Document:

Exhibit 10.1 

 

September 23,
2013

 

Ocwen Financial Corporation

1661 Worthington Road, Suite 100

West Palm Beach, FL 33409

Attention: John V. Britti, Chief
Financial Officer

 

		Re:	Share
                                                                                                                                                   Repurchase

 

Dear John:

 

The
undersigned holders (the “Holders”) of shares of Series A Perpetual Convertible Preferred Stock of Ocwen Financial
Corporation (the “Company”) hereby give notice that they wish to convert the number of shares set forth opposite such
Holders’ respective names on Schedule 1 attached hereto (such shares, the “Preferred Shares”) into shares
of common stock, $.01 par value (the “Common Stock”), of the Company. The Company hereby accepts such conversion notice
and shall issue to the Holders the number of shares of Common Stock set forth opposite such Holders’ respective names on
Schedule 1 (such shares, the “Common Shares”) and to pay the cash adjustment in lieu of issuing fractional
shares set forth on Schedule 1.

 

The
Holders hereby agree to sell, and the Company hereby agrees to purchase, the Common Shares.

 

On
the date hereof, the Company shall pay (i) the purchase price for the Common Shares, and (ii) the cash adjustment in lieu of issuing
fractional shares, each as reflected on Schedule 1 (together, the “Purchase Price”). The Company is hereby
authorized to send an instruction letter to its stock transfer agent instructing such agent to reflect the transactions contemplated
herein upon the Company’s records. The Purchase Price shall be paid by wire transfer of immediately available funds in the
amounts and to the bank accounts as set forth on Schedule 2 attached hereto.

 

Each
Holder represents and warrants that it has full legal and beneficial ownership of the Preferred Shares set forth opposite such
Holder’s name on Schedule 1, free and clear of all liens or encumbrances of any kind whatsoever (“Liens”),
and that, assuming due and proper issuance of the Common Shares set forth opposite such Holder’s name on Schedule 1
as provided herein, good and valid title to the Common Shares set forth opposite such Holder’s name on Schedule 1 shall
be transferred to the Company free and clear of all Liens.

    	 

    	 

    

This
letter agreement shall be governed by the laws of the State of New York. This letter agreement represents the entire agreement
among the parties hereto. This letter agreement may only be amended or modified in a writing signed by the parties hereto. This
letter agreement may be executed in counterparts, each of which shall be deemed an original and all of which taken together shall
constitute this letter agreement. If any term of this letter agreement shall be held to be invalid, illegal, or unenforceable,
the remainder shall be unaffected, and the parties hereto shall use their good faith reasonable efforts to find an alternative
means to achieve the same or substantially the same result as that contemplated by such term. The parties shall take such further
actions as may be reasonably necessary to carry out the provisions hereof. This letter agreement will inure to the benefit of
and be binding upon the parties hereto and their successors and assigns. However, no Holder shall assign this letter agreement
without the prior written consent of the Company and the Company shall not assign this letter agreement without the prior written
consent of the Holders. This letter agreement is not intended to confer on any person other than the parties hereto and their
successors and assigns any rights or obligations.

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK,

SIGNATURE PAGES
OF HOLDERS AND COMPANY FOLLOW]

    	 

    	 

    

	 	 	 	 
	 	Very truly yours,
	 	 	 	 
	 	 	HOLDERS:
	 	 	 	 
	 	 	WLR RECOVERY FUND III, L.P.
	 	 	 	 
	 	 	By:	WLR Recovery Associates III

LLC, its General Partner
	 	 	By	WL Ross Group, L.P., its

Managing Member
	 	 	By:	El Vedado LLC, its General

Partner
	 	 	 	 
	 	 	By:	/s/ Michael J. Gibbons
	 	 	 	Name: Michael J. Gibbons
	 	 	 	Title: Manager
	 	 	 	 
	 	 	WLR RECOVERY FUND IV, L.P.
	 	 	 	 
	 	 	By:	WLR Recovery Associates IV

LLC, its General Partner
	 	 	By	WL Ross Group, L.P., its

Managing Member
	 	 	By:	El Vedado LLC, its General

Partner
	 	 	 	 
	 	 	By:	/s/ Michael J. Gibbons
	 	 	 	Name: Michael J. Gibbons
	 	 	 	Title: Manager
	 	 	 	 
	 	 	WLR/GS MASTER CO-INVESTMENT, L.P.
	 	 	 	 
	 	 	By:	WLR Master Co-Investment GP,

LLC, its General Partner
	 	 	By	WL Ross Group, L.P., its

Managing Member
	 	 	By:	El Vedado LLC, its General

Partner
	 	 	 	 
	 	 	By:	/s/ Michael J. Gibbons
	 	 	 	Name: Michael J. Gibbons
	 	 	 	Title: Manager

    	 

    	 

    

	 	 	 	 
	 	 	WLR AHM CO-INVEST, L.P.
	 	 	 	 
	 	 	By:	WLR Recovery Associates IV

LLC, its General Partner
	 	 	By	WL Ross Group, L.P., its

Managing Member
	 	 	By:	El Vedado LLC, its General

Partner
	 	 	 	 
	 	 	By:	/s/ Michael J. Gibbons
	 	 	 	Name: Michael J. Gibbons
	 	 	 	Title: Manager
	 	 	 	 
	 	 	WLR IV PARALLEL ESC, L.P.
	 	 	 	 
	 	 	By:	Invesco WLR IV Associates

LLC, its General Partner
	 	 	By	Invesco Private Capital, Inc., its

Managing Member
	 	 	 	 
	 	 	By:	/s/ Michael J. Gibbons
	 	 	 	Name: Michael J. Gibbons
	 	 	 	Title: Chief Financial Officer

    	 

    	 

    

Accepted and agreed:

 

	 	OCWEN
                                                                     FINANCIAL CORPORATION

        

	 	 	 
		By:	/s/
    John V. Britti
	 	 	Name: John
    V. Britti
	 	 	Title: Executive
    Vice President & Chief Financial Officer

    	 

    	 

    

Schedule 1

 

Selling
Stockholders

 

	Selling

Stockholder	 	Number of

 Preferred 

Shares

 Converting	 	 	Number 

of 

Common

 Shares

 Received	 	 	Purchase Price 

for Common 

Shares received	 	 	Fractional 

share to be 

paid as 

cash

 adjustment	 	 	Cash 

adjustment 

to be paid

 in lieu of

 issuing

 fractional

 shares	 	 	Purchase Price	 	 	Number of 

Preferred

 Shares

 Remaining	 
	WLR Recovery Fund III, L.P.	 	 	7,977	 	 	 	250,927	 	 	$	12,662,993.75	 	 	 	0.965	 	 	$	48.43	 	 	$	12,663,042.18	 	 	 	4,946	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WLR Recovery Fund IV, L.P.	 	 	66,980	 	 	 	2,106,951	 	 	$	106,326,968.97	 	 	 	0.872	 	 	$	43.77	 	 	$	106,327,012.74	 	 	 	41,527	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WLR/GS Master Co-Investment, L.P.	 	 	4,649	 	 	 	146,240	 	 	$	7,379,979.86	 	 	 	0.956	 	 	$	47.98	 	 	$	7,380,027.84	 	 	 	2,883	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WLR AHM Co-Invest, L.P.	 	 	20,093	 	 	 	632,054	 	 	$	31,896,511.14	 	 	 	0.105	 	 	$	5.27	 	 	$	31,896,516.41	 	 	 	12,457	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WLR IV Parallel ESC, L.P.	 	 	301	 	 	 	9,468	 	 	$	477,801.21	 	 	 	0.386	 	 	$	19.37	 	 	$	477,820.59	 	 	 	187	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	       Total:	 	 	100,000	 	 	 	3,145,640	 	 	$	158,744,254.93	 	 	 	3.284	 	 	$	164.82	 	 	$	158,744,419.76	 	 	 	62,000	 

    	 

    	 

    

Schedule 2

 

Proceeds and
Wire Instructions

 

	Selling Stockholder	 	Amount of Proceeds	 	 	Wire Instructions
	WLR Recovery Fund III, L.P.	 	$	12,663,042.18	 	 	Bank: RBS Citizens, N.A.
 Providence,
    RI 
ABA: 011500120 
Account Number: 1312294644
	 	 	 	 	 	 	 
	WLR Recovery Fund IV, L.P.	 	$	106,327,012.74	 	 	Bank: RBS Citizens, N.A.

    Providence, RI 
ABA: 011500120 
Account Number: 1312294555
	 	 	 	 	 	 	 
	WLR/GS Master Co-Investment, L.P.	 	$	7,380,027.84	 	 	Bank: RBS Citizens, N.A.

    Providence, RI 
ABA: 011500120 
Account Number: 1312294695
	 	 	 	 	 	 	 
	WLR AHM Co-Invest, L.P.	 	$	31,896,516.41	 	 	Bank: RBS Citizens, N.A.

    Providence, RI 
ABA: 011500120 
Account Number: 1312294482
	 	 	 	 	 	 	 
	WLR IV Parallel ESC, L.P.	 	$	477,820.59	 	 	Bank: RBS Citizens, N.A.

    Providence, RI 
ABA: 011500120 
Account Number: 1312294628
	 	 	 	 	 	 	 
	       Total:	 	$	158,744,419.76Exhibit
10.2

Execution
Version 

AMENDMENT
NO. 1 TO SENIOR SECURED TERM LOAN FACILITY AGREEMENT

and

AMENDMENT NO. 1 TO PLEDGE AND SECURITY AGREEMENT

AMENDMENT
NO. 1 TO SENIOR SECURED TERM LOAN FACILITY AGREEMENT AND AMENDMENT NO. 1 TO PLEDGE AND SECURITY AGREEMENT, dated as of September
23, 2013 (this “Amendment”), is made with reference to (i) that certain Senior Secured Term Loan Facility Agreement
dated as of February 15, 2013 by and among Ocwen Loan Servicing, LLC, a Delaware limited liability corporation (the “Borrower”),
Ocwen Financial Corporation, a Florida corporation (the “Parent”), certain subsidiaries of the Parent (the
“Subsidiary Guarantors”), the Lenders party thereto, Barclays Bank PLC, as Administrative Agent (in such capacity,
the “Administrative Agent”) and Collateral Agent (in such capacity, the “Collateral Agent”)
(as amended from time to time, the “Credit Agreement”) and (ii) the Pledge and Security Agreement, dated as
of February 15, 2013, among the Borrower, the Parent, the Subsidiary Guarantors and the Collateral Agent (as amended from time
to time, the “Security Agreement”). Capitalized terms used herein and not otherwise defined shall have the
meanings given to them in the Credit Agreement.

RECITALS

The Borrower
has requested that the Required Lenders and the Administrative Agent agree to amend certain provisions of the Credit Agreement
and the Security Agreement, in accordance with the requirements of Section 10.05 of the Credit Agreement, and the Required Lenders
and the Administrative Agent are willing to so agree subject to the terms and conditions contained in this Amendment.

Subject
to the terms and conditions set forth herein, on the Effective Date (as defined below), each Lender delivering an executed signature
page to this Amendment to the Administrative Agent at or prior to 12:00 p.m., New York City time, on September 20, 2013 (each
a “Consenting Lender”) has consented to this Amendment and the amendments set forth herein.

Accordingly,
in consideration of the Recitals and the covenants, conditions and agreements hereinafter set forth, the receipt and adequacy
of which are hereby acknowledged, the Borrower, the Required Lenders and the Administrative Agent hereby agree as follows:

 

	 	1.	Amendments to the Credit
    Agreement.

(a)     Section
1.01 of the Credit Agreement is hereby amended by adding the following definition in the appropriate alphabetical order:

“Amendment
No. 1 Effective Date” means September 23, 2013.

    	 

    	 

    

“Specified
Whole Loan Value” means the amount (a) reflected under “loans held for sale, at fair value” on the Consolidated
balance sheet of Parent and its Subsidiaries on a consolidated basis in conformity with GAAP as at the end of the most recent
fiscal quarter for which financial statements have been required to be delivered pursuant to Section 5.01(b) or (c) less (b) the
aggregate outstanding amount of Indebtedness under any repurchase agreement or other financing agreement that is secured by such
loans.”

(b)     The
definition of “Consolidated Tangible Net Worth” in Section 1.01 of the Credit Agreement is hereby deleted in its entirety
and replaced with the following:

“‘Consolidated
Tangible Net Worth’ of any Person means, at any date, the excess of such Person’s total assets over its total
liabilities determined on a consolidated basis in accordance with GAAP, excluding (a) goodwill and (b) other intangibles; provided
that in calculating the total assets for purposes of this definition, (i) total assets shall include Specified Deferred Servicing
Fees and (ii) the value of MSRs included in total assets shall be equal to the Specified MSR Value of all such MSRs.”

(c)     The
definition of “Consolidated Working Capital Adjustment” in Section 1.01 of the Credit Agreement is hereby amended
by adding “or any Asset Sale” after the first instance of “any Permitted Acquisition” in the second sentence
of such definition.

(d)     The
definition of “LTV Ratio” in Section 1.01 of the Credit Agreement is hereby amended by adding the following language
to the end of the end of the first sentence of such definition:

“,
plus (F) Specified Whole Loan Value”.

(e)     Section
2.11(c) of the Credit Agreement is hereby amended by replacing the words “one year anniversary of the Closing Date”
with “the date that is eighteen months after the Closing Date”.

(f)     Section
2.22(a) of the Credit Agreement is hereby amended by (i) replacing the reference to “0.25x” in clause (y) of such
Section with “0.50x” and (ii) replacing the parenthetical in such clause (y) with “(i.e., if the required ratio
in Section 6.07(b) is 4.00 to 1.0 the requirement to incur Indebtedness under this clause (y) shall be 3.50 to 1.0)”.

(g)     Section
6.01(o) of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

“(o)    Junior
Indebtedness of Parent or its Subsidiaries; provided that (i) no Default or Event of Default shall exist before or after
giving effect to the incurrence of such Indebtedness and (ii) (x) the Corporate Leverage Ratio of the Parent and its Subsidiaries
shall not exceed 4.00 to 1.00 and (y) the Parent and its Subsidiaries shall be in compliance with the financial covenants set
forth in Section 6.07, in each case, on a pro forma basis after giving effect to the incurrence of such Indebtedness and any Permitted
Acquisitions consummated with the proceeds of such Indebtedness (calculated in accordance with Section 6.07(e)) as of the last
day of the Fiscal Quarter most recently ended for which financial statements are available;”.

    	-2-

    	 

    

(h)     Section
6.04 of the Credit Agreement is hereby amended by:

(i) deleting “and”
before clause (c) of such Section and replacing it with a comma,

(ii) replacing clause
(c) in its entirety with “(c) Parent may make Restricted Junior Payments; provided that in the case of this clause
(c) both immediately prior to and after giving effect thereto (i) no Default shall exist or result therefrom, (ii) the Borrower
shall be in compliance with the financial covenant set forth in Section 6.07(b) for the most recent Fiscal Quarter for which financial
statements have been delivered to the Lenders pursuant to Section 5.01(b) or (c), calculated on a pro forma basis after giving
effect to such Restricted Payment as of the last day of the Fiscal Quarter most recently ended and (iii) the aggregate amount
of Restricted Junior Payments made pursuant to this Section 6.04(c) shall not exceed the sum of (1) the Available Amount plus (2) the aggregate amount of Net Cash Proceeds of equity contributions to, or the sale of equity by, Parent received from and
after the Closing Date, in each case that is Not Otherwise Applied”, and

(iii) adding the following
language at the end of such Section: “(d) Parent may repurchase at any time its Series A Perpetual Convertible Preferred
stock outstanding on the Amendment No. 1 Effective Date (including purchases of common stock that has been converted from such
Series A Perpetual Convertible Preferred stock, which purchases shall not reduce the amount of common stock permitted to be purchased
under clause (e) below); provided that in the case of this clause (d) both immediately prior to and after giving effect
thereto (i) no Default shall exist or result therefrom and (ii) Parent and its Subsidiaries shall be in compliance with the financial
covenants set forth in Section 6.07 on a pro forma basis and (e) Parent may repurchase up to $1,500,000,000 of its common stock;
provided that in the case of this clause (e) both immediately prior to and after giving effect thereto (i) no Default shall
exist or result therefrom and (ii) Parent and its Subsidiaries shall be in compliance with the financial covenants set forth in
Section 6.07 on a pro forma basis”; and

(i)     Section
6.06 of the Credit Agreement is hereby amended by replacing “2.00 to 1.00” in clauses (e) and (j) thereof with “the
level set forth in Section 6.07(b) for the most recent Fiscal Quarter for which financial statements have been delivered to the
Lenders pursuant to Section 5.01(b) or (c)”.

(j)     Section
6.07(b) of the Credit Agreement is hereby amended by deleting the table in such Section and replacing it with the following:

    	-3-

    	 

    

	Fiscal Quarter	 	Corporate Leverage Ratio
	June 30, 2013	 	2.50 to 1.00
	September 30, 2013	 	4.00 to 1.00
	December 31, 2013	 	3.75 to 1.00
	March 31, 2014	 	3.50 to 1.00
	June 30, 2014	 	3.25 to 1.00
	September 30, 2014 and thereafter	 	3.00 to 1.00

(k)     Section
6.07(c) of the Credit Agreement is hereby amended by deleting the table in such Section and replacing it with the following:

	 	 	 
	Fiscal Quarter	 	Consolidated Total Debt 
 to Consolidated Tangible 
 Net Worth
	June 30, 2013	 	5.75 to 1.00
	September 30, 2013	 	7.50 to 1.00
	December 31, 2013	 	7.50 to 1.00
	March 31, 2014	 	7.50 to 1.00
	June 30, 2014	 	7.50 to 1.00
	September 30, 2014	 	7.50 to 1.00
	December 31, 2014	 	7.50 to 1.00
	March 31, 2015	 	7.00 to 1.00
	June 30, 2015	 	6.00 to 1.00
	September 30, 2015	 	5.00 to 1.00
	December 31, 2015	 	4.50 to 1.00
	March 31, 2016	 	4.00 to 1.00
	June 30, 2016	 	4.00 to 1.00
	September 30, 2016 and thereafter	 	3.50 to 1.00

(l)     Section
6.07(d) of the Credit Agreement is hereby amended by deleting the table in such Section and replacing it with the following:

    	-4-

    	 

    

	Fiscal Quarter	 	LTV Ratio
	June 30, 2013	 	65%
	September 30, 2013	 	65%
	December 31, 2013	 	65%
	March 31, 2014	 	65%
	June 30, 2014	 	60%
	September 30, 2014	 	60%
	December 31, 2014	 	55%
	March 31, 2015	 	55%
	June 30, 2015	 	50%
	September 30, 2015	 	50%
	December 31, 2015	 	40%
	March 31, 2016	 	40%
	June 30, 2016	 	40%
	September 30, 2016	 	40%
	December 31, 2016	 	30%
	March 31, 2017	 	30%
	June 30, 2017	 	30%
	September 30, 2017	 	30%
	December 31, 2017 and thereafter	 	25%

2.     Amendments
to the Security Agreement.

(a)     Section
4.2 of the Security Agreement is hereby amended to replace the references of “$500,000” and “$1,000,000”
in such Section to “$1,000,000” and “$5,000,000”, respectively.

(b)     Sections
5.2(a)(4) and (5) of the Security Agreement are hereby amended in their entirety to read as follows:

“(4) Securities
Accounts included in the Collateral other than any Securities Accounts holding assets with a market value of less than $1,000,000
individually or $5,000,000 in the aggregate, (5) Deposit Accounts included in the Collateral other than any Deposit Accounts holding
less than $1,000,000 individually or $5,000,000 in the aggregate”.

(c)     Schedules
5.2(I)(G), (H) and (I) to the Security Agreement are hereby replaced with Schedules 5.2(I)(G), (H) and (I) attached hereto as
Annex I.

3.     Conditions.
Sections 1 and 2 of this Amendment shall become effective as of the date (the “Effective Date”) when, and only
when:

(a)     the
Administrative Agent (or its counsel) shall have received from the Required Lenders, the Borrower and the Loan Parties either
(i) a counterpart of this Amendment signed on behalf of such Person or (ii) written evidence satisfactory to the Administrative
Agent (which may include facsimile or pdf transmission of a signed signature page of this Amendment) that such Person has signed
a counterpart of this Amendment;

    	-5-

    	 

    

(b)     the
Administrative Agent shall have received a certificate of an Authorized Officer of the Parent certifying that immediately before
and after giving effect to this Amendment (i) no Default or Event of Default shall have occurred and be continuing and (ii) the
representations and warranties (x) of each Loan Party set forth in the Loan Documents and (y) in Section 4 of this Amendment,
in each case, are true and correct in all material respects as of the Effective Date (or in the case of Section 4.24 of the Credit
Agreement with respect to Schedules 1.01(e)(A) and 1.01(e)(B), as of the date of the most recent delivery prior to the Effective
Date of updated Schedules 1.01(e)(A) and 1.01(e)(B) pursuant to Section 5.01(m) of the Credit Agreement); it being understood
that, to the extent that any such representation and warranty specifically refers to an earlier date, it shall be true and correct
in all material respects as of such earlier date and any such representation and warranty that is qualified as to “materiality,”
“material adverse effect” or similar language shall be true and correct in all respects (after giving effect to any
such qualification therein); and

(c)     the
Borrower shall have paid to the Administrative Agent (x) all fees in the amounts previously agreed in writing and in accordance
with Section 6 below to be paid on the Effective Date, (y) all costs and expenses of the Administrative Agent (including, without
limitation the fees, charges and disbursements of Cahill Gordon & Reindel LLP, counsel for the Administrative Agent) and (z)
for the ratable account of each Consenting Lender, an amount equal to 0.05% of the outstanding principal amount of such Lender’s
Loans on the Effective Date.

The effectiveness
of this Amendment (other than Sections 7, 8 and 9 hereof) is conditioned upon the accuracy of the representations and warranties
set forth in Section 4 hereof.

4.     Representations
and Warranties. In order to induce the Lenders party hereto to enter into this Amendment, the Parent and each other Loan Party
hereby represents and warrants to the Administrative Agent and each Lender as follows:

(a)     This
Amendment has been duly authorized, executed and delivered by the Loan Parties and constitutes the legal, valid and binding obligations
of each of the Loan Parties enforceable against each of the Loan Parties in accordance with its terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles
of equity, regardless of whether considered in a proceeding in equity or at law;

(b)     On
and as of the Effective Date (before and after giving effect to this Amendment), each of the representations and warranties made
by the Parent and any other Loan Party contained in Article IV of the Credit Agreement and each other Loan Document is true and
correct in all material respects (except that any representation and warranty that is qualified as to “materiality”
or “Material Adverse Effect” shall be true and correct in all respects on and as of the Effective Date (before and
after giving effect to this Amendment), as if made on and as of such date and except to the extent that such representations and
warranties specifically relate to an earlier date); and

    	-6-

    	 

    

(c)    No
Default or Event of Default has occurred and is continuing.

5.     Credit
Agreement. The Credit Agreement and the other Loan Documents shall in all other respects remain in full force and effect,
and no amendment, consent, waiver, or other modification herein in respect of any term or condition of any Loan Document shall
be deemed to be an amendment, consent, waiver, or other modification in respect of any other term or condition of any Loan Document.
Each Loan Party hereby expressly acknowledges the terms of this Amendment and reaffirms, as of the date hereof, (i) the covenants
and agreements contained in each Loan Document to which it is a party, including, in each case, such covenants and agreements
as in effect immediately after giving effect to this Amendment and the transactions contemplated hereby and (ii) its guarantee
of the Obligations under the Guaranty, as applicable, and its grant of Liens on the Collateral to secure the Obligations pursuant
to the Security Documents.

6.     Fees
and Expenses. The Borrower agrees to pay all reasonable costs and expenses of the Administrative Agent in connection with
the preparation, execution and delivery of this Amendment (including, without limitation, the reasonable and documented fees and
expenses of Cahill Gordon & Reindel LLP), if any, in accordance with the terms of Section 10.02 of the Credit Agreement.

7.     Counterparts.
This Amendment may be executed in counterparts, each of which shall be deemed to be an original, but all of which shall constitute
one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by facsimile shall be effective
as delivery of a manually executed counterpart of this Amendment.

8.     Loan
Document. This Amendment shall constitute a Loan Document for all purposes under the Credit Agreement.

9.     Governing
Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

10.   Severability.
Any term or provision of this Amendment which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction,
be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms
and provisions of this Amendment or affecting the validity or enforceability of any of the terms or provisions of this Amendment
in any other jurisdiction. If any provision of this Amendment is so broad as to be unenforceable, the provision shall be interpreted
to be only so broad as would be enforceable.

11.   Headings.
The Section headings used herein are for convenience of reference only, are not part of this Amendment and are not to affect the
construction of, or to be taken into consideration in interpreting, this Amendment.

[SIGNATURE
PAGES FOLLOW]

    	-7-

    	 

    

IN WITNESS
WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers
as of the day and year first above written.

	 	 	 
	 	BARCLAYS BANK PLC,
	 	as Administrative Agent and
    the Collateral Agent
	 	 	 
	 	By:	/s/ Alicia Borys
	 	 	Name: Alicia Borys
	 	 	Title: Vice President

Ocwen Amendment

    	 

    	 

    

	ACKNOWLEDGED AND AGREED TO BY:	 	 	 
	 	 	 	 
	 	OCWEN LOAN SERVICING, LLC,
    as Borrower
	 	 	 	 
	 	By:	/s/ Nikhil Malik
	 	 	Name:	Nikhil Malik
	 	 	Title:	Treasurer
	 	 	 	 
	 	OCWEN FINANCIAL CORPORATION,
    as Parent
	 	 	 	 
	 	By:	/s/ John V. Britti
	 	 	Name:	John V. Britti
	 	 	Title:	Executive Vice President and Chief
	 	 	 	Financial Officer
	 	 	 	 
	 	SUBSIDIARY GUARANTORS:
	 	 	 	 
	 	OCWEN MORTGAGE SERVICING, INC.
	 	 	 	 
	 	By:	/s/ Nikhil Malik
	               	 	Name:	Nikhil Malik
	 	 	Title:	Chief Financial Officer
	 	 	 	 
	 	HOMEWARD RESIDENTIAL HOLDINGS,
    INC.
	 	 	 	 
	 	By:	/s/ John V. Britti
	 	 	Name:	John V. Britti
	 	 	Title:	Executive Vice President and Chief
	 	 	 	Financial Officer
	 	 	 	 
	 	HOMEWARD RESIDENTIAL, INC.
	 	 	 	 
	 	By:	/s/ John V. Britti
	 	 	Name:	John V. Britti
	 	 	Title:	Chief Financial Officer
	 	 	 	 
	Ocwen Amendment

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}]]