Document:

Exhibit 10.3

 

DATA CENTER AND DISASTER RECOVERY SERVICES AGREEMENT

 

This DATA CENTER AND DISASTER RECOVERY SERVICES AGREEMENT (this “Agreement”), dated as of October 1, 2012 (the “Effective Date”), is between Altisource Solutions S.à r.l., a private limited liability company organized under the laws of the Grand Duchy of Luxembourg (together with its Affiliates, “Provider”), and Ocwen Mortgage Servicing, Inc., a corporation organized under the laws of the United States Virgin Islands (together with its Affiliates, “Customer”).

 

WHEREAS, Customer desires to receive, and Provider is willing to provide, or cause to be provided, certain data center and disaster recovery services in connection with Customer’s 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

 

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

 

2.                        SERVICES

 

2.1                               Services.  During the term of this Agreement, Provider shall provide to Customer the services set forth on Exhibit A (the “Services”) on the terms and conditions set forth in this Agreement.

 

2.2                               Additional Services.  Customer may request, and Provider may provide, additional services (“Additional Services”) upon terms and rates that shall be mutually agreed to in writing between the parties in an addendum (“Addendum”) to this Agreement.  Each Addendum shall be appended to this Agreement and incorporated into this Agreement by this reference.

 

2.3                               Right of First Opportunity.

 

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

 

(b)         If, at the end of the Exclusive Tender Period, the Provider and the Customer do not agree on the proposed Addendum, the Customer may solicit proposals from third parties with respect to the Additional Service; provided, however, that the Customer shall not disclose any information received from the Provider, whether

 

1

 

verbal or written, in the proposed Addendum or during the Exclusive Tender Period negotiations, and such information shall be subject to the confidentiality terms hereof.

 

2.4                               Alternatively to the procedures set forth in Section 2.3, Customer may solicit proposals or negotiate with third parties with respect to an Additional Service (such third parties referred to as “Third Party Additional Service Providers”) during the Exclusive Tender Period so long as:

 

(a)         at least fifteen Business Days prior to engaging any Third Party Additional Service Provider, Customer shall disclose to Provider 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”);

 

(b)         within ten Business Days of receipt of any Third Party Additional Service Offer, Provider 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

 

(c)          if the fees set forth in the Matching Offer do not exceed the fees set forth in the Third Party Additional Services Offer, Customer 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 may accept the Third Party Additional Services Offer.

 

2.5                               Status Report.  Provider shall provide Customer with status reports as mutually agreed to by the parties that shall detail the status of the Services.

 

3.                        RESPONSIBILITIES OF CUSTOMER

 

Customer shall assist Provider by promptly providing such information and access to Customer’s facilities, computer networks, and other systems as Provider may reasonably request to enable Provider to timely perform its obligations.  Customer shall provide a sufficient number of its personnel to assist Provider in completing the Services in a timely manner to the extent Provider may reasonably request from time to time.

 

4.                        FEES

 

4.1                               Fees.  Customer shall pay Provider for the Services and Additional Services at the rates set forth in a separate fee letter to be delivered by Provider to Customer dated (i) as of the date hereof, with respect to the Services, and (ii) as of the date of agreement to provide Additional Services, if any, with respect to Additional Services (collectively, the “Data Center and Disaster Recovery Services Fee Letter”), as applicable ((i) and (ii) referred to collectively as the “Fees”).

 

4.2                               Provider shall submit statements of account to the Customer on a monthly basis with respect to all amounts payable by the Provider to the Customer hereunder (the “Invoiced Amount”), setting out the Services provided and the amount billed to the Customer as a result of providing such Services (together with, in arrears, any other invoices for Services provided by third parties, in each case setting out the Services provided by the applicable third parties).  The Customer shall pay the Invoiced Amount to the Provider by wire transfer of immediately available funds to an account or accounts specified by the Provider, or in such other manner as specified by the Provider in writing, or otherwise reasonably agreed to by the Parties, within thirty (30) days of the date of delivery to the Customer of the applicable statement of account; provided, that, in the event of any dispute as to an Invoiced Amount, the Customer 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.

 

2

 

4.3                               Taxes.  Customer shall be responsible for, and shall pay or reimburse Provider for, any sales, use, import, excise, value added, or other taxes or levies (other than Provider’s income taxes) associated with this Agreement.

 

5.                        TERM AND TERMINATION

 

5.1                               Term.

 

(a)         Initial Term.  This Agreement shall commence on the Effective Date and shall continue in full force and effect, subject to Section 5.1(b), until August 31, 2020 (the “Initial Term”), or the earlier date upon which this Agreement has been otherwise terminated in accordance with the terms hereof.

 

(b)         Renewal Term.  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 Additional Service hereunder upon the expiration of the Initial Term 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.

 

5.2                               Termination by Either Party.

 

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

 

(b)         If a party (i) becomes insolvent, (ii) files a petition in bankruptcy or insolvency, is adjudicated bankrupt or insolvent or files any petition or answer seeking reorganization, readjustment, or arrangement of its business under any law relating to bankruptcy or insolvency, or if a receiver, trustee, or liquidator is appointed for any of the property of the party and within sixty (60) days thereof such party fails to secure a dismissal thereof, or (iii) makes any assignment for the benefit of creditors, then and in that event only, the party that is not the subject of such proceedings may terminate this Agreement immediately upon written notice.

 

5.3                               Consequences of Termination.  Customer shall be liable for all Fees incurred prior to the date of termination and shall not be entitled to a refund of any Fees paid prior to the date of termination.  Furthermore, in the event either party terminates this Agreement in accordance with Section 5.2 and, prior to such termination, Provider has entered into one or more leases or third party contracts for purposes of providing the Services to Customer (such leases and contracts referred to as the “Designated Contracts”), Customer shall also be liable for (a) unamortized lease costs associated with the Designated Contracts and (b) the Customer’s pro rata share (as of the date of termination) of the present value (calculated by reference to the prime rate charged by JPMorgan Chase Bank, N.A. (or its successor)) of the remaining contractual payments due under such Designated Contracts. Provider shall have a duty to mitigate the costs referred to in clauses (a) and (b) above by making a good faith effort to sublease the Customer’s allocated portion of the space leased pursuant to any Designated Contracts following any such termination and to otherwise mitigate any other third party contractual costs.  In addition, in the event of termination, each party shall return or destroy all of the other party’s Information (as defined below) in accordance with Section 6.2.

 

3

 

6.                        CONFIDENTIAL INFORMATION

 

6.1                               Subject to Section 6.2, each of Provider and Customer, on behalf of itself and each of its subsidiaries, 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 Customer pursuant to policies in effect as of the Effective Date, all Information, whether or not patentable or copyrightable, in written, oral, electronic, or other tangible or intangible forms, stored in any medium, including studies, reports, records, books, contracts, instruments, surveys, discoveries, ideas, concepts, know-how, techniques, designs, specifications, drawings, blueprints, diagrams, models, prototypes, samples, flow charts, data, computer data, disks, diskettes, tapes, algorithms, computer programs or other software, marketing plans, customer names, communications by or to attorneys (including attorney-client privileged communications), memos, and other materials prepared by attorneys or under their direction (including attorney work product), and other technical, financial, employee, or business information or data (“Information”) concerning the other party and its subsidiaries that is either in its possession (including Information in its possession prior to the Effective Date) or furnished by the other party and its subsidiaries and affiliates 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 of its subsidiaries 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 of its subsidiaries), which sources are not known by such party to be themselves bound by a confidentiality obligation, or (iii) independently generated without reference to any proprietary or confidential Information of the other party or any of its subsidiaries.

 

6.2                               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 6.1) to any other individual, a general or limited partnership, a corporation, a trust, a joint venture, an unincorporated organization, a limited liability entity, or any other entity, and any Governmental Authority (as defined below) (each, a “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 6.3. 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).

 

6.3                               In the event that either party or any of its subsidiaries 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 federal, state, local, foreign or international court, government, department, commission, board, bureau, agency, official or other legislative, judicial, regulatory, administrative or governmental authority (a “Governmental Authority”) to disclose or provide Information of the other party (or any of its subsidiaries) 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.

 

6.4                               Customer Information.  Notwithstanding anything in this Agreement, Provider shall not disclose to any third party any “Consumer” information (as defined in the Gramm-Leach-Bliley Act of 1999) about a customer of Customer that is supplied to it by Customer, unless and only to the extent that such disclosure is approved, in writing, by Customer.  To protect the privacy of Information concerning Consumers, Provider agrees that it shall: (a) limit access to information concerning consumers to Provider’s employees who have a need to know, and then only to the extent that such disclosure is reasonably necessary for the performance of Provider’s

 

4

 

duties and obligations under this Agreement; (b) use information concerning Consumers solely to carry out the purposes of this Agreement for which the information was disclosed and for no other purposes; and (c) safeguard and maintain the confidentiality of the Consumer information and not directly or indirectly disclose the same to any other person or entity in violation of the Gramm-Leach-Bliley Act of 1999 or any other applicable laws regarding privacy.

 

7.                        WARRANTIES; LIMITATION OF LIABILITY; INDEMNITY

 

7.1                               Other than the statements expressly made by Provider in this Agreement or in any Addendum, Provider makes no representation or warranty, express or implied, with respect to the Services or Additional Services and, except as provided in Section 7.2 hereof, Customer hereby waives, releases, and renounces all other representations, warranties, obligations, and liabilities of Provider, and any other rights, claims, and remedies of Customer against Provider, express or implied, arising by law or otherwise, with respect to any nonconformance, durability, error, omission, or defect in any of the Services or Additional Services, including (a) any implied warranty of merchantability, fitness for a particular purpose, or non-infringement, (b) 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 Provider.

 

7.2                               None of Provider 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 Provider or such person under or in connection with this Agreement, except that Provider shall be liable for direct damages or losses incurred by Customer or any of Customer’s subsidiaries or affiliates (either party’s subsidiaries and affiliates, collectively referred to as such party’s “Group”) arising out of the gross negligence or willful misconduct of Provider 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 Additional Services.

 

7.3                               In no event shall (i) the amount of damages or losses for which Provider and Customer may be liable under this Agreement exceed the fees due to Provider for the most recent six (6) month period under the applicable Service or Addendum, provided that if Services have been performed for less than six (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 Provider may be liable under this Agreement exceed one million dollars ($1,000,000); provided, that, no such cap shall apply to liability for damages or losses arising from or relating to breaches of Section 6 (relating to confidentiality), infringement of Intellectual Property (as defined in the Intellectual Property Agreement between Ocwen and Altisource, dated October 1, 2012, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof (the “Intellectual Property Agreement”)) or fraud or criminal acts.  Except as provided in Section 7.2 hereof, none of Provider 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.

 

7.4                               Notwithstanding anything to the contrary herein, none of Provider 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 Customer or any of Customer’s Affiliates for any action taken or omitted to be taken by Provider 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, Customer or any of Customer’s Affiliates.

 

7.5                               Without limiting Section 7.2 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

 

5

 

consequential, incidental, 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 7.5 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 Provider’s Group or Customer’s Group for any incidental, consequential, indirect, special or punitive damages.

 

7.6                               Customer shall indemnify and hold Provider 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 Provider 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 or Additional Services provided hereunder, except those damages, claims, or losses incurred by Provider or such other person arising out of the gross negligence or willful misconduct by Provider or such other person.

 

8.                        MISCELLANEOUS

 

8.1                               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.

 

8.2                               This Agreement, the schedules hereto, and the Data Center and Disaster Recovery Services 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.

 

8.3                               Customer represents on behalf of itself and each other member of the Customer’s Group, and Provider represents on behalf of itself and each other member of the Provider’s Group, as follows:

 

(a)         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

 

(b)         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.

 

8.4                               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.

 

8.5                               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.

 

8.6                               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 facsimile (except that, if not sent during normal business hours for the recipient, then at the opening of business on the next business day for the recipient) to the facsimile numbers set forth below, or (c) deposited in the United States mail or private express mail, postage prepaid, addressed as follows:

 

6

 

If to Customer, to:

 

Ocwen Mortgage Servicing, Inc.

402 Strand Street

Frederiksted, United States Virgin Islands 00840-3531

Attn:   Corporate Secretary

Facsimile number:

 

If to Provider, to:

 

Altisource Solutions S.à r.l.

291 route d’Arlon

L-1150 Luxembourg

Attn: Corporate Secretary

Facsimile number: 352-2744-9499

With a copy to: contractmanagement@altisource.com

 

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

 

8.7                               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.

 

8.8                               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.

 

8.9                               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.

 

8.10                        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.

 

8.11                        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.

 

8.12                        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

 

7

 

(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 8.11.  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.

 

8.13                        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 to irrevocably 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 8.13 may be served on any party to this Agreement anywhere in the world.

 

9.                        INTELLECTUAL PROPERTY

 

9.1                               Customer’s and Provider’s respective rights to any present and future intellectual property is set forth in the Intellectual Property Agreement.

 

10.                 COOPERATION; ACCESS

 

10.1                        Customer shall, and shall cause its Group to, permit Provider and its employees and representatives access, on business days and during hours that constitute regular business hours for Customer and upon reasonable prior request, to the premises of Customer and its Group and such data, books, records, and personnel designated by Customer and its Group as involved in receiving or overseeing the Services as Provider may reasonably request for the purposes of providing the Services.  Provider shall provide Customer, upon reasonable prior written notice, such documentation relating to the provision of the Services as Customer may reasonably request for the purposes of confirming any amounts payable pursuant to this Agreement.  Any documentation so provided to Provider pursuant to this Section will be subject to the confidentiality obligations set forth in Section 6 of this Agreement.

 

10.2                        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 Customer shall be William C. Erbey and the initial Relationship Executive designated by Provider 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.

 

11.                 PUBLIC ANNOUNCEMENTS

 

11.1                        No party to this Agreement shall make, or cause to be made, any press release or public announcement or otherwise communicate with any news 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

 

8

 

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.

 

12.                 RELATIONSHIP OF THE PARTIES

 

12.1                        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.

 

13.                 FORCE MAJEURE

 

13.1                        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 a 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.

 

14.                 NON-SOLICITATION

 

14.1                        Customer acknowledges that the value to Provider of its business and the transactions contemplated by this Agreement would be substantially diminished if such Customer or any of its Affiliates were to solicit the employment of or hire any employee of Provider or any member of its Group performing Services or who has performed Services hereunder.  Accordingly, Customer 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 Provider, or cause any other Person to hire, employ, or retain, or otherwise encourage or cause to leave employment with Provider or any of its Affiliates, any Person who is or was employed by Provider 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.

 

15.                 WAIVER OF JURY TRIAL

 

15.1                        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.

 

Signatures on Following Page

 

9

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first written above.

 

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

 

10

 

EXHIBIT A
  TO
  DATA CENTER AND DISASTER RECOVERY SERVICES AGREEMENT

 

	
Description of Services
    	
 
    	
Provider   shall, in accordance with such performance standards, rules, and further   instructions as Customer makes available to Provider from time to time,   provide data center and disaster recovery services to Customer.
    
	
 
    	
 
    	
 
    
	
Payment Terms
    	
 
    	
Provider   shall invoice Customer on a twice-monthly basis for the Fees for the Services   and any Additional Services. Customer shall pay all sums due in U.S. Dollars   within thirty (30) days following the date of receipt of any invoice.   Customer shall pay a late charge of 2% per annum above the prime rate charged   by JPMorgan Chase Bank, N.A. (or its successor) or the highest rate allowed   by law, whichever is less, on all amounts not paid to Provider when due. In   addition, Customer shall reimburse Provider for all costs of collection of   overdue amounts, including any reasonable attorneys’ fees.
    
	
 
    	
 
    	
 
    
	
Compliance with Law
    	
 
    	
Each   party acknowledges and agrees that it shall be solely liable for compliance   with any local law, rule, or regulation applicable to its business,   operations, employees, and otherwise, except that CUSTOMER ACKNOWLEDGES AND   AGREES THAT IT SHALL BE SOLELY LIABLE FOR ANY VIOLATION OF APPLICABLE LAW,   RULE, OR REGULATION CAUSED BY THE PROVIDER’S PERFORMANCE OF THE SERVICES IN   COMPLIANCE WITH THE CUSTOMER’S INSTRUCTIONS
    

 

1

 

EXHIBIT B

 

If to Customer:

 

Ocwen Mortgage Servicing, Inc.

402 Strand Street

Frderiksted, Virgin Islands 00840-3531

Attn:  Corporate Secretary

Facsimile number:

 

If to Provider:

Altisource Solutions S.à r.l.

291 route d’Arlon

L-1150 Luxembourg

Attn: Corporate Secretary

Facsimile number: 352-2744-9499

 

With a copy to: contractmanagement@altisource.com

 

1Exhibit 10.4

 

INTELLECTUAL PROPERTY AGREEMENT

 

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

 

RECITALS

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

1

 

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.

 

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

 

“Governmental Authority” shall mean any federal, state, local, foreign, or international court, government, department, commission, board, bureau, agency, official, or other legislative, judicial, regulatory, administrative, or governmental authority.

 

“Intellectual Property” means all domestic and foreign patents, copyrights, trade names, domain names, trademarks, service marks, registrations and applications for any of the foregoing, databases, mask works, Confidential Information, inventions (whether or not patentable or patented), processes, know-how, procedures, computer applications, programs and other software, including operating software, network software, firmware, middleware, design software, design tools, systems documentation, manuals, and instructions, other proprietary information, and licenses from third parties granting the right to use any of the foregoing.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

2

 

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

 

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

 

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

 

“Section” means any enumerated paragraph of this Agreement.

 

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

 

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

 

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

 

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

 

“Territory” means the United States and its territories.

 

2.                        Altisource Grant of License; Reservation of Rights

 

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

 

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

 

3

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

3.                        [Reserved].

 

4

 

4.                        Royalties

 

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

 

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

 

5.                        Term and Renewal.

 

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

 

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

 

6.                        Quality Control

 

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

 

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

 

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

 

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

 

e)                Ocwen shall be permitted to use any designs, materials, packages, labels, promotional materials, and advertising materials in relation to any goods or services approved by Altisource; provided, however, that in the

 

5

 

event that, after the Effective Date, any such design, material, package, label, promotional material, or advertising material is materially modified, or the manner in which any of the foregoing is used is proposed to be materially modified, Ocwen shall obtain the written approval of Altisource  (such approval not to be unreasonably withheld) for such design, material, package, label, promotional material, advertising material, or such modified use thereof prior to any use thereof.

 

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

 

8.                        Intellectual Property Rights Ownership.

 

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

 

b)               [Reserved].

 

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

 

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

 

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

 

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

 

g)                [Reserved].

 

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

 

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

 

j)                  Within one hundred and twenty (120) days of the Effective Date, Altisource shall establish and maintain a copy of the source code and the object code for all Licensed Software, along with programmer’s notes

 

6

 

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

 

9.                        Confidentiality

 

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

 

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

 

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

 

10.                 Termination

 

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

 

b)               If a Party (i) becomes insolvent, (ii) files a petition in bankruptcy or insolvency, is adjudicated bankrupt or insolvent, or files any petition or answer seeking reorganization, readjustment, or arrangement of its business under any law relating to bankruptcy or insolvency, or if a receiver, trustee, or liquidator is appointed for any of the property of the Party and within sixty (60) days thereof such Party fails to secure a dismissal thereof, or (iii)

 

7

 

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.

 

11.                 Post-Termination; Expiration of Rights and Obligations

 

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

 

b)               [Reserved].

 

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

 

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

 

12.                 Notice of Infringement and Cooperation

 

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

 

b)               [Reserved].

 

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

 

13.                 Dispute Resolution. It is the intent of the Parties to use reasonable best efforts to resolve expeditiously any dispute, controversy, or claim between or among them with respect to the matters covered hereby that may arise from time to time on a mutually acceptable negotiated basis.  In furtherance of the foregoing, a Party involved in a

 

8

 

dispute, controversy, or claim may deliver a notice (an “Escalation Notice”) demanding an in-person meeting involving representatives of the Parties at a senior level of management (or if the Parties agree, of the appropriate strategic business unit or division within such entity).  A copy of any such Escalation Notice shall be given to the General Counsel, or like officer or official, of the Party involved in the dispute, controversy or claim (which copy shall state that it is an Escalation Notice pursuant to this Agreement).  Any agenda, location, or procedures for such discussions or negotiations between the Parties may be established by the Parties from time to time; provided, however, that the Parties shall use commercially reasonable efforts to meet within thirty (30) days of the Escalation Notice.

 

14.                 Indemnification.

 

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

 

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

 

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

 

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

 

9

 

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

 

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

 

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

 

18.                 Costs and Expenses

 

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

 

b)               In the event that Ocwen does not make any payment required under the provisions of this Agreement to Altisource when due in accordance with the terms hereof, Altisource may, at its option, charge Ocwen interest on the unpaid amount at the rate of 2% per annum above the prime rate charged by JPMorgan Chase Bank, N.A. (or its successor).  In addition, Ocwen shall reimburse Altisource  for all costs of collection of overdue amounts, including any reasonable attorneys’ fees.

 

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

 

19.                 Miscellaneous

 

a)               Counterparts; Entire Agreement; Corporate Power.

 

(i)                       This Agreement may be executed in one or more counterparts, including by facsimile, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each party hereto or thereto and delivered to the other parties hereto or thereto.

 

(ii)                    This Agreement and the exhibits and schedules hereto, including the IP Fee Letter,  contain the entire agreement between the Parties with respect to the subject matter hereof, supersede all previous agreements, negotiations, discussions, writings, understandings, commitments, and conversations with respect to

 

10

 

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, that either Party may assign this Agreement without the consent of the other party to any third party that acquires, by any means, including by merger or consolidation, all or substantially all the consolidated assets of such Party, subject to Section 8(j) in the case of a Software Change of Control.  Further, any assignee of any licensed Intellectual Property hereunder or any Person who acquires any right or title to any Licensed Intellectual Property following a Software Change of Control or otherwise shall take such Licensed Intellectual Property subject to the license set forth herein.  Any purported assignment in violation of this Section 19(c) shall be void and shall constitute a material breach of this Agreement.

 

d)                         Third-Party Beneficiaries.  Except for the indemnification rights under this Agreement of any Ocwen Indemnitee or Altisource Indemnitee in their respective capacities as such, (a) the provisions of this Agreement are solely for the benefit of the Parties hereto and are not intended to confer upon any Person except the Parties hereto any rights or remedies hereunder, and (b) there are no third-party beneficiaries of this Agreement and this Agreement shall not provide any third person with any remedy, claim, liability, reimbursement, cause of action, or other right in excess of those existing without reference to this Agreement.

 

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

 

If to Ocwen, to:

 

Ocwen Mortgage Servicing, Inc.

402 Strand Street

Frederiksted, Virgin Islands 00840-3531

Attn:                    Corporate Secretary

Facsimile number:

 

If to Altisource, to:

 

Altisource Solutions S.à r.l.

291 route d’Arlon

L-1150 Luxembourg

Attn: Corporate Secretary

Facsimile number: 352-2744-9499

With a copy to: contractmanagement@altisource.com

 

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

 

11

 

f)                           Severability.  If any provision of this Agreement or the application thereof to any Person or circumstance is determined by a court of competent jurisdiction to be invalid, void, or unenforceable, the remaining provisions hereof or thereof, or the application of such provision to Persons or circumstances or in jurisdictions other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired, or invalidated thereby, so long as the economic or legal substance of the transactions contemplated hereby or thereby, as the case may be, is not affected in any manner materially adverse to either Party.  Upon any such determination, the Parties shall negotiate in good faith in an effort to agree upon a suitable and equitable provision to effect the original intent of the Parties.

 

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

 

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

 

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

 

j)                            Specific Performance.  In the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the Party or Parties who are to be hereby or thereby aggrieved shall have the right to specific performance and injunctive or other equitable relief of its rights under this Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative.  The other Party or Parties shall not oppose the granting of such relief.  The Parties to this Agreement hereby agree that the remedies at law for any breach or threatened breach hereof, including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at law would be adequate is waived.  Any requirements for the securing or posting of any bond with such remedy are waived.

 

k)                         Amendments.  No provisions of this Agreement shall be deemed waived, amended, supplemented, or modified by any Party hereto, unless such waiver, amendment, supplement, or modification is in writing and signed by the authorized representative of the Party against whom it is sought to enforce such waiver, amendment, supplement, or modification.

 

l)                             Interpretation.  Words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include the other genders as the context requires.  The terms “hereof,” “herein,” and “herewith,” and words of similar import, unless otherwise stated, shall be construed to refer to this Agreement as a whole (including all of the schedules and exhibits hereto) and not to any particular provision of this Agreement. Section, Exhibit, and Schedule references are to the sections, exhibits, and schedules of or to this Agreement unless otherwise specified.  Any reference herein to this Agreement, unless otherwise stated, shall be construed to refer to this Agreement as amended, supplemented, or otherwise modified from time to time, as permitted by the terms hereof.  The word “including” and words of similar import when used in this Agreement shall mean “including, without limitation,” unless the context otherwise requires or unless otherwise specified.  The word “or” shall not be exclusive.  There shall be no presumption of interpreting this Agreement or any provision hereof against the draftsperson of this Agreement or any such provision.

 

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

 

12

 

only in any such court, and agrees not to bring any action or proceeding arising out of or relating to this Agreement in any other court.  The Parties to this Agreement agree that any of them may file a copy of this paragraph with any court as written evidence of the knowing, voluntary, and bargained agreement between the Parties hereto irrevocably to waive any objections to venue or to convenience of forum.  Process in any action or proceeding referred to in the first sentence of this Section may be served on any Party to this Agreement anywhere in the world.  Neither Party hereto may bring an action against the other under this Agreement (whether for breach of contract, negligence or otherwise) more than twelve (12) months after that Party becomes aware of the cause of action or one (1) year after the termination of this Agreement, whichever is shorter.

 

n)                         WAIVER OF JURY TRIAL.  EACH PARTY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY, WAIVES (TO THE EXTENT PERMITTED BY APPLICABLE LAW) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY DISPUTE ARISING UNDER OR RELATING TO THIS AGREEMENT AND AGREES THAT ANY SUCH DISPUTE SHALL BE TRIED BEFORE A JUDGE SITTING WITHOUT A JURY.

 

o)                         Relationship.  The Parties are independent contractors and neither Party is an employee, partner or joint venturer of the other.  Under no circumstances shall any of the employees of a Party be deemed to be employees of the other Party for any purpose.  No Party shall have the right to bind the other Party to any agreement with a third party or to represent itself as a partner or joint venturer of the other by reason of this Agreement.

 

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

 

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

 

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

 

Signatures on Following Page

 

13

 

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

 

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

 

14

 

SCHEDULE I

 

ALTISOURCE INTELLECTUAL PROPERTY

 

Part A to Schedule I of Intellectual Property Agreement:

 

Patents

 

Patents

Issued

 

	
U.S. PTO Patent No.
    	
 
    	
Issue Date
    	
 
    	
Title
    	
 
    	
Inventors
    
	
7,412,418
    	
 
    	
8/12/2008
    	
 
    	
Expense   Tracking, Electronic Ordering, Invoice Presentment, and Payment System   and Method
    	
 
    	
William   C. Erbey, Russell Bulman, Robert J. Leist, Mary Edgecomb, Donald Vetal,   Armand Bonola, Stephanie Hudson, Jeffrey Neufeld, Debra Toussaint-Blackman,   Rosemary Weaver, Sandra Blum, Federico Bucspun
    

 

Pending

 

	
Ser. No.
    	
 
    	
Filing Date
    	
 
    	
Title
    	
 
    	
Inventors
    
	
U.S.
   10/918,699
    	
 
    	
8/16/2004
    	
 
    	
Method   and System for Providing Customer Relations Information
    	
 
    	
William   C. Erbey, Scott Paul Conradson
    
	
U.S.
   10/937,879
    	
 
    	
9/10/2004
    	
 
    	
Method   and System for Vendor Management
    	
 
    	
Ralph   J. Behmoiras
   William C. Erbey
   Arthur J. Castner
   Christopher Kennedy
   Keith S. Reno
    
	
U.S.
   09/512,845
    	
 
    	
2/25/2000
    	
 
    	
Method   for Workflow Processing Through Computer Network
    	
 
    	
Ravi   Ramanathan
   Edmund M. Johnson
   Michael A. Graves
    
	
U.S.
   10/408,079
    	
 
    	
4/4/2003
    	
 
    	
Method   and Apparatus for Providing Selective Access to Information
    	
 
    	
Scott   William Anderson
    

 

	
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 
    	
 
    	
Christopher   M. Ruby
   Chase N. Tessman 
    

 

1

 

	
 
    	
 
    	
 
    	
 
    	
with   Multiple Disparate Database
    	
 
    	
Michael   R. Langolf
    
	
U.S.
   11/141,209
    	
 
    	
6/1/2005
    	
 
    	
Call   Center Services System and method
    	
 
    	
Dale   Pickford
    
	
U.S.
   11/301,247
    	
 
    	
12/13/2005
    	
 
    	
Product   Optimizer
    	
 
    	
Christopher   Kennedy
   William Erbey
   Bryan Hurley
    
	
U.S.
   11/727,225
    	
 
    	
4/4/2003
    	
 
    	
Method   and Apparatus for Providing Selective Access to Information
    	
 
    	
Scott   William Anderson
    
	
U.S.
   11/803,306
    	
 
    	
5/22/2006
    	
 
    	
Method   and system for Loan Closing
    	
 
    	
William   Erbey
   Christopher Kennedy
   Bryan Hurley
    

 

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

 

2

 

	
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; 
    

 

3

 

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
    

 

4

 

	
United   States of America
    	
 
    	
REALSynergy   Logo (Black & White)
    	
 
    	
3334360
    	
 
    	
09
    
	
United   States of America
    	
 
    	
REALTRANS
    	
 
    	
2470168
    	
 
    	
38
    
	
United   States of America
    	
 
    	
WE   MAKE YOUR LOANS WORTH MORE
    	
 
    	
3410572
    	
 
    	
35,   36
    
	
Benelux
    	
 
    	
ALTISOURCE*
    	
 
    	
1179382
    	
 
    	
09,   35, 36, 38, 39, 42
    
	
Benelux
    	
 
    	
ALTISOURCE   PORTFOLIO SOLUTIONS*
    	
 
    	
1179383
    	
 
    	
09,   35, 36, 38, 39, 42
    

 

Pending

 

	
Country
    	
 
    	
Mark
    	
 
    	
App. No.
    	
 
    	
Class
    
	
European   Community
    	
 
    	
THINKING   AHEAD. DELIVERING TODAY.
    	
 
    	
8210155
    	
 
    	
09,   35, 36, 38, 42
    
	
European   Community
    	
 
    	
REALDOC
    	
 
    	
8216673
    	
 
    	
09,   39, 42
    
	
India
    	
 
    	
THINKING   AHEAD. DELIVERING TODAY.
    	
 
    	
1804060
    	
 
    	
09,   35, 36, 38, 42
    
	
India
    	
 
    	
REALDOC
    	
 
    	
1807108
    	
 
    	
09,   39, 42
    
	
India
    	
 
    	
REALPORTAL
    	
 
    	
1701114
    	
 
    	
09,   42
    
	
India
    	
 
    	
REALREMIT
    	
 
    	
1701116
    	
 
    	
09,   35, 36, 38
    
	
India
    	
 
    	
REALSAMM
    	
 
    	
1701113
    	
 
    	
09
    
	
India
    	
 
    	
REALSERVICING
    	
 
    	
1701115
    	
 
    	
09,   42
    
	
India
    	
 
    	
REALSYNERGY
    	
 
    	
1701111
    	
 
    	
09
    
	
India
    	
 
    	
REALSynergy &   Design (Black & White)
    	
 
    	
1613797
    	
 
    	
09
    
	
India
    	
 
    	
REALSynergy   Logo (Black & White)
    	
 
    	
1613796
    	
 
    	
09
    
	
India
    	
 
    	
REALTRANS
    	
 
    	
1701112
    	
 
    	
38
    
	
Norway
    	
 
    	
THINKING   AHEAD. DELIVERING TODAY.
    	
 
    	
 
    	
 
    	
09,   35, 36, 38, 42
    
	
Switzerland
    	
 
    	
THINKING   AHEAD. DELIVERING TODAY.
    	
 
    	
 
    	
 
    	
09,   35, 36, 38, 42
    
	
Switzerland
    	
 
    	
REALDOC
    	
 
    	
506092009
    	
 
    	
09,   39, 42
    

 

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

 

	
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
    

 

5

 

	
United   States of America
    	
 
    	
THE   LEADER IN LOSS MITIGATION!
    	
 
    	
77/125656
    	
 
    	
35,   36
    
	
United   States of America
    	
 
    	
THINKING   AHEAD. DELIVERING TODAY.
    	
 
    	
77/593386
    	
 
    	
09,   35, 36, 38, 42
    
	
Uruguay
    	
 
    	
THINKING   AHEAD. DELIVERING TODAY.
    	
 
    	
401.096
    	
 
    	
09,   35, 36, 38, 42
    
	
Benelux
    	
 
    	
ALTISOURCE   PORTFOLIO SOLUTIONS & Design*
    	
 
    	
1182601
    	
 
    	
09,   35, 36, 38, 39, 42
    
	
Canada
    	
 
    	
ALTISOURCE*
    	
 
    	
1437569
    	
 
    	
09,   35, 36, 38, 39, 42
    
	
Canada
    	
 
    	
ALTISOURCE   PORTFOLIO SOLUTIONS*
    	
 
    	
1437570
    	
 
    	
09,   35, 36, 38, 39, 42
    
	
European   Community
    	
 
    	
ALTISOURCE*
    	
 
    	
8226177
    	
 
    	
09,   35, 36, 38, 39, 42, 45
    
	
European   Community
    	
 
    	
ALTISOURCE   PORTFOLIO SOLUTIONS*
    	
 
    	
8226185
    	
 
    	
09,   35, 36, 38, 39, 42, 45
    
	
India
    	
 
    	
ALTISOURCE*
    	
 
    	
Awaiting
    	
 
    	
09,   35, 36, 38, 39, 42
    
	
India
    	
 
    	
ALTISOURCE   PORTFOLIO SOLUTIONS*
    	
 
    	
Awaiting
    	
 
    	
09,   35, 36, 38, 39, 42
    
	
Mauritius
    	
 
    	
ALTISOURCE*
    	
 
    	
MUM0909355
    	
 
    	
09,   35, 36, 38, 39, 42
    
	
Mauritius
    	
 
    	
ALTISOURCE   PORTFOLIO SOLUTIONS*
    	
 
    	
MUM0909356
    	
 
    	
09,   35, 36, 38, 39, 42
    
	
Norway
    	
 
    	
ALTISOURCE*
    	
 
    	
200904134
    	
 
    	
09,   35, 36, 38, 39, 42
    
	
Norway
    	
 
    	
ALTISOURCE   PORTFOLIO SOLUTIONS*
    	
 
    	
200904135
    	
 
    	
09,   35, 36, 38, 39, 42
    

 

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

 

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

 

6

 

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
    

 

7

 

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

 

8

 

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

 

9

 

Part D to Schedule I of Intellectual Property Agreement:

 

Copyrights

 

Registered Copyrights

 

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

 

Unregistered Copyrights

 

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

 

10

 

	
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
    	
 
    	
 
    

 

11

 

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 
    

 

12

 

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

 

13

 

SCHEDULE II

 

LICENSED INTELLECTUAL PROPERTY

 

Part A to Schedule II of Intellectual Property Agreement:

 

Patents

 

Patents

Issued

 

	
U.S. PTO Patent No.
    	
 
    	
Issue Date
    	
 
    	
Title
    	
 
    	
Inventors
    
	
7,412,418
    	
 
    	
8/12/2008
    	
 
    	
Expense   Tracking, Electronic Ordering, Invoice Presentment, and Payment System   and Method
    	
 
    	
William   C. Erbey, Russell Bulman, Robert J. Leist, Mary Edgecomb, Donald Vetal,   Armand Bonola, Stephanie Hudson, Jeffrey Neufeld, Debra Toussaint-Blackman,   Rosemary Weaver, Sandra Blum, Federico Bucspun
    

 

Pending

 

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

10/918,699
    	
 
    	
8/16/2004
    	
 
    	
Method   and System for Providing Customer Relations Information
    	
 
    	
William   C. Erbey, Scott Paul Conradson
    
	
U.S.   

10/937,879
    	
 
    	
9/10/2004
    	
 
    	
Method   and System for Vendor Management
    	
 
    	
Ralph   J. Behmoiras 
   William C. Erbey 
   Arthur J. Castner 
   Christopher Kennedy
   Keith S. Reno
    
	
U.S.   
   09/512,845
    	
 
    	
2/25/2000
    	
 
    	
Method   for Workflow Processing Through Computer Network
    	
 
    	
Ravi   Ramanathan 
   Edmund M. Johnson 
   Michael A. Graves
    
	
U.S.   
   10/408,079
    	
 
    	
4/4/2003
    	
 
    	
Method   and Apparatus for Providing Selective Access to Information
    	
 
    	
Scott   William Anderson
    

 

	
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
    

 

1

 

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

 

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

 

2

 

	
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;
    

 

3

 

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
    

 

4

 

	
United   States of America
    	
 
    	
REALSynergy   Logo (Black & White)
    	
 
    	
3334360
    	
 
    	
09
    
	
United   States of America
    	
 
    	
REALTRANS
    	
 
    	
2470168
    	
 
    	
38
    
	
United   States of America
    	
 
    	
WE   MAKE YOUR LOANS WORTH MORE
    	
 
    	
3410572
    	
 
    	
35,   36
    

 

Pending

 

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

 

5

 

	
Unregistered
   Trademarks
    	
 
    	
Location
    
	
RECOVER   MORE!
    	
 
    	
http://www.ocwenbusiness.com/nci.cfm#,
   http://www.ocwenbusiness.com/
    
	
CLOSE   MORE LOANS!
    	
 
    	
http://www.ocwenbusiness.com/bs_loanprocessing.cfm,
   http://www.ocwenbusiness.com/
    
	

    	
 
    	
http://www.globalservicingsolutions.com/
    
	
GLOBAL   SERVICING SOLUTIONS
    	
 
    	
http://www.globalservicingsolutions.com/
    
	
GLOBAL   EXPERIENCE ... LOCAL EXPERTISE
    	
 
    	
http://www.globalservicingsolutions.com/
    
	
REALSynergyPLUS
    	
 
    	
http://www.globalservicingsolutions.com/technology.html
    
	
REALResolution
    	
 
    	
http://www.ocwenbusiness.com/documents/pdf/Moody_s.pdf
    

 

6

 

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
    

 

7

 

Part D to Schedule II of Intellectual Property Agreement:

 

Copyrights

 

Registered Copyrights

 

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

 

Unregistered Copyrights

 

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

 

8

 

	
Estate   Servicing Office in Canada
    	
 
    	
 
    
	
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
    	
 
    	
 
    

 

9

 

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
    

 

10

 

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

 

11

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