 

	 	 	 	 	 	 	 	 	 	 	09 , 35 , 36 , 38 ,	 
	 	Norway

	 	 	THINKING AHEAD. DELIVERING TODAY.
	 	 	 	 	 	 	 	42	 
	 	 

	 	 	 	 	 	 	 	 	 	 	09 , 35 , 36 , 38 ,	 
	 	Switzerland

	 	 	THINKING AHEAD. DELIVERING TODAY.
	 	 	 	 	 	 	 	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	 
	 

40

 

	 	 	 	 	 	 
	 
	 	Unregistered
Trademarks	 	 	Location	 
	 	 	 
	 	 

	 	 	http://www.ocwenbusiness.com/nci.cfm#, 
	 
	 	RECOVER MORE!

	 	 	http://www.ocwenbusiness.com/
 	 
	 	 

	 	 	http://www.ocwenbusiness.com/bs_loanprocessing.cfm,	 
	 	CLOSE MORE LOANS!

	 	 	http://www.ocwenbusiness.com/
 	 
	 	GSS LOGO

	 	 	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	 	 	 
	 	 	 	 	 	 

41

 

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	 	 	 
	 

	 	 	 	 	 

42

 

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	 
	 

43

 

	 	 	 	 	 	 
	 
	 	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	 
	 	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
	 	 	 	 
	 

44

 

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	 	 	 
	 

	 	 	 	 	 
	 

	 	 	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 tracting 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	 	 	 
	 

	 	 	 	 	 

45

 

EXHIBIT A

INTELLECTUAL PROPERTY ASSIGNMENT

     WHEREAS, OCWEN FINANCIAL CORPORATION, a Florida corporation, (“ASSIGNOR”), having a
place of business at: 1661 Worthington Road, Suite 100, West Palm Beach, FL 33409, USA ,, is
either the direct or indirect owner of all right, title, and interest in and to certain
intellectual property, consisting of all domestic and foreign patents, copyrights, trade names,
domain names, trademarks, service marks, registrations and applications for any of the foregoing,
databases, mask works, inventions, 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, and other proprietary
information, technical and other data, trade secrets, confidential or proprietary information,
lists, documents, and other proprietary rights, including without limitation those contained on the
attached schedule and those set forth in Exhibits A-D (collectively, the “Intellectual
Property”) used in connection with ASSIGNOR’s business as it relates to business process and
knowledge process outsourcing; and

     WHEREAS, ALTISOURCE Solutions S.à r.l., a société à responsabilité limitée organized under the
laws of Luxembourg (“ASSIGNEE”), seeks to acquire all right, title, and interest in and to
the Intellectual Property, including the goodwill represented thereby, and all applications and
registrations for the Intellectual Property;

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Assignor does hereby assign to Assignee all right, title, and interest in and
to the Intellectual Property, including all applications and registrations for the Intellectual
Property, together with the goodwill of the business symbolized by the Intellectual Property, and
the right to sue for and collect all awards, proceeds, and compensation accruing for past
infringements of the Intellectual Property. In furtherance hereof, Assignor and Assignee hereby
agree to execute all necessary documents to accomplish this Assignment, including executing
documents that are substantially in the forms attached hereto as follows:

Exhibit I — Assignment of Patents

Exhibit II — Assignment of Trademarks

Exhibit III — Assignment of Copyrights

Exhibit IV — Assignment of Domain Names

	 	 	 	 	 
	 	ASSIGNOR

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 	 	Date: 	  	 
	 

	 	 	 	 	 
	 	ASSIGNEE

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 	 	Date: 	  	 
	 

46

 

EXHIBIT I

TO

INTELLECTUAL PROPERTY ASSIGNMENT

Company To Company Assignment

(WORLDWIDE PATENT RIGHTS)

     WHEREAS, Ocwen Financial Corporation (hereinafter referred to as “ASSIGNOR”),
having a place of business at: 1661 Worthington Road, Suite 100, West Palm Beach, FL 33409,
USA , is the owner of the entire right, title and interest in and to U.S. and foreign Patent
Applications and/or U.S. and foreign Patents attached hereto as Schedule A (the “Patent Rights”)
and the inventions claimed therein (the “Inventions”); and

     WHEREAS, Altisource Solutions S.à r.l. (hereinafter referred to as “ASSIGNEE”),
having a place of business at: 2-8 Avenue Charles De Gaulle, L-1653 Luxembourg , is desirous
of acquiring the full and exclusive right in and to said Inventions and all documents and things
relating to the conception, reduction to practice and/or practice of the Inventions (the “Related
Documents”) and the entire right, title and interest in and to said Patent Rights, including any
Letters Patent which may be granted therefor, in the United States and its territorial possessions
and in any and all foreign countries, including any and all divisions, continuations,
substitutions, renewals, re-examination, extension and reissues thereof, and any other applications
claiming priority thereto;

     NOW, THEREFORE, in consideration of the sum of FIVE DOLLARS ($5.00), the receipt whereof is
hereby acknowledged, and for other good and valuable consideration, ASSIGNOR, by these presents,
does sell, assign and transfer unto said ASSIGNEE the full and exclusive right in and to said
Inventions, Patent Rights, and Related Documents in the United States and its territorial
possessions and in all foreign countries and the entire right, title and interest, including the
right to sue for past infringement, if any, and all rights pursuant to 35 U.S.C. §154, in and to
any and all Letters Patent which may be granted therefor in the United States and its territorial
possession and in any and all foreign countries and in and to any and all divisions, continuations,
substitutions, renewals, re-examination, extension and reissues thereof, and any other applications
claiming priority thereto;

     ASSIGNOR hereby authorizes and requests the Patent Office Officials in the United States and
its territorial possessions and in any and all foreign countries to issue any and all of said
Letters Patent, when granted, to said ASSIGNEE as the assignee of the entire right, title and
interest in and to the same, for the sole use and behoof of said ASSIGNEE and said

47

 

     ASSIGNEE’s successors and assigns, to the full end of the term for which said Letters Patent may be
granted, as fully and entirely as the same would have been held by ASSIGNOR had this assignment and
sale not been made.

	 	 	 	 	 
	ASSIGNOR:	 	OCWEN FINANCIAL CORPORATION
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	By:
	 

	 	 	 	Title:
	 
	 	 	 	 
	ASSIGNEE:	 	ALTISOURCE SOLUTIONS S.à R.L.
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	By:
	 

	 	 	 	Title:

48

 

SCHEDULE A

TO

Company To Company Assignment

(WORLDWIDE PATENT RIGHTS)

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	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	 
	 

49

 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Pending	 
	 	Ser. No.	 	 	Filing Date	 	 	Title	 	 	Inventors	 
	 	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 KennedyWilliam

ErbeyBryan 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	 
	 

50

 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Pending	 
	 	Ser. No.	 	 	Filing Date	 	 	Title	 	 	Inventors	 
	 	U.S.

11/802,308

	 	 	5/22/2007
	 	 	Method And System For Exchange
	 	 	William Erbey

Christopher Kennedy

Bryan Hurley

Andrew Combs	 
	 	 

	 	 	 	 	 	Expense Tracking, Electronic

Ordering, Invoice
	 	 	William C. Erbey 

Russell Bulman 

Robert J. Leist 

Mary Edgecomb 

Donald Vetal 

Armand Bonola 

Stephanie Hudson 

Jeffrey Neufeld 

Debra Toussaint-Blackman 

Rosemary Weaver	 
	 	U.S.

12/111,714

	 	 	04/29/2008 (parent

filing 12/08/2003)
	 	 	Presentment, and Payment
System and Method
	 	 	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	 
	 

51

 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Pending	 
	 	Ser. No.	 	 	Filing Date	 	 	Title	 	 	Inventors	 
	 	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;	 
	 

52

 

EXHIBIT II

TO

INTELLECTUAL PROPERTY ASSIGNMENT

TRADEMARK ASSIGNMENT

     WHEREAS, Ocwen Financial Corporation, a Florida corporation, having a place of business at
1661 Worthington Road, West Palm Beach, Florida 33409 (hereinafter “ASSIGNOR”), is the
owner of all right, title, and interest in, under and to the trademarks listed in Schedule A
attached hereto (hereinafter the “Trademarks”); and

     WHEREAS Altisource Solutions S.à r.l., a société à responsabilité limitée organized and
existing under the laws of Luxembourg, having a place of business at 2-8 Avenue Charles De Gaulle,
L-1653 Luxembourg (hereinafter “ASSIGNEE”), is desirous of acquiring said Trademarks and
the registrations and applications therefor, along with the goodwill of the business pertaining
thereto.

     NOW, THEREFORE, for the sum of FIVE DOLLARS ($5.00) and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, said ASSIGNOR does hereby assign unto
the said ASSIGNEE all right, title and interest in, under and to the said Trademarks, together with
the goodwill of the business symbolized by the trademarks, the right to bring suit and recover
damages for past infringement, and the registrations and applications therefor. ASSIGNOR hereby
agrees to execute any additional documents to accomplish this Assignment.

	 	 	 	 	 
	ASSIGNOR:	 	OCWEN FINANCIAL CORPORATION
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	By:
	 

	 	 	 	Title:
	 
	 	 	 	 
	ASSIGNEE:	 	ALTISOURCE SOLUTIONS S.à R.L.
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	By:
	 

	 	 	 	Title:

53

 

SCHEDULE A

TO

TRADEMARK ASSIGNMENT

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	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	 
	 	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	 
	 

54

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	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	 
	 	 

	 	 	 	 	 	 	 	 	 	 	09 , 35 , 36 , 38 ,	 
	 	India

	 	 	THINKING AHEAD. DELIVERING TODAY.
	 	 	 	1804060	 	 	 	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	 
	 

55

 

EXHIBIT III

TO

INTELLECTUAL PROPERTY ASSIGNMENT

ASSIGNMENT OF COPYRIGHT

     WHEREAS, Ocwen Financial Corporation, a Florida corporation, having a place of business
at 1661 Worthington Road, West Palm Beach, Florida 33409 (hereinafter “ASSIGNOR”) owns the
copyright in and to the work(s) shown on the attached Schedule A (hereinafter “the Work(s)”) and
has agreed to transfer to Altisource Solutions S.à r.l., a société à responsabilité limitée
organized and existing under the laws of Luxembourg, having a place of business at 2-8 Avenue
Charles De Gaulle, L-1653 Luxembourg (hereinafter “ASSIGNEE”) all right, title, and
interest in and to the Work(s); and

     NOW, THEREFORE, for FIVE DOLLARS ($5.00) and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, ASSIGNOR hereby assigns and transfers to
ASSIGNEE, its successors and assigns, the entire right, title, and interest that ASSIGNOR owns or
may be deemed to own in and to the copyright(s) in the Work(s) throughout the world, and the right
to sue for and collect all awards, proceeds, and compensation accruing for past infringements of
the copyright(s) in the Work(s). In furtherance hereof, ASSIGNOR hereby agrees to execute any
additional documents to accomplish this transfer.

	 	 	 	 	 
	ASSIGNOR:	 	OCWEN FINANCIAL CORPORATION
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	By:
	 

	 	 	 	Title:
	 
	 	 	 	 
	ASSIGNEE:	 	ALTISOURCE SOLUTIONS S.à R.L.
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	By:
	 

	 	 	 	Title:

56

 

SCHEDULE A

TO

ASSIGNMENT OF COPYRIGHT

	 	 	 	 	 	 	 	 	 
	 
	 	Registered
Copyrights	 
	 	Title of Work	 	 	Registration No.	 	 	Registration Date	 
	 	IMAP software

	 	 	TXu000999586
	 	 	May 22, 2001	 
	 

57

 

EXHIBIT IV

TO

INTELLECTUAL PROPERTY ASSIGNMENT

DOMAIN NAME ASSIGNMENT

     WHEREAS, Ocwen Financial Corporation, a Florida corporation (“ASSIGNOR”), has
registered and is the current owner of the domain names listed in Schedule A (the “Domain
Names”);

     WHEREAS, ASSIGNOR desires to transfer to Altisource Solutions S.à r.l., a société à
responsabilité limitée of Luxembourg (“ASSIGNEE”), all right, title, and interest in and to
said Domain Names; and

     WHEREAS, ASSIGNEE is desirous of acquiring said Domain Names.

     NOW, THEREFORE, for the sum of FIVE DOLLARS ($5.00) and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, ASSIGNOR hereby assigns, transfers,
and conveys to ASSIGNEE, its successors, transferees, and assignees, all of ASSIGNOR’s right,
title, and interest in and to said Domain Names. ASSIGNOR hereby agrees to execute any additional
documents to accomplish this Assignment.

	 	 	 	 	 
	ASSIGNOR:	 	OCWEN FINANCIAL CORPORATION
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	By:
	 

	 	 	 	Title:
	 
	 	 	 	 
	ASSIGNEE:	 	ALTISOURCE SOLUTIONS S.à R.L.
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	By:
	 

	 	 	 	Title:

58

 

SCHEDULE A

TO

DOMAIN NAME ASSIGNMENT

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

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

59

 

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

altisource.co.nz

altisourceportfoliosolutions.co.nz

altisource.ru

altisourceportfoliosolutions.ru

altisource.net

altisourceportfoliosolutions.net

altisource.org

altisourceportfoliosolutions.org

altisourceportfoliosolution.com

globalservicingsolutions.com

60EX-10.5 FORM OF SERVICES AGREEMENT

Exhibit 10.5

          SERVICES AGREEMENT, dated as of                     , 2009, between OCWEN FINANCIAL CORPORATION, a
Florida corporation (“OCWEN” or together with its Affiliates “OCWEN Group”), and
ALTISOURCE SOLUTIONS S.à r.l., a private limited liability company organized under the laws of the
Grand Duchy of Luxembourg and an indirect, wholly-owned subsidiary of OCWEN (“ALTISOURCE”
or together with its Affiliates “ALTISOURCE Group”).

RECITALS

     WHEREAS, OCWEN and Altisource Portfolio Solutions S.A. (formerly known as Altisource Portfolio
Solutions S.à r.l., formerly known as Ocwen Luxembourg S.à r.l.), the sole parent of ALTISOURCE
(“ALTISOURCE Parent”), are parties to a Separation Agreement dated as of [                    ], 2009
(the “Separation Agreement”), pursuant to which OCWEN will (i) separate the ALTISOURCE
Business (as defined in the Separation Agreement) and (ii) distribute (the “Separation”) to
the holders of shares of OCWEN’s outstanding capital stock all of the outstanding capital stock of
ALTISOURCE Parent;

     WHEREAS, following the Separation, ALTISOURCE will operate the ALTISOURCE Business, and OCWEN
will operate the OCWEN Business (as defined in the Separation Agreement); and

     WHEREAS, following the Separation, OCWEN desires to receive, and ALTISOURCE is willing to
provide, or cause to be provided, certain services in connection with the OCWEN Business, in each
case subject to the terms and conditions of this Agreement.

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

     1. Definitions.

     (a) Capitalized terms used herein and not otherwise defined have the meanings given to such
terms in the Separation Agreement.

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

     “Affiliate” means with respect to any Person (a “Principal”) (a) any directly or
indirectly wholly-owned subsidiary of such Principal, (b) any Person that directly or indirectly
owns 100% of the voting stock of such Principal or (c) a Person that controls, is controlled by or
is under common control with such Principal. 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 Principal and does not otherwise constitute an Affiliate (a
“Partially-Owned Person”), such Partially-Owned Person shall be considered an Affiliate of such
Principal for purposes of this Agreement if such Principal can, after making a good faith effort to
do so, legally bind such Partially-Owned Person to this Agreement.

1

 

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

     “Applicable Services” means business process outsourcing services of the type provided
in the ordinary course of business of the Providing Party as of the date of this Agreement.

     “Customer Party” means a party in its capacity of receiving a Service hereunder,
including OCWEN.

     “Fee Letter” has the meaning set forth in Section 4(a).

     “Fixed Price Project” means any Service designated as such on Schedule I, in
the Services Letter or the applicable SOW.

     “Providing Party” means a party in its capacity of providing a Service hereunder,
including ALTISOURCE.

     “Services” means the services set forth on Schedule I (as further described in
the Services Letter) and/or in any SOWs, as the context requires.

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

     2. Provision of Services.

     (a) Generally. Subject to the terms and conditions of this Agreement, ALTISOURCE shall
provide, or cause to be provided, to OCWEN and the OCWEN Group, the services set forth on
Schedule I, in each case (i) as further described in a letter between the Providing Party
and the Customer Party dated as of the date hereof (the “Services Letter”) and (ii) for the
periods commencing on the date hereof through the respective period specified on Schedule I
(the “Service Period”), unless such period is earlier terminated in accordance with
Section 5.

     (b) Statements of Work. In addition to the services set forth on Schedule I, from
time to time during the term of this Agreement the parties shall have the right to enter into SOWs
to set forth the terms of any related or additional services to be performed hereunder. Any SOW
shall be agreed to by each party, shall be in writing and (I) shall contain, to the extent
applicable: (i) the identity of each of the Providing Party and the Customer Party; (ii) a
description of the Services to be performed thereunder; (iii) the applicable Performance Standard
for the provision of such Service, if different from the Performance Standard; (iv) a description
of the penalties of nonperformance and the incentives for performance in accordance with the
applicable Performance Standard; (v) a description of the Customer Party’s criteria for evaluating
the acceptance of deliverables; (vi) the amount, schedule and method of compensation for provision
of such Service; and (vii) the Customer Party’s standard operating procedures for receipt of
services similar to such Service, including operations, compliance requirements and

2

 

related training schedules; and (II) may contain (i) a description of the renewal option for
such SOW; (ii) information technology support requirements of the Customer Party with respect to
such Service; (iii) training and support commitments with respect to such Service; (iv) the number
of full-time employees required for such Service; and (v) any other terms the parties desired by.
For the avoidance of doubt, the terms and conditions of this Agreement shall apply to any SOW.

     (c) The Services shall be performed on Business Days during hours that constitute regular
business hours for each of OCWEN and ALTISOURCE, unless otherwise agreed or as provided on
Schedule I, in the Services Letter or an applicable SOW. No Customer Party, nor any member
of its respective Group, shall resell, subcontract, license, sublicense or otherwise transfer any
of the Services to any Person whatsoever or permit use of any of the Services by any Person other
than by the Customer Party and its Affiliates directly in connection with the conduct of the
Customer Party’s respective business in the ordinary course of business.

     (d) Notwithstanding anything to the contrary in this Section 2 (but subject to the
second succeeding sentence), the Providing Party shall have the exclusive right to select, employ,
pay, supervise, administer, direct and discharge any of its employees who will perform Services.
The Providing Party shall be responsible for paying such employees’ compensation and providing to
such employees any benefits. With respect to each Service, the Providing Party shall use
commercially reasonable efforts to have qualified individuals participate in the provision of such
Service; provided, however, that (i) the Providing Party shall not be obligated to have
any individual participate in the provision of any Service if the Providing Party determines that
such participation would adversely affect the Providing Party or its Affiliates; and (ii) none of
the Providing Party or its Affiliates shall be required to continue to employ any particular
individual during the applicable Service Period.

     3. Standard of Performance. The Providing Party shall use commercially reasonable
efforts to provide, or cause to be provided, to the Customer Party and its Group, each Service with
such quality standards, service level requirements, specifications and acceptance criteria
identified in the Services Letter or the respective SOW (including any “Critical Performance
Standards” as identified in any therein) (the “Performance Standard”), unless otherwise
specified in this Agreement. Notwithstanding the foregoing, no Providing Party shall have any
obligation hereunder to provide to any Customer Party any improvements, upgrades, updates,
substitutions, modifications or enhancements to any of the Services unless otherwise specified in
the Services Letter or applicable SOW. The Customer Party acknowledges and agrees that the
Providing Party may be providing services similar to the Services provided hereunder and/or
services that involve the same resources as those used to provide the Services to its and its
Affiliates’ business units and other third parties.

     4. Fees for Services.

     (a) As compensation for a particular Service, the Customer Party agrees to pay to the
Providing Party, for each of the first two (2) successive years during which such Service is
provided (the “Initial Fee Period”), the respective amount set forth in (i) the Services
Letter (or, if applicable, in a separate fee letter to be delivered by the Providing Party to the
Customer Party dated as of the date hereof (the “Fee Letter”)) or (ii) with respect to any
Service

3

 

performed pursuant to an SOW, in such SOW. The parties intend that any such fees reflect the
market rate for comparable services. In the event the Services provided are increased or decreased
during the Service Period, the fees associated therewith shall be increased or decreased, as
applicable, on a pro rata basis.

     (b) The fees for the Services other than Fixed Price Projects shall be adjusted in each year
subsequent to the Initial Fee Period as negotiated between the parties in good faith based on
prevailing market conditions and inflation.

     (c) The Customer Party shall not be obligated to pay fees for (i) new Services, other than
Additional Services or Services requested pursuant to a SOW, which the Providing Party performs
without the authorization of the Customer Party or of any member of its Group or (ii) Services not
provided due to a Force Majeure Event (as defined below).

     (d) The parties will adhere to the business practices regarding invoicing and payment in place
at the time of execution of this Agreement for all Services initially provided by the Providing
Party for a maximum period of one year from the date of this Agreement. After one year or in the
case of any SOW and unless otherwise specified in the applicable SOW, the Providing Party shall
submit statements of account to the Customer Party (including any Sales Tax, as defined in
Section 16) on a monthly basis with respect to all amounts payable by the Customer Party to
the Providing Party hereunder (the “Invoiced Amount”), setting out the Services provided
(by reference to the particular SOW, if applicable), and the amount billed in United States Dollars
to the Customer Party as a result of providing such Services. The Customer Party shall pay the
Invoiced Amount to the Providing Party by wire transfer of immediately available funds to an
account or accounts specified by the Providing Party, or in such other manner as specified by the
Providing Party in writing, or otherwise reasonably agreed to by the Parties, within 30 days of the
date of delivery to the Customer Party of the applicable statement of account; provided,
that, in the event of any dispute as to an Invoiced Amount, the Customer Party shall pay the
undisputed portion, if any, of such Invoiced Amount in accordance with the foregoing, and shall pay
the remaining amount, if any, promptly upon resolution of such dispute.

     (e) The Providing Party shall maintain books and records adequate for the provision of the
Services. At its own expense, the Customer Party may request an audit of the books and records of
the Providing Party to determine performance in accordance with Section 4(d). If such
audit reveals an underpayment of fees, the Customer Party shall promptly pay the underpayment
amount in accordance with the terms of this Agreement. If such audit reveals an overpayment of
fees, the Providing Party shall promptly refund the overpayment amount in accordance with
Section 4(d).

     (f) The Providing Party may, in its discretion and without any liability, suspend any
performance under this Agreement upon failure of the Customer Party to make timely any payments
required under this Agreement beyond the applicable cure date specified in Section 6(b)(1)
of this Agreement.

     (g) In the event that the Customer Party does not make any payment required under the
provisions of this Agreement (including, for the avoidance of doubt, the Services

4

 

Letter and/or the Fee Letter) to the Providing Party when due in accordance with the terms
hereof, the Providing Party may, at its option, charge the Customer Party interest on the unpaid
amount at the rate of 2% per annum above the prime rate charged by JPMorgan Chase Bank, N.A. (or
its successor). In addition, the Customer Party shall reimburse the Providing Party for all costs
of collection of overdue amounts, including any reasonable attorneys’ fees.

     (h) In the event that (i) Providing Party agrees to provide services that are the same or
substantially similar to the Services and Additional Services provided hereunder to a third party
(“Relevant Services”), (ii) such Relevant Services are delivered and priced in a manner
substantially similar to the delivery and pricing structure provided for by this Agreement, the
Services Letter and the Fee Letter (if any) and are of a similar volume, (iii) the fees to be
received by Providing Party from each of Customer Party and such third party are reasonably
expected to exceed $1,000,000 per year, (iv) the fee rates in the aggregate to be charged by the
Providing Party for any particular Relevant Service (a “Reduced Cost Service”) are less
than the fee rates in the aggregate for the corresponding Service or Additional Service charged
under this Agreement, the Services Letter and the Fee Letter (if any), and (v) after giving good
faith consideration to any higher fee rates charged by Providing Party for any other Relevant
Services other than the Reduced Cost Service being provided to such third party, the aggregate
economic benefit received by Providing Party for providing all such Relevant Services is less than
the aggregate economic benefit received by Providing Party for providing the Services and
Additional Services, then within thirty Business Days of entering into a binding agreement to
provide the Relevant Services to such third party, Providing Party shall offer to provide to
Customer Party the Service and/or Additional Service corresponding to the Reduced Cost Service at
the same rate as Providing Party provides the Reduced Cost Service to such third party. The fees
provided for under this Agreement, the Services Letter and the Fee Letter (if any) shall be reduced
to an amount equal to the fees charged for the Reduced Cost Service effective as of the later of
(x) the first day of the immediately succeeding calendar quarter after the date on which Providing
Party notifies Customer Party of the Reduced Cost Service or (y) thirty days after the date on
which Providing Party notifies Customer Party of the Reduced Cost Service. For purposes of
clarification only, this Section 4(h) shall not apply to situations where Providing Party
agrees to provide test or trial services to a third party.

     5. Term.

     (a) Initial Term. This Agreement shall commence on the Distribution Date and shall continue
in full force and effect, subject to Section 5(b), until the date that is eight (8) years
from the Distribution Date (the “Initial Term”), or the earlier date upon which this
Agreement has been otherwise terminated in accordance with the terms hereof.

     (b) Renewal Term. This Agreement may be renewed for successive two (2) year terms (each, a
“Renewal Term) by mutual written agreement of the parties hereto, executed not less than
six (6) months prior to the expiration of the Initial Term or any Renewal Term, as applicable.

     (c) In the event either party decides that it does not wish to renew this Agreement or any
particular Service or SOW hereunder before the expiration of the Initial Term

5

 

or any Renewal Term, as applicable, such party shall so notify the other party at least nine
(9) months before the completion of the Initial Term or Renewal Term, as applicable.

     6. Termination.

     (a) Termination by Customer Party. During the term of this Agreement, the Customer Party may
terminate this Agreement (or, with respect to all items except items (2) and (7) below, the
particular Service or SOW only):

	 	(1)	 	if the Customer Party is prohibited by law from
receiving such Services from the Providing Party;
	 
	 	(2)	 	in the event of a material breach of any covenant or
representation and warranty contained herein or otherwise directly relating
to or affecting the Services to be provided hereunder of the Providing
Party that cannot be or has not been cured by the 30th day from
the Customer Party’s giving of written notice of such breach to the
Providing Party, which notice shall be given within 45 days of the later of
the occurrence of such breach or Customer Party’s discovery of such breach;
	 
	 	(3)	 	if the Providing Party fails to comply with all
applicable regulations to which the Providing Party is subject directly
relating to or affecting the Services to be performed hereunder, which
failure cannot be or has not been cured by the 30th day from the
Customer Party’s giving of written notice of such failure to the Providing
Party, which such notice shall be given within 45 days of the later of the
occurrence of such failure or Customer Party’s discovery of such failure;
	 
	 	(4)	 	if the Providing Party or any member of its Group
providing Services hereunder is cited by a Governmental Authority for
materially violating any law governing the performance of a Service, which
violation cannot be or has not been cured by the 30th day from
the Customer Party’s giving of written notice of such citation to the
Providing Party, which such notice shall be given within 45 days of the
later of the occurrence of such citation or Customer Party’s discovery of
such citation;
	 
	 	(5)	 	if the Providing Party fails to meet any Critical
Performance Standard for a period of two consecutive months or three
nonconsecutive months in any rolling 12-month period, which failure cannot
be or has not been cured by the 30th day from the Customer
Party’s giving of written notice of such failure to the Providing Party,
which such notice shall be given within 45 days of the later of the
occurrence of such failure or Customer Party’s discovery of such failure;
	 
	 	(6)	 	if the Providing Party fails to meet any Performance
Standard for a period of two consecutive months or four nonconsecutive
months in any rolling 12-month period, which failure cannot be or has not
been cured by the 30th day from the Customer Party’s giving of
written notice of such failure to

6

 

	 	 	 	the Providing Party, which such notice shall be given within 45 days of the
later of the occurrence of such failure or Customer Party’s discovery of
such failure; and

	 	(7)	 	if the Providing Party (A) becomes insolvent, (B) files
a petition in bankruptcy or insolvency, is adjudicated bankrupt or
insolvent or files any petition or answer seeking reorganization,
readjustment or arrangement of its business under any law relating to
bankruptcy or insolvency, or if a receiver, trustee or liquidator is
appointed for any of the property of the other party and within 60 days
thereof such party fails to secure a dismissal thereof or (C) makes any
assignment for the benefit of creditors, which bankruptcy, insolvency or
assignment cannot be or has not been cured by the 30th day from
the Customer Party’s giving of written notice of such event to the
Providing Party, which such notice shall be given within 45 days of the
later of the occurrence of such event or Customer Party’s discovery of such
event, and
	 
	 	(8)	 	in the event of any material infringement of such
Customer Party’s Intellectual Property (as defined in the Intellectual
Property Agreement), including intellectual property developed hereunder
pursuant to Section 10 below, by the Providing Party, which
infringement cannot be or has not been cured by the 30th day
from the Customer Party’s giving of written notice of such event to the
Providing Party, which such notice shall be given within 45 days of the
later of occurrence of such event or Customer Party’s discovery of such
event.

     For the avoidance of doubt, with respect to all items except item (1) above, if the Providing
Party has cured the underlying event or circumstance giving rise to written notice of the same,
within the time period specified above, the Customer Party may not terminate this Agreement or the
applicable Service or SOW; provided, however, that the Customer Party may, if it so states
in the written notice required to be provided to the Providing Party pursuant to the above, cause
the Providing Party to suspend the Service performed under this Agreement or the applicable SOW
until the Providing Party has cured such breach, failure, insolvency, bankruptcy or assignment, as
the case may be. Furthermore, if the Providing Party is unable to effect a cure of the event or
circumstance occurring under this Section 6(a) within the time period specified, despite a
good faith effort to effect such cure, the Customer Party shall allow the Providing Party such
additional time as reasonably required to effect such cure without termination of this Agreement or
the applicable Service or SOW, but in no event shall such additional time exceed 90 days unless
otherwise agreed by the parties.

     (b) Termination by Providing Party. During the term of this Agreement, the Providing Party
may terminate this Agreement or the particular Service or SOW only:

	 	(1)	 	if the Customer Party fails to make any payment for any
portion of Services the payment of which is not being disputed in good
faith by the Customer Party, which payment remains unmade by the
90th day from the

7

 

	 	 	 	Providing Party’s giving of written notice of such failure to the Customer
Party;

	 	(2)	 	if the Customer Party, or any member of its Group
providing Services hereunder, or the Providing Party receives an order from
a Governmental Authority prohibiting the performance of the Services;
	 
	 	(3)	 	if the Providing Party or any member of its Group
providing Services hereunder is notified by a Governmental Authority, due
to the actions of the Customer Party, for materially violating any law
governing the performance of a Service, which violation cannot be or has
not been cured by the Customer Party by the 60th day from the
receipt of notice of such violation;
	 
	 	(4)	 	if the Customer Party or any member of its Group (A)
becomes insolvent, (B) files a petition in bankruptcy or insolvency, is
adjudicated bankrupt or insolvent or files any petition or answer seeking
reorganization, readjustment or arrangement of its business under any law
relating to bankruptcy or insolvency, or if a receiver, trustee or
liquidator is appointed for any of the property of the other party and
within 60 days thereof such party fails to secure a dismissal thereof or
(C) makes any assignment for the benefit of creditors;
	 
	 	(5)	 	in the event of any material infringement of such
Providing Party’s Intellectual Property (as defined in the Intellectual
Property Agreement), including intellectual property developed hereunder
pursuant to Section 10 below, by the Customer Party or any member
of its Group; and
	 
	 	(6)	 	in the event of a material breach of any covenant or
representation and warranty contained herein or otherwise directly relating
to or affecting the Services to be provided hereunder of the Customer Party
or any member of its Group that cannot be or has not been cured by the
60th day from the Providing Party’s giving of written notice of
such breach to the Customer Party.

     For the avoidance of doubt, with respect to items (3) and (6) above, if the Customer Party has
cured the underlying event or circumstance giving rise to written notice of the same, within the
time period specified above, the Providing Party may not terminate this Agreement or the applicable
Service or SOW; provided, however, that the Providing Party may, if it so states in the
written notice required to be provided to the Customer Party pursuant to the above, suspend the
Service performed hereunder or under the applicable SOW until the Customer Party has cured such
violation or breach, as the case may be. Furthermore, if the Customer Party is unable to effect a
cure of the event or circumstance occurring under this Section 6(b) within the time period
specified, despite a good faith effort to effect such cure, Providing Party shall allow Customer
Party such additional time as reasonably required to effect such cure without termination of this
Agreement or the applicable Service or SOW, but in no event shall such additional time exceed 90
days unless otherwise agreed by the parties.

8

 

     (c) Termination for Convenience. Any Service or SOW may be terminated in whole or in part by
the Customer Party on not less than 90 days’ written notice of such termination to the Providing
Party in the event the Customer Party and the members of its Group discontinue the line of business
receiving such Services. In the event the Customer Party terminates such Service or SOW in
accordance with this
Section 6(c) unless otherwise set forth herein or in the applicable
SOW, such party shall be responsible for payment of the following costs and expenses which are
directly related to or resulting from the early termination of such Service or SOW: (i) costs and
expenses relating to the re-employment or termination of a Providing Party’s employee who had been
previously engaged in providing the Services governed by the terminated Service or SOW, (ii) costs
and expenses relating to existing contracts with third parties that had been entered into by the
Providing Party or any member of its Group solely for the provision of Services under such
terminated Service or SOW and (iii) costs and expenses relating to facilities, hardware and
equipment (including depreciation) used solely for the purpose of providing such Services or SOW.

     (d) Wind-Down Period. During the period that is six (6) months prior to the date of
termination of this Agreement, the Providing Party shall have no obligation to (i) expand the scope
of its Services under this Agreement or any SOW, (ii) perform any new or additional Services under
this Agreement or any SOW, or (iii) invest in hardware, software or equipment for performance
against a Service or SOW.

     (e) Post-Termination Services. Upon termination of this Agreement, any SOW or any Services,
for any reason whatsoever, the Customer Party or any member of its Group may elect to purchase
post-termination services from the Providing Party for a period of 270 days from the date on which
this Agreement terminates on the current terms hereunder or in place under the applicable SOW(s).

     (f) Effects of Termination.

	 	(1)	 	Upon the early termination of any Service pursuant to
this Section 6 or upon the expiration of the applicable Service
Period, following the effective time of the termination, the Providing
Party shall no longer be obligated to provide such Service;
provided that the Customer Party shall be obligated to reimburse
the Providing Party for any reasonable out-of-pocket expenses or costs
attributable to such termination unless otherwise provided herein or in the
applicable SOW(s).
	 
	 	(2)	 	No termination, cancelation or expiration of this
Agreement shall prejudice the right of either party hereto to recover any
payment due at the time of termination, cancelation or expiration (or any
payment accruing as a result thereof), nor shall it prejudice any cause of
action or claim of either party hereto accrued or to accrue by reason of
any breach or default by the other party hereto.
	 
	 	(3)	 	Notwithstanding any provision herein to the contrary,
Sections 4, 9 and 12 through 22 of this
Agreement shall survive the termination of this Agreement.

9

 

     7. Change Order Procedures; Temporary Emergency Changes.

     (a) The parties hereto may change the nature and scope of Services provided hereunder or under
any SOW by mutual agreement. The party seeking the change shall submit a request containing: (i)
the identity of the party requesting such change; (ii) the reason(s) for the change; (iii) a
description of the requested change; and (iv) a timetable for the implementation of the change.
The non-requesting Party shall have 30 Business Days to consider the suggested change and either
approve or decline such change. For the avoidance of doubt, no change to any Service or SOW will
become part of the Performance Standard for such Service or SOW without the Providing Party’s prior
approval.

     (b) The parties hereto agree to cooperate in good faith to determine and implement additional
procedures for change orders as needed.

     (c) Notwithstanding the foregoing, in the event the Providing Party is unable to contact the
Customer Group’s designated contact for a specific Service or SOW after reasonable effort, the
Providing Party may make temporary changes to any SOW or Services, which the Providing Party shall
document and report to the Customer Party the next Business Day. Such changes shall become
permanent only if the Providing Party subsequently follows the procedures in Section 7(a)
hereof for permanent change order procedures. The Customer Party shall not be obligated to pay for
any changed Services performed without its prior approval.

     (d) The Customer Party may, in an emergency, request additional Services to be performed as
promptly as practicable, and the Providing Party shall use its reasonable best efforts to perform
such Services as promptly as practicable. While the Providing Party will continue to provide
services in line with the request from the Customer Party, in the event that the Providing Party
plans to incur materially additional costs in providing this service, the Providing Party may
submit a financial proposal to make the Providing Party financially whole. In such a case, the
Customer Party and Providing Party may agree for the one-time increase in payment for the
emergency. Such emergency request shall last no longer than 30 Business Days, and the Providing
Party shall have no obligation to continue performing such Services unless the Customer Party
follows the procedures in Section 7(a) hereof for permanent change order procedures.

     8. Right of First Opportunity.

     (a) If the Customer Party or any member of its Group elects to receive any Additional Service
(as defined below), it shall first request a proposal for the provision of such Additional Service
from the Providing Party. The Providing Party shall have 30 Business Days (the “Exclusive
Tender Period”) to respond to such request for Additional Service and to provide a proposed SOW
to the Customer Party. During the Exclusive Tender Period, the Customer Party shall not solicit
proposals or negotiate with any other third party with respect to such request for Additional
Service. Upon receipt of the Providing Party’s proposal for the Additional Service, the Customer
Party shall consider such proposal and shall negotiate with the Providing Party in good faith with
respect to the possible provision by the Providing Party of such Additional Services.

10

 

     (b) If, at the end of the Exclusive Tender Period, the Providing Party and the Customer Party
do not agree on the proposed SOW, the Customer Party may solicit proposals from third parties with
respect to the Additional Service; provided, however, that the Customer Party shall not
disclose any information received from the Providing Party, whether verbal or written, in the
proposed SOW or during the Exclusive Tender Period negotiations, and such information shall be
subject to the terms of Section 12 (Confidentiality) hereof.

     (c) As an alternative to the procedures set forth in Sections 8(a) and 8(b),
Customer Party may solicit proposals or negotiate with third parties with respect to an Additional
Service (such third parties, “Third Party Additional Service Providers”) during the
Exclusive Tender Period so long as:

	 	i)	 	at least fifteen Business Days prior to engaging any
Third Party Additional Service Provider, Customer Party shall disclose to
Providing Party a description of the Additional Services to be provided by
such Third Party Additional Service Provider and all fees, costs and other
expenses to be charged by such Third Party Additional Service Provider
(such description, a “Third Party Additional Service Offer”),
	 
	 	ii)	 	within ten Business Days of receipt of any Third Party
Additional Service Offer, Providing Party shall have the right to make an
offer (a “Matching Offer”) to provide the same or substantially the
same Additional Services as set forth in the Third Party Additional Service
Offer, and
	 
	 	iii)	 	if the fees set forth in the Matching Offer do not
exceed the fees set forth in the Third Party Additional Services Offer,
Customer Party may not accept the Third Party Additional Services Offer.
Conversely, if the fees set forth in the Matching Offer exceed the fees set
forth in the Third Party Additional Services Offer, Customer Party may
accept the Third Party Additional Services Offer.

     (d) For purposes of this Agreement, “Additional Service” means: a service that (i) is
reasonably similar to the Services provided hereunder or under any SOW, (ii) reasonably could be
performed in facilities located in India, the United States, Canada, Uruguay or other facilities
similar to the Providing Party’s facilities in these locations; (iii) reasonably would be expected
to involve a purchase volume greater than $200,000 on an annual basis; and (iv) is not an
Applicable Service.

     (e) For the avoidance of doubt, the Providing Party shall not be restricted from providing
services to a third party that are similar or identical to the Services.

     9. Miscellaneous.

     (a) 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.

11

 

     (b) This Agreement, the schedules hereto, the Services Letter and any 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.

     (c) OCWEN represents on behalf of itself and each other member of the OCWEN Group, and
ALTISOURCE represents on behalf of itself and each other member of the ALTISOURCE Group, as
follows:

          i) each such 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 this Agreement and to consummate the transactions
contemplated hereby; and

          ii) this Agreement has been duly executed and delivered by it and
constitutes, or will constitute, a valid and binding agreement of it enforceable
in accordance with the terms hereof.

     (d) 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.

     (e) Except for the indemnification rights under this Agreement (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.

     (f) All notices or other communications under this Agreement hall be in writing and shall be
deemed to be duly given when (a) delivered in person, (b) sent by telecopier (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 fax numbers set forth below or (c) deposited in the United
States mail or private express mail, postage prepaid, addressed as follows:

12

 

If to OCWEN, to:

Ocwen Financial Corporation

1661 Worthington Road, Suite 100

West Palm Beach, Florida 33409

Attn: Corporate Secretary

Fax No.: (561) 682-8177

If to ALTISOURCE to:

Altisource Solutions S.à r.l.

2-8 Avenue Charles De Gaulle

L-1653 Luxembourg

Attn: Corporate Secretary

Fax No.: [                    ]

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

     (g) 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 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 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.

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

     (i) 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) 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 aggrieved
shall have the right to seek specific performance and injunctive or other equitable relief of its
rights under this Agreement, in addition to any and all other rights and remedies at law or in
equity, and all such rights and remedies shall be cumulative. The other party or parties shall not
oppose the granting of such relief. The parties to this Agreement agree that the remedies at law
for any breach or threatened breach hereof, 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.

13

 

     (k) 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) 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 hereto) and not to any
particular provision of this Agreement. Article, Section, Exhibit, Schedule and Appendix
references are to the articles, sections, exhibits, schedules and appendices of or to this
Agreement unless otherwise specified. Any reference herein to this Agreement, unless otherwise
stated, shall be construed to refer to this Agreement as amended, supplemented or otherwise
modified from time to time, as permitted by Section 9(k). 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.

     (m) 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
and thereto 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 9(m) may be
served on any Party to this Agreement anywhere in the world.

     10. Intellectual Property. The Providing Party or a member of its Group shall retain
all rights to all technology and intellectual property owned or licensed by the Providing Party or
a member of its Group prior to the provision of Services hereunder or developed by the Providing
Party and any member of its Group during the course of and in association with the provision of
Services under this Agreement by the Providing Party and any member of its Group, including all
derivative works. The Customer Party and any member of its Group shall retain all rights to all
intellectual property owned or licensed by the Customer Party or a member of its Group prior to the
provision of Services hereunder or developed by the Customer Party or a member of its Group during
the course of and in association with the provision of Services by the Providing Party under this
Agreement, including all derivative works. To the extent any technology or intellectual property
is jointly developed by the Providing Party or a member of its Group on the one hand and the
Customer Party or a member of its Group on the other, it shall be deemed OCWEN IP, if it relates to
the OCWEN Business, or ALTISOURCE Licensed

14

 

Intellectual Property, if it relates to the ALTISOURCE Business, as these terms are defined in
the Intellectual Property Agreement. Any intellectual property not already part of the ALTISOURCE
IP, the ALTISOURCE Licensed Intellectual Property, or the OCWEN IP, as those terms are defined in
the Intellectual Property Agreement, shall become ALTISOURCE Licensed Intellectual Property, if
owned by ALTISOURCE, or OCWEN IP, if owned by OCWEN. All intellectual property that is involved in
the provision of Services hereunder, therefore, shall be subject to the terms and conditions of the
Intellectual Property Agreement.

     11. Cooperation; Access; Steering Committee.

     (a) The Customer Party shall, and shall cause its Group to, permit the Providing Party and its
employees and representatives access, on Business Days during hours that constitute regular
business hours for the Customer Party and upon reasonable prior request, to the premises of the
Customer Party and its Group and such data, books, records and personnel designated by the Customer
Party and its Group as involved in receiving or overseeing the Services as the Providing Party may
reasonably request for the purposes of providing the Services. The Providing Party shall provide
the Customer Party, upon reasonable prior written notice, such documentation relating to the
provision of the Services as the Customer Party may reasonably request for the purposes of
confirming any Invoiced Amount pursuant to this Agreement. Any documentation so provided to the
Providing Party pursuant to this Section 11 will be subject to the confidentiality
obligations set forth in Section 12 of this Agreement.

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

     12. Confidentiality.

     (a) Subject to Section 12(b), each of OCWEN and ALTISOURCE, on behalf of itself and
each other member of its Group, agrees to hold, and to cause its directors, officers, employees,
agents, accountants, counsel and other advisors and representatives to hold, in strict confidence,
with at least the same degree of care that applies to confidential and proprietary information of
OCWEN pursuant to policies in effect as of the Distribution Date, all Information concerning the
other Group that is either in its possession (including Information in its possession prior to the
Distribution Date) or furnished by the other Group or its directors, officers, employees, agents,
accountants, counsel and other advisors and representatives at any time pursuant to this Agreement,
and shall not use any such Information other than for such purposes as shall be expressly permitted
hereunder, except to the extent that such Information has been (i) in the public domain through no
fault of such party or any other member of such Group or any of their respective directors,
officers, employees, agents, accountants, counsel and other advisors and representatives, (ii)
later lawfully acquired from other sources by such party (or any other member of such party’s
Group), which sources are not known by such party to be

15

 

themselves bound by a confidentiality obligation, or (iii) independently generated without
reference to any proprietary or confidential Information of any member of the other Group.

     (b) Each party agrees not to release or disclose, or permit to be released or disclosed, any
such Information (excluding Information described in clauses (i), (ii) and (iii) of Section
12(a)) to any other Person, except its directors, officers, employees, agents, accountants,
counsel and other advisors and representatives who need to know such Information (who shall be
advised of their obligations hereunder with respect to such Information), except in compliance with
Section 12(c). Without limiting the foregoing, when any Information is no longer needed
for the purposes contemplated by this Agreement, each party will promptly, after request of the
other party, either return the Information to the other party in a tangible form (including all
copies thereof and all notes, extracts or summaries based thereon) or certify to the other party
that any Information not returned in a tangible form (including any such Information that exists in
an electronic form) has been destroyed (and such copies thereof and such notes, extracts or
summaries based thereon).

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

     13. Dispute Resolution.

     (a) 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 reasonable best efforts to meet within 30 days of the Escalation Notice.

     14. Warranties; Limitation of Liability; Indemnity.

     (a) Other than the statements expressly made by the Providing Party in this Agreement or in
any SOW, the Providing Party makes no representation or warranty, express or implied, with respect
to the Services and, except as provided in Section 14(b) hereof, the

16

 

Customer Party hereby waives, releases and renounces all other representations, warranties,
obligations and liabilities of the Providing Party, and any other rights, claims and remedies of
the Customer Party against the Providing Party, express or implied, arising by law or otherwise,
with respect to any nonconformance, durability, error, omission or defect in any of the Services,
including (i) any implied warranty of merchantability, fitness for a particular purpose or
non-infringement, (ii) any implied warranty arising from course of performance, course of dealing
or usage of trade and (iii) any obligation, liability, right, claim or remedy in tort, whether or
not arising from the negligence of the Providing Party.

     (b) None of the Providing Party or any of its Affiliates or any of its or their respective
officers, directors, employees, agents, attorneys-in-fact, contractors or other representatives
shall be liable for any action taken or omitted to be taken by the Providing Party or such person
under or in connection with this Agreement, except that the Providing Party shall be liable for
direct damages or losses incurred by the Customer Party or the Customer Party’s Group arising out
of the gross negligence or willful misconduct of the Providing Party or any of its Affiliates or
any of its or their respective officers, directors, employees, agents, attorneys-in-fact,
contractors or other representatives in the performance or nonperformance of the Services or
Ancillary Services.

     (c) In no event shall (i) the amount of damages or losses for which the Providing Party and
the Customer Party may be liable under this Agreement exceed the fees due to the Providing Party
for the most recent 6 month period under the applicable Service or SOW(s), provided that if
Services have been performed for less than 6 months, then the damages or losses will be limited to
the value of the actual Services performed during such period; or (ii) the aggregate amount of all
such damages or losses for which the Providing Party may be liable under this Agreement exceed
$1,000,000; provided, that, no such cap shall apply to liability for damages or losses
arising from or relating to breaches of Section 12 (relating to confidentiality),
infringement of Intellectual Property or fraud or criminal acts. Except as provided in Section
14(b) hereof, none of the Providing Party or any of its Affiliates or any of its or their
respective officers, directors, employees, agents, attorneys-in-fact, contractors or other
representatives shall be liable for any action taken or omitted to be taken by, or the negligence,
gross negligence or willful misconduct of, any third party.

     (d) Notwithstanding anything to the contrary herein, none of the Providing Party or any of its
Affiliates or any of its or their respective officers, directors, employees, agents,
attorneys-in-fact, contractors or other representatives shall be liable for damages or losses
incurred by the Customer Party or any of the Customer Party’s Affiliates for any action taken or
omitted to be taken by the Providing Party or such other person under or in connection with this
Agreement to the extent such action or omission arises from actions taken or omitted to be taken
by, or the negligence, gross negligence or willful misconduct of, the Customer Party or any of the
Customer Party’s Affiliates.

     (e) Without limiting Section 14(b) hereof, no Party hereto or any of its Affiliates or
any of its or their respective officers, directors, employees, agents, attorneys-in-fact,
contractors or other representatives shall in any event have any obligation or liability to the
other party hereto or any such other person whether arising in contract (including warranty), tort
(including active, passive or imputed negligence) or otherwise for consequential, incidental,

17

 

indirect, special or punitive damages, whether foreseeable or not, arising out of the
performance of the Services or this Agreement, including any loss of revenue or profits, even if a
Party hereto has been notified about the possibility of such damages; provided, however,
that the provisions of this Section 14(e) shall not limit the indemnification obligations
hereunder of either party hereto with respect to any liability that the other party hereto may have
to any third party not affiliated with any member of the Providing Party’s Group or the Customer
Party’s Group for any incidental, consequential, indirect, special or punitive damages.

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

     15. Additional Agreements. The Providing Party shall:

     (a) maintain data backup and document storage and retrieval systems adequate for the provision
of the Services;

     (b) maintain a business continuity plan adequate for the provision of the Services and shall
provide a copy of such plan upon the Customer Party’s request;

     (c) provide the Services under this Agreement and any SOW in compliance with (i) all
obligations and applicable laws, including, but not limited to, privacy and data protection laws,
labor and overtime laws, tax laws, the U.S. Foreign Corrupt Practices Act and environmental
protection laws and (ii) all requirements from any Governmental Authority to maintain necessary
licenses and permits;

     16. Taxes. Unless otherwise provided herein or in an applicable SOW, each party
hereto shall be responsible for the cost of any sales, use, privilege and other transfer or similar
taxes imposed upon that Party as a result of the transactions contemplated hereby. Any amounts
payable under this Agreement are exclusive of any goods and services taxes, value added taxes,
sales taxes or similar taxes (“Sales Taxes”) now or hereinafter imposed on the performance
or delivery of Services, and an amount equal to such taxes so chargeable shall, subject to receipt
of a valid receipt or invoice as required below in this Section 16, be paid by the Customer
Party to the Providing Party in addition to the amounts otherwise payable under this Agreement. In
each case where an amount in respect of Sales Tax is payable by the Customer Party in respect of a
Service provided by the Providing Party, the Providing Party shall furnish in a timely manner a
valid Sales Tax receipt or invoice to the Customer Party in the form and manner required by
applicable law to allow the Customer Party to recover such tax to the extent allowable under such
law.

     17. Public Announcements. No Party to this Agreement shall make, or cause to be made,
any press release or public announcement or otherwise communicate with any news

18

 

media in respect of this Agreement or the transactions contemplated by this Agreement without
the prior written consent of the other party hereto unless otherwise required by law, in which case
the party making the press release, public announcement or communication shall give the other party
reasonable opportunity to review and comment on such and the parties shall cooperate as to the
timing and contents of any such press release, public announcement or communication.

     18. Assignment. This Agreement shall inure to the benefit of and be binding upon the
parties hereto and their respective successors and permitted assigns. No Party hereto may assign
either this Agreement or any of its rights, interests or obligations hereunder without the prior
written approval of the other party hereto; provided, however, that either party may assign
this Agreement without the consent of the other party to any third party that acquires, by any
means, including by merger or consolidation, all or substantially all the consolidated assets of
such party. Any purported assignment in violation of this Section 18 shall be void and
shall constitute a material breach of this Agreement.

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

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

     21. Non-Solicitation. The Customer Party acknowledges that the value to the Providing
Party of its business and the transactions contemplated by this Agreement would be substantially
diminished if such Customer Party or any of its Affiliates were to solicit the employment of or
hire any employee of the Providing Party or any member of its Group performing Services or who has
performed Services hereunder. Accordingly, the Customer Party agrees that neither it nor any of
its Affiliates shall, directly or indirectly and without the prior consent of the other party,
solicit the employment of, or hire, employ or retain, or otherwise encourage or cause to leave
employment with the Providing Party, or cause any other Person to hire, employ or retain, or
otherwise encourage or cause to leave employment with the Providing Party or any of its Affiliates,
any Person who is or was employed by the Providing Party or any of its Affiliates with respect to
the provision of Services at any time within twelve (12) months preceding the time of such
solicitation or hiring, employment, retention or encouragement.

     22. Waiver of Jury Trial. EACH PARTY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY, WAIVES
(TO THE EXTENT PERMITTED BY APPLICABLE

19

 

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.

* * * * *

20

 

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

	 	 	 	 	 
	 	OCWEN FINANCIAL CORPORATION

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ALTISOURCE SOLUTIONS S.À R.L.

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

SCHEDULE I

SERVICES

	 	 	 
	Service	 	Service Period (months)
	Valuation Services
	 	96
	 	 	 
	Property Preservation and Inspection
	 	96
	 	 	 
	REO Sales
	 	96
	 	 	 
	Trustee Services
	 	96
	 	 	 
	Title Services
	 	96
	 	 	 
	Due Diligence Services
	 	96
	 	 	 
	Mortgage Charge off Collection
	 	96
	 	 	 
	Mortgage Fulfillment and Underwriting Services
	 	96

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