Document:

Exhibit 10.1

AMENDMENT
NO. 5 TO SENIOR SECURED TERM LOAN FACILITY AGREEMENT

AMENDMENT
NO. 5 TO SENIOR SECURED TERM LOAN FACILITY AGREEMENT (this “Amendment”), dated as of March 24, 2016, is made
with reference to 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 company (the “Borrower”), Ocwen Financial Corporation, a Florida
corporation (the “Parent”), certain subsidiaries of the Parent (the “Subsidiary Guarantors”),
the Lenders party thereto, and Barclays Bank PLC, as Administrative Agent (in such capacity, the “Administrative Agent”)
and Collateral Agent (in such capacity, the “Collateral Agent”) (as amended by 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, as further
amended by Amendment No. 2 to Senior Secured Term Loan Facility Agreement, dated as of March 2, 2015, as further amended by Amendment
No. 3 to the Senior Secured Term Loan Facility Agreement, dated as of April 17, 2015, as further amended by Amendment No. 4 to
Senior Secured Term Loan Facility Agreement and Amendment No. 2 to Pledge and Security Agreement, dated as of October 16, 2015,
the “Credit 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, 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 Amendment No. 5 Effective Date (as defined below), each Lender delivering
an executed signature page to this Amendment to the Administrative Agent at or prior to 5:00 p.m., New York City time, on March
24, 2016 (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. The Credit Agreement is, effective as of the Amendment No. 5 Effective Date, hereby amended as follows:

(a)          The
definition of “LTV Ratio” in Section 1.01 of the Credit Agreement is amended by adding the following
proviso immediately before the period at the end of the first sentence of such definition; provided that the
foregoing calculations in clause (ii) shall not include any assets that have a negative value

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(b)          The
definitions of “Specified MSR Value” and “Specified Net Servicing Fees” are amended in their
entireties to read as follows:

“Specified
MSR Value” means the sum of (i)(A) the value of all MSRs of Parent, the Borrower and their respective Subsidiaries that
are pledged pursuant to an MSR Facility, less (B) the aggregate outstanding amounts under such MSR Facility and (ii) the value
of all Specified MSRs of Parent, the Borrower and their respective Subsidiaries, in each case as such value is determined by an
independent third party valuation firm, such as the Mortgage Industry Advisory Corporation or a comparable firm reasonably acceptable
to the Administrative Agent. For the avoidance of doubt, “Specified MSR Value” shall not include the value of any
Specified Deferred Servicing Fees.

(c)          “Specified
Net Servicing Advances” means the amount of (i) the sum of (A) the book value of all Servicing Advances (including,
but not limited to, all Unencumbered Servicing Advances) and (B) all deferred servicing fees that are pledged pursuant to any
Servicing Advance Facility, less (ii) the aggregate outstanding amounts under any Servicing Advance Facility.

(d)          The
definitions of “Interest Coverage Ratio”, “Consolidated Tangible Net Worth” and “Consolidated
Total Debt” in Section 1.01 of the Credit Agreement are hereby deleted in their entirety.

(e)          The
following is added as Section 2.12(f) of the Credit Agreement:

(f)          The
Borrower shall make a prepayment on the Loans in an amount equal to $6,333,333 on each of May 31, 2016, July 29, 2016 and September
30, 2016. For the avoidance of doubt, failure to comply with this Section 2.12(f) shall be an immediate Event of Default under
Section 8.01(a)(i) of the Credit Agreement.

(f)           The
first sentence of Section 2.22(a) of the Credit Agreement is amended in its entirety to read as follows:

The
Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan commitments
which may be in the form of a new Series of New Term Loans or an increase to the amount of Initial Term Loans or any then outstanding
Series of New Term Loans (such new term loan commitments or increase the “New Term Loan Commitments”), by an
amount not in excess of the greater of (x) $300,000,000 in the aggregate and (y) such amount that, both before and after giving
effect to the making of any Series of New Term Loans or increase in Initial Term Loans, the LTV Ratio does not exceed a percentage
equal to 35%, in each case, not less than $50,000,000 individually (or such lesser amount which shall be approved by the Administrative
Agent), and integral multiples of $10,000,000 in excess of that amount.

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(g)          Section
4.24(b) of the Credit Agreement is hereby amended by adding the following at the end thereof: except to the extent they are
pledged pursuant to a Servicing Advance Facility that satisfies the applicable requirements set forth in clause (i) of
Section 4.24(a)

(h)          Section
4.24(c) of the Credit Agreement is hereby amended by adding the following at the end thereof: except to the extent provided
in clause (i) of the definition of Specified MSR Value

(i)           Section
6.01(o) of the Credit Agreement is amended in its entirety to read as follows:

(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) on a pro forma basis after giving effect to the incurrence of such
Junior 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 most recently ended Fiscal Quarter for which financial statements have been delivered
to the Lenders pursuant to Section 5.01(b) or (c)), the Parent and its Subsidiaries shall be in compliance with the financial
covenants set forth in Section 6.07;

(j)           Section
6.04(b) of the Credit Agreement is hereby deleted in its entirety, and replaced with the following:

(ii)          The Borrower or Parent may purchase stock or options of the Parent to the extent permitted under Section 6.17;

(k)          Section
6.04(c)(iii) of the Credit Agreement is hereby deleted in its entirety.

(l)           Section
6.04(e) of the Credit Agreement is hereby deleted in its entirety.

(m)         Sections
6.07(a), (b), (c) and (d) of the Credit Agreement are hereby deleted in their entirety and replaced with the following:

(a)          [Reserved].

 

(b)          [Reserved].

 

(c)          [Reserved].

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(d)          LTV
Ratio. Permit the LTV Ratio as of the last day of any Fiscal Quarter to exceed 40%

 

(n)          Article
VI of the Credit Agreement is amended to add the following Section 6.17 at the end thereof:

  Section
6.17Repurchases, etc. Directly or indirectly purchase or redeem any stock or options of Parent or purchase, prepay,
redeem or defease any of the 6.625% Senior Notes due 2019 issued by the Parent under the Indenture dated as of May 12, 2014 between
Parent and The Bank of New York Mellon Trust Company, N.A. provided that Parent or the Borrower may (a) purchase or redeem any
such stock or options in an aggregate amount not exceeding the sum of (i) $20,000,000 plus (ii) the product of the Prepayment
Increment (as defined below) multiplied by $20,000,000 and (b) purchase, prepay, redeem or defease any of such Senior Notes in
an aggregate amount not exceeding the sum of (i) $30,000,000 plus (ii) the product of the Prepayment Increment multiplied by $30,000,000. 
For purposes of the foregoing, “Prepayment Increment” means the quotient (rounded down, if necessary, to a whole number)
of the aggregate amount of prepayments of the Loans pursuant to Section 2.11 and/or Section 2.12 made after March 28, 2016 divided
by $50,000,000.

(o)          The
Compliance Certificate (Exhibit C to the Credit Agreement) is hereby amended in its entirety and replaced with the form
attached hereto as Annex A.

2.             Conditions.

(a)          This
Amendment shall become effective on the date (such date, if any, the “Execution Date”) 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; provided that Section 1 of this Amendment shall not be operative until each of the conditions set forth
in Section 2(b) have been satisfied;

(b)          Section
1 of this Amendment shall, following the Execution Date, become operative on the date (such date, if any, the “Amendment
No. 5 Effective Date”) on which each of the following conditions have been satisfied (provided that if such conditions
are not satisfied on or prior to March 28, 2016, this Amendment shall terminate and no longer be in effect):

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(1)          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 3 of this Amendment,
in each case, are true and correct in all material respects as of the Amendment No. 5 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 Amendment No. 5 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

(2)          the
Borrower shall have paid to the Administrative Agent (x) all fees in the amounts previously agreed in writing and in accordance
with Section 5 below to be paid on the Amendment No. 5 Effective Date, including, without limitation, the arrangement fee
as separately agreed to between the Borrower and Barclays Bank PLC, (y) all reasonable and documented out-of-pocket 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) incurred in connection with the preparation, execution and delivery of this
Amendment and (z) for the ratable account of each Consenting Lender, an amount equal to 1.00% of the outstanding principal amount
of such Consenting Lender’s Loans on the Amendment No. 5 Effective Date).

The
effectiveness of this Amendment (other than Sections 6, 7 and 8 hereof) is conditioned upon the accuracy
of the representations and warranties set forth in Section 3 hereof.

3.             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 Amendment No. 5 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 Amendment No. 5 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

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

4.             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.

5.             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.

6.             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 or pdf or other
electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment.

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

8.             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.

9.             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.

10.           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]

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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/ Jeremy Hazan
	 	Name:  Jeremy Hazan
	 	Title:  Managing Director

    	

    	 

    

	 	 	 
	ACKNOWLEDGED AND AGREED TO BY:
	 	 	 
	 	OCWEN LOAN SERVICING, LLC, as Borrower
	 	 	 
	 	By:	/s/ Michael R. Bourque, Jr.
	 	Name:	Michael R. Bourque, Jr.
	 	Title:	Chief Financial Officer
	 	 	 
	 	OCWEN FINANCIAL CORPORATION, as Parent
	 	 
	 	By:	/s/ Michael R. Bourque, Jr.
	 	Name:	Michael R. Bourque, Jr.
	 	Title:	Chief Financial Officer
	 	 	 
	 	SUBSIDIARY GUARANTORS:
	 	 	 
	 	OCWEN MORTGAGE SERVICING, INC.
	 	 	 
	 	By:	/s/ Michael R. Bourque, Jr.
	 	Name:	Michael R. Bourque, Jr.
	 	Title:	Chief Financial Officer
	 	 	 
	 	HOMEWARD RESIDENTIAL HOLDINGS, INC.
	 	 	 
	 	By:	/s/ John V. Britti
	 	Name:	John V. Britti
	 	Title:	Chief Financial Officer
	 	 	 
	 	HOMEWARD RESIDENTIAL, INC.
	 	 	 
	 	By:	/s/ John V. Britti
	 	Name:	John V. Britti
	 	Title:	Chief Financial Officer
	 	 	 
	 	AUTOMOTIVE CAPITAL SERVICES, INC.
	 	 	 
	 	By:	/s/ Thomas F. Gilman
	 	Name:	Thomas F. Gilman
	 	Title:	PresidentEX-10.1

 Exhibit 10.1 
  

                 
 March 22, 2016 

Mr. Ebrahim Abbasi 
 Dear Ebrahim: 

This Letter Agreement confirms your promotion to the position of Chief Operating Officer (COO) of Violin Memory, Inc. (Company) which the Company’s Board
of Directors has determined is an executive officer position for purposes of Securities and Exchange Commission reporting. 
  

	1.	Position. Your title is COO and you will report to the Company’s President and Chief Executive Officer (CEO). 

  

	2.	Outside Activities. While you render services to the Company, you agree that you will not engage in any employment, consulting or other business activity in the memory or storage technology industry without the
prior written consent of the Company. While you render services to the Company, you also will not assist any person or entity in competing with the Company, in preparing to compete with the Company or in hiring any employees or consultants of the
Company. 

  

	3.	Compensation. Your base salary and bonus target will remain unchanged at $400,000.00 and 100% of base salary respectively. You will continue to receive regular salary payments according to the Company’s
standard payroll practices. 

  

	4.	Change of Control. Your Change of Control and Severance Agreement effective March 2014 (COC Agreement) is unchanged and remains in full force and effect. 

 

	5.	Employee Benefits. As a regular employee of the Company, you will continue to be eligible to participate in Company-sponsored benefits offered to other full-time employees, and you will continue to be entitled to
paid vacation in accordance with the Company’s vacation policy, as in effect from time to time. 

  

	6.	Proprietary Information and Inventions Agreement. Effective March 2014 you and the Company entered into the Company’s standard Proprietary Information and Inventions Agreement (PIIA), is unchanged and
remains in full force and effect. 

  

	7.	Employment Relationship. Your employment by the Company continues to be for no specific period of time. Your employment continues to be “at will,” meaning that either you or the Company may terminate
your employment at any time and for any reason, with or without cause. Although Company policies may change from time to time, the “at-will” nature of your employment with the Company may only be changed in an express written agreement
signed by you and the CEO.  

  

	8.	Withholding Taxes. All forms of compensation referred to in this Letter Agreement are subject to reduction to reflect applicable withholding and payroll taxes and other deductions required by law.

  

	9.	Entire Agreement. This Letter Agreement supersedes and replaces the offer of employment letter agreement between you and the Company dated March 2014. This Letter Agreement, the COC Agreement, the PIIA and the
Restricted Stock Unit agreements constitute all of the agreements between you and the Company regarding the matters described in the agreements. No waiver by either party of any breach of, or of compliance with, any condition or provision of this
Letter Agreement by the other party shall be considered a waiver of any other condition or provision, or of the same condition or provision, at another time. 

 Ebrahim Abbasi 
  

	10.	Arbitration. You and the Company agree to waive any rights to a trial before a judge or jury and agree to arbitrate before a neutral arbitrator any and all claims or disputes arising out of this letter agreement
and any and all claims arising from or relating to your employment with the Company, including (but not limited to) claims against any current or former employee, director or agent of the Company, claims of wrongful termination, retaliation,
discrimination, harassment, breach of contract, breach of the covenant of good faith and fair dealing, defamation, invasion of privacy, fraud, misrepresentation, constructive discharge or failure to provide a leave of absence, or claims regarding
commissions, stock options or bonuses, infliction of emotional distress or unfair business practices. 

  

	 	a.	The arbitrator’s decision must be written and must include the findings of fact and law that support the decision. The arbitrator’s decision will be final and binding on both parties, except to the extent
applicable law allows for judicial review of arbitration awards. The arbitrator may award any remedies that would otherwise be available to the parties if they were to bring the dispute in court. The arbitration will be conducted in accordance with
the applicable state or national Rules for the Resolution of Employment Disputes of the American Arbitration Association; provided, however that the arbitrator must allow the discovery that the arbitrator deems necessary for the parties to vindicate
their respective claims or defenses. The arbitration will take place in Santa Clara County, California, or at your option in the county in which you primarily worked for the Company at the time when the dispute or claim first arose. You and the
Company agree that the arbitrator shall have the power to decide any motions brought by any party to the arbitration, including, without limitation, motions to dismiss or strike, demurrers and motions for summary judgment. 

 

	 	b.	The Company will pay all costs of the arbitration to the extent that such costs would not otherwise be incurred by you in a court proceeding. Both the Company and you will be responsible for your own attorneys’
fees, and the arbitrator may not award attorneys’ fees unless a statute or contract at issue specifically authorizes such an award. 

  

	 	c.	This arbitration provision does not apply to workers’ compensation or unemployment insurance claims. 

  

	 	d.	If an arbitrator or court of competent jurisdiction (the “Neutral”) determines that any provision of this arbitration provision is illegal or unenforceable, then the Neutral shall modify or replace the
language of this arbitration provision with a valid and enforceable provision, but only to the minimum extent necessary to render this arbitration provision legal and enforceable. 

If you have any questions, please contact me. 
  

	
	Sincerely,
	
	/s/ Kevin DeNuccio
	Kevin DeNuccio
	President and CEO
	Violin Memory, Inc.

 I have read this Letter Agreement and accept the offer of the position set forth above: 

 

	
	 /s/ Ebrahim Abbasi

	Signature: Ebrahim Abbasi
	Date: March 23, 2016

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