On August 31, 2018, Altisource Portfolio Solutions S.A. announced the appointment of Michelle D. Esterman as its Chief Financial Officer (CFO) effective as of August 27, 2018. Ms. Esterman previously served as the Company's CFO from March 2012 to October 2017 and as its Executive Vice President, Finance since October 2017. Indroneel Chatterjee has been assigned the role of Senior Vice President, New Business Initiatives and is no longer serving as the Company's CFO.

In connection with his new role and his relocation from Luxembourg to the United States, Mr. Chatterjee and the Company agreed to enter into a new twelve (12) month employment agreement (the Employment Agreement"), effective September 1, 2018, and to terminate his Luxembourg employment agreement.