Document:

Exhibit
10.42

 

FOURTH
COMMITMENT AMENDMENT TO

LOAN SALE
AND SERVICING AGREEMENT

 

THIS
FOURTH COMMITMENT AMENDMENT TO LOAN SALE AND SERVICING AGREEMENT (this “Fourth
Amendment”), dated as of November 1, 2014, is entered into by and among BRFC-Q 2010
LLC, a Delaware limited liability company, as seller (the “Seller”),
Quorum Federal Credit Union, a federally chartered credit union, as buyer (the “Buyer”),
Vacation Trust, Inc., a Florida Corporation, as Club Trustee (the “Club Trustee”),
U.S. Bank National Association, a national banking association, as custodian and paying agent (the “Custodian”),
Bluegreen Corporation, a Florida corporation, as servicer (the “Servicer”),
and Concord Servicing Corporation, an Arizona corporation, as backup servicer (the “Backup Servicer”).

 

RECITALS

 

WHEREAS,
the Buyer, the Seller, the Servicer and the Backup Servicer have previously entered into
that certain Loan Sale and Servicing Agreement, dated as of December 22, 2010, as amended by that certain Omnibus Amendment, dated
as of May 3, 2011 and as further amended by that certain First Commitment Amendment, dated as of March 1, 2012, that Second Commitment
Amendment, dated as of January 31, 2013, that Third Commitment Amendment dated as of April 1, 2014 and that First General Amendment
to Loan Sale and Servicing Agreement, dated as of April 1, 2014 (as may be amended, supplemented or restated from time to time,
the “Loan Sale and Servicing Agreement”).

 

WHEREAS,
Standard Definitions are attached to the Loan Sale and Servicing Agreement at Annex A (the
“Standard Definitions”).

 

WHEREAS,
the parties hereto desire to modify the Loan Sale and Servicing Agreement as set forth in
this Fourth Amendment.

 

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

 

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

 

1.          Amendment
of Standard Definitions. The following definitions shall replace the corresponding definition
in the Standard Definitions:

 

“Commitment
Period” and “Commitment Purchase Period” shall mean the period commencing on November 1, 2014 and
continuing until December 31, 2014.

 

2.          Choice
of Law and Venue. This Fourth Amendment shall be construed in accordance with the internal
laws of the State of New York.

 

3.          Binding
Effect. This Fourth Amendment shall inure to the benefit of and be binding upon the
parties to this Fourth Amendment and their successors and assigns.

 

4.          Counterpart
Execution. This Fourth Amendment may be executed in counterpart, and any number of copies
of this Fourth Amendment which in the aggregate have been executed by all parties to this Fourth Amendment shall constitute one
original.

 

     

     

    

 

5.          Time
is of the Essence. Time is of the essence in the performance of the obligations in this
Fourth Amendment.

 

6.          No
Third Party Beneficiary. No third party shall be a beneficiary hereof.

 

[Signatures
Appear on Next Page]

 

    	 	2	 

     

    

 

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

 

	THE BUYER:	QUORUM
    FEDERAL CREDIT UNION
	 	 	 
	 	By:	/s/ Bruno
    Sementilli
	 	 	Bruno
    Sementilli,
	 	 	President
    and CEO

 

	THE SELLER:	BRFC-Q
    2010 LLC
	 	 	 
	 	By:	/s/ Allan
    J. Herz
	 	 	Allan
    J. Herz
	 	 	President
    and Assistant Treasurer

 

	THE SERVICER:	BLUEGREEN
    CORPORATION
	 	 	 
	 	By:	/s/ Anthony
    M. Puleo
	 	 	Anthony
    M. Puleo
	 	 	Senior
    Vice President, CFO & Treasurer

 

	THE BACKUP SERVICER:	CONCORD
    SERVICING CORPORATION
	 	 	 
	 	By:	/s/ Sonja
    M. Yurkiw
	 	 	Sonja M. Yurkiw
	 	 	Vice
    President and General Counsel

 

	THE CUSTODIAN:	U.S. BANK
    NATIONAL ASSOCIATION, not in its individual capacity but solely as Custodian and Paying Agent hereunder
	 	 	 
	 	By:
    	/s/
    Michelle Moeller
	 	Printed
    Name: Michelle Moeller
	 	Title:
                   Vice President

 

	THE CLUB TRUSTEE:	VACATION
    TRUST, INC.,
	 	as
    Club Trustee
	 	 	 
	 	By:	/s/ Constance
    G. Dodd
	 	 	Constance
    G. Dodd
	 	 	President,
    Treasurer and Secretary

 

    	 	3Exhibit 10.43

 

FIFTH COMMITMENT AMENDMENT TO

LOAN SALE AND SERVICING AGREEMENT

 

THIS FIFTH COMMITMENT AMENDMENT TO LOAN
SALE AND SERVICING AGREEMENT (this “Fifth Amendment”), dated as of December 23, 2014, is entered into by and
among BRFC-Q 2010 LLC, a Delaware limited liability company, as seller (the “Seller”), Quorum Federal Credit Union,
a federally chartered credit union, as buyer (the “Buyer”), Vacation Trust, Inc., a Florida Corporation, as Club
Trustee (the “Club Trustee”), U.S. Bank National Association, a national banking association, as custodian and
paying agent (the “Custodian”), Bluegreen Corporation, a Florida corporation, as servicer (the “Servicer”),
and Concord Servicing Corporation, an Arizona corporation, as backup servicer (the “Backup Servicer”).

 

RECITALS

 

WHEREAS, the Buyer,
the Seller, the Servicer and the Backup Servicer have previously entered into that certain Loan Sale and Servicing Agreement, dated
as of December 22, 2010, as amended by that certain Omnibus Amendment, dated as of May 3, 2011 and that certain Omnibus Amendment
No. 2, dated as of February 7, 2012 and as further amended by that certain First Commitment Amendment, dated as of March 1, 2012,
that certain Second Commitment Amendment, dated as of January 31, 2013, that Third Commitment Amendment, dated as of April 1, 2014,
that First General Amendment to Loan Sale and Servicing Agreement, dated as of April 1, 2014, and that Fourth Commitment Amendment
dated as of November 1, 2014 (as may be amended, supplemented or restated from time to time, the “Loan Sale and Servicing
Agreement”).

 

WHEREAS, Standard
Definitions are attached to the Loan Sale and Servicing Agreement at Annex A (the “Standard Definitions”).

 

WHEREAS, the parties
hereto desire to modify the Loan Sale and Servicing Agreement as set forth in this Fifth Amendment.

 

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

 

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

 

1.           Amendment
of Standard Definitions.

 

(a)          The
following definitions shall replace the corresponding definition in the Standard Definitions:

 

“Commitment Period” and “Commitment
Purchase Period” shall mean the period commencing on January 1, 2015, and continuing until June 30, 2015.

 

2.           Choice
of Law and Venue. This Fifth Amendment shall be construed in accordance with the internal laws of the State of New York.

 

     

     

    

  

3.          Binding
Effect. This Fifth Amendment shall inure to the benefit of and be binding upon the parties to this Fifth Amendment and
their successors and assigns.

 

4.          Counterpart
Execution. This Fifth Amendment may be executed in counterpart, and any number of copies of this Fifth Amendment which
in the aggregate have been executed by all parties to this Fifth Amendment shall constitute one original.

 

5.          Time
is of the Essence. Time is of the essence in the performance of the obligations in this Fifth Amendment.

 

6.          No
Third Party Beneficiary. No third party shall be a beneficiary hereof.

 

[Signatures Appear on Next Page]

 

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

 

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

 

    	 	3Exhibit 10.44

 

OMNIBUS AMENDMENT NO. 2

 

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

 

RECITALS

 

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

 

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

 

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

 

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

 

     

     

    

  

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

 

“Expiration of Rescission
Period” shall mean the end of the statutory period under applicable jurisdiction permitting the Obligor’s cancelation
of the purchase of a vacation ownership interest.

 

“Non-United States
Obligors” shall have the meaning ascribed thereto in Section (hh) of Schedule I of the Loan Sale and Servicing Agreement
and the Purchase Agreement.

 

“Pre-Funding
Conditions” shall mean (a) the Expiration of Rescission Period without a rescission occurring; (b) satisfaction and
compliance with section 5.2 of the Loan Sale and Servicing Agreement; (c) completion of the boarding of the Timeshare Loan in
Servicer’s electronic records and servicing system; (d) confirmation by the Buyer that the Obligors have completed a
Quorum Membership Application; and (e) confirmation by the Buyer that the Seller accurately applied the Buyer’s
underwriting criteria specified in section 5.2 and Schedule I of the Loan Sale and Servicing Agreement with respect to the
timeshare loans.

 

“Sale Date”
shall mean the date on which the funding of a Sale by the Buyer occurs.

 

“Settlement and Funding
Notice” shall mean the notice provided by the Seller to the Buyer, in the form of Exhibit R attached hereto and
incorporated herein, confirming the Pre-Funding Conditions have been satisfied and establishing the proposed Sale Date.

 

2.          Deletion
of Defined Term. The defined term “Monthly Buyer Notice” and the definition ascribed thereto shall be deleted
from the Standard Definitions in Annex of the Transaction Documents.

 

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

 

(a) General Process.
During the Purchase Period, and subject to the terms and conditions of this Agreement, if the Seller elects to pursue a Sale,
the Seller shall on a Business Day deliver to the Buyer an electronic file detailing each timeshare loan the Seller is committed
to sell to the Buyer. Such commitment shall be memorialized on a weekly basis where Seller shall deliver to the Buyer a sales
notice substantially in the form of Exhibit E hereto (a “Sale Notice”) and the Sales Notice shall clearly
reference the individual electronic files detailing each timeshare loan. The Sale Notice shall be delivered by the Seller to the
Buyer no later than six (6) calendar days after the Expiration of Rescission Period related to such timeshare loans. Notwithstanding
the foregoing and the non-delivery of a Sale Notice with each individual electronic file detailing the identified timeshare loans
to be sold, the Seller remains committed to sell the timeshare loans to the Buyer, subject to the fulfillment of the Pre-Funding
Conditions required to be satisfied on the Sale Date. The Buyer may act without liability upon the basis of written notice believed
by the Buyer in good faith to be from the Seller (or from any Authorized Officer thereof designated in writing by the Seller to
the Buyer). The Buyer shall be entitled to rely conclusively on any Authorized Officer’s authority to request a Sale on behalf
of the Seller until the Buyer receives written notice to the contrary. The Buyer shall acknowledge the Sale Notice by returning
a signed copy to the Seller. The Buyer shall have no duty to verify the authenticity of the signature appearing on any written
Sale Notice.

 

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(b)       Commitment
Period. During the Commitment Period, the Buyer shall be obligated to purchase Eligible Timeshare Loans from the Seller such
that the Buyer’s Net Investment Amount equals the Minimum Required Amount subject only to (i) the Seller offering through a Sale
Notice to the Buyer Eligible Timeshare Loans with Loan Balances equal to at least the Minimum Required Amount, (ii) satisfaction
of the Pre-Funding Conditions, (iii) the monthly and annual limitations set forth in Section 2.5, and (iv) there being no occurrence
and continuance of a Purchase Termination Event. Following delivery of the Sale Notice and satisfaction of the Pre-Funding Conditions,
the Seller shall deliver to the Buyer a list of Timeshare Loans ready for funding along with the Settlement and Funding Notice.
The Buyer shall issue a commitment purchase confirmation with such terms as are contained in the form of Exhibit F1 attached
hereto and incorporated herein by this reference (a “Buyer Commitment Purchase Confirmation”) by 5:00 p.m.
(New York City time) on the third (3rd) Business Day from the date of the Settlement and Funding Notice. The Buyer Commitment
Purchase Confirmation shall note any Timeshare Loans that do not constitute an Eligible Timeshare Loan and shall establish a Sale
Date no later than two (2) Business Days from the date of the Buyer Commitment Purchase Confirmation. The Buyer shall deposit
the Initial Purchase Price Installment in immediately available funds, no later than 12:00 p.m. (New York City time) on the related
Sale Date, to the account designated by the Seller. Notwithstanding the foregoing, the Seller and Buyer hereby covenant and agree
that all of the terms of the Buyer Commitment Purchase Confirmation shall be established in a fully executed commitment purchase
period terms letter in the form attached hereto as Exhibit S (the “Commitment Purchase Period Terms Letter”)
delivered by Buyer to Seller.

 

(c)         After
the Commitment Period. After the expiration of the Commitment Period, if the Seller delivers a Sale Notice to the Buyer and
if the Buyer intends to enter into such Sale with the Seller upon such terms, then the Buyer shall confirm, by signing and returning
such Sale Notice to the Seller within one Business Day. Within a reasonable period following the Sale Notice, the Seller shall
deliver to the Buyer a list of Timeshare Loans ready for funding along with the Settlement and Funding Notice. The Buyer shall
issue a purchase confirmation in substantially the form in Exhibit F2 attached hereto (a “Buyer Purchase Confirmation”)
by 5:00 p.m. (New York City time) on the third (3rd) Business Day from the date of the Settlement and Funding Notice. The Buyer
Purchase Confirmation shall specify items including the following (w) the Buyer Purchase Price Percentage, (x) the Initial Purchase
Price Installment for such Sale Date Loan Pool, (y) the Program Fee Rate, and (z) any fees and expenses payable by the Seller
to the Buyer. The Buyer Commitment Purchase Confirmation shall note any Timeshare Loans that do not constitute an Eligible Timeshare
Loan and shall establish a Sale Date no later than two (2) Business Days from the date of the Buyer Commitment Purchase Confirmation.
If the Seller decides to reject any Buyer Purchase Confirmation, it must provide notice to the Buyer no later than 5:00 p.m. (New
York City time) on the Business Day immediately following the date of the Buyer Commitment Purchase Confirmation. The Buyer shall
deposit the Initial Purchase Price Installment in immediately available funds, no later than 12:00 p.m. (New York City time) on
the related Sale Date, to the account designated by the Seller.

 

    	 	 	3

     

    

  

4.           Section
5.2(n) of the Loan Sale and Servicing Agreement is deleted in its entirety and replaced with the following:

 

(n)        each
Sale Date Loan Pool as of the related Sale Date shall not cause the weighted average FICO Score of the Aggregate Loan Balance
to be less than 675; provided, however, that (i) Non-United States Obligors do not require a FICO Score, and (ii) the sum of the
Timeshare Loans that are (a) Timeshare Loans from United States resident Obligors without a FICO Score and (b) Timeshare Loans
with a FICO Score equal to or greater than 575 and less than or equal to 599, shall not exceed two and one-half percent (2.5%)
of the Aggregate Loan Balance.

 

5.          Section
(hh) of Schedule I of the Loan Sale and Servicing Agreement is hereby deleted in its entirety and replaced with the following:

 

(hh)      the
percentage of Timeshare Loans where the Obligor is not a resident of the United States, Canada, Puerto Rico, U.S. military bases,
or U.S. Territories (“Non-United States Obligors”) does not exceed two percent (2%) of the Aggregate Loan Balance
of Timeshare Loans in the Aggregate Sale Date Loan Pool;

 

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

 

7.           Exhibit
R to the Loan Sale and Servicing Agreement is deleted in its entirety and replaced with the Settlement and Funding Notice
in the form attached hereto.

 

8.          Notwithstanding
any terms in the Loan Sale and Servicing Agreement to the contrary, the parties agree to modify the purchase and funding process
as described in this Omnibus Amendment No. 2 in order to more fully reflect the intent of the Buyer and to comply with the directives
and requirements of the NCUA.

 

9.          Except
as specifically set forth herein, this Omnibus Amendment No. 2 shall not modify, alter, change, or affect any of the other terms
or conditions of the Loan Sale and Servicing Agreement. All capitalized terms herein shall have the meaning given to them in the
Loan Sale and Servicing Agreement, unless otherwise provided herein.

 

(Signature Page Follows)

 

    	 	 	4

     

    

  

IN WITNESS WHEREOF, the
parties hereto have executed this Omnibus Amendment 2 as of the date set forth above.

 

	BLUEGREEN:	BLUEGREEN CORPORATION
	 	 	 
	 	By:	/s/ Anthony M. Puleo
	 	 	Anthony M. Puleo
	 	 	Senior Vice President, CFO & Treasurer

 

	THE BUYER:	QUORUM FEDERAL CREDIT UNION
	 	 
	 	By:	/s/ Bruno Sementilli
	 	 	Bruno Sementilli
	 	 	President and CEO

 

	THE SELLER:	BRFC-Q 2010 LLC
	 	 
	 	By:	/s/ Allan J. Herz
	 	 	Allan J. Herz
	 	 	President and Assistant Treasurer

 

	THE SERVICER:	BLUEGREEN CORPORATION
	 	 
	 	By:	/s/ Anthony M. Puleo
	 	 	Anthony M. Puleo
	 	 	Senior Vice President, CFO & Treasurer

 

	THE BACKUP SERVICER:	CONCORD SERVICING CORPORATION
	 	 
	 	By:	/s/ Sonja M. Yurkiw
	 	Printed Name:  Sonja M.
    Yurkiw
	 	Title:  VP &
    General Counsel

 

	THE CUSTODIAN:	U.S. BANK NATIONAL ASSOCIATION,
    not
	 	in its individual capacity but solely
    as Custodian and
	 	Paying Agent hereunder
	 	 
	 	By:	/s/ Michelle Moeller
	 	Printed Name: Michelle Moeller
	 	Title: Voice President

 

	THE CLUB TRUSTEE:	VACATION TRUST, INC.,
	 	as Club Trustee
	 	 
	 	By:	/s/ Constance G. Dodd
	 	 	Constance G. Dodd
	 	 	President, Treasurer and Secretary

  

    	 	 	5

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