Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
OCN > SEC Filings for OCN > Form 8-K on 5-Oct-2012All Recent SEC Filings

Show all filings for OCWEN FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for OCWEN FINANCIAL CORP


5-Oct-2012

Entry into a Material Definitive Agreement, Financial Statements and Exhibit


Item 1.01 Entry Into a Material Definitive Agreement

On October 1, 2012, Ocwen Mortgage Servicing, Inc. (OMS), a United States Virgin Islands corporation and a wholly owned subsidiary of Ocwen Financial Corporation (the Company), entered into the following service agreements with Altisource Solutions S.à r.l. (Altisource), pursuant to which Altisource will provide certain services to OMS:

· The Services Agreement, pursuant to which Altisource will provide certain services to OMS in connection with its business, with pricing terms intended to reflect market rates. The Services Agreement has an initial expiration date of August 31, 2020, and is subject to renewal. A copy of the Services Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

· The Technology Products Services Agreement, pursuant to which Altisource will provide certain technology products services to OMS in connection with its business, with pricing terms intended to reflect market rates. The Technology Products Services Agreement has an initial expiration date of August 31, 2020, and is subject to renewal. A copy of the Technology Products Services Agreement is attached hereto as Exhibit 10.2 and is incorporated herein by reference.

· The Data Center and Disaster Recovery Agreement, pursuant to which Altisource will provide certain data center and disaster recovery services to OMS in connection with its business, with pricing terms intended to reflect market rates. The Data Center and Disaster Recovery Agreement has an initial expiration date of August 31, 2020, and is subject to renewal. A copy of the Data Center and Disaster Recovery Agreement is attached hereto as Exhibit 10.3 and is incorporated herein by reference.

· The Intellectual Property Agreement governs the licensing of intellectual property between OMS and Altisource. The agreement has an initial expiration date of August 31, 2020, and is subject to renewal. A copy of the Intellectual Property Agreement is attached hereto as Exhibit 10.4 and is incorporated herein by reference.

OMS and Altisource also executed an amendment to the Support Services Agreement entered into by OMS and Altisource on August 10, 2012, and attached as Exhibit 10.1 to the Company's Form 8-K filed on August 16, 2012. The amendment adds business development services to the list of services to be provided pursuant to the agreement. A copy of the First Amendment to Support Services Agreement is attached hereto as Exhibit 10.5 and is incorporated herein by reference.

Also on October 1, 2012, the Company entered into amendments to the following agreements with Altisource:

· The Services Agreement, dated as of August 10, 2009, and attached as Exhibit 10.6 to the Company's Form 8-K filed on August 12, 2009. The amendment extends the terms of the agreement through August 31, 2020. A copy of the First Amendment to Services Agreement is attached hereto as Exhibit 10.6 and is incorporated herein by reference.

· The Technology Products and Services Agreement, dated as of August 10, 2009, and attached as Exhibit 10.5 to the Company's Form 8-K filed on August 12, 2009. The amendment extends the term of the agreement through August 31, 2020. A copy of the First Amendment to Technology Products and Services Agreement is attached hereto as Exhibit 10.7 and is incorporated herein by reference.

· The Data Center and Disaster Recovery Agreement, dated as of August 10, 2009, and attached as Exhibit 10.6 to the Company's Form 8-K filed on August 12, 2009. The amendment extends the terms of the agreement through August 31, 2020. A copy of the First Amendment to Data Center and Disaster Recovery Agreement is attached hereto as Exhibit 10.8 and is incorporated herein by reference.

· The Intellectual Property Agreement, dated as of August 10, 2009, and attached as Exhibit 10.7 to the Company's Form 8-K filed on August 12, 2009. The amendment extends the terms of the agreement through August 31, 2020. A copy of the First Amendment to Intellectual Property Agreement is attached hereto as Exhibit 10.9 and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits

(a) - (c) Not applicable

(d) Exhibits:

Exhibit No.     Description
10.1            Services Agreement, dated as of October 1, 2012, by and between
                Ocwen Mortgage Servicing, Inc. and Altisource Solutions S.à r.l.

10.2            Technology Products Services Agreement, dated as of October 1, 2012,
                by and between Ocwen Mortgage Servicing, Inc. and Altisource
                Solutions S.à r.l.

10.3            Data Center and Disaster Recovery Agreement, dated as of October 1,
                2012, by and between Ocwen Mortgage Servicing, Inc. and Altisource
                Solutions S.à r.l.

10.4            Intellectual Property Agreement, dated as of October 1, 2012, by and
                between Ocwen Mortgage Servicing, Inc. and Altisource Solutions S.à
                r.l.

10.5            First Amendment to Support Services Agreement, dated as of October
                1, 2012, by and between Ocwen Mortgage Servicing, Inc. and
                Altisource Solutions S.à r.l.

10.6            First Amendment to Services Agreement, dated as of October 1, 2012,
                by and between Ocwen Financial Corporation and Altisource Solutions
                S.à r.l.

10.7            First Amendment to Technology Products and Services Agreement, dated
                as of October 1, 2012, by and between Ocwen Financial Corporation
                and Altisource Solutions S.à r.l.

10.8            First Amendment to Data Center and Disaster Recovery Agreement,
                dated as of October 1, 2012, by and between Ocwen Financial
                Corporation and Altisource Solutions S.à r.l.

10.9            First Amendment to Intellectual Property Agreement, dated as of
                October 1, 2012, by and between Ocwen Financial Corporation and
                Altisource Solutions S.à r.l.

  Add OCN to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for OCN - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2013 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.