Document:

Exhibit 4.16

EXECUTION VERSION

AGREEMENT BETWEEN NOTEHOLDERS

Dated as of March 8, 2019

by and among

GOLDMAN SACHS BANK USA

(Initial Note A-2 Holder, Initial Note A-3 Holder, Initial Note A-4 Holder, Initial Note B-2 Holder and Initial Note C-2 Holder)

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note A-1 Holder, Initial Note B-1 Holder and Initial Note C-1 Holder)

Moffet Towers II – Building
5

    	 	  	 

     

    

THIS AGREEMENT BETWEEN
NOTEHOLDERS, dated as of March 8, 2019 by and between Goldman Sachs Bank USA (together with its successors and assigns in interest,
“Goldman”), a New York limited partnership, having an address of 200 West Street, New York, New York 10282 (in
its capacity as initial owner of Note A-2, Note A-3, Note A-4, Note B-2 and Note C-2, the “Initial Goldman Note Holder”,
and in its capacity as the initial agent, the “Initial Agent”) and Deutsche Bank AG, New York Branch (“DBNY”),
having an address at 60 Wall Street, 10th Floor, New York, New York 10005 (in its capacity as initial owner of the Note A-1, Note
B-1 and Note C-1, the “Initial DBNY Note Holder” and together with the Initial Goldman Note Holder, the “Initial
Noteholders”).

W I T N E S S E T H:

WHEREAS, pursuant
to the Mortgage Loan Agreement (as defined herein) the Initial Noteholders originated a certain loan (the “Mortgage Loan”)
described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the mortgage
loan borrower(s) described on the Mortgage Loan Schedule (the “Mortgage Loan Borrower”) secured by certain first
mortgages or deeds of trust lien (as amended, modified or supplemented, the “Mortgage”) on one or more parcels
of, or estates in, real property located as described on the Mortgage Loan Schedule (collectively, the “Mortgaged Property”),
which is evidenced, inter alia, by eight (8) promissory notes ((as amended, modified or supplemented, each a “Note”)
made by the Mortgage Loan Borrower in favor of the applicable Initial Noteholder having the designations, principal balances and
Initial Noteholder as set forth in the chart below. Each Note shall be referred to herein by its “Note Designation”
as set forth in the chart below.

	
        Note
        Designation
	
        Holder
	
        Original
        Principal Balance

	Note A-1	DBNY	$42,500,000
	Note A-2	GOLDMAN	$65,000,000
	Note A-3	GOLDMAN	$50,000,000
	Note A-4	GOLDMAN	$12,500,000
	Note B-1	DBNY	$63,750,000
	Note B-2	GOLDMAN	$21,250,000
	Note C-1	DBNY	$30,000,000
	Note C-2	GOLDMAN	$10,000,000

WHEREAS, the parties
hereto desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall hold
each Note;

NOW, THEREFORE,
in consideration of the mutual covenants herein contained, the parties hereto mutually agree as follows:

Section 1.       Definitions. References to a “Section,” the “preamble” or the “recitals” are,
unless otherwise specified, to a Section or the recitals of this Agreement. Capitalized terms not otherwise defined herein shall
have the meaning ascribed thereto in the Servicing Agreement. Whenever used in this Agreement, the following terms shall have the
respective meanings set forth below unless the context clearly requires otherwise.

    	 	  	 

     

    

“A Note(s)”
shall mean each Note that has a designation starting with “A”, either individually or in the aggregate as the context
may require.

“Acceptable
Insurance Default”  shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

“Additional
Servicing Expenses” shall mean (a) all Servicing Advances, fees and/or expenses incurred by and reimbursable to any Servicer,
Trustee, Operating Advisor, certificate administrator or fiscal agent pursuant to the Servicing Agreement relating solely to the
Mortgage Loan, and (b) all interest accrued on Advances made by (x) any Servicer or Trustee in accordance with the terms of the
Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead Securitization
Servicing Agreement; provided that (i) the aggregate special servicing fee (or equivalent) (which fee is payable solely
during the period that the Mortgage Loan is a Specially Serviced Mortgage Loan) shall not exceed an amount equal to 0.25% per annum
of the outstanding principal balance of the Mortgage Loan, (ii) the special servicing liquidation fee (or equivalent) shall not
exceed 1.0% of the collections made with respect to the Mortgage Loan or any sums received from proceeds from the disposition of
the Mortgaged Property or the Mortgage Loan, as the case may be, (iii) the special servicing workout fee (or equivalent) shall
not exceed 1.0% of the collections made with respect to the Mortgage Loan while the Mortgage Loan is a performing or “corrected”
loan (or such other analogous term pursuant to the Servicing Agreement), (iv) in no event shall both a workout fee and a liquidation
fee be payable on the same principal payment.

“Advance
Interest Amount” shall mean interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization
Servicing Agreement, as applicable.

“Advances”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement
or Non-Lead Securitization Servicing Agreement, as applicable (but for purposes hereof shall be limited to Advances in respect
of the Mortgage Loan or the Mortgaged Property).

“Affiliate”
shall mean with respect to any specified Person (i) any other Person Controlling or Controlled by or under common Control
with such specified Person (each a “Common Control Party”), (ii) any other Person owning, directly or indirectly,
ten percent (10%) or more of the beneficial interests in such Person or (iii) any other Person in which such Person or a Common
Control Party owns, directly or indirectly, ten percent (10%) or more of the beneficial interests.

“Agent”
shall mean the Initial Agent or such Person to whom the Initial Agent shall delegate its duties hereunder, and from and after the
Securitization Date shall mean the Certificate Administrator, if any, and if there is no Certificate Administrator, shall mean
the Trustee.

“Agent Office”
shall mean the designated office of the Agent in the State of New York, which office at the date of this Agreement is located at
Goldman Sachs Mortgage Company, 200 West Street, New York, New York 10282, Attention: Leah Nivison, and which is the address to
which notices to and correspondence with the Agent should be directed. The Agent may change the address of its designated office
by notice to the Noteholders.

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“Agreement”
shall mean this Agreement between Noteholders, the exhibits and schedule hereto and all amendments hereof and supplements hereto.

“Anticipated
Repayment Date” shall have the meaning assigned to such term in the Mortgage Loan Agreement.

“Applicable
Note A Interest Rate” shall have the meaning assigned to such term or any one or more analogous terms in the Mortgage
Loan Documents.

“Applicable
Note B Interest Rate” shall have the meaning assigned to such term or any one or more analogous terms in the Mortgage
Loan Documents.

“Applicable
Note C Interest Rate” shall have the meaning assigned to such term or any one or more analogous terms in the Mortgage
Loan Documents.

“Appraiser”
shall have the meaning assigned to such term in the Servicing Agreement.

“Appraisal”
shall have the meaning assigned to such term in the Servicing Agreement.

“Appraisal
Reduction Amount” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term
used in the Servicing Agreement.

“Asset Representations
Reviewer” shall mean the asset representations reviewer appointed pursuant to the Note A-2 PSA.

“Asset Review”
shall mean any review of representations and warranties conducted by the Non-Lead Asset Representations Reviewer, as contemplated
by Item 1101(m) of Regulation AB.

“Asset Status
Report” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement.

“B Note(s)”
shall mean each Note that has a designation starting with “B”, either individually or in the aggregate as the context
may require.

“Balloon
Payment” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement.

“Bankruptcy
Code” shall mean the United States Bankruptcy Code, as amended from time to time, any successor statute or rule promulgated
thereto.

“Business
Day” shall have the meaning assigned to such term in the Servicing Agreement or Non-Lead Securitization Servicing Agreement,
as applicable.

“C Note(s)”
shall mean each Note that has a designation starting with “C”, either individually or in the aggregate as the context
may require.

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“CDO Asset
Manager” with respect to any Securitization Vehicle which is a CDO, shall mean the entity which is responsible for managing
or administering the applicable Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any
Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the
holder of the applicable Note).

“Certificate
Administrator” shall mean the certificate administrator appointed pursuant to the Note A-2 PSA.

“Code”
shall mean the Internal Revenue Code of 1986, as amended.

“Collection
Account” shall mean the trust account or accounts (including any sub-accounts) created and maintained by the Servicer.

“Commission”
means the U.S. Securities and Exchange Commission or any successor thereto.

“Companion
Distribution Account” shall have the meaning assigned to such term or the term “Whole Loan Collection Account”
in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

“Conduit”
shall have the meaning assigned to such term in Section 19(f).

“Conduit
Credit Enhancer” shall have the meaning assigned to such term in Section 19(f).

“Conduit
Inventory Loan” shall have the meaning assigned to such term in Section 19(f).

“Control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of an
entity, whether through the ability to exercise voting power, by contract or otherwise.

“Control
Appraisal Period” shall mean a Note B Control Appraisal Period or a Note C Control Appraisal Period, as the context may
require.

“Controlling
Class Representative” shall mean the “Controlling Class Representative” as defined in the Servicing Agreement
or such other analogous term used in the Servicing Agreement.

“Controlling
Noteholder” shall mean as of any date of determination

(i)           
the holder or holders of a majority of the C Notes (by Principal Balance) (the “Majority C Noteholder”),
unless a Note C Control Appraisal Period has occurred and is continuing;

(ii)           
for so long as a Note C Control Appraisal Period has occurred and is continuing, the holder or holders of a majority of
the B Notes (by Principal Balance) (the

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“Majority B Noteholder”),
unless a Note B Control Appraisal Period has occurred and is continuing; or

(iii)           
if a Note B Control Appraisal Period has occurred and is continuing, the holder or holders of a majority of the Lead Securitization
Noteholder;

provided
that, if the Majority C Noteholder would be the Controlling Noteholder pursuant to the terms hereof, but any interest in the C
Notes is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, or the Mortgage Loan Borrower or Mortgage
Loan Borrower Related Party would otherwise be entitled to exercise the rights of the Controlling Noteholder, a Note C Control
Appraisal Period shall be deemed to have occurred. If the Majority B Noteholder would be the Controlling Noteholder pursuant to
the terms hereof, but any interest in the B Notes is held by the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party,
or the Mortgage Loan Borrower or Mortgage Loan Borrower Related Party would otherwise be entitled to exercise the rights of the
Controlling Noteholder, a Note B Control Appraisal Period shall be deemed to have occurred. At any time the Lead Securitization
Note is the Controlling Noteholder and is included in the Lead Securitization, references to the “Controlling Noteholder”
herein shall mean the holders of the majority of the class of securities issued in the Lead Securitization designated as the “controlling
class” (or such lesser amount as permitted under the terms of the Servicing Agreement) or such other class(es) otherwise
assigned the rights to exercise the rights of the “Controlling Noteholder” hereunder, as and to the extent provided
in the Servicing Agreement.

“Cure Period”
shall have the meaning assigned to such term in Section 11(a).

“Custodian”
shall have the meaning assigned to such term in the Servicing Agreement.

“DBRS”
shall mean DBRS, Inc., and its successors in interest.

“Defaulted
Mortgage Loan” shall have the meaning assigned to such term in the Servicing Agreement.

“Defaulted
Mortgage Loan Purchase Price” shall mean (i) in connection with the purchase of the A Notes by the Note B Holders or
the Note C Holders, the sum, without duplication, of

(a) the aggregate
of the Principal Balances of each A Note, (b) all accrued and unpaid interest on each of the A Notes at its applicable Interest
Rate, from the date as to which interest was last paid in full by Mortgage Loan Borrower up to and including the end of the interest
accrual period relating to the Monthly Payment Date next following the date the purchase occurred, (c) any other amounts due under
the Mortgage Loan to the holders of each A Note, other than Prepayment Premiums, Default Interest, late fees, exit fees and any
other similar fees, provided that if the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party is the purchaser,
the Defaulted Mortgage Loan Purchase Price shall include Prepayment Premiums, Default Interest, late fees, exit fees and any other
similar fees, (d) without duplication of amounts under clause (c), any unreimbursed Servicing Advances and any
expenses incurred in enforcing the Mortgage Loan

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Documents (including, without limitation,
Servicing Advances payable or reimbursable to any Servicer, and special servicing fees incurred by or on behalf of the Notes unless
previously reimbursed by the Mortgage Loan Borrower, (e) without duplication of amounts under clause (c), any accrued and
unpaid Advance Interest Amount with respect to an Advance made by or on behalf of any holder of an A Note, (f) (x) if the Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party is the purchaser, or (y) if the Mortgage Loan is purchased more than ninety
(90) days after such option first becomes exercisable pursuant to Section 12 of this Agreement, any liquidation or workout fees
payable under the Servicing Agreement with respect to the Mortgage Loan or (z) if the Mortgage Loan is purchased more than 120
days after such option first becomes exercisable pursuant to Section 12 of this Agreement, any Default Interest on each
of the A Notes at the applicable Default Rate set forth in the Mortgage Loan Agreement from the date as to which Default Interest
was last paid in full by Mortgage Loan Borrower and (g) any Recovered Costs not reimbursed previously to the holders of each
A Note pursuant to this Agreement. Notwithstanding the foregoing, if the Purchasing Noteholder is purchasing from the Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party, the Defaulted Mortgage Loan Purchase Price shall not include the amounts
described under clauses (i)(d) - (f) of this definition; plus

(ii) in connection
with the purchase of each B Note by the Note C Holders, the sum, without duplication of:

(a) the aggregate
of the Principal Balances of each B Note, (b) all accrued and unpaid interest on each of the B Notes at its applicable Interest
Rate, from the date as to which interest was last paid in full by Mortgage Loan Borrower up to and including the end of the interest
accrual period relating to the Monthly Payment Date next following the date the purchase occurred, (c) any other amounts due under
the Mortgage Loan to the holders of each B Note, other than Prepayment Premiums, Default Interest, late fees, exit fees and any
other similar fees, provided that if the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party is the purchaser,
the Defaulted Mortgage Loan Purchase Price shall include Prepayment Premiums, Default Interest, late fees, exit fees and any other
similar fees, (d) without duplication of amounts under clause (c), any unreimbursed Servicing Advances and any
expenses incurred in enforcing the Mortgage Loan Documents (including, without limitation, Servicing Advances payable or reimbursable
to any Servicer, and special servicing fees incurred by or on behalf of the Notes unless previously reimbursed by the Mortgage
Loan Borrower, (e) without duplication of amounts under clause (c), any accrued and unpaid Advance Interest Amount with respect
to an Advance made by or on behalf of any holder of an B Note, (f) (x) if the Mortgage Loan Borrower or a Mortgage Loan Borrower
Related Party is the purchaser or (y) if the Mortgage Loan is purchased more than ninety (90) days after such option first becomes
exercisable pursuant to Section 12 of this Agreement, any liquidation or workout fees payable under the Servicing Agreement with
respect to the Mortgage Loan or (z) if the Mortgage Loan is purchased more than 120 days after such option first becomes exercisable
pursuant to Section 12 of this Agreement, any Default Interest on each of the B Notes at the applicable Default Rate from
the date as to which Default Interest was last paid in full by Mortgage Loan Borrower and (g) any Recovered Costs not reimbursed
previously to the holders of each A Note pursuant to this Agreement. Notwithstanding the foregoing, if the Purchasing Noteholder
is purchasing from the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party, the Defaulted Mortgage Loan Purchase Price
shall not include the amounts described under clauses (ii)(d) - (f) of this definition.

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If the Mortgage Loan
is converted into an REO Property, for purposes of determining the Defaulted Mortgage Loan Purchase Price, interest will be deemed
to continue to accrue on each Note at the applicable Default Rate as if the Mortgage Loan were not so converted. In no event shall
the Defaulted Mortgage Loan Purchase Price include amounts due or payable to the Purchasing Noteholder under this Agreement.

“Defaulted
Note Purchase Date” shall have the meaning assigned to such term in Section 12.

“Default
Interest” shall mean with respect to any Note, interest on such Note at a rate per annum equal to interest accrued thereon
at the Default Rate in excess of the Interest Rate applicable to such Note.

“Default
Rate” shall mean with respect to any Note, the lesser of the Interest Rate plus five percent (5%) or the maximum rate
permitted by applicable law.

“Depositor”
shall mean the Person selected by the Lead Securitization Noteholder to create the Securitization Trust.

“Event of
Default” shall mean, with respect to the Mortgage Loan, an “Event of Default” as defined in the Mortgage
Loan Documents.

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended.

“Final Recovery
Determination” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used
in the Servicing Agreement.

“Fitch”
shall mean Fitch Ratings, Inc., and its successors in interest.

“Grace Period”
shall have the meaning assigned to such term in Section 11(a).

“Indemnified
Items” shall mean, collectively, any claims, losses, penalties, fines, forfeitures, reasonable legal fees and related
costs, judgments and any other costs, liabilities, fees and expenses incurred in connection with the servicing and administration
of the Mortgage Loan and the Mortgaged Property (or, with respect to the Operating Advisor, incurred in connection with the provision
of services for the Mortgage Loan) under the Servicing Agreement.

“Indemnified
Parties” shall mean, collectively, (i) as and to the same extent the Lead Securitization Trust is required to indemnify
each of the following parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the terms of the
Servicing Agreement, each of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating
Advisor, the Asset Representations Reviewer and the Depositor (and any director, officer, employee or agent of any of the foregoing,
to the extent such parties are identified as indemnified parties in the Servicing Agreement in respect of other mortgage loans)
and (ii) the Lead Securitization Trust.

“Independent”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

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“Initial
Agent” shall have the meaning assigned to such term in the recitals.

“Initial
DBNY Note Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

“Initial
Goldman Note Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

“Initial
Interest Rate” shall mean, as of any date of determination, (a) with respect to each A Note, the Initial Note A Interest
Rate, (b) with respect to each B Note, the Initial Note B Interest Rate and (c) with respect to each C Note, the Initial Note C
Interest Rate.

“Initial
Note A Interest Rate” shall have the meaning assigned to such term or any one or more analogous terms in the Mortgage
Loan Documents.

“Initial
Note B Interest Rate” shall have the meaning assigned to such term or any one or more analogous terms in the Mortgage
Loan Documents.

“Initial
Note C Interest Rate” shall have the meaning assigned to such term or any one or more analogous terms in the Mortgage
Loan Documents.

“Initial
Noteholder” as to any Note shall mean either the Initial Goldman Note Holder or the Initial DBNY Note Holder as is designated
the “Holder” in the table set forth in the preamble to this Agreement.

“Initial
Noteholders” shall have the meaning assigned to such term in the recitals.

“Insolvency
Proceeding” shall mean any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et seq.) or any other
insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan Borrower, any action for the dissolution
of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the application of the assets of the Mortgage
Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of a trustee, receiver
or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or any other action concerning
the adjustment of the debts of the Mortgage Loan Borrower, the cessation of business by the Mortgage Loan Borrower, except following
a sale, transfer or other disposition of all or substantially all of the assets of the Mortgage Loan Borrower in a transaction
permitted under the Mortgage Loan Documents; provided, however, that following any such permitted transaction affecting
the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes of this Agreement shall be defined to mean the successor
owner of the Mortgaged Property from time to time as may be permitted pursuant to the Mortgage Loan Documents; provided,
further, however, that for the purposes of this definition, in the event that more than one entity comprises the
Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall refer to any such entity.

“Insurance
and Condemnation Proceeds” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

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“Interest
Rate” shall mean, as of any date of determination, (a) with respect to each A Note, the Applicable Note A Interest Rate,
(b) with respect to each B Note, the Applicable Note B Interest Rate and (c) with respect to each C Note, the Applicable Note C
Interest Rate.

“Interested
Person” shall mean the Depositor, a Non-Lead Depositor, the Master Servicer, the Non-Lead Master Servicer, the Special
Servicer, the Non-Lead Special Servicer, the Non-Lead Trustee, any Mortgage Loan Borrower, any manager of any Mortgaged Property,
any independent contractor engaged by any of the foregoing parties, the Operating Advisor, the Non-Lead Operating Advisor, the
Controlling Noteholder, the Junior Operating Advisor, a Non-Controlling Noteholder, the Controlling Class Representative, any holder
of a related mezzanine loan, or any known Affiliate of any such party described above.

“Interim
Servicing Agreement” shall mean that certain interim servicing agreement to be negotiated in good faith between the parties
hereto after the date hereof. Until such time as the parties hereto execute an Interim Servicing Agreement, the Noteholders shall
cause the Mortgage Loan to be serviced by in accordance with this Agreement and the customary and usual servicing practices of
originators of commercial mortgage loans intended to be securitized. The Servicing Fee Rate under the Interim Servicing Agreement
will be 1.0 basis points per annum, paid monthly based on the outstanding principal balance of the Notes and calculated on the
same basis as interest is accrued on the Mortgage Loan.

“Intervening
Trust Vehicle” with respect to any Securitization Vehicle that is a CDO, shall mean a trust vehicle or entity which holds
the applicable Note as collateral securing (in whole or in part) any obligation or security held by such Securitization Vehicle
as collateral for the CDO.

“Junior Operating
Advisor” shall mean, with respect to the Mortgage Loan, the advisor appointed pursuant to Section 6(a).

“KBRA”
shall mean Kroll Bond Rating Agency, Inc., or its successor in interest.

“Lead Securitization”
shall mean shall mean the sale by the Noteholder of the A-2 Note of all of such Note (or the first securitization of any portion
of such Note, if applicable) to the Depositor, who will in turn include such portion of such Note as part of a securitization of
one or more mortgage loans.

“Lead Securitization
Date” shall mean the closing date of the Lead Securitization.

“Lead Securitization
Note” shall mean Note A-2.

“Lead Securitization
Noteholder” shall mean the Holder of the Lead Securitization Note.

“Lead Securitization
Trust” shall mean the Securitization Trust created in connection with the Lead Securitization.

“Liquidation
Proceeds” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement.

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“Major Decisions”
shall have the meaning given to such term or any one or more analogous terms in the Servicing Agreement; provided that at any time
that Note A-2 is not included in the Lead Securitization, “Major Decision” shall mean:

(i)           
any proposed or actual foreclosure upon or comparable conversion (which shall include acquisitions of any REO Property)
of the ownership of the property or properties securing the Mortgage Loan if it comes into and continues in default;

(ii)           
any modification, consent to a modification or waiver of any monetary term (other than late fees and Default Interest) or
material non-monetary term (including, without limitation, the timing of payments and acceptance of discounted payoffs) of the
Mortgage Loan Documents or any extension of the maturity date of the Mortgage Loan;

(iii)           
following a default or an event of default with respect to the Mortgage Loan Documents, any exercise of remedies, including
the acceleration of the Mortgage Loan or initiation of any proceedings, judicial or otherwise, under the related Mortgage Loan
Documents;

(iv)           
any sale of the Mortgage Loan (when it is a Defaulted Mortgage Loan) or REO Property for less than the applicable Purchase
Price (as defined in the Servicing Agreement);

(v)           
any determination to bring a Mortgaged Property or an REO Property into compliance with applicable environmental laws or
to otherwise address any Hazardous Materials (as defined in the Servicing Agreement) located at a Mortgaged Property or an REO
Property;

(vi)           
any release of material collateral or any acceptance of substitute or additional collateral for the Mortgage Loan or any
consent to either of the foregoing, other than if required pursuant to the specific terms of the related Mortgage Loan Documents
and for which there is no lender discretion;

(vii)           
any waiver of or any determination not to enforce a “due-on-sale” or “due-on-encumbrance” clause
with respect to the Mortgage Loan or any consent to such a waiver or any consent to a transfer of all or any portion of the Mortgaged
Property or of any direct or indirect legal or beneficial interests in the Mortgage Loan Borrower;

(viii)           
any incurrence of additional debt by the Mortgage Loan Borrower or any mezzanine financing by any direct or indirect beneficial
owner of the Mortgage Loan Borrower (to the extent that the lender has consent rights pursuant to the related Mortgage Loan Documents);

(ix)           
any material modification, waiver or amendment of an intercreditor agreement, co-lender agreement or similar agreement with
any mezzanine lender

    	 	 10	 

     

    

or subordinate debt holder related
to the Mortgage Loan, or any action to enforce rights (or decision not to enforce rights) with respect thereto;

(x)           
any property management company changes, including, without limitation, approval of a new property manager or the termination
of a manager and appointment of a new property manager or franchise changes, and any new management agreement or amendment, modification
or termination of any management agreement (in each case, if the lender is required to consent or approve such changes under the
Mortgage Loan Documents);

(xi)           
releases of any material amounts from any escrow accounts, reserve funds or letters of credit, in each case, held as performance
escrows or reserves, other than those required pursuant to the specific terms of the related Mortgage Loan Documents and for which
there is no lender discretion;

(xii)           
any acceptance of an assumption agreement releasing a borrower, guarantor or other obligor from liability under the Mortgage
Loan other than pursuant to the specific terms of such Mortgage Loan and for which there is no lender discretion;

(xiii)           
any determination of an Acceptable Insurance Default;

(xiv)           
any determination by the Master Servicer to transfer the Mortgage Loan to the Special Servicer under the circumstances where
the Master Servicer determines, in its reasonable business judgment, exercised in accordance with the Servicing Standard, that
a default consisting of a failure to make a payment of principal or interest is reasonably foreseeable or there is a significant
risk of such default or any other default that is likely to impair the use or marketability of the Mortgaged Properties or such
other analogous event described in the definition of Servicing Transfer Event; or

(xv)           
any modification, waiver or amendment of any lease, the execution of any new lease or the granting of a subordination and
nondisturbance or attornment agreement in connection with any lease, at a Mortgaged Property if it would be a Material Lease (as
defined in the Mortgage Loan Agreement).

“Master Servicer”
shall mean the master servicer appointed pursuant to the Servicing Agreement.

“Model PSA”
shall mean the Pooling and Servicing Agreement, dated as of February 1,
2019, by and among GS Mortgage Securities Corporation II, as Depositor, Wells Fargo Bank, National Association, as Master Servicer,
Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer, Wells Fargo Bank, National Association,
as Certificate Administrator, Wilmington Trust, National Association, as Trustee, and Pentalpha Surveillance LLC, as Operating
Advisor and as Asset Representations Reviewer, on behalf of the holders of GS Mortgage Securities Trust 2019-GC38, Commercial Mortgage
Pass-Through Certificates, Series 2019-GC38.

    	 	 11	 

     

    

“Monetary
Default” shall have the meaning assigned to such term in Section 11(a).

“Monetary
Default Notice” shall have the meaning assigned to such term in Section 11(a).

“Monthly
Payment” shall have the meaning assigned to such term or such analogous in the Servicing Agreement.

“Monthly
Payment Date” shall have the meaning assigned to such term in the Mortgage Loan Documents).

“Moody’s”
shall mean Moody’s Investors Service, Inc., and its successors in interest.

“Morningstar”:
Morningstar Credit Ratings, LLC, or any of its successors in interest, assigns, and/or changed entity name or designation resulting
from any acquisition by Morningstar, Inc. or other similar entity of Realpoint LLC.

“Mortgage”
shall have the meaning assigned to such term in the recitals.

“Mortgaged
Property” shall have the meaning assigned to such term in the recitals.

“Mortgage
Loan” shall have the meaning assigned to such term in the recitals.

“Mortgage
Loan Agreement” shall mean the Loan Agreement, dated as of March 8, 2019, between the Mortgage Loan Borrower, as Borrower,
and the Initial Noteholders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time
to time, subject to the terms hereof.

“Mortgage
Loan Borrower” shall have the meaning assigned to such term in the recitals.

“Mortgage
Loan Borrower Related Party” shall have the meaning assigned to such term in Section 18.

“Mortgage
Loan Documents” shall mean, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes and
all other documents now or hereafter evidencing and securing the Mortgage Loan.

“Mortgage
Loan Schedule” shall mean the Schedule attached hereto as Exhibit A.

“Net Note
Rate” shall mean with respect to any Note, the Initial Interest Rate for such Note minus the Servicing Fee Rate applicable
to such Note.

“Non-Controlling
Note” shall mean the interest of each Non-Controlling Noteholder in its Note.

“Non-Controlling
Noteholder” shall mean each Noteholder other than the Controlling Noteholder; provided that, if at any time a
Non-Controlling Note (or, at any time a

    	 	 12	 

     

    

Non-Lead Securitization Note is included
in a Securitization, the Non-Lead Securitization Subordinate Class Representative) is held by the Mortgage Loan Borrower or a Mortgage
Loan Borrower Related Party, no Person shall be entitled to exercise the rights of such Non-Controlling Noteholder with respect
to such Non-Controlling Note.

“Non-Exempt
Person” shall mean any Person other than a Person who is either (i) a U.S. Person or (ii) has on file with the Agent
for the relevant year such duly-executed form(s) or statement(s) which may, from time to time, be prescribed by law and which,
pursuant to applicable provisions of (A) any income tax treaty between the United States and the country of residence of such Person,
(B) the Code or (C) any applicable rules or regulations in effect under clauses (A) or (B) above, permit the Servicer on behalf
of the Noteholders to make such payments free of any obligation or liability for withholding.

“Non-Lead
Asset Representations Reviewer” shall mean the party acting as “asset representations reviewer” (within the
meaning of Item 1101(m) of Regulation AB) under a Non-Lead Securitization.

“Non-Lead
Certificate Administrator” shall mean the “certificate administrator” or such other analogous term under
a Non-Lead Securitization.

“Non-Lead
Depositor” shall mean the “depositor” under a Non-Lead Securitization.

“Non-Lead
Master Servicer” shall mean the applicable “master servicer” under a Non-Lead Securitization.

“Non-Lead
Note” shall mean each Note other than the Lead Securitization Note.

“Non-Lead
Noteholder” shall mean any Noteholder other than the Lead Securitization Noteholder.

“Non-Lead
Operating Advisor” shall mean the “trust advisor”, “operating advisor” or such other analogous
term under a Non-Lead Securitization.

“Non-Lead
Securitization” shall mean any Securitization of an A Note in a Securitization Trust other than the Lead Securitization.

“Non-Lead
Securitization Date” shall mean the closing date of any Non-Lead Securitization.

“Non-Lead
Securitization Note” shall mean an A Note other than the Lead Securitization Note.

“Non-Lead
Securitization Noteholder” shall mean each Note A Holder other than the Lead Securitization Note, provided that
at any time an A Note that is not the Lead Securitization Note is included in a Securitization other than the Lead Securitization,
references to the “Non-Lead Securitization Noteholder” herein shall mean the Non-Lead Securitization Subordinate Class
Representative under the related Non-Lead Securitization Servicing Agreement, as and to the

    	 	 13	 

     

    

extent provided in the related Non-Lead
Securitization Servicing Agreement and as to the identity of which the Lead Securitization Noteholder (and the Master Servicer
and the Special Servicer) has been given written notice. The Lead Securitization Noteholder (or the Master Servicer or the Special
Servicer acting on its behalf) shall not be required at any time to deal with more than one party exercising the rights of a “Non-Lead
Securitization Noteholder” herein or under the Servicing Agreement and, to the extent that the related Non-Lead Securitization
Servicing Agreement assigns such rights to more than one party, for purposes of this Agreement, the Non-Lead Securitization Servicing
Agreement shall designate one party to deal with the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer
acting on its behalf) and provide written notice of such designation to the Lead Securitization Noteholder (and the Master Servicer
and the Special Servicer acting on its behalf) (such party, the “Non-Lead Securitization Noteholder Representative”);
provided that, in the absence of such designation and notice, the Lead Securitization Noteholder (or the Master Servicer
or the Special Servicer acting on its behalf) shall be entitled to treat the last party as to which it has received written notice
as having been designated as the Non-Lead Securitization Noteholder Representative with respect to such Non-Controlling Note for
all purposes of this Agreement.

Prior to Securitization
of any Non-Lead Securitization Note by the Non-Lead Securitization Noteholder (including any New Notes), all notices, reports,
information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement
or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its
behalf) only need to be delivered to each Non-Lead Securitization Noteholder Representative and, when so delivered to each Non-Lead
Securitization Noteholder Representative, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting
on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing
Agreement. Following Securitization of any Non-Lead Securitization Notes by the Non-Lead Securitization Noteholder, all notices,
reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this
Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting
on its behalf) shall be delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer (who then may
forward such items to the party entitled to receive such items as and to the extent provided in the related Non-Lead Securitization
Servicing Agreement) and, when so delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer,
the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have
satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement.

“Non-Lead
Securitization Noteholder Representative” shall have the meaning assigned to such term in the definition of “Non-Lead
Securitization Noteholder”.

“Non-Lead
Securitization Servicing Agreement” shall mean the servicing agreement for the related Non-Lead Securitization.

“Non-Lead
Securitization Subordinate Class Representative” shall mean the holders of the majority of the class of securities issued
in a Non-Lead Securitization designated as the “controlling class” pursuant to the related Non-Lead Securitization
Servicing Agreement or

    	 	 14	 

     

    

their duly appointed representative;
provided that if 50% or more of the class of securities issued in any Non-Lead Securitization designated as the “controlling
class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder”
is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, no person shall be entitled to exercise the
rights of the related Non-Lead Securitization Subordinate Class Representative.

“Non-Lead
Securitization Trust” shall mean each Securitization Trust into which any Non-Lead Securitization Note is deposited.

“Non-Lead
Servicer” shall mean the Non-Lead Master Servicer or Non-Lead Special Servicer, as applicable.

“Non-Lead
Special Servicer” shall mean the “special servicer” under a Non-Lead Securitization.

“Non-Lead
Trustee” shall mean the applicable “trustee” under a Non-Lead Securitization.

“Non-Monetary
Default” shall have the meaning assigned to such term in Section 11(d).

“Non-Monetary
Default Cure Period” shall have the meaning assigned to such term in Section 11(d).

“Non-Monetary
Default Notice” shall have the meaning assigned to such term in Section 11(d).

“Nonrecoverable
Servicing Advance” shall have the meaning assigned to the term “Nonrecoverable Property Protection Advance”
in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

“Note”
shall mean any A Note, B Note or C Note, as applicable.

“Note A ARD
Interest” shall heaving the meaning given to the term “Note A Accrued Interest” in the Mortgage Loan Agreement.

“Note A-2
PSA” shall mean a pooling and servicing agreement, substantially in the form of the Model PSA and subject to Section
2 hereof, to be entered into in connection with the Securitization, by and among (a) the Person who serves as Trustee from
and after the Lead Securitization Date, (b) the Person who serves as Master Servicer from and after the Lead Securitization
Date, (c) the Person which serves as Special Servicer from and after the Lead Securitization Date, (d) the Person who serves
as Operating Advisor from and after the Lead Securitization Date and (e) the Depositor, and any other additional Persons that
may be party to such pooling and servicing agreement; provided it is acknowledged that such agreement is subject in all respects
to changes (i) required by the Code relating to the tax elections of the related Securitization Trust (ii) required by law
or changes in any law, rule or regulation and (iii) requested by the Rating Agencies or any purchaser of subordinate certificates.
The Servicing Standard in

    	 	 15	 

     

    

the Note A-2 PSA shall require, among
other things, that each Servicer, in servicing the Mortgage Loan, must take into account the interests of each Noteholder (taking
into account that the Subordinate Notes are junior to the A Notes as and to the extent provided herein).

“Note A Holder(s)”
shall mean the Noteholder(s) of A Notes.

“Note B ARD
Interest” shall have the meaning given to the term “Note B Accrued Interest” in the Mortgage Loan Agreement.

“Note B Control
Appraisal Period” A “Note B Control Appraisal Period” shall exist with respect to the Mortgage Loan, if and
for so long as:

(a)               
(1) the sum of the aggregate initial Principal Balances of the B Notes set forth on the Mortgage Loan Schedule minus (2)
the sum (without duplication) of (x) any payments of principal (whether as principal prepayments or otherwise) allocated to, and
received on, any B Note after the date of its creation, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated
to such B Notes and (z) any losses realized with respect to the Mortgaged Property or the Mortgage Loan that are allocated to the
B Notes, is less than

(b)              
25% of the remainder of (i) the sum of the aggregate initial Principal Balances of the B Notes set forth on the Mortgage
Loan Schedule less (ii) any payments of principal (whether as principal prepayments or otherwise) allocated to, and received by,
the Note B Holders after the date of their creation.

“Note B Holder(s)”
shall mean the Noteholder(s) of B Notes.

“Note C ARD
Interest” shall heaving the meaning given to the term “Note C Accrued Interest” in the Mortgage Loan Agreement.

“Note C Control
Appraisal Period” A “Note C Control Appraisal Period” shall exist with respect to the Mortgage Loan, if and
for so long as:

(a)               
(1) the sum of the aggregate initial Principal Balances of the C Notes set forth on the Mortgage Loan Schedule minus (2)
the sum (without duplication) of (x) any payments of principal (whether as principal prepayments or otherwise) allocated to, and
received on, any C Note after the date of its creation, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated
to such C Notes and (z) any losses realized with respect to the Mortgaged Property or the Mortgage Loan that are allocated to the
C Notes, is less than

(b)               25%
of the remainder of (i) the sum of the aggregate initial Principal Balances of the C Notes set forth on the Mortgage Loan Schedule
less (ii) any payments of principal (whether as principal prepayments or otherwise) allocated to, and received by, the Note C
Holders after the date of their creation.

“Note C Holder(s)”
shall mean the Noteholder(s) of C Notes.

    	 	 16	 

     

    

“Note Pledgee”
shall have the meaning assigned to such term in Section 19(e).

“Note Register”
shall have the meaning assigned to such term in Section 21.

“Noteholder”
shall mean with respect to any Note, the Initial Noteholder thereof, or any subsequent holder of such Note, together with its successors
and assigns.

“Noteholder
Purchase Notice” has the meaning assigned to such term in Section 12.

“Operating
Advisor” shall mean the operating advisor appointed pursuant to the Note A-2 PSA.

“Percentage
Interest” with respect to any Note shall mean a fraction, expressed as a percentage, the numerator of which is the Principal
Balance of such Note and the denominator of which is the sum of the Principal Balances of all Notes.

“Permitted
Fund Manager” shall mean any Person that on the date of determination is (i) one of the entities on Exhibit C
attached hereto and made a part hereof or any other a nationally-recognized manager of investment funds investing in debt or equity
interests relating to commercial real estate, (ii) investing through a fund or funds with committed capital of at least $500,000,000
and (iii) not subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

“Person”
shall have the meaning assigned to such term in the Servicing Agreement.

“Pledge”
shall have the meaning assigned to such term in Section 19(e).

“Prepayment
Premium” shall mean, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance
premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents,
including any exit fee.

“Principal
Balance” with respect to any Note as of any date of determination shall mean the initial principal balance set forth
on the Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3,
4 or 5, as applicable.

“Purchased
Note” has the meaning assigned to such term in Section 12.

“Purchasing
Noteholder” has the meaning assigned to such term in Section 12.

“Qualified
Institutional Lender” shall mean each of the Initial Noteholders (and any Affiliates and subsidiaries of such entity)
and any other Person that is:

(a)   
an entity Controlled (as defined below) by, under common Control with or Controlling any Initial Noteholder, or

(b)  
one or more of the following:

    	 	 17	 

     

    

(i)           
a real estate investment bank, an insurance company, reinsurance trust, bank, savings and loan association, investment bank,
trust company, commercial credit corporation, pension plan, pension fund, pension fund advisory firm, mutual fund, real estate
investment trust, governmental entity or plan, or

(ii)           
an investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule
144A under the Securities Act of 1933, as amended, or an “accredited investor” within the meaning of Rule 501(a) (1),
(2), (3) or (7) of Regulation D under the Securities Act of 1933, as amended, or

(iii)           
a Qualified Trustee (or in the case of a CDO, a single purpose bankruptcy remote entity which contemporaneously assigns
or pledges its Note, or a participation interest therein (or any portion thereof) to a Qualified Trustee) in connection with (a)
a securitization of, (b) the creation of collateralized debt obligations (“CDO”) secured by, or (c) a financing
through an “owner trust” of, a Note (any of the foregoing, a “Securitization Vehicle”), provided
that (1) one or more classes of securities issued by such Securitization Vehicle is initially rated at least investment grade by
each of the Rating Agencies which assigned a rating to one or more classes of securities issued in connection with such securitization
(it being understood that with respect to any Rating Agency that assigned such a rating to the securities issued by such Securitization
Vehicle, a Rating Agency Confirmation will not be required in connection with a transfer of such Note to such Securitization Vehicle);
(2) in the case of a Securitization Vehicle that is not a CDO, the special servicer of such Securitization Vehicle has a Required
Special Servicer Rating or is otherwise acceptable to the Rating Agencies rating each Securitization (such entity, an “Approved
Servicer”) and such Approved Servicer is required to service and administer such Note in accordance with servicing arrangements
for the assets held by the Securitization Vehicle which require that such Approved Servicer act in accordance with a servicing
standard notwithstanding any contrary direction or instruction from any other Person; or (3) in the case of a Securitization Vehicle
that is a CDO, the CDO Asset Manager and, if applicable, each Intervening Trust Vehicle that is not administered and managed by
a CDO Asset Manager which is a Qualified Institutional Lender, are each a Qualified Institutional Lender under clauses (i),
(ii), (iii), (iv) or (v) of this definition, or

(iv)           
an investment fund, limited liability company, limited partnership or general partnership having capital and/or capital
commitments of at least $500,000,000, in which (A) the applicable Noteholder, (B) a person that is otherwise a Qualified Institutional
Lender under clause (i), (ii) or (v) (with respect to an institution substantially similar to the entities referred to in clause
(i) or (ii) above), or (C) a Permitted Fund Manager, acts as a general partner, managing member, or the fund manager responsible
for the day-to-day management and operation of such investment vehicle and provided that at least 50% of the equity interests in
such investment vehicle are owned, directly or indirectly, by one or more entities that are otherwise Qualified Institutional Lenders
(without regard to

    	 	 18	 

     

    

the capital surplus/equity and total
asset requirements set forth below in the definition), or

(v)           
an entity substantially similar to any of the foregoing, and

(vi)           
in the case of any entity referred to in clause (b)(i), (b)(ii), (b)(iii)(a), (b)(iv)(B) or (b)(v) of this definition, (x)
such entity has at least $200,000,000 in capital/statutory surplus or shareholders’ equity (except with respect to a pension
advisory firm, asset manager or similar fiduciary) and at least $500,000,000 in total assets (in name or under management), and
(y) is regularly engaged in the business of making or owning commercial real estate loans (or interests therein) similar to the
Mortgage Loan (or mezzanine loans with respect thereto) or owning junior CMBS securities or owning or operating commercial real
estate properties; provided that, in the case of the entity described in clause (iv) (B) above, the requirements of this clause
(y) may be satisfied by a general partner, managing member, or the fund manager responsible for the day-to-day management and operation
of such entity, or

(vii)           
a Person that is otherwise a Qualified Institutional Lender but is acting in an agency capacity for a syndicate of lenders
where at least 51% of the lenders in such syndicate are otherwise Qualified Institutional Lenders under clauses (b)(i),
(ii), (iv), (v) and (vi) above, or

(viii)           
a private trust established and authorized under the laws of the Republic of Korea (an “Acquiring Korean Trust”),
so long as the beneficiaries of, and owners of not less than 51% of the equity interest in, the Acquiring Korean Trust are, directly
or indirectly, Persons that are otherwise Qualified Institutional Lender and satisfy the capital surplus/equity and total asset
requirements set forth in clause (b)(vi), above; or

(c)   
any entity Controlled (as defined below) by any of the entities described in clause (b) above or approved by the
Rating Agencies hereunder as a Qualified Institutional Lender for purposes of this Agreement, or as to which the Rating Agencies
have stated they would not review such entity in connection with the subject transfer.

For purposes of this
definition only, “Control” means the ownership, directly or indirectly, in the aggregate of more than fifty
percent (50%) of the beneficial ownership interests of an entity and the possession, directly or indirectly, of the power to direct
or cause the direction of the management or policies of an entity, whether through the ability to exercise voting power, by contract
or otherwise (“Controlled” and “Controlling” have the meaning correlative thereto).

“Qualified
Trustee” means (i) a corporation, national bank, national banking association or a trust company, organized and doing
business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers
and to accept the trust conferred, having a combined capital and surplus of at least $50,000,000 and subject to supervision or
examination by federal or state authority, (ii) an institution insured by the Federal Deposit Insurance Corporation or (iii) an
institution whose long-term senior unsecured

    	 	 19	 

     

    

debt is rated either of the then in
effect top two rating categories of each of the applicable Rating Agencies.

“Rating Agencies”
shall mean any of (a) S&P, (b) Moody’s, (c) Fitch, (d) DBRS, (e) KBRA and (f) Morningstar or, (g) if any of such entities
shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized statistical
rating agency reasonably designated by the Depositor or Non-Lead Depositor to rate the securities issued in connection with the
Securitization of any A Note; provided, however, that, at any time during which any A Note is an asset of one or more Securitizations,
“Rating Agencies” or “Rating Agency” shall mean only those rating agencies that are engaged by the Depositor
or Non-Lead Depositor, as applicable, from time to time to rate the securities issued in connection with the Securitization of
such Note.

“Rating Agency
Confirmation” shall mean, after a Securitization, the meaning given thereto or any analogous term in the Servicing Agreement
including any deemed Rating Agency Confirmation.

“Recovered
Costs” shall mean any amounts referred to in clauses (i)(d) and/or (i)(e) of the definition of “Defaulted Mortgage
Loan Purchase Price” that, at the time of determination, had been previously paid or reimbursed to any Servicer from sources
other than collections on or in respect of the Mortgage Loan or the Mortgaged Property (including, without limitation, from collections
on or in respect of loans, if any, other than the Mortgage Loan).

“Redirection
Notice” shall have the meaning assigned to such term in Section 19(e).

“Regulation
AB” shall mean Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1125,
as such rules may be amended from time to time, and subject to such clarification and interpretation as have been provided by the
Commission or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, in each case
as effective from time to time as of the compliance dates specified therein.

“Relative
Spread” with respect to any Note and any date of determination shall mean the ratio of the Interest Rate of such Note
to the weighted average as of such date of determination (prior to taking into account any payments made on account of principal
as of such date) of the Interest Rates on all the Notes based on their Principal Balances.

“REMIC”
shall mean a real estate mortgage investment conduit within the meaning of Section 860D(a) of the Code.

“REMIC Provisions”
shall mean provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Sections
860A through 860G of subchapter M of Chapter 1 of the Code, and related provisions, and regulations (including any applicable proposed
regulations) and rulings promulgated thereunder, as the foregoing may be in effect from time to time.

“Required
Special Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3”,
(ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special
Servicer, (iii) in the case of Moody’s,

    	 	 20	 

     

    

such special servicer is acting as special
servicer for one or more loans included in a commercial mortgage loan securitization that was rated by Moody’s within the
twelve (12) month period prior to the date of determination, and Moody’s has not downgraded or withdrawn the then-current
rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the
continuation of such special servicer as special servicer of such commercial mortgage loans, (iv) in the case of Morningstar, either
(a) the applicable replacement has a special servicer ranking of at least “MOR CS3” by Morningstar (if ranked by Morningstar)
or (b) if not ranked by Morningstar, is currently acting as a special servicer on a deal or transaction-level basis for all or
a significant portion of the related mortgage loans in other CMBS transactions rated by any of S&P, Moody’s, Morningstar,
Fitch, DBRS or KBRA and the trustee does not have actual knowledge that Morningstar has, and the replacement special servicer certifies
that Morningstar has not, with respect to any such other CMBS transaction, qualified, downgraded or withdrawn its rating or ratings
on one or more classes of such CMBS transaction citing servicing concerns of the applicable replacement as the sole or material
factor in such rating action, (v) in the case of KBRA, KBRA has not cited servicing concerns of such special servicer as the sole
or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in
contemplation of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior to the
time of determination, and (vi) in the case of DBRS, such special servicer is currently acting as special servicer for one or more
loans included in a commercial mortgage loan securitization that is rated by DBRS, and DBRS has not downgraded or withdrawn the
then-current rating on any class of commercial mortgage-backed securities or placed any class of commercial mortgage-backed securities
on watch citing the continuation of such special servicer as the sole or material factor in any qualification, downgrade or withdrawal
of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities
in a transaction serviced by such special servicer prior to the time of determination.

“Risk Retention
Requirements” shall mean the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11),
as added by Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

“Risk Retention
Rules” shall mean the joint final rule that was promulgated to implement the Risk Retention Requirements (which such
joint final rule has been codified, inter alia, at 17 C.F.R. § 246), as such rule may be amended from time to time, and subject
to such clarification and interpretation as have been provided by the Office of the Comptroller of the Currency, the Board of Governors
of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Commission and
the Department of Housing and Urban Development in the adopting release (79 Fed. Reg. 77601 et seq.) or by the staff of any such
agency, or as may be provided by any such agency or its staff from time to time, in each case, as effective from time to time as
of the applicable compliance date specified therein.

“REO Property”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

“S&P”
shall mean S&P Global Ratings, a Standard & Poor’s Financial Services LLC business, and its successors in interest.

    	 	 21	 

     

    

“Securities
Act” shall mean the Securities Act of 1933, as amended.

“Securitization”
shall mean one or more sales by the holder of an A Note of all or a portion of such Note to a depositor, who will in turn include
such portion of such Note as part of a securitization of one or more mortgage loans.

“Securitization
Date” shall mean the effective date on which the Securitization of the Lead Securitization Note or portion thereof is
consummated.

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which an A Note is held.

“Selling
Noteholder” has the meaning assigned to such term in Section 12.

“Sequential
Pay Event” shall mean any Event of Default with respect to an obligation to pay money due under the Mortgage Loan, any
other Event of Default for which the Mortgage Loan is actually accelerated or any other Event of Default which causes the Mortgage
Loan to become a Specially Serviced Mortgage Loan, or any bankruptcy or insolvency event that constitutes an Event of Default;
provided, however, that unless the Servicer under the Servicing Agreement has notice or knowledge of such event at
least ten (10) Business Days prior to the applicable distribution date, distributions will be made sequentially beginning on the
subsequent distribution date; provided, further, that the aforementioned requirement of notice or knowledge will
not apply in the case of distribution of the final proceeds of a liquidation or final disposition of the Mortgage Loan. A Sequential
Pay Event shall no longer exist to the extent it has been cured (including any cure payment made by a Curing Noteholder in accordance
with Section 11) and shall not be deemed to exist to the extent any Curing Noteholder is exercising its cure rights under Section
11 or the default that led to the occurrence of such Sequential Pay Event has otherwise been cured or waived.

“Servicer”
shall mean the Master Servicer or the Special Servicer, as the context may require.

“Servicing
Advances” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

“Servicing
Agreement” shall mean, with respect to the Mortgage Loan, prior to the Note A-2 Securitization Date, the Interim Servicing
Agreement, and, from and after the Note A-2 Securitization Date, the Note A-2 PSA, together with any amendment, restatement, supplement,
replacement or modification thereto entered into in accordance with the terms hereof or thereof.

“Servicing
Fee Rate” shall be the per annum rate at which primary servicing fees are payable in respect of the Mortgage Loan (but
in no event in excess of 0.0100%) per annum) as set forth in the Servicing Agreement. The Servicing Fee Rate shall not reflect
any master servicing fees payable by any Noteholder.

“Servicing
Standard” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement.

    	 	 22	 

     

    

“Servicing
Transfer Event” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term
used in the Servicing Agreement.

“Special
Servicer” shall mean the special servicer appointed pursuant to the Servicing Agreement and this Agreement.

“Specially
Serviced Mortgage Loan” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

“Subordinate
Note” shall mean each B Note or C Note, as applicable.

“Subordinate
Noteholder” shall mean each Noteholder of a B Note or C Note, as applicable.

“Substitute
Servicing Agreement” means a servicing agreement that contains servicing provisions which are the same as or more favorable
to the Non-Lead Noteholders, in substance, to those in the Servicing Agreement (including, without limitation, all applicable provisions
relating to delivery of information and reports necessary for any Non-Lead Securitization to comply with any applicable reporting
requirements under the Securities Exchange Act of 1934, as amended) and all references herein to the “Servicing Agreement”
shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization,
then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent servicing agreement.

“Taxes”
shall mean any income or other taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature, now or hereafter
imposed by any jurisdiction or by any department, agency, state or other political subdivision thereof or therein.

“Threshold
Event Collateral” shall have the meaning assigned to such term in Section 5(g).

“Threshold
Event Cure” shall have the meaning assigned to such term in Section 5(g).

“Transfer”
shall mean any sale, assignment, transfer, pledge, syndication, participation, hypothecation, contribution, encumbrance or other
disposition (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar
agreement, excluding a repurchase financing or a Pledge in accordance with Section 19(e)).

“Trustee”
shall mean the trustee appointed pursuant to the Note A-2 PSA.

“U.S. Person”
shall mean a citizen or resident of the United States, a corporation or partnership (except to the extent provided in applicable
Treasury Regulations) created or organized in or under the laws of the United States, any State thereof or the District of Columbia,
including any entity treated as a corporation or partnership for federal income tax purposes, or an estate whose income is subject
to United States federal income tax regardless of its source, or a trust if a court within the United States is able to exercise
primary supervision over the administration of such trust, and one or more such U.S. Persons have the authority to control all

    	 	 23	 

     

    

substantial decisions of such trust
(or, to the extent provided in applicable Treasury Regulations, a trust in existence on August 20, 1996 that is eligible to
elect to be treated as a U.S. Person).

“Withheld
Amounts” shall have the meaning assigned to such term in Section 3.

“Workout”
shall mean any written modification, waiver, amendment, restructuring or workout of the Mortgage Loan or the Note entered into
with the Mortgage Loan Borrower in accordance with the Servicing Agreement.

Section 2.       Servicing.

(a)               
Each
Noteholder acknowledges and agrees that, subject to this Agreement, the Mortgage Loan shall be serviced pursuant to this Agreement
and the Servicing Agreement; provided that the Master Servicer shall not be obligated to advance monthly payments of principal
or interest in respect of the Notes other than the Lead Securitization Note (and a Non-Lead Master Servicer may be required to
advance monthly payments of principal and interest on a Non-Lead Securitization Note pursuant to the terms of the Non-Lead Securitization
Servicing Agreement) if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated to advance
delinquent real estate taxes, insurance premiums and other expenses related to the maintenance of the Mortgaged Property and maintenance
and enforcement of the lien of the Mortgage thereon, subject to the terms of the Servicing Agreement (including a determination
of recoverability thereunder). Each Noteholder acknowledges that each Note A Holder may elect, in its sole discretion, to include
the related Note in a Securitization and agrees that it will reasonably cooperate with such other Noteholder, at such other Noteholder’s
expense, to effect such Securitization. Subject to the terms and conditions of this Agreement, each Noteholder hereby irrevocably
and unconditionally consents to the appointment of the Master Servicer, the Certificate Administrator, the Operating Advisor,
the Asset Representations Reviewer and the Trustee under the Servicing Agreement by the Depositor, and the appointment of the
Special Servicer as the initial Special Servicer under the Servicing Agreement by the Depositor (subject to replacement by the
Controlling Noteholder as provided herein) and agrees to reasonably cooperate with the Master Servicer and the Special Servicer
with respect to the servicing of the Mortgage Loan in accordance with this Agreement and the Servicing Agreement. Each Noteholder
hereby appoints the Master Servicer, the Special Servicer and the Trustee in the Lead Securitization as such Noteholder’s
attorney-in-fact to sign any documents reasonably required with respect to the administration and servicing of the Mortgage Loan
on its behalf under the Servicing Agreement (subject at all times to the rights of the Noteholders set forth herein and in the
Servicing Agreement). In no event shall the Servicing Agreement require any Servicer to enforce the rights of any Noteholder against
any other Noteholder or limit any Servicer in enforcing the rights of one Noteholder against any other Noteholder; however, this
statement shall not be construed to otherwise limit the rights of one Noteholder with respect to any other Noteholder. Each Servicer
shall be required pursuant to the Servicing Agreement to service the Mortgage Loan in accordance with the Servicing Standard,
this Agreement, the terms of the Mortgage Loan Documents, the Servicing Agreement, any intercreditor agreement and applicable
law, and shall not take any action or refrain from taking any action or follow any direction inconsistent with the foregoing.

(b)               
In
no event shall any Subordinate Noteholder be entitled to exercise any rights of the “directing holder”, controlling
or consulting class,” “controlling class representative” or any

    	 	 24	 

     

    

analogous class or holder under the
Servicing Agreement except to the extent such Subordinate Noteholder is given such rights expressly under the terms of this Agreement
or the Servicing Agreement in its capacity as the Controlling Noteholder, and in no event may any such “directing holder”,
controlling or consulting class or analogous class or holder under the Servicing Agreement have any of the rights of the Controlling
Noteholder hereunder except during a Note B Control Appraisal Period.

(c)               
The
Note A-2 PSA shall, unless otherwise agreed to by the Controlling Noteholder, contain servicing provisions substantially similar
in all material respects to the servicing provisions of the Model PSA. In no event may the Servicing Agreement change the
interest allocable to, or the amount of any payments due to, any Subordinate Noteholder or materially increase any Subordinate
Noteholder’s obligations or materially decrease any Subordinate Noteholder’s rights, remedies or protections hereunder
or otherwise adversely affect any Subordinate Noteholder’s rights hereunder.

(d)               
The Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to
the extent provided in the Note A-2 PSA) (i) shall be required to make Servicing Advances with respect to the Mortgage Loan, subject
to the terms of the Note A-2 PSA and this Agreement, and (ii) may be required to make principal and interest Advances on the Lead
Securitization Note, if and to the extent provided in the Note A-2 PSA and this Agreement. The Master Servicer or Trustee shall
be required to provide written notice to the Non-Lead Master Servicer and the Non-Lead Trustee of any principal and interest Advance
it has made with respect to the Lead Securitization Note within two (2) Business Days of making such advance. The Master Servicer,
the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement for a Servicing Advance, first from funds
on deposit in each of the Collection Account and the Companion Distribution Account that (in any case) represent amounts received
on or in respect of the Mortgage Loan in the manner provided in the Note A-2 PSA, and then, in the case of Nonrecoverable Servicing
Advances, if such funds on deposit in the Collection Account and Companion Distribution Account are insufficient, from general
collections of the Lead Securitization as provided in the Note A-2 PSA and from general collections of the Non-Lead Securitization
as provided below. The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement
for Advance Interest Amounts on a Servicing Advance or a Nonrecoverable Servicing Advance, in the manner and from the sources provided
in the Note A-2 PSA, including from general collections of the Lead Securitization and, in the case of Servicing Advances, from
general collections of the Non-Lead Securitization as provided below. Notwithstanding the foregoing, to the extent the Master Servicer,
the Special Servicer or the Trustee, as applicable, obtains funds from general collections of the Lead Securitization as a reimbursement
for a Nonrecoverable Servicing Advance or any Advance Interest Amounts on a Servicing Advance or a Nonrecoverable Servicing Advance,
the Non-Lead Securitization Noteholder (including from general collections or any other amounts from the Non-Lead Securitization
Trust) shall be required to, promptly following notice from the Master Servicer, reimburse the Lead Securitization for its pro
rata share of such Nonrecoverable Servicing Advance or Advance Interest Amounts. If the Master Servicer determines that a proposed
principal and interest Advance with respect to the Lead Securitization Note or Property Protection Advance with respect to the
Mortgage Loan, if made, or any outstanding principal and interest Advance or Property Protection Advance previously made, would
be, or is, as applicable, a Nonrecoverable Advance, the Master Servicer shall provide the Non-Lead Master Servicer written notice
of such

    	 	 25	 

     

    

determination promptly after such determination
was made together with such reports that the Master Servicer delivered to the Special Servicer or Trustee in connection with notification
of its determination of nonrecoverability.

In addition, the Non-Lead
Securitization Noteholder (including, but not limited to, the Non-Lead Securitization Trust) shall be required to, promptly following
notice from the Master Servicer or the Special Servicer, pay or reimburse the Lead Securitization for the Non-Lead Securitization
Noteholder’s pro rata share of any additional trust fund expenses with respect to the Mortgage Loan or the Mortgaged
Property, any other fees, costs or expenses incurred in connection with the servicing and administration of the Mortgage Loan and
allocable to the Note A Holders pursuant to this Agreement and as to which the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Operating Advisor or the Depositor, as applicable, is entitled to be reimbursed pursuant to the
Note A-2 PSA, and any fees, costs or expenses related to obtaining a Rating Agency Confirmation and allocated to the Note A Holders,
in each case to the extent amounts on deposit in the Companion Distribution Account that are allocated to the Non-Lead Securitization
Note are insufficient for reimbursement of such amounts (which such reimbursement shall be made, if the Non-Lead Securitization
Note has been included in a Non-Lead Securitization, from general collections or any other amounts from such Non-Lead Securitization
Trust). The Non-Lead Securitization Noteholder agrees to indemnify (i) (as and to the same extent the Lead Securitization Trust
is required to indemnify each of the Indemnified Parties against any Indemnified Items to the extent of its pro rata share
of such Indemnified Items, and to the extent amounts on deposit in the Companion Distribution Account that are allocated to the
Non-Lead Securitization Note are insufficient for reimbursement of such amounts, the Non-Lead Securitization Noteholder shall be
required to, promptly following notice from the Master Servicer, the Special Servicer or the Trustee, reimburse each of the applicable
Indemnified Parties for its pro rata share of the insufficiency (including, if the Non-Lead Securitization Note has been
included in a Non-Lead Securitization, from general collections or any other amounts from such Non-Lead Securitization Trust).

The Non-Lead Master
Servicer may be required to make principal and interest Advances on a Non-Lead Securitization Note, from time to time, subject
to the terms of the Non-Lead Securitization Servicing Agreement, the Note A-2 PSA and this Agreement. The Master Servicer, the
Special Servicer and the Trustee, as applicable, shall be entitled to make their own recoverability determination with respect
to a principal and interest Advance to be made on the Lead Securitization Note based on the information that they have on hand
and in accordance with the Note A-2 PSA. The Non-Lead Master Servicer and the Non-Lead Special Servicer and the Non-Lead Trustee,
as applicable, shall be entitled to make their own recoverability determination with respect to a principal and interest Advance
to be made on a Non-Lead Securitization Note based on the information that they have on hand and in accordance with the Non-Note
A-2 PSA. The Master Servicer and the Trustee, as applicable, and the Non-Lead Master Servicer or the Non-Lead Trustee shall be
required to notify each other servicer and trustee with respect to a Securitization of the amount of its principal and interest
Advance within two (2) Business Days of making such advance. If the Master Servicer, the Special Servicer or the Trustee, as applicable
(with respect to the Lead Securitization Note) or the Non-Lead Master Servicer, the Non-Lead Special Servicer or the Non-Lead Trustee,
as applicable (with respect to a Non-Lead Securitization Note), determines that a proposed principal and interest Advance, if made,
would be non-recoverable or an outstanding principal and interest Advance is or would be non-recoverable, or if

    	 	 26	 

     

    

the Master Servicer, the Special Servicer
or the Trustee, as applicable, subsequently determines that a proposed Servicing Advance would be non-recoverable or an outstanding
Servicing Advance is or would be non-recoverable, then the Master Servicer or the Trustee (as provided in the Note A-2 PSA, in
the case of a determination of non-recoverability by the Master Servicer, the Special Servicer or the Trustee) or the Non-Lead
Master Servicer or the Non-Lead Trustee (as provided in the Non-Lead Securitization Servicing Agreement, in the case of a determination
of non-recoverability by the Non-Lead Master Servicer, the Non-Lead Special Servicer or the Non-Lead Trustee) shall notify the
Master Servicer and the Trustee, or the Non-Lead Master Servicer and the Non-Lead Trustee, as the case may be, within two (2) Business
Days of making such determination. Each of the Master Servicer, the Trustee, the Non-Lead Master Servicer and the Non-Lead Trustee,
as applicable, will only be entitled to reimbursement for a principal and interest Advance that becomes non-recoverable and advance
interest thereon first from the Collection Account or the Companion Distribution Account from amounts allocable to the Mortgage
Loan for which such principal and interest Advance was made, and then, if funds are insufficient, (i) in the case of the Lead Securitization
Note, from general collections of the Lead Securitization Trust, pursuant to the terms of the Note A-2 PSA and (ii) in the case
of the Non-Lead Securitization Note, from general collections of the Non-Lead Securitization Trust, as and to the extent provided
in the Non-Note A-2 PSA.

(e)               
At any time after the Securitization Date that the Lead Securitization Note is no longer subject to the provisions of the
Servicing Agreement, the Lead Securitization Noteholder shall cause the Mortgage Loan to be serviced in accordance with the servicing
provisions set forth in the Servicing Agreement or a Substitute Servicing Agreement as if such agreement was still in full force
and effect with respect to the Mortgage Loan; provided, however, that the Servicer under the Servicing Agreement shall have no
further obligations to advance monthly payments of principal or interest; provided, further, however, that until a replacement
servicing agreement is in place, the actual servicing of the Mortgage Loan may be performed by any nationally recognized commercial
mortgage loan servicer appointed by Lead Securitization Noteholder and the special servicer appointed by the Controlling Noteholder
and does not have to be performed by the service providers set forth under the Servicing Agreement; provided, further, however,
that until a replacement servicing agreement has been entered into, the if a Non-Lead Securitization Note becomes the subject of
an Asset Review pursuant to the related Non-Lead Securitization Servicing Agreement, the Master Servicer, the Special Servicer,
the Trustee and the Custodian shall reasonably cooperate with the Non-Lead Asset Representations Reviewer in connection with such
Asset Review by providing the Non-Lead Asset Representations Reviewer with any documents reasonably requested by the Non-Lead Asset
Representations Reviewer, but only to the extent (x) such documents are in the possession of the Master Servicer, the Special Servicer,
the Trustee or the Custodian, as the case may be, and (y) the Non-Lead Asset Representations Reviewer has not been able to obtain
such documents from the related mortgage loan seller.

(f)               
Notwithstanding anything to the contrary contained in this Agreement, any obligation of the Servicer pursuant to the terms
hereof shall be performed by the Master Servicer or the Special Servicer, as applicable, as set forth in the Servicing Agreement.

(g)              
The Servicing Agreement shall contain provisions to the effect that:

    	 	 27	 

     

    

(i)           
if an event of default under the Servicing Agreement has occurred (A) with respect to the Master Servicer under the Servicing
Agreement that affects a Noteholder or any class of commercial mortgage securities backed by a Note, and the Master Servicer is
not otherwise terminated under the Servicing Agreement, then the Non-Lead Securitization Noteholders shall be entitled to direct
the Trustee to appoint a sub-servicer solely with respect to the Mortgage Loan (or if the Mortgage Loan is currently being sub-serviced,
to replace the current sub-servicer, but only if such original sub-servicer is in default under the related sub-servicing agreement);
and (B) the appointment (or replacement) of a sub-servicer with respect to the Mortgage Loan, as contemplated in clause (A) above,
will in any event be subject to written confirmation from each Rating Agency that such appointment would not, in and of itself,
cause a downgrade, qualification or withdrawal of the then-current ratings assigned to the securities issued in connection with
any Securitization;

(ii)           
any payments received on the Mortgage Loan shall be paid by the Master Servicer (a) to each of the Noteholders (other than
the Non-Lead Securitization Noteholders) on the “master servicer remittance date” under the Servicing Agreement and
(b) by the earlier of (x) the Master Servicer Remittance Date (as defined in the Lead Securitization Servicing Agreement) and (y)
the Business Day following the “determination date” (or any term substantially similar thereto) as defined in the Non-Lead
Securitization Servicing Agreement (such determination date, the “Non-Lead Securitization Determination Date”),
in each case as long as the date on which remittance is required under this clause (viii) is at least one (1) Business Day
after the scheduled monthly payment date under the Mortgage Loan Agreement;

(iii)           
each Non-Lead Noteholder shall be entitled to receive, and the Master Servicer and the Special Servicer shall provide access
to, any information relating to the Mortgage Loan, the Mortgage Loan Borrower or the Mortgaged Property as such Non-Lead Noteholder
may reasonably request and would be customarily in the possession of, or collected or known by, the Master Servicer or the Special
Servicer of mortgage loans similar to the Mortgage Loan and, in any event, all information that is required to be provided to holders
of the securities issued by the Lead Securitization Trust that includes but is not limited to standard CREFC reports and Asset
Status Reports, provided that if an interest in the requesting Noteholder or its related Note is held by the Mortgage Loan Borrower
or a Mortgage Loan Borrower Related Party, then such requesting Noteholder shall not be entitled to receive the Asset Status Report
or any other information relating to the Special Servicer’s workout strategy or any “excluded information” or
analogous term under the Servicing Agreement;

(iv)           
each Noteholder is an intended third party beneficiary in respect of the rights afforded it under the Servicing Agreement
and may directly enforce such rights;

(v)           
the Servicing Agreement may not be amended without the consent of each Non-Lead Noteholder if such amendment would be adverse
(other than de minimus changes) to such Non-Lead Noteholder or would adversely adverse (other than de minimus changes) affect the
Mortgage Loan or any Non-Lead Noteholder’s rights with respect thereto or would alter any term that is defined herein by
reference to the Servicing

    	 	 28	 

     

    

Agreement in a manner that is
adverse adverse (other than de minimus changes) to a Non-Lead Noteholder;

(vi)           
the Special Servicer selected by the Controlling Noteholder shall be named as the Special Servicer for the Mortgage Loan
by the earlier of (x) the closing of the Lead Securitization or (y) the Mortgage Loan becoming a Specially Serviced Mortgage Loan
under any other Servicing Agreement; provided, however, that such Special Servicer has the Required Special Servicer
Rating of, or otherwise be acceptable to, each of the Rating Agencies rating each Securitization;

(vii)           
any matter affecting the servicing and administration of the Mortgage Loan that requires delivery of a Rating Agency Confirmation
pursuant to the Servicing Agreement shall also require delivery of a Rating Agency Confirmation for each Non-Lead Securitized Note
and the applicable Rating Agencies.

(h)              
Each Non-Lead Securitization Noteholder agrees that, if its Non-Lead Securitization Note is included in a Securitization,
it shall cause the applicable Non-Lead Securitization Servicing Agreement to contain provisions to the effect that:

(i)           
such Non-Lead Securitization Noteholder shall be responsible for its pro rata share of any Servicing Advances (and
advance interest thereon) and any additional trust fund expenses, but only to the extent that they relate to servicing and administration
of the Notes and the Mortgaged Property, including without limitation, any unpaid special servicing fees, liquidation fees and
workout fees relating to the Notes, and that in the event that the funds received with respect to the Notes are insufficient to
cover such Servicing Advances or additional trust fund expenses, (A) the Non-Lead Master Servicer will be required to, promptly
following notice from the Master Servicer or the Special Servicer, pay or reimburse the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, or the Lead Securitization Trust, as applicable, out of general funds in the collection
account (or equivalent account) established under the Non-Lead Securitization Servicing Agreement for such Non-Lead Securitization
Noteholder’s pro rata share of any such Nonrecoverable Servicing Advances (together with advance interest thereon)
and/or additional trust fund expenses (including compensation due to the Master Servicer and the Special Servicer to the extent
related to the servicing and administration of the Mortgage Loan and the Mortgaged Property), and (B) if the Servicing Agreement
permits the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee to reimburse itself from the Lead
Securitization Trust’s general account, then the Master Servicer, the Special Servicer, the Certificate Administrator or
the Trustee, as applicable, may do so, and the Non-Lead Master Servicer will be required to, promptly following notice from the
Master Servicer, the Special Servicer or the Trustee, reimburse the Lead Securitization Trust out of general funds in the collection
account (or equivalent account) established under the Non-Lead Securitization Servicing Agreement for the Non-Lead Securitization
Noteholder’s pro rata share of any such Nonrecoverable Servicing Advances (together with advance interest thereon)
and/or additional trust fund expenses (including compensation due to the Master Servicer and the Special Servicer to the extent
related to the servicing and administration of the Mortgage Loan and the Mortgaged Property);

    	 	 29	 

     

    

(ii)           
each of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required
to indemnify each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the
terms of Servicing Agreement and, in the case of the Lead Securitization Trust, to the extent of any additional trust fund expenses
with respect to the Mortgage Loan) by the Non-Lead Securitization Trust, against any of the Indemnified Items to the extent of
its pro rata share of such Indemnified Items, and to the extent amounts on deposit in the Companion Distribution Account
that are allocated to the Non-Lead Securitization Note are insufficient for reimbursement of such amounts, the Non-Lead Master
Servicer will be required to reimburse each of the applicable Indemnified Parties for the Non-Lead Securitization Note’s
pro rata share of the insufficiency out of general funds in the collection account (or equivalent account) established under
the Non-Lead Securitization Servicing Agreement;

(iii)           
the Non-Lead Master Servicer, Non-Lead Trustee or Non-Lead Certificate Administrator will be required to deliver to the
Trustee, the Certificate Administrator, the Special Servicer, the Master Servicer, the Operating Advisor and each Subordinate Noteholder
(i) promptly following the Non-Lead Securitization, notice of the deposit of the Non-Lead Securitization Note into a Securitization
Trust (which notice may be (x) in the form of delivery (which may be by email) of a copy of the Non-Lead Securitization Servicing
Agreement, or (y) by email notification together with contact information for the Non-Lead Trustee, the Non-Lead Certificate Administrator,
the Non-Lead Master Servicer, the Non-Lead Special Servicer and the party designated to exercise the rights of the Non-Lead Securitization
Noteholder as a “Non-Controlling Noteholder” or “Non-Controlling A Noteholder” under this Agreement), accompanied
by a certified copy of the executed Non-Lead Securitization Servicing Agreement and (ii) notice of any subsequent change in the
identity of the Non-Lead Master Servicer, the Non-Lead Trustee or the party designated to exercise the rights of the Non-Lead Securitization
Noteholder as a “Non-Controlling Noteholder” or “Non-Controlling A Noteholder” under this Agreement (together
with the relevant contact information) (which may be in the form of email delivery of a copy of; and

(iv)           
the Master Servicer, the Special Servicer, the Trustee and the Lead Securitization Trust shall be third party beneficiaries
of the foregoing provisions.

(i)              
Each Lead Securitization Noteholder shall:

(i)           
give each Non-Lead Securitization Noteholder notice of the Securitization of the Lead Securitization Note in writing (which
may be by email) not less than three (3) Business Days prior to the applicable pricing date for the Lead Securitization, together
with contact information for each of the parties to the Lead Securitization Servicing Agreement; and

(ii)           
send to each Non-Lead Securitization Noteholder and the parties to the related Non-Lead Securitization Servicing Agreement
(that are not also party to the Lead Securitization Servicing Agreement) (x) on or promptly following the Lead Securitization Date
(to the extent the applicable parties to the related Non-Lead Securitization Servicing Agreement have been engaged by the related
Non-Lead Depositor on or prior to the Lead

    	 	 30	 

     

    

Securitization Date), a copy (in
EDGAR-compatible format) of the execution version of the Lead Securitization Servicing Agreement, (y) within (1) one Business Day
after the date of any re-filing by the Depositor of the Lead Securitization Servicing Agreement with the Commission to account
for any changes thereto (other than a formal amendment thereto following the Lead Securitization Date), a copy (in EDGAR-compatible
format) of the re-filed Lead Securitization Servicing Agreement, and (z) promptly following distribution thereof to the parties
to the Lead Securitization Servicing Agreement, any changes made by the Depositor to the Lead Securitization Servicing Agreement
(other than a formal amendment thereto following the Lead Securitization Date).

(j)              
The Servicing Agreement shall provide that compensating interest payments as defined therein with respect to any A Notes
will be allocated by the Master Servicer between the A Notes, pro rata, in accordance with their respective Principal Balances.
The Master Servicer shall remit any compensating interest payment in respect of and Non-Lead Securitization Note to the applicable
Non-Lead Securitization Noteholder.

(k)              
In
the event any filing is required to be made by any Non-Lead Depositor under the related Servicing Agreement in order to comply
with the Non-Lead Depositor’s requirements under the Securities Exchange Act of 1934, as amended, the related Lead Securitization
Noteholder (including the Depositor and Trustee) shall use commercially reasonable efforts to timely comply with any such filing.

(l)              
If
a Non-Lead Securitization Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization Servicing
Agreement, the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with such Non-Lead
Asset Representations Reviewer in connection with such Asset Review by providing such Non-Lead Asset Representations Reviewer
with any documents reasonably requested by such Non-Lead Asset Representations Reviewer, but only to the extent that such documents
are in the possession of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be, and are
not in the possession of the Non-Lead Asset Representations Reviewer (and the Non-Lead Asset Representations Reviewer has informed
such party that it has first requested, and not received, the documents from the master servicer, special servicer and custodian
for the applicable Non-Lead Securitization).

Section 3.       Subordination of the Subordinate Notes; Payments Prior to a Sequential Pay Event. The Subordinate Notes and the rights
of the Subordinate Noteholders to receive payments of interest, principal and other amounts with respect to such Subordinate Notes
shall at all times be junior, subject and subordinate to the A Notes and the Note A Holders to receive payments of interest, principal
and other amounts with respect to such A Notes as set forth herein. The C Notes and the rights of the Note C Holders to receive
payments of interest, principal and other amounts with respect to such C Notes shall at all times be junior, subject and subordinate
to the A Notes and the B Notes and the Note A Holders and Note B Holders to receive payments of interest, principal and other amounts
with respect to such A Notes and B Notes as set forth herein. If no Sequential Pay Event, as determined by the applicable Servicer,
shall have occurred and be continuing, all amounts tendered by the Mortgage Loan Borrower or otherwise available for payment on
or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof, whether
received in the form of Monthly

    	 	 31	 

     

    

Payments, the Balloon Payment, Liquidation
Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan or Insurance
and Condemnation Proceeds (other than proceeds, awards or settlements that are required to be applied to the restoration or repair
of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents,
to the extent permitted by the REMIC Provisions), but excluding (x) all amounts for required reserves or escrows required by the
Mortgage Loan Documents (to the extent, in accordance with the terms of the Mortgage Loan Documents) to be held as reserves or
escrows or received as reimbursements on account of recoveries in respect of Advances then due and payable or reimbursable to the
Servicer under the Servicing Agreement and (y) all amounts that are then due, payable or reimbursable to any Servicer (excluding
master servicing fees, trustee fees, certificate administrator fees, operating advisor fees and asset representations reviewer
fees, all of which shall be payable by each of the Note A Holders to such parties out of distributions made to them in respect
of such A Note, respectively), with respect to the Mortgage Loan pursuant to the Servicing Agreement (such amounts contemplated
by clauses (x) and (y), “Withheld Amounts”), shall be distributed by the Master Servicer in the
following order of priority without duplication (and payments shall be made at such times as are set forth in the Servicing Agreement):

(a)              
first, to each Note A Holder, pro rata (based on their respective entitlements to interest) in an amount equal to the accrued
and unpaid interest on the Principal Balance of such A Note at the Net Note Rate of such Note;

(b)              
second (A) prior
to the Anticipated Repayment Date, to each Note A Holder, pro rata (based on the Principal Balances of such Notes) in an amount
equal to all principal payments received, including any Insurance and Condemnation Proceeds received, if any, with respect to
such Monthly Payment Date allocated as principal on the Mortgage Loan and payable to the Noteholders, until their respective Principal
Balances have been reduced to zero and (B) on and after the Anticipated Repayment Date, first (1) to each Note A Holder, pro rata
(based on the Principal Balances of such Notes) in an amount equal to funds sufficient to pay the monthly amount determined by
the lender to be required to fully amortize the then outstanding Principal Balance of each A Note over an amortization schedule
of 30 years using an assumed interest rate of the Initial Note A Interest Rate, then (2) to each Note A Holder, pro rata (based
on the Principal Balances of such Notes) in an amount equal to all principal payments received with respect to such Monthly Payment
Date allocated as principal on the Mortgage Loan and payable to the Noteholders, until their respective Principal Balances have
been reduced to zero and then, (3) to each Note A Holder, pro rata (based on their respective entitlements to interest) in an
amount equal to all Note A ARD Interest on such A Note;

(c)              
third, to each Note A Holder, pro rata (based on their respective entitlements) up to the amount of any unreimbursed
out-of-pocket costs and expenses paid by such Note A Holder including any Recovered Costs not previously reimbursed by the Mortgage
Loan Borrower (or paid or advanced by any Servicer on its behalf and not previously paid or reimbursed to such Servicer) with respect
to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement;

(d)              
fourth, to each Note A Holder, pro rata (based on their respective entitlements) in an amount equal to the product
of (i) the Percentage Interest of such Note

    	 	 32	 

     

    

multiplied by (ii) the Relative Spread
of such Note and (iii) any Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

(e)               
fifth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts
required to be applied in accordance with the foregoing clauses (a)-(d) and, as a result of a Workout the aggregate Principal Balance
of the A Notes has been reduced, such excess amount shall be paid to each Note A Holder pro rata (based on the Principal
Balances of such Notes) in an aggregate amount up to the reduction, if any, of the Principal Balance of the each A Note as a result
of such Workout, plus interest on such aggregate amount at the related Note A Rate;

(f)               
sixth, to each Note B Holder, pro rata (based on their respective entitlements to interest) in an amount equal to the accrued
and unpaid interest on the Principal Balance of such B Note at the Net Note Rate of such Note;

(g)              
seventh, (A) prior to the Anticipated Repayment Date, to each Note B Holder, pro rata (based on the Principal Balances
of such Notes) in an amount equal to all principal payments received, including any Insurance and Condemnation Proceeds received,
if any, with respect to such Monthly Payment Date allocated as principal on the Mortgage Loan and payable to the Noteholders remaining
after giving effect to the allocation in clause (b) above, until their respective Principal Balances have been reduced
to zero and (B) on and after the Anticipated Repayment Date, first, (1) to each Note B Holder, pro rata (based on the Principal
Balances of such Notes) in an amount equal to all principal payments received with respect to such Monthly Payment Date allocated
as principal on the Mortgage Loan and payable to the Noteholders, until their respective Principal Balances have been reduced
to zero and then (2) to each Note B Holder, pro rata (based on their respective entitlements to interest) in an amount equal to
all Note B ARD Interest on such B Note;

(h)              
eighth,
to each Note B Holder, pro rata (based on their respective entitlements) in an amount equal to the product of (i) the Percentage
Interest of such Note multiplied by (ii) the Relative Spread of such Note and (iii) any Prepayment Premium to the extent paid
by the Mortgage Loan Borrower;

(i)              
ninth, to the extent a Note B Holder has made any payments or advances to cure defaults pursuant to Section 11, to each
Note B Holder, pro rata (based on their respective entitlements to reimbursement for cure payments) to reimburse the such
Noteholder for all such cure payments;

(j)              
tenth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts
required to be applied in accordance with the foregoing clauses (a)-(i) and, as a result of a Workout the aggregate Principal Balance
of a B Note has been reduced, to each Note B Holder, pro rata, in an amount up to the reduction, if any, of the Principal
Balance of such Note as a result of such Workout, plus interest on such aggregate amount at the related Interest Rate of such B
Note;

    	 	 33	 

     

    

(k)              eleventh, to each Note C Holder, pro rata (based on their respective entitlements to interest) in an amount equal to the
accrued and unpaid interest on the Principal Balance of such C Note at the Net Note Rate of such Note;

(l)               twelfth, (A) prior to the Anticipated Repayment Date, to each Note C Holder, pro rata (based on the Principal Balances of
such Notes) in an amount equal to all principal payments received, including any Insurance and Condemnation Proceeds received,
if any, with respect to such Monthly Payment Date allocated as principal on the Mortgage Loan and payable to the Noteholders remaining
after giving effect to the allocation in clause (b) and clause (g) above, until their respective Principal Balances
have been reduced to zero and (B) on and after the Anticipated Repayment Date, first, (1) to each Note C Holder, pro rata (based
on the Principal Balances of such Notes) in an amount equal to all principal payments received with respect to such Monthly Payment
Date allocated as principal on the Mortgage Loan and payable to the Noteholders, until their respective Principal Balances have
been reduced to zero and then (2) to each Note C Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to all Note C ARD Interest on such C Note;

(m)            
thirteenth, to each Note C Holder, pro rata (based on their respective entitlements) in an amount equal to the product
of (i) the Percentage Interest of such Note multiplied by (ii) the Relative Spread of such Note and (iii) any Prepayment Premium
to the extent paid by the Mortgage Loan Borrower;

(n)              fourteenth, to the extent a Note C Holder has made any payments or advances to cure defaults pursuant to Section 11, to
each Note C Holder, pro rata (based on their respective entitlements to reimbursement for cure payments) to reimburse the
such Noteholder for all such cure payments;

(o)              fifteenth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the
amounts required to be applied in accordance with the foregoing clauses (a)-(n) and, as a result of a Workout the aggregate Principal
Balance of a C Note has been reduced, to each C Note pro rata, in an amount up to the reduction, if any, of the Principal
Balance of such Note as a result of such Workout, plus interest on such aggregate amount at the related Interest Rate of such C
Note; and

(p)              sixteenth, if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied
in accordance with the foregoing clauses (a)-(m), any remaining amount shall be paid pro rata to the Noteholders in accordance
with their respective initial Percentage Interests.

Section 4.       Payments Following a Sequential Pay Event. Payments of interest and principal shall be made to the Noteholders in
accordance with Section 3 of this Agreement; provided, if a Sequential Pay Event, as determined by the applicable Servicer
and as set forth in the Servicing Agreement, shall have occurred and be continuing, all amounts tendered by the Mortgage Loan Borrower
or otherwise available for payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts
realized as proceeds thereof (including without limitation amounts received by the Master Servicer or Special Servicer pursuant
to the Servicing Agreement as reimbursements on account of recoveries in respect of Advances),

    	 	 34	 

     

    

whether received in the form of Monthly
Payments, any proceeds from the sale or distribution of any REO Property, the Balloon Payment, Liquidation Proceeds, proceeds under
any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan or Insurance and Condemnation Proceeds
(other than proceeds, awards or settlements that are required to be applied to the restoration or repair of the Mortgaged Property
or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the extent permitted
by the REMIC Provisions), but excluding any Withheld Amounts, shall be distributed by the Master Servicer in the following order
of priority without duplication (and payments shall be made at such times as are set forth in the Servicing Agreement):

(a)              
first,
to each Note A Holder, pro rata (based on their respective entitlements to interest) in an amount equal to the accrued and unpaid
interest on the Principal Balance of such A Note at the Net Note Rate of such Note;

(b)              
second
(A) prior to the Anticipated Repayment Date, to each Note A Holder, pro rata (based on the Principal Balances of such Notes) until
their respective Principal Balances have been reduced to zero and (B) on and after the Anticipated Repayment Date, first (1) to
each Note A Holder, pro rata (based on the Principal Balances of such Notes) until their respective Principal Balances have been
reduced to zero and then, (2) to each Note A Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to all Note A ARD Interest on such A Note;

(c)              
third,
to each Note A Holder, pro rata (based on their respective entitlements) up to the amount of any unreimbursed out-of-pocket
costs and expenses paid by such Note A Holder including any Recovered Costs not previously reimbursed by the Mortgage Loan Borrower
(or paid or advanced by any Servicer on its behalf and not previously paid or reimbursed to such Servicer) with respect to the
Mortgage Loan pursuant to this Agreement or the Servicing Agreement;

(d)              
fourth, to each
Note A Holder, pro rata (based on their respective entitlements) in an amount equal to the product of (i) the Percentage
Interest of such Note multiplied by (ii) the Relative Spread of such Note and (iii) any Prepayment Premium to the extent paid
by the Mortgage Loan Borrower;

(e)              
fifth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts
required to be applied in accordance with the foregoing clauses (a)-(d) and, as a result of a Workout the aggregate Principal Balance
of the A Notes has been reduced, such excess amount shall be paid to each Note A Holder pro rata (based on the Principal
Balances of such Notes) in an aggregate amount up to the reduction, if any, of the Principal Balance of the each A Note as a result
of such Workout, plus interest on such aggregate amount at the related Note A Rate

(f)              
sixth, to each Note B Holder, pro rata (based on their respective entitlements to interest) in an amount equal to the accrued
and unpaid interest on the Principal Balance of such B Note at the Net Note Rate of such Note;

    	 	 35	 

     

    

(g)              
seventh,
(A) prior to the Anticipated Repayment Date, to each Note B Holder, pro rata (based on the Principal Balances of such Notes) until
their respective Principal Balances have been reduced to zero and (B) on and after the Anticipated Repayment Date, first, (1)
to each Note B Holder, pro rata (based on the Principal Balances of such Notes) until their respective Principal Balances have
been reduced to zero and then (2) to each Note B Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to all Note B ARD Interest on such B Note;

(h)              
eighth,
to each Note B Holder, pro rata (based on their respective entitlements) in an amount equal to the product of (i) the Percentage
Interest of such Note multiplied by (ii) the Relative Spread of such Note and (iii) any Prepayment Premium to the extent paid
by the Mortgage Loan Borrower;

(i)                ninth, to the extent a Note B Holder has made any payments or advances to cure defaults pursuant to Section 11, to each
Note B Holder, pro rata (based on their respective entitlements to reimbursement for cure payments) to reimburse the such
Noteholder for all such cure payments;

(j)                tenth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the amounts
required to be applied in accordance with the foregoing clauses (a)-(i) and, as a result of a Workout the aggregate Principal Balance
of a B Note has been reduced, to each Note B Holder, pro rata, in an amount up to the reduction, if any, of the Principal
Balance of such Note as a result of such Workout, plus interest on such aggregate amount at the related Interest Rate of such B
Note;

(k)              
eleventh, to each Note C Holder, pro rata (based on their respective entitlements to interest) in an amount equal to the
accrued and unpaid interest on the Principal Balance of such C Note at the Net Note Rate of such Note;

(l)                twelfth, (A) prior to the Anticipated Repayment Date, to each Note C Holder, pro rata (based on the Principal Balances of
such Notes) until their respective Principal Balances have been reduced to zero and (B) on and after the Anticipated Repayment
Date, first, (1) to each Note C Holder, pro rata (based on the Principal Balances of such Notes) until their respective Principal
Balances have been reduced to zero and then (2) to each Note C Holder, pro rata (based on their respective entitlements to interest)
in an amount equal to all Note C ARD Interest on such C Note;

(m)            
thirteenth, to each Note C Holder, pro rata (based on their respective entitlements) in an amount equal to the product
of (i) the Percentage Interest of such Note multiplied by (ii) the Relative Spread of such Note and (iii) any Prepayment Premium
to the extent paid by the Mortgage Loan Borrower;

(n)              
fourteenth, to the extent a Note C Holder has made any payments or advances to cure defaults pursuant to Section 11, to
each Note C Holder, pro rata (based on their respective entitlements to reimbursement for cure payments) to reimburse the
such Noteholder for all such cure payments;

    	 	 36	 

     

    

(o)              
fifteenth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed the
amounts required to be applied in accordance with the foregoing clauses (a)-(n) and, as a result of a Workout the aggregate Principal
Balance of a C Note has been reduced, to each Note C Holder, pro rata, in an amount up to the reduction, if any, of the
Principal Balance of such Note as a result of such Workout, plus interest on such aggregate amount at the related Interest Rate
of such C Note; and

(p)              
sixteenth, if any excess amount is available to be distributed in respect of the Mortgage Loan, and not otherwise applied
in accordance with the foregoing clauses (a)-(o), any remaining amount shall be paid pro rata to the Noteholders in accordance
with their respective initial Percentage Interests.

Section 5.       Administration of the Mortgage Loan.

(a)   
Subject to this Agreement (including, without limitation, Section 5(f) below) and the Servicing Agreement and consistent
with the Servicing Standard, the Lead Securitization Noteholder (or any Servicer acting on behalf of the Lead Securitization Noteholder)
shall have the sole and exclusive authority with respect to the administration of, and exercise of rights and remedies with respect
to, the Mortgage Loan, including, without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan
Documents or consent to any action or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents,
call or waive any Event of Default, accelerate the Mortgage Loan or institute any foreclosure action or other remedy and no other
Noteholder shall have any voting, consent or other rights whatsoever with respect to the Lead Securitization Noteholder’s
administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan except as set forth in this Agreement
and the Servicing Agreement including the rights of a Subordinate Noteholder in its capacity as the Controlling Noteholder to consent
to the Major Decisions set forth in this Agreement. Subject to this Agreement and the Servicing Agreement (including, without limitation,
Section 5(f) below) and consistent with the Servicing Standard, each Non-Lead Securitization Noteholder and each Subordinate
Noteholder agrees that it shall have no right to, and hereby presently and irrevocably assigns and conveys to the Lead Securitization
Noteholder (or any Servicer acting on behalf of the Lead Securitization Noteholder) the rights, if any, that such Non-Lead Securitization
Noteholder or Subordinate Noteholder, as applicable, has to, (i) call or cause the Lead Securitization Noteholder to call
an Event of Default under the Mortgage Loan, or (ii) exercise any remedies with respect to the Mortgage Loan or the Mortgage
Loan Borrower, including, without limitation, filing or causing the Lead Securitization Noteholder to file any bankruptcy petition
against the Mortgage Loan Borrower. The Lead Securitization Noteholder (or any Servicer acting on behalf of the Lead Securitization
Noteholder) shall not have any fiduciary duty to any Non-Lead Noteholder in connection with the administration of the Mortgage
Loan (but the foregoing shall not relieve the Lead Securitization Noteholder from the obligation to make any disbursement of funds
as set forth herein).

Subject to Section
11 and Section 12 hereof, upon the Mortgage Loan becoming a Defaulted Mortgage Loan, each Non-Lead Securitization Noteholder
hereby acknowledges the right and obligation of the Lead Securitization Noteholder (or the Special Servicer acting on behalf of
the Lead Securitization Noteholder) to sell each Non-Lead Securitization Note together with the Lead Securitization Note as notes
evidencing one whole loan in accordance with the terms of the

    	 	 37	 

     

    

Servicing Agreement. In connection with
any such sale, the Special Servicer shall be required to sell each Non-Lead Securitization Note together with the Lead Securitization
Note in the manner set forth in the Servicing Agreement and shall be required to require that all offers be submitted to the Trustee
in writing and be accompanied by a refundable deposit of cash in an amount equal to 5% of the offer amount (subject to a cap of
$2,500,000). Whether any cash offer constitutes a fair price for the A Notes shall be determined by the Trustee; provided,
that no offer from an Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at least
two bona fide other offers are received from independent third parties. In determining whether any offer received represents a
fair price for the A Notes, the Trustee shall be supplied with and shall rely on the most recent Appraisal or updated Appraisal
conducted in accordance with the Servicing Agreement within the preceding nine (9) month period or, in the absence of any such
Appraisal, on a new Appraisal. The Trustee shall select the Appraiser conducting any such new Appraisal. In determining whether
any such offer constitutes a fair price for the A Notes, the Trustee shall instruct the Appraiser to take into account (in addition
to the results of any Appraisal or updated Appraisal that it may have obtained pursuant to the Servicing Agreement), as applicable,
among other factors, the period and amount of any delinquency on the affected A Notes, the occupancy level and physical condition
of the related Mortgaged Property and the state of the local economy. The Trustee may conclusively rely on the opinion of an Independent
Appraiser or other Independent expert in real estate matters retained by the Trustee at the expense of the Noteholders in connection
with making such determination. Notwithstanding the foregoing, the Lead Securitization Noteholder (or the Special Servicer acting
on behalf of the Lead Securitization Noteholder) shall not be permitted to sell the Non-Lead Securitization Notes if they become
a Defaulted Mortgage Loan without the written consent of each Non-Lead Securitization Noteholder (provided that such consent
is not required if such Non-Lead Securitization Noteholder is the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower)
unless the Special Servicer has delivered to such Non-Lead Securitization Noteholder: (a) at least 15 Business Days’ prior
written notice of any decision to attempt to sell the Non-Lead Securitization Notes; (b) at least 10 days prior to the proposed
sale date, a copy of each bid package (together with any material amendments to such bid packages) received by the Special Servicer
in connection with any such proposed sale, (c) at least 10 days prior to the proposed sale date, a copy of the most recent Appraisal
for the Mortgage Loan, and any documents in the Servicing File reasonably requested by the Non-Lead Securitization Noteholder that
are material to the price of the Non-Lead Securitization Notes and (d) until the sale is completed, and a reasonable period of
time (but no less time than is afforded to the other offerors and the Controlling Class Representative) prior to the proposed sale
date, all information and other documents being provided to other offerors and all leases or other documents that are approved
by the Special Servicer in connection with the proposed sale; provided, that such Non-Lead Securitization Noteholder may
waive any of the delivery or timing requirements set forth in this sentence. Subject to the terms of the Servicing Agreement, each
of the Controlling Noteholder, the Controlling Class Representative, any other Noteholder (or any controlling class representative
or directing holder on its behalf under the Non-Lead Securitization Servicing Agreement) shall be permitted to bid at any sale
of the Non-Lead Securitization Note unless such Person is the Mortgage Loan Borrower or an agent or Affiliate of the Mortgage Loan
Borrower.

In addition, subject
to Section 11 and Section 12 hereof, upon the Mortgage Loan becoming a Defaulted Mortgage Loan, the Special Servicer
may, in accordance with the terms and provisions of the Servicing Agreement and subject to the Servicing Standard, elect to sell
the B

    	 	 38	 

     

    

Notes and the C Notes, subject to the
consent rights of the Noteholders thereof, together with the A Notes as notes evidencing one whole loan.

Each Non-Lead Noteholder
hereby appoints the Lead Securitization Noteholder as its agent, and grants to the Lead Securitization Noteholder an irrevocable
power of attorney coupled with an interest, and their proxy, for the purpose of soliciting and accepting offers for and consummating
the sale its Non-Lead Note. Each Non-Lead Noteholder further agrees that, upon the request of the Lead Securitization Noteholder,
such Non-Lead Noteholder shall execute and deliver to or at the direction of Lead Securitization Noteholder such powers of attorney
or other instruments as the Lead Securitization Noteholder may reasonably request to better assure and evidence the foregoing appointment
and grant, in each case promptly following request, and shall deliver its original Non-Lead Note endorsed in blank, to or at the
direction of the Lead Securitization Noteholder in connection with the consummation of any such sale. For the avoidance of doubt,
this paragraph is subject to the consent rights of the Note B Noteholders and the Note C Noteholders in the immediately preceding
paragraph.

The authority and
obligation of the Lead Securitization Noteholder to sell each Non-Lead Note, and the obligations of each Non-Lead Noteholder to
execute and deliver instruments or deliver its Non-Lead Note upon request of the Lead Securitization Noteholder, shall terminate
and cease to be of any further force or effect upon the date, if any, upon which Lead Securitization Note is repurchased by the
seller of such Lead Securitization Note from the trust fund established under the Lead Securitization Agreement in connection with
a material breach of representation or warranty made by such seller as mortgage loan seller into such Lead Securitization with
respect to Lead Securitization Note or material document defect with respect to the documents delivered by such seller with respect
to the Lead Securitization Note upon the consummation of the Lead Securitization. The preceding sentence shall not be construed
to grant to any Non-Lead Noteholder the benefit of any representation or warranty made by such seller or any document delivery
obligation imposed on such seller under any mortgage loan purchase and sale agreement, instrument of transfer or other document
or instrument that may be executed or delivered by such seller in connection with the Lead Securitization.

(b)  
The administration of the Mortgage Loan shall be governed by this Agreement and the Servicing Agreement. Each Noteholder
agrees to be bound by the terms of the Servicing Agreement. The Lead Securitization Noteholder (or the Servicer on its behalf)
shall service the Mortgage Loan in accordance with the terms of this Agreement, including without limitation, the rights of the
Subordinate Noteholders set forth in Section 5(f) below and consistent with the Servicing Standard. Servicing of the Mortgage
Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan, by the Special
Servicer, in each case pursuant to the Servicing Agreement and consistent with the Servicing Standard. Notwithstanding anything
to the contrary contained herein, in accordance with the Servicing Agreement, the Lead Securitization Noteholder shall cause the
Master Servicer and the Special Servicer to service and administer the Mortgage Loan in accordance with the Servicing Standard,
taking into account the interests of each of the Noteholders as a collective whole (it being understood that (x) the interests
of the Note B Holders are subordinate to the interests of the Note A Holders and (y) the interests of the Note C Holders are subordinate
to the interests of the Note A Holders and the Note B Holders, in the cause of each of (x) and (y) subject to the terms and conditions
of this Agreement, including without limitation the rights of the Controlling

    	 	 39	 

     

    

Noteholder), and any Subordinate Noteholder
who is not the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party shall be deemed a third party beneficiary of such
provisions of the Servicing Agreement. The foregoing provisions of this Section 5(b) shall not limit or modify the
rights of the Controlling Noteholder and/or the Junior Operating Advisor to exercise their respective rights specifically set forth
under this Agreement.

(c)              
Notwithstanding
anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement and this Agreement
(including, without limitation, Sections 5(f) and 6), if the Lead Securitization Noteholder in connection with a
Workout of the Mortgage Loan modifies the terms thereof such that (i) the unpaid principal balance of the Mortgage Loan is
decreased, (ii) the Interest Rate or scheduled amortization payments on such Mortgage Loan are reduced, (iii) payments
of interest or principal on such Mortgage Loan are waived, reduced or deferred or (iv) any other adjustment (other than an
increase in the Interest Rate or increase in scheduled amortization payments) is made to any of the terms of the Mortgage Loan,
all payments to the Note A Holders, Note B Holders and Note C Holders pursuant to Section 3 and Section 4, as applicable,
shall be made as though such Workout did not occur, with the payment terms of each Note A remaining the same as they are on the
date hereof, the full economic effect of all waivers, reductions or deferrals of amounts due on the Mortgage Loan attributable
to such Workout shall be borne first, by the Note C Holders (pro rata based on the Principal Balances of their respective
Notes), second, by the Note B Holders (pro rata based on the Principal Balances of their respective Notes), and
then, by the Note A Holders (pro rata based on the Principal Balances of their respective Notes), in that order,
in each case up to the amount otherwise due on such Note(s). Subject to the Servicing Agreement and this Agreement (including
without limitation Sections 5(f) and 6), in the case of any modification or amendment described above, the Lead Securitization
Noteholder will have the sole authority and ability to revise the payment provisions set forth in Section 3 and Section 4
above in a manner that reflects the subordination of (x) the B Notes to the A Notes and (y) the subordination of the C Notes to
the A Notes and the B Notes with respect to the loss that is the result of such amendment or modification, including: (i) the
ability to increase the Percentage Interest of an A Note, to increase or reduce, as applicable, the Percentage Interest of a B
Note, and to reduce the Percentage Interest of a C Note in a manner that reflects a loss in principal as a result of such amendment
or modification and (ii) the ability to change the Interest Rate applicable to a Note in order to reflect a reduction in
the Interest Rate of the Mortgage Loan but shall not be permitted to change the order of the clauses set forth in Sections 3 and
4 hereof. Notwithstanding the foregoing, if any Workout, modification or amendment of the Mortgage Loan extends the original maturity
date of the Mortgage Loan, for purposes of this paragraph, the Balloon Payment will be deemed not to be due on the original maturity
date of the Mortgage Loan but will be deemed due on the extended maturity date of the Mortgage Loan.

(d)              
All
rights and obligations of the Lead Securitization Noteholder described hereunder may be exercised by the Servicers on behalf of
the Lead Securitization Noteholder in accordance with the Servicing Agreement and this Agreement. Each Non-Lead Noteholder shall
be provided access to any website that an investor would be permitted to access in accordance with the procedures set forth in
the Servicing Agreement, it being understood and agreed that each Non-Lead Noteholder is subject to any restrictions on the access
to such websites contained in the Servicing Agreement.

    	 	 40	 

     

    

(e)              
If
any Note is included as an asset of a REMIC, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage
Loan shall be administered such that the Notes shall each qualify at all times as (or as interests in) a “qualified mortgage”
within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired by or on
behalf of the Noteholders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interests
of the Noteholders therein shall at all times qualify as “foreclosure property” within the meaning of Section 860G(a)(8)
of the Code and (iii) no Servicer may modify, waive or amend any provision of the Mortgage Loan, consent to or withhold consent
from any action of the Mortgage Loan Borrower, or exercise or refrain from exercising any powers or rights which the Noteholders
may have under the Mortgage Loan Documents, if any such action would constitute a “significant modification” of the
Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department of the Treasury, more
than three months after the earliest startup day of any REMIC which includes the Lead Securitization Note (or any portion thereof).
The Noteholders agree that the provisions of this Section 5(e) shall be effected by compliance by the Lead Securitization Noteholder
or its assignees with this Agreement or the Servicing Agreement or any other agreement which governs the administration of the
Mortgage Loan or the Lead Securitization Noteholder’s interests therein. All costs and expenses of compliance with this
Section 5(e), to the extent that such costs and expenses relate to administration of a REMIC or to any determination respecting
the amount, payment or avoidance of any tax under the REMIC Provisions or the actual payment of any REMIC tax or expense, shall
be borne by each Noteholder with respect to the REMIC containing the Note owned by such Noteholder.

Anything herein or
in the Servicing Agreement to the contrary notwithstanding, in the event that a Note is included in a REMIC and the other Notes
are not, the other Noteholders shall not be required to reimburse such Noteholder that deposited its Note in the REMIC or any other
Person for payment of (i) any taxes imposed on such REMIC, (ii) any costs or expenses relating to the administration of such REMIC
or to any determination respecting the amount, payment or avoidance of any tax under such REMIC or (iii) any advances for any of
the foregoing or any interest thereon or for deficits in other items of disbursement or income resulting from the use of funds
for payment of any such taxes, costs or expenses or advances, nor shall any disbursement or payment otherwise distributable to
either such other Noteholder be reduced to offset or make-up any such payment or deficit.

(f)              
(i)Subject
to clauses (ii) or (iii) below, with respect to any consent, modification, amendment or waiver under or other action in respect
of the Mortgage Loan (whether or not a Servicing Transfer Event has occurred and is continuing) that would constitute a Major
Decision, the Servicer shall provide the Controlling Noteholder (or its Junior Operating Advisor) with at least ten (10) Business
Days (or, in the case of a determination of an Acceptable Insurance Default, 20 days) prior notice requesting consent to the requested
Major Decision. The Servicer shall not take any action with respect to such Major Decision (or make a determination not to take
action with respect to such Major Decision), unless and until the Special Servicer receives the written consent of the Controlling
Noteholder (or its Junior Operating Advisor) before implementing a decision with respect to such Major Decision.

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(ii)              
If
the Lead Securitization Noteholder (or the Servicer acting on its behalf) has not received a response from the Controlling Noteholder
(or its Junior Operating Advisor) with respect to such Major Decision within five (5) Business Days after delivery of the notice
of a Major Decision, the Lead Securitization Noteholder (or the Special Servicer acting on its behalf) shall deliver an additional
copy of the notice of a Major Decision in all caps bold 14-point font: “THIS IS A SECOND NOTICE. FAILURE TO RESPOND WITHIN
FIVE (5) BUSINESS DAYS OF THIS SECOND NOTICE WILL RESULT IN A LOSS OF YOUR RIGHT TO CONSENT WITH RESPECT TO THIS DECISION.”
and if the Controlling Noteholder (or its Junior Operating Advisor) fails to respond to the Lead Securitization Noteholder (or
the Special Servicer acting on its behalf) with respect to any such proposed action within five (5) Business Days after receipt
of such second notice, the Controlling Noteholder (or its Junior Operating Advisor), as applicable, shall have no further consent
rights with respect to the specific action set forth in such notice. Notwithstanding the foregoing, or if a failure to take any
such action at such time would be inconsistent with the Servicing Standard, the Servicer may take actions with respect to such
Mortgaged Property before obtaining the consent of the Controlling Noteholder (or its Junior Operating Advisor) if the Servicer
reasonably determines in accordance with the Servicing Standard that failure to take such actions prior to such consent would materially
and adversely affect the interest of the Noteholders as a collective whole, and the Servicer has made a reasonable effort to contact
the Controlling Noteholder. The foregoing shall not relieve the Lead Securitization Noteholder (or a Servicer acting on its behalf)
of its duties to comply with the Servicing Standard.

(iii)              
Notwithstanding
the foregoing, the Lead Securitization Noteholder (or any Servicer acting on its behalf) shall not follow any advice or consultation
provided by the Controlling Noteholder (or its Junior Operating Advisor) that would require or cause the Lead Securitization Noteholder
(or any Servicer acting on its behalf) to violate any applicable law, including the REMIC Provisions, be inconsistent with the
Servicing Standard, require or cause the Lead Securitization Noteholder (or any Servicer acting on its behalf) to violate provisions
of this Agreement or the Servicing Agreement, require or cause the Lead Securitization Noteholder (or any Servicer acting on its
behalf) to violate the terms of the Mortgage Loan, or materially expand the scope of any Lead Securitization Noteholder’s
(or any Servicer acting on its behalf) responsibilities under this Agreement or the Servicing Agreement.

The Special Servicer
shall be required to provide copies to each Non-Controlling Noteholder of any notice, information and report that is required to
be provided to the Controlling Noteholder pursuant to the Servicing Agreement with respect to any Major Decisions, or the implementation
of any recommended actions outlined in an Asset Status Report, within the same time frame such notice, information and report is
required to be provided to the Controlling Noteholder, and at any time the Controlling Noteholder is the Lead Securitization Noteholder,
the Special Servicer shall be required to consult with each Non-Lead Securitization Noteholder on a strictly non-binding basis,
to the extent having received such notices, information and reports, any Non-Lead Securitization Noteholder requests consultation
with respect to any such Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report, and
consider alternative actions recommended by such Non-Lead Securitization Noteholder; provided that after the expiration
of a period of ten (10) Business Days from the delivery to any Non-Controlling A Noteholder by the Special Servicer of written
notice of a proposed action, together with copies of the notice, information and reports, the Special Servicer shall no longer
be

    	 	 42	 

     

    

obligated to consult with such Non-Lead
Securitization Noteholders, whether or not such Non-Lead Securitization Noteholders have responded within such ten (10) Business
Day period.

The Noteholders acknowledge
that the Note A-2 PSA may contain certain provisions that give the Operating Advisor certain non-binding consultation rights with
respect to Major Decisions related to compliance with the Risk Retention Rules applicable to the Lead Securitization.

(g)              
Either (x) the Note B Holders, acting unanimously, or (y) the Note C Holders, acting unanimously, shall be entitled to avoid
a Note B Control Appraisal Period or a Note C Control Appraisal Period, respectively, caused by application of an Appraisal Reduction
Amount upon satisfaction of the following (which must be completed within thirty (30) days of the Servicer’s receipt of a
third party Appraisal that indicates such Control Appraisal Period has occurred (which such Appraisal the Special Servicer will
be required to deliver to the Controlling Noteholder within two Business Days of receipt by the Special Servicer of such third
party Appraisal) together with the Master Servicer or Special Servicer’s, as applicable, calculation of the Appraisal Reduction
Amount applicable to each Subordinate Note: (i) such Controlling Noteholder shall have delivered Threshold Event Collateral as
a supplement to the appraised value of the Mortgaged Property, in the amount specified in clause (ii) below, to the Servicer, together
with documentation acceptable to the Servicer in accordance with the Servicing Standard to create and perfect a first priority
security interest in favor of the Servicer on behalf of the Lead Securitization Noteholder in in such collateral (a) cash collateral
for the benefit of, and acceptable to, the Servicer or (b) an unconditional and irrevocable standby letter of credit with the Lead
Securitization Noteholder (or after the closing of the Lead Securitization, the Servicer or such other party as provided under
the Servicing Agreement) as the beneficiary, issued by a bank or other financial institutions the long term unsecured debt obligations
of which are rated at least “AA” by S&P, “A” by Fitch and “Aa2” by Moody’s or the
short term obligations of which are rated at least “A-1+” by S&P, “F-1” by Fitch and “P-1”
by Moody’s, in each case ignoring any of the foregoing ratings requirements with respect to any rating agency that is not
one of the Rating Agencies (either (a) or (b), the “Threshold Event Collateral”), and (ii) the Threshold Event
Collateral shall be in an amount which, when added to the appraised value of the Mortgaged Property as determined pursuant to the
Servicing Agreement, would cause the applicable Control Appraisal Period not to occur. If the requirements of this paragraph are
satisfied by the Controlling Noteholder (a “Threshold Event Cure”), no Control Appraisal Period caused by application
of an Appraisal Reduction Amount shall be deemed to have occurred with respect to such Subordinate Noteholder. If a letter of credit
is furnished as Threshold Event Collateral, the applicable Controlling Noteholder shall be required to renew such letter of credit
not later than thirty (30) days prior to expiration thereof or to replace such letter of credit with a substitute letter of credit
or other Threshold Event Collateral with an expiration date that is greater than forty-five (45) days from the date of substitution;
provided, however, that, if a letter of credit is not renewed prior to thirty (30) days prior to the expiration date of such letter
of credit, the letter of credit shall provide that the Servicer may (and at the direction of the applicable Controlling Noteholder,
shall) draw upon such letter of credit and hold the proceeds thereof as Threshold Event Collateral. If a letter of credit is furnished
as Threshold Event Collateral, the applicable Controlling Noteholder shall be required to replace such letter of credit with other
Threshold Event Collateral within 30 days if the credit ratings of the issuing entity are downgraded below the required ratings;
provided, however, that, if such Threshold Event Collateral is not so replaced, the Servicer shall draw upon such letter

    	 	 43	 

     

    

of credit and hold the proceeds thereof
as Threshold Event Collateral. The Threshold Event Cure shall continue until (i) the appraised value of the Mortgaged Property
plus the value of the Threshold Event Collateral would not be sufficient to prevent the applicable Control Appraisal Period from
occurring; (ii) the occurrence of a Final Recovery Determination or (iii) the return of the Threshold Event Collateral pursuant
to the following sentence. If the appraised value of the Mortgaged Property, upon any redetermination thereof, is sufficient to
avoid the occurrence of a Control Appraisal Period without taking into consideration any, or some portion of, Threshold Event Collateral
previously delivered by the Controlling Noteholder, any or such portion of Threshold Event Collateral held by the Servicer shall
promptly be returned to such Controlling Noteholder (at its sole expense). Upon a Final Recovery Determination with respect to
the Mortgage Loan, such Threshold Event Collateral shall be available to reimburse each Noteholder for any realized loss pursuant
to Section 3 or 4, as applicable, with respect to the Mortgage Loan after application of the net proceeds of liquidation, not in
excess of the aggregate Principal Balances of the Notes more senior to such Controlling Noteholder, plus accrued and unpaid interest
thereon at the applicable Interest Rate and all other Additional Servicing Expenses reimbursable under this Agreement and under
the Servicing Agreement. Any Threshold Event Collateral shall be treated as an “outside reserve fund” for purposes
of the REMIC Provisions and such property (and the right to reimbursement of any amounts with respect thereto from a REMIC) shall
be beneficially owned by the posting Noteholder who shall be taxed on all income with respect thereto. The entire amount of Threshold
Event Collateral, without a haircut or other reduction, shall be considered in determining the sufficiency of such Threshold Event
Collateral to avoid a Control Appraisal Period.

(h)              
The
Master Servicer or Special Servicer shall obtain Appraisals that meet the requirements of, and at the times required pursuant
to, the terms of the Servicing Agreement.

(i)              
Notwithstanding
anything to the contrary contained herein or in the Servicing Agreement, if at any time the Mortgage Loan Borrower or a Mortgage
Loan Borrower Related Party is a Noteholder (a “Borrower Party Noteholder”), then (i) such Borrower Party Noteholder
shall not have any rights as a Controlling Noteholder or a Controlling Class Representative, (ii) such Borrower Party Noteholder
shall have no right to appoint or terminate the Master Servicer or Special Servicer, (iii) such Borrower Party Noteholder shall
have no right to consult with or advise the Master Servicer or Special Servicer, and shall have no right to review and approve
or comment on any Asset Status Report and (iv) in each and every instance where, pursuant to this Agreement or the Servicing Agreement,
the Master Servicer or Special Servicer must take into account the interests of each Noteholder (or words of similar import),
such consideration shall be given to the Borrower Party Noteholder only in its capacity as a holder of the applicable Note.

Section 6.       Appointment
of Junior Operating Advisor.

(a)              
The
Controlling Noteholder shall have the right at any time to appoint a controlling noteholder representative to exercise its rights
hereunder (the “Junior Operating Advisor”). The Controlling Noteholder shall have the right in its sole discretion
at any time and from time to time to remove and replace the Junior Operating Advisor. When exercising its various rights under
Section 5 and elsewhere in this Agreement, the Controlling Noteholder may, at its option, in each case, act through the
Junior Operating Advisor. The Junior Operating Advisor may be any Person (other than the Mortgage Loan Borrower, its principal
or any Affiliate of the

    	 	 44	 

     

    

Mortgage Loan Borrower), including,
without limitation, the Controlling Noteholder, any officer or employee of the Controlling Noteholder, any Affiliate of the Controlling
Noteholder or any other unrelated third party. No such Junior Operating Advisor shall owe any fiduciary duty or other duty to any
other Person (other than the Controlling Noteholder). All actions that are permitted to be taken by the Controlling Noteholder
under this Agreement may be taken by the Junior Operating Advisor acting on behalf of the Controlling Noteholder and other Noteholders
(and any Servicer) will accept such actions of the Junior Operating Advisor as actions of the Controlling Noteholder. The Lead
Securitization Noteholder (or any Servicer on its behalf) shall not be required to recognize any Person as a Junior Operating Advisor
until the Controlling Noteholder has notified the Lead Securitization Noteholder (and any Servicer) of such appointment and, if
the Junior Operating Advisor is not the same Person as the Controlling Noteholder, the Junior Operating Advisor provides the Lead
Securitization Noteholder (and any Servicer) with written confirmation of its acceptance of such appointment, an address, any fax
number and any email address for the delivery of notices and other correspondence and a list of officers or employees of such person
with whom the parties to this Agreement may deal (including their names, titles, work addresses, telephone numbers, any fax numbers
and any email addresses). The Controlling Noteholder shall promptly deliver such information to any Servicer. None of the Servicers,
Operating Advisor and Trustee shall be required to recognize any person as a Junior Operating Advisor until they receive such information
from the Controlling Noteholder. The Controlling Noteholder agrees to inform each such Servicer or Trustee of the then-current
Junior Operating Advisor.

(b)              
Neither
the Junior Operating Advisor nor the Controlling Noteholder will have any liability to any other Noteholder or any other Person
for any action taken, or for refraining from the taking of any action pursuant to this Agreement or the Servicing Agreement, or
for errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith or gross
negligence. The Noteholders agree that the Junior Operating Advisor and the Controlling Noteholder may take or refrain from taking
actions that favor the interests of one Noteholder over any other Noteholder, and that the Junior Operating Advisor may have special
relationships and interests that conflict with the interests of a Noteholder and, absent willful misfeasance, bad faith or gross
negligence on the part of the Junior Operating Advisor or such Controlling Noteholder, as the case may be, agree to take no action
against the Junior Operating Advisor, such Controlling Noteholder or any of their respective officers, directors, employees, principals
or agents as a result of such special relationships or interests, and that neither the Junior Operating Advisor nor such Controlling
Noteholder will be deemed to have been grossly negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance
or to have recklessly disregarded any exercise of its rights by reason of its having acted or refrained from acting solely in
the interests of any Noteholder.

(c)               If the Lead Securitization Noteholder is the Controlling Noteholder, the Subordinate Noteholders acknowledge and agree all
of the aforementioned rights and obligations of the Controlling Noteholder and the Junior Operating Advisor set forth in Section
5(f) and 5(g) and this Section 6 shall be exercisable by the Lead Securitization Noteholder (or the applicable Person specified
in the Servicing Agreement) to the extent set forth in the Servicing Agreement.

Section 7.       Special Servicer. The Controlling Noteholder (or its Junior Operating Advisor), at its expense (including, without
limitation, the reasonable costs and

    	 	 45	 

     

    

expenses of counsel to any third parties
and costs and expenses of the terminated Special Servicer), shall have the right, at any time from time to time, to appoint a replacement
Special Servicer with respect to the Mortgage Loan. The Controlling Noteholder (or its Junior Operating Advisor) shall be entitled
to terminate the rights and obligations of the Special Servicer under the Servicing Agreement, with or without cause, upon at least
ten (10) Business Days’ prior written notice to the Special Servicer (provided, however, that the Controlling Noteholder
and/or Junior Operating Advisor shall not be liable for any termination or similar fee in connection with the removal of the Special
Servicer in accordance with this Section 7); such termination not be effective unless and until (A) each Rating Agency delivers
a Rating Agency Confirmation (to the extent any portion of the Mortgage Loan has been securitized); (B) the initial or successor
Special Servicer has assumed in writing (from and after the date such successor Special Servicer becomes the Special Servicer)
all of the responsibilities, duties and liabilities of the Special Servicer under the Servicing Agreement from and after the date
it becomes the Special Servicer as they relate to the Mortgage Loan pursuant to an assumption agreement reasonably satisfactory
to the Trustee; and (C) the Trustee shall have received an opinion of counsel reasonably satisfactory to the Trustee to the effect
that (x) the designation of such replacement to serve as Special Servicer is in compliance with the Servicing Agreement, (y) such
replacement will be bound by the terms of the Servicing Agreement with respect to such Mortgage Loan and (z) subject to customary
qualifications and exceptions, the applicable Servicing Agreement will be enforceable against such replacement in accordance with
its terms. The Lead Securitization Noteholder shall promptly provide copies to any terminated Special Servicer of the documents
referred to in the preceding sentence. The Lead Securitization Noteholder will reasonably cooperate with the Controlling Noteholder
in order to satisfy the foregoing conditions, including the Rating Agency Confirmation.

The Controlling Noteholder
agrees and acknowledges that the Note A-2 PSA may contain provisions such that any Special Servicer could be terminated under the
Note A-2 PSA based on a recommendation by the Operating Advisor if (A) the Operating Advisor determines, in its sole discretion
exercised in good faith, that (1) the Special Servicer has failed to comply with the Servicing Standard and (2) a replacement of
the Special Servicer would be in the best interest of the holders of securities issued under the Note A-2 PSA (as a collective
whole) and (B) an affirmative vote of requisite certificateholders is obtained. The Controlling Noteholder will retain its right
to remove and replace the Special Servicer, but the Controlling Noteholder may not restore a Special Servicer that has been removed
in accordance with the preceding sentence.

Section 8.       Payment Procedure.

(a)               
The Lead Securitization Noteholder (or the Servicer on its behalf), in accordance with the priorities set forth in Section
3 or 4, as applicable, and subject to the terms of the Servicing Agreement, will deposit or cause to be deposited all payments
allocable to the Notes to the Collection Account or Companion Distribution Account for the Notes established pursuant to the Servicing
Agreement. The Lead Securitization Noteholder (or the Servicer on its behalf) shall establish a segregated sub-account for amounts
due to the each Noteholder. The Lead Securitization Noteholder (or the Servicer acting on its behalf) shall deposit such amounts
to the applicable account within two (2) Business Days following the Lead Securitization Noteholder’s (or the Servicer’s
acting on its behalf) receipt of properly identified and available funds from or on behalf of the Mortgage Loan Borrower.

    	 	 46	 

     

    

(b)               
If the Lead Securitization Noteholder (or the Servicer on its behalf) determines, or a court of competent jurisdiction orders,
at any time that any amount received or collected in respect of a Note must, pursuant to any insolvency, bankruptcy, fraudulent
conveyance, preference or similar law, be returned to the Mortgage Loan Borrower or paid to such Noteholder or any Servicer or
paid to any other Person, then, notwithstanding any other provision of this Agreement, a Lead Securitization Noteholder (or the
Servicer on its behalf) shall not be required to distribute any portion thereof to such Noteholder and such Noteholder will promptly
on demand by the Lead Securitization Noteholder (or the Servicer on its behalf) repay to the Lead Securitization Noteholder (or
the Servicer on its behalf) any portion thereof that the Lead Securitization Noteholder (or the Servicer on its behalf) shall have
theretofore distributed to such Noteholder, together with interest thereon at such rate, if any, as the Lead Securitization Noteholder
shall have been required to pay to the Mortgage Loan Borrower, the Master Servicer, Special Servicer, any other Noteholder or such
other Person with respect thereto.

(c)               
If,
for any reason, the Lead Securitization Noteholder (or the Servicer on its behalf) makes any payment to any other Noteholder before
the Lead Securitization Noteholder (or the Servicer on its behalf) has received the corresponding payment (it being understood
that the Lead Securitization Noteholder (or the Servicer on its behalf) is under no obligation to do so), and the Lead Securitization
Noteholder (or the Servicer on its behalf) does not receive the corresponding payment within three (3) Business Days of its payment
to such other Noteholder, then such other Noteholder will, at the Lead Securitization Noteholder’s (or the Servicer’s
on its behalf) request, promptly return that payment to the Lead Securitization Noteholder (or the Servicer on its behalf).

(d)               
Each
Noteholder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan
in excess of its distributable share thereof, it will promptly remit such excess to the Lead Securitization Noteholder (or the
Servicer on its behalf) subject to this Agreement and the Servicing Agreement and to be distributed pursuant to the terms of this
Agreement. The Lead Securitization Noteholder (or the Servicer on its behalf) shall have the right to offset any amounts due hereunder
from any other Noteholder, as applicable, with respect to the Mortgage Loan against any future payments due to such other Noteholder,
as applicable, under the Mortgage Loan, provided, that each Noteholder’s obligations under this Section 8 are separate
and distinct obligations from one another and in no event shall the Lead Securitization Noteholder (or the Servicer on its behalf)
enforce the obligations of one Noteholder against another Noteholder. Each Noteholder’s obligations under this Section 8
constitute absolute, unconditional and continuing obligations.

Section 9.       Limitation
on Liability of the Noteholders. No Noteholder (including any Servicer on a Noteholder’s behalf, but only to the extent
that the Servicing Agreement does not impose any other standard upon any Servicer, in which case the Servicing Agreement shall
control) shall have any liability to any other Noteholder except with respect to losses actually suffered due to the gross negligence,
willful misconduct or breach of this Agreement on the part of such Noteholder.

Each Subordinate Noteholder
acknowledges that, subject to the terms and conditions hereof and the obligation of the Lead Securitization Noteholder (including
any Servicer) to comply with, and except as otherwise required by, the Servicing Standard, the Lead

    	 	 47	 

     

    

Securitization Noteholder (including
any Servicer) may exercise, or omit to exercise, any rights that the Lead Securitization Noteholder may have under this Agreement
and the Servicing Agreement in a manner that may be adverse to the interests of such Subordinate Noteholder and that the Lead Securitization
Noteholder (including any Servicer) shall have no liability whatsoever to such Subordinate Noteholder in connection with the Lead
Securitization Noteholder’s exercise of rights or any omission by the Lead Securitization Noteholder to exercise such rights
other than as described above; provided, however, that such Servicer must act in accordance with the Servicing Standard.

Each Subordinate Noteholder
acknowledges that, subject to the terms and conditions hereof and the obligation of any Non-Lead Securitization Noteholder (including
any Non-Lead Servicer) to comply with, and except as otherwise required by, the Servicing Standard (as if such standard was applicable
to any Non-Lead Securitization Noteholder as a “servicer” thereunder), each Non-Lead Securitization Noteholder (including
any Non-Lead Servicer) may exercise, or omit to exercise, any rights that such Non-Lead Securitization Noteholder may have under
this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of such Subordinate Noteholder and
that any Non-Lead Securitization Noteholder (including any Non-Lead Servicer) shall have no liability whatsoever to such Subordinate
Noteholder in connection with any Non-Lead Securitization Noteholder’s exercise of rights or any omission by a Non-Lead Securitization
Noteholder to exercise such rights other than as described above; provided, however, that the Non-Lead Servicer must
act in accordance with the servicing standard under the Non-Lead Securitization Servicing Agreement.

Each Noteholder acknowledges
that, subject to the terms and conditions hereof, any other Noteholder may exercise, or omit to exercise, any rights that such
Noteholder may have under this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of each other
Noteholder and that such Noteholder shall have no liability whatsoever to any other Noteholder in connection with such Noteholder’s
exercise of rights or any omission by such Noteholder to exercise such rights; provided, however, that such Noteholder
shall not be protected against any liability to any other Noteholder that would otherwise be imposed by reason of willful misfeasance,
bad faith or negligence.

Section 10.       Bankruptcy. Subject to the provisions of Section 5(f) hereof and the Servicing Standard, each Noteholder hereby covenants
and agrees that only the Lead Securitization Noteholder (or the Servicer on its behalf) has the right to institute, file, commence,
acquiesce, petition under Bankruptcy Code Section 303 or otherwise or join any Person in any such petition or otherwise invoke
or cause any other Person to invoke an Insolvency Proceeding with respect to or against the Mortgage Loan Borrower or seek to appoint
a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official with respect to the Mortgage Loan
Borrower or all or any part of its property or assets or ordering the winding-up or liquidation of the affairs of the Mortgage
Loan Borrower. Subject to the provisions of Section 5(f) hereof and the Servicing Standard, each Noteholder further agrees that
only the Lead Securitization Noteholder, as a creditor, can make any election, give any consent, commence any action or file any
motion, claim, obligation, notice or application or take any other action in any case by or against the Mortgage Loan Borrower
under the Bankruptcy Code or in any other Insolvency Proceeding. Subject to the provisions of Section 5(f), the Noteholders
hereby appoint the Lead Securitization Noteholder as their agent, and grant to the Lead Securitization Noteholder an irrevocable
power of attorney

    	 	 48	 

     

    

coupled with an interest, and their
proxy, for the purpose of exercising any and all rights and taking any and all actions available to the Subordinate Noteholders
and the Controlling Noteholder in connection with any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or
in any other Insolvency Proceeding, including, without limitation, the right to file and/or prosecute any claim, vote to accept
or reject a plan, to make any election under Section 1111(b) of the Bankruptcy Code with respect to the Mortgage Loan, and to file
a motion to modify, lift or terminate the automatic stay with respect to the Mortgage Loan. The Noteholders, hereby agree that,
upon the request of the Lead Securitization Noteholder but subject to the provisions of Section 5(f), each other Noteholder
shall execute, acknowledge and deliver to the Lead Securitization Noteholder all and every such further deeds, conveyances and
instruments as the Lead Securitization Noteholder may reasonably request for the better assuring and evidencing of the foregoing
appointment and grant. All actions taken by any Servicer in connection with any Insolvency Proceeding are subject to and must be
in accordance with the Servicing Standard.

Section 11.       Cure Rights of Subordinate Noteholders.

(a)               
Subject to Section
11(b) below, in the event that the Mortgage Loan Borrower fails to make any payment of principal or interest on the Mortgage
Loan by the end of the applicable grace period (the “Grace Period”) for such payment permitted under the applicable
Mortgage Loan Documents (a “Monetary Default”), the Lead Securitization Noteholder shall provide written notice
to each Subordinate Noteholder and the Junior Operating Advisor of such default (the “Monetary Default Notice”).
The Controlling Noteholders, acting unanimously (or, for purposes of this Section 11(a) and Section 11(d), if the Controlling
Noteholders are the Note C Holders, either the Note C Holders (acting unanimously) or the Note B Holders (acting unanimously)
(such permitted electing Subordinate Noteholders, the “Curing Noteholders”)), shall have the right, but not
the obligation, to cure such Monetary Default within seven (7) Business Days after receiving the Monetary Default Notice (the
“Cure Period”) and at no other times. The Monetary Default Notice shall contain a statement that the Curing
Noteholders’ failure to cure such Monetary Default within seven (7) Business Days after receiving such notice will result
in the termination of the right to cure such Monetary Default. At the time a payment is made by the Curing Noteholders to cure
a Monetary Default, such Curing Noteholders shall pay or reimburse each Note A Holders, and if Note C Holders are effecting such
cure, each Note B Holder, for all unreimbursed Advances (whether or not recoverable with respect to any Note), Advance Interest
Amounts, any unpaid fees to any Servicer and any Additional Servicing Expenses. No Curing Noteholders shall be required, in order
to effect a cure hereunder, to pay any Default Interest or late charges under the Mortgage Loan Documents. So long as a Monetary
Default exists for which a cure payment permitted hereunder is made, such Monetary Default shall not be treated as an Event of
Default by the Lead Securitization Noteholder (including for purposes of (i) the definition of “Sequential Pay Event,”
(ii) accelerating the Mortgage Loan, modifying, amending or waiving any provisions of the Mortgage Loan Documents or commencing
proceedings for foreclosure or the taking of title by deed-in-lieu of foreclosure or other similar legal proceedings with respect
to the Mortgaged Property; or (iii) treating the Mortgage Loan as a Specially Serviced Mortgage Loan); provided that such
limitation shall not prevent the Lead Securitization Noteholder from collecting Default Interest or late charges from the Mortgage
Loan Borrower to be applied in accordance with this Agreement. Any amounts advanced by a Noteholder on behalf of the Mortgage
Loan Borrower to effect any cure shall be reimbursable to such Noteholder under Section 3 or Section 4,
as applicable.

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(b)               
Notwithstanding
anything to the contrary contained in Section 11(a), the Subordinate Noteholders’ right (collectively) to cure under
Section 11(a) shall be limited to a combined total of (i) six (6) cures of Monetary Defaults over the term of the Mortgage
Loan, no more than three (3) of which may be consecutive, and (ii) six (6) cures of Non-Monetary Defaults over the term of the
Mortgage Loan. Additional Cure Periods shall only be permitted with the consent of the Lead Securitization Noteholder and, in
the case of additional Cure Periods requested by the Note C Holders, each Note B Holder’s consent will also be required.

(c)               
No action taken
by a Subordinate Noteholder in accordance with this Agreement shall excuse performance by the Mortgage Loan Borrower of its obligations
under the Mortgage Loan Documents and the Note A Holders’ respective rights under the Mortgage Loan Documents shall not
be waived or prejudiced by virtue of any Subordinate Noteholder’s actions under this Agreement. Subject to the terms of
this Agreement, each Subordinate Noteholder shall be subrogated to the Note A Holders’ respective rights to any payment
owing to such Note A Holders for which such Subordinate Noteholder makes a cure payment as permitted under this Section 11,
and the Note C Holders shall be subrogated to the Note B Holders’ respective rights to any payment owing to such Note B
Holders for with the Note C Holders make a cure payment as permitted under this Section 11, but in either case such subrogation
rights may not be exercised against the Mortgage Loan Borrower until ninety-one (91) days after the Note is paid in full.

(d)               
If
an Event of Default (other than a Monetary Default) occurs and is continuing under the Mortgage Loan Documents (a “Non-Monetary
Default”), the Lead Securitization Noteholder shall provide notice of such Non-Monetary Default to each Subordinate
Noteholder and the Junior Operating Advisor of such Non-Monetary Default (the “Non-Monetary Default Notice”)
and the Curing Noteholder, acting unanimously, shall each have the right, but not the obligation, to cure such Non-Monetary Default
until the later of (a) the expiration date of the cure period afforded to the Mortgage Loan Borrower under the Mortgage Loan Documents,
without regard for the date of receipt by such Curing Noteholders of the Non-Monetary Default Notice, and (b) the date which is
thirty (30) days from the date of receipt by such Curing Noteholders of the Non-Monetary Default Notice related to such Non-Monetary
Default; provided, however, if such Non-Monetary Default is susceptible of cure but cannot reasonably be cured within
such period and if curative action was promptly commenced and is being diligently pursued by the Curing Noteholders, such Curing
Noteholders) shall be given an additional period of time as is reasonably necessary to enable such Curing Noteholders in the exercise
of due diligence to cure such Non-Monetary Default for so long as (i) such Controlling Noteholders diligently and expeditiously
proceed to cure such Non-Monetary Default, (ii) such Curing Noteholders make all cure payments that they are permitted to make
in accordance with the terms and provisions of Section 11(a) hereof, (iii) such additional period of time does not exceed
ninety (90) days, (iv) such Non-Monetary Default is not caused by an Insolvency Proceeding or during such period of time that
the Curing Noteholders have to cure a Non-Monetary Default in accordance with this Section 11(d) (the “Non-Monetary
Default Cure Period”), an Insolvency Proceeding does not occur, and (v) during such Non-Monetary Default Cure Period,
there is no material adverse effect on the value, use or operation of the Mortgaged Property taken as whole, which cannot be cured
by the Curing Noteholders within five (5) days of such notice of such material adverse effect. The Non-Monetary Default Notice
shall contain a statement that the Curing Noteholders’ failure to cure such Non-Monetary Default within the applicable Non-Monetary
Default Cure Period after receiving such notice will result in the termination of the right to cure such Non-Monetary Default.

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No Curing Noteholder shall contact the
Mortgage Loan Borrower in order to effect any cures under Section 11(a) or this Section 11(d) without the prior written
consent of the Lead Securitization Noteholder (or the Servicer on its behalf), such consent not to be unreasonably withheld, conditioned
or delayed.

(e)               
In
the event that the Controlling Noteholders are the Note C Holders, and both the Note C Holders (acting unanimously) and the Note
B Holders (acting unanimously) send notice of their election to cure a Monetary Default or a Non-Monetary Default, the Controlling
Noteholders and only the Controlling Noteholders shall be entitled to act as the Curing Noteholder.

Section 12.       Purchase By Subordinate Noteholder(s). Each of (A) the Note B Holders, acting unanimously, and (B) the Note C Holders,
acting unanimously, shall have the right, by written notice to (x) the Note A Holders and (y) if the Noteholder(s) electing to
make such purchase is the Note C Holders, the Note B Holders (a “Noteholder Purchase Notice”; the sender(s)
of such notice, the “Purchasing Noteholder”; and each recipient of such notice, a “Selling Noteholder”),
delivered at any time an Event of Default under the Mortgage Loan has occurred and is continuing, to purchase, in immediately available
funds, (i) if the Purchasing Noteholder is the Note B Holders, acting unanimously, the A Notes, and (ii) if the Purchasing Noteholder
is the Note C Holders, the A Notes and the B Notes (each Note specified in the Noteholder Purchase Notice, a “Purchased
Note”), in whole but not in part at the applicable Defaulted Mortgage Loan Purchase Price. For avoidance of doubt, if
one or more Subordinate Noteholder(s) elects to send a Noteholder Purchase Notice pursuant to this Section 12, it/they must
purchase the applicable Purchased Note(s). Upon the delivery of the Noteholder Purchase Notice to the Selling Noteholder(s), the
Selling Noteholder shall sell (and the Purchasing Noteholder shall purchase) the Purchased Note(s) at the applicable Defaulted
Mortgage Loan Purchase Price, on a date (the “Defaulted Note Purchase Date”) not less than ten (10) days and
not more than forty-five (45) days after the date of the Noteholder Purchase Notice, as shall be mutually established by the Purchasing
Noteholder and the Selling Noteholder(s). The Noteholder Purchase Notice shall contain a statement that the Purchasing Noteholder’s
failure to purchase the Purchased Note(s) on a Defaulted Note Purchase Date (other than as a result of any failure to consummate
such purchase on the part of the Selling Noteholder or as a result of the conditions giving rise to such purchase ceasing to exist)
will result in the termination of such right in respect of the Event of Default that caused such purchase right to be exercisable
and not in respect of any other Event of Default. Each Subordinate Noteholder agrees that the sale of any Purchased Notes to it
shall comply with all requirements of the Servicing Agreement and that all costs and expenses related thereto shall be paid by
the applicable Purchasing Noteholder. The Defaulted Mortgage Loan Purchase Price shall be calculated by the Selling Noteholder(s)
(or the Servicer on its or their behalf) three (3) Business Days prior to the Defaulted Note Purchase Date (and such calculation
shall be accompanied by a listing of all amounts included in the Defaulted Mortgage Loan Purchase Price and reasonably detailed
back-up documentation explaining how such price was determined), and shall, absent manifest error, be binding upon the Purchasing
Noteholder. Concurrently with the payment to the Selling Noteholder(s) in immediately available funds of the Defaulted Mortgage
Loan Purchase Price, the Selling Noteholder(s) shall execute at the sole cost and expense of the Purchasing Noteholder in favor
of the Purchasing Noteholder assignment documentation which will assign the Purchased Note(s) and the Mortgage Loan Documents without
recourse, representations or warranties (except each Selling Noteholder will represent and warrant that it had good and marketable
title to, was the sole owner and holder of, and had power and authority to deliver its

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Note and all of its right, title and
interest in and to the Mortgage Loan Documents free and clear of all liens and encumbrances (other than the interest created by
the Note(s) that are not the Purchased Note(s))). The right of the Note B Holders or the Note C Holders to purchase one or more
Notes as set forth above in this Section 12 shall automatically terminate upon a foreclosure sale, sale by power of sale
or delivery of a deed in lieu of foreclosure with respect to the Mortgaged Property (and the Lead Securitization Noteholder shall
give the Subordinate Noteholders ten (10) Business Days’ prior written notice of its intent with respect to such action).
Notwithstanding the foregoing sentence, if title to the Mortgaged Property is transferred to the Lead Securitization Noteholder
(or a designee on its behalf), in a manner commonly known as “the borrower turning over the keys” and not otherwise
in connection with a consummation by the Lead Securitization Noteholder of a foreclosure sale or sale by power of sale or acceptance
of a deed in lieu of foreclosure, less than ten (10) Business Days after the acceleration of the Mortgage Loan, the Lead Securitization
Noteholder shall notify each Subordinate Noteholder of such transfer and the Note B Holders and Note C Holders shall each have
a fifteen (15) Business Day period from the date of such notice from the Lead Securitization Noteholder to deliver the Noteholder
Purchase Notice to the Lead Securitization Noteholder (and, if the Note C Holders are delivering such Noteholder Purchase Notice,
to the Note B Holders), in which case such Subordinate Noteholder shall be obligated to purchase the Mortgaged Property, in immediately
available funds, within such fifteen (15) Business Day period at the applicable Defaulted Mortgage Loan Purchase Price.

Section 13.       Representations of each Subordinate Noteholder. Each Subordinate Noteholder represents, solely as to itself and its
Subordinate Note, and it is specifically understood and agreed, that it is acquiring such Note for its own account in the ordinary
course of its business and none of the other Noteholders shall have any liability or responsibility to such Subordinate Noteholder
except (i) as expressly provided herein or (ii) for actions that are taken or omitted to be taken by such other Noteholder that
constitute gross negligence or willful misconduct or that constitute a breach of this Agreement. Each Subordinate Noteholder represents
and warrants solely as to itself that the execution, delivery and performance of this Agreement is within its corporate powers,
has been duly authorized by all necessary corporate action, and does not contravene its charter or any law or contractual restriction
binding upon such Subordinate Noteholder, and that this Agreement is the legal, valid and binding obligation of such Subordinate
Noteholder enforceable against such Subordinate Noteholder in accordance with its terms, except as such enforcement may be limited
by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights
generally, and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity
or at law), and except that the enforcement of rights with respect to indemnification and contribution obligations may be limited
by applicable law. Each Subordinate Noteholder represents and warrants solely as to itself that it is duly organized, validly existing,
in good standing and possesses of all licenses and authorizations necessary to perform its obligations hereunder. Each Subordinate
Noteholder represents and warrants as to itself that (a) this Agreement has been duly executed and delivered by such Subordinate
Noteholder, (b) to such Subordinate Noteholder’s actual knowledge, all consents, approvals, authorizations, orders or filings
of or with any court or governmental agency or body, if any, required for the execution, delivery and performance of this Agreement
by such Subordinate Noteholder have been obtained or made and (c) to such Subordinate Noteholder’s actual knowledge, there
is no pending action, suit or proceeding, arbitration or governmental investigation against such Subordinate Noteholder, an adverse
outcome of which would materially and adversely affect its performance under this Agreement.

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Each Subordinate Noteholder
acknowledges that no other Noteholder owes such Subordinate Noteholder any fiduciary duty with respect to any action taken under
the Mortgage Loan Documents and, except as provided herein, need not consult with such Subordinate Noteholder with respect to any
action taken by such other Noteholder, as applicable, in connection with the Mortgage Loan.

Each Subordinate Noteholder
expressly and irrevocably waives for itself and any Person claiming through or under such Subordinate Noteholder any and all rights
that it may have under Section 1315 of the New York Real Property Actions and Proceedings Law or the provisions of any similar
law which purports to give a junior loan noteholder the right to initiate any loan enforcement or foreclosure proceedings.

Section 14.       Representations of each Initial Noteholder. Each Initial Noteholder represents and warrants that the execution, delivery
and performance of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and
does not contravene such Noteholder’s charter or any law or contractual restriction binding upon such Noteholder and that
this Agreement is the legal, valid and binding obligation of such Noteholder as applicable enforceable against it in accordance
with its terms. Each Initial Noteholder represents and warrants that it is duly organized, validly existing, in good standing and
possession of all licenses and authorizations necessary to carry on its respective business. Each Initial Noteholder represents
and warrants that (a) this Agreement has been duly executed and delivered by such Noteholder, (b) to such Noteholder’s actual
knowledge, all consents, approvals, authorizations, orders or filings of or with any court or governmental agency or body, if any,
required for the execution, delivery and performance of this Agreement by such Noteholder have been obtained or made and (c) to
such Noteholder’s actual knowledge, there is no pending action, suit or proceeding, arbitration or governmental investigation
against such Noteholder, an adverse outcome of which would materially and adversely affect its performance under this Agreement.

Each Initial Noteholder
acknowledges that no other Noteholder owes such Noteholder any fiduciary duty with respect to any action taken under the Mortgage
Loan Documents and, except as provided herein or in the Servicing Agreement, need not consult with such Noteholder with respect
to any action taken by such Noteholder in connection with the Mortgage Loan.

Section 15.       Independent Analysis of each Subordinate Noteholder. Each Subordinate Noteholder acknowledges that it has, independently
and without reliance upon any Initial Noteholder, except with respect to the representations and warranties provided by an Initial
Noteholder herein and in any documents or instruments executed and delivered by the such Initial Noteholder in connection herewith
(including the representations and warranties provided in the agreement pursuant to which it acquired its Subordinate Note), and
based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase such
Subordinate Note and such Subordinate Noteholder accepts responsibility therefor. Each Subordinate Noteholder hereby acknowledges
that, other than the representations and warranties provided herein and in such other documents or instruments, no Initial Noteholder
has made any representations or warranties with respect to the Mortgage Loan, subject to such representations and warranties as
provided by such Initial Noteholder herein and in such other documents and instruments, and that no Initial Noteholder shall have
any responsibility for (i) the collectibility of

    	 	 53	 

     

    

the Mortgage Loan, (ii) the validity,
enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished
or to be furnished to an Initial Noteholder in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency
or effectiveness of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Mortgage
Loan Borrower. Each Subordinate Noteholder assumes all risk of loss in connection with its Note except as specifically set forth
herein.

Section 16.       No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken
pursuant hereto shall be deemed to constitute the relationship created hereby between or among any of the Noteholders as a partnership,
association, joint venture or other entity. None of the Noteholders shall have any obligation whatsoever to offer to any other
Noteholder the opportunity to purchase a Note interest in any future loans originated by such Noteholder or its Affiliates, and
if such Noteholder chooses to offer to any other Noteholder the opportunity to purchase a Note interest in any future mortgage
loans originated by the such Noteholder or their respective Affiliates, such offer shall be at such purchase price and interest
rate as the offering Noteholder chooses, in its sole and absolute discretion. No Noteholder shall have any obligation whatsoever
to purchase from any other Noteholder an interest in any future loans originated by such Noteholder or their respective Affiliates.

Section 17.       Not a Security. No Subordinate Note shall be deemed to be a security within the meaning of the Securities Act of
1933 or the Securities Exchange Act of 1934.

Section 18.       Other Business Activities of the Noteholders. Each Noteholder acknowledges that each other Noteholder or its Affiliates
may make loans or otherwise extend credit to, and generally engage in any kind of business with, (i) (a) the Mortgage Loan Borrower
or (b) any direct or indirect parent of the Mortgage Loan Borrower or (c) any Affiliate of the Mortgage Loan Borrower or (d) any
Affiliate of any direct or indirect parent of the Mortgage Loan Borrower, (ii) any entity that is a holder of debt secured by direct
or indirect ownership interests in the Mortgage Loan Borrower or any Affiliate of the holder of such debt, or (iii) any entity
that is a holder of a preferred equity interest in the Mortgage Loan Borrower or any Affiliate of a holder of such preferred
equity (each, a “Mortgage Loan Borrower Related Party”), and receive payments on such other loans or extensions
of credit to Mortgage Loan Borrower Related Parties and otherwise act with respect thereto freely and without accountability in
the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

Section 19.       Sale of the Notes.

(a)               
Each
Subordinate Noteholder agrees that it will not Transfer all or any portion of its Note except in accordance with this Section
19. Each Subordinate Noteholder shall have the right, without the need to obtain the consent of any other Noteholder or any
other Person, to Transfer 49% or less (in the aggregate) of its interest in its Note to any Person, provided that any such Transfer
shall be made in accordance with the terms of this Section 19. Each Subordinate Noteholder shall have the right to
Transfer its entire Note or any portion thereof exceeding 49%, (i) to a Qualified Institutional Lender, provided, that promptly
after the Transfer each Note A Holder (and, in the case of a Transfer of a C Note, each Note B Holder) is provided with (x) a
representation from a transferee or such Subordinate Noteholder certifying that such transferee is a Qualified Institutional Lender,
and (y) a copy of the assignment and assumption agreement

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referred to in Section 20 and
provided further, that such transfer would not cause such Note to be held by more than five persons nor cause there to be no one
person owning a majority of such Note and (ii) to an entity that is not a Qualified Institutional Lender, provided that with respect
to this clause (ii), such Subordinate Noteholder obtains (1) prior to the Lead Securitization Date, the consent of the Lead Securitization
Noteholder and each other Note A Holder, each such consent not to be unreasonably withheld, conditioned or delayed, and (2) after
the Lead Securitization Date, Rating Agency Confirmation (and for avoidance of doubt, no consent of the Lead Securitization Noteholder
or other Note A Holder shall be required after the closing of the Lead Securitization); provided that in each of case (1)
and (2), (x) promptly after the Transfer each Note A Holder are each provided with a copy of the assignment and assumption agreement
referred to in Section 20 and (y) such transfer would not cause the subject Note to be held by more than five persons; and
provided further, however, that if such transfer would cause there to be no one person owning a majority of the subject
Note, then such transfer will not be permitted unless persons owning a majority of the subject Note designate one of such persons
to act on behalf of such persons owning such majority. If the subject Note is held by more than one Noteholder at any time, the
Majority B Noteholders or Majority C Noteholders, as applicable, shall immediately appoint a representative to exercise all rights
of such Subordinate Noteholder hereunder. As of the date hereof, the Majority B Noteholders hereby designate the Noteholder holding
Note B-1 as the representative to exercise all of the rights of the Note B Holders pursuant to this Section 19, until such
time as the Note B Holders shall notify the other Noteholders in writing. As of the date hereof, the Majority C Noteholders hereby
designate the Noteholder holding Note C-1 as the representative to exercise all of the rights of the Note C Holders pursuant to
this Section 19, until such time as the Note C Holders shall notify the other Noteholders in writing. Notwithstanding the
foregoing, without the Lead Securitization Noteholder’s prior consent, which may be withheld in the Lead Securitization Noteholder’s
sole and absolute discretion, and, in the case of a Transfer of a C Note, without the Note B Holders, which may be withheld in
the Note B Holders’ sole and absolute discretion, no Subordinate Noteholder shall Transfer all or any portion of its Note
to the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer shall be absolutely null and void
and shall vest no rights in the purported transferee. Each Subordinate Noteholder agrees it will pay the expenses of the Lead Securitization
Noteholder (including all expenses of the Master Servicer and the Special Servicer) and the Non-Lead Securitization Noteholders
(including all expenses of the related Non-Lead Master Servicer and the related Non-Lead Special Servicer) in connection with any
such Transfer.

(b)               
All
Transfers under Section 19(a) shall be made upon written notice to the Note A Holders not later than the date of such Transfer
(and, in the case of a Transfer of a C Note, upon not less than five (5) Business Days’ prior written notice to the Note
B Holders, unless the Transfer is to an Affiliate of such Note C Holder in which case written notice need only be given not later
than the date of such Transfer), and each transferee shall (i) execute an assignment and assumption agreement whereby such
transferee assumes all or a ratable portion, as the case may be, of the obligations of the applicable Subordinate Noteholder hereunder
with respect to its Note from and after the date of such assignment (or, in the case, of a pledge, collateral assignment or other
encumbrance made in accordance with Section 19(e) by such Subordinate Noteholder of its Note solely as security for a loan
to such Subordinate Noteholder made by a third-party lender whereby such Subordinate Noteholder remains fully liable under this
Agreement, on or before the date on which such third-party lender succeeds to the rights of such Subordinate Noteholder by foreclosure
or otherwise, such third-party lender executes an agreement that such lender shall be bound by the

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terms and provisions of this Agreement
and the obligations of such Subordinate Noteholder hereunder) and (ii) agree in writing to be bound by the Servicing Agreement,
unless the Servicing Agreement is not then in effect with respect to the Mortgage Loan, in which event the parties will enter into
or agree to be bound by any replacement servicing agreement therefor in accordance with the provisions hereof. Upon the consummation
of a Transfer of all or any portion of a Subordinate Note in accordance with this Agreement, the transferring Person shall be released
from all liability arising under this Agreement with respect to such Subordinate Note (or the portion thereof that was the subject
of such Transfer), for the period after the effective date of such Transfer (it being understood and agreed that the foregoing
release shall not apply in the case of a sale, assignment, transfer or other disposition of a participation interest in the subject
Subordinate Note as described in clause (c) below). In connection with any such permitted transfer of a portion of a Subordinate
Note and for all purposes of this Agreement, each Note A Holder need only recognize the majority holder of such Subordinate Note
for purposes of notices, consents and other communications between such Note A Holders, as applicable, and such majority holder
of the subject Subordinate Note shall be the only Person authorized hereunder to exercise any rights of such Subordinate Noteholder
under this Agreement; provided, however, the majority holder of the subject Subordinate Note may from time to time
designate any other Person as an additional party entitled to receive notices, consents and other communications and/or to exercise
rights on behalf of such Subordinate Noteholder hereunder by delivering written notice thereof to each Note A Holder, and, from
and after delivery of such notice, such designee shall be so authorized hereunder and shall be the only party entitled to receive
such notices, consents and such other communications and/or to exercise such rights.

(c)               
In the case of any sale, assignment, transfer or other disposition of a participation interest in a Note, (i) such
Noteholder’s obligations under this Agreement shall remain unchanged, (ii) such Noteholder shall remain solely responsible
for the performance of such obligations, (iii) the other Noteholders and any Persons acting on their behalf shall continue
to deal solely and directly with such Noteholder in connection with such Noteholder’s rights and obligations under this Agreement
and the Servicing Agreement, and (iv) all amounts payable hereunder shall be determined as if such Noteholder had not sold such
participation interest; provided, however, that if the applicable participant is a Qualified Institutional Lender
(and delivers to the other Noteholders a certification from an authorized officer confirming its status as a Qualified Institutional
Lender), such Noteholder, by written notice to the other Noteholders, may delegate to such participant such Noteholder’s
right to exercise the rights of the Controlling Noteholder hereunder and under the Servicing Agreement; provided, further,
however, that upon the occurrence of a Note B Control Appraisal Period or a Note C Control Appraisal Period, the aforesaid
delegation of rights shall terminate and be of no further force and effect with respect to a B Note (in the case of a Note B Control
Appraisal Period) or a C Note (in the case of a Note C Control Appraisal Period).

(d)               
Each
of the Note A Holders shall have the right to Transfer all or any portion of its Note without the prior consent of any other Noteholder
(i) with respect to each A Note prior to an Event of Default, to any party other than the Mortgage Loan Borrower or any Mortgage
Loan Borrower Related Party and (ii) after an Event of Default, to any party, including the Mortgage Loan Borrower and any Mortgage
Loan Borrower Related Party; provided, however, that following such Transfer of any A Note, the Mortgage Loan continues
to be serviced in its entirety pursuant to the Servicing Agreement by a Servicer unaffiliated with Mortgage Loan Borrower. For

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the avoidance of doubt, subject to Section
12, no Noteholder or the Servicer shall have any right to Transfer or cause the Transfer of any other Note.

(e)               
Notwithstanding
any other provision hereof, any Noteholder may pledge (a “Pledge”) its Note to any entity (other than the Mortgage
Loan Borrower or any Affiliate thereof) which has extended a credit or repurchase facility to such Noteholder and that is either
a Qualified Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A” (or
the equivalent) or better by each Rating Agency (a “Note Pledgee”), on terms and conditions set forth in this
Section 19(e), it being further agreed that a financing provided by a Note Pledgee to a Noteholder or any person which Controls
such Noteholder that is secured by such Noteholder’s interest in the applicable Note and is structured as a repurchase arrangement,
shall qualify as a “Pledge” hereunder, provided that a Note Pledgee which is not a Qualified Institutional
Lender may not take title to the pledged Note without (a) prior to the first Securitization of any Note, the consent of each other
Noteholder and (b) after the closing of the first Securitization of any Note, Rating Agency Confirmation. Upon written notice
by the applicable Noteholder to each other Noteholder and any Servicer that a Pledge has been effected (including the name and
address of the applicable Note Pledgee), each other Noteholder agrees to acknowledge receipt of such notice and thereafter agrees:
(i) to give Note Pledgee written notice of any default by the pledging Noteholder in respect of its obligations under this
Agreement of which default such Noteholder has actual knowledge; (ii) to allow such Note Pledgee a period of ten (10)
Business Days to cure a default by the pledging Noteholder in respect of its obligations to each other Noteholder hereunder, but
such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination
of this Agreement shall be effective against such Note Pledgee without the written consent of such Note Pledgee, which consent
shall not be unreasonably withheld, conditioned or delayed; (iv) that such other Noteholder shall give to such Note Pledgee
copies of any notice of default under this Agreement simultaneously with the giving of same to the pledging Noteholder and accept
any cure thereof by such Note Pledgee which such pledging Noteholder has the right (but not the obligation) to effect hereunder,
as if such cure were made by such pledging Noteholder; (v) that such other Noteholder shall deliver to Note Pledgee such
estoppel certificate(s) as Note Pledgee shall reasonably request, provided that any such certificate(s) shall be in a form
reasonably satisfactory to such other Noteholder; and (vi) that, upon written notice (a “Redirection Notice”)
to each other Noteholder and any Servicer by such Note Pledgee that the pledging Noteholder is in default, beyond any applicable
cure periods, under the pledging Noteholder’s obligations to such Note Pledgee pursuant to the applicable credit agreement
between the pledging Noteholder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Noteholder),
and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any
payments that any Noteholder or Servicer would otherwise be obligated to pay to the pledging Noteholder from time to time pursuant
to this Agreement or any Servicing Agreement. Any pledging Noteholder hereby unconditionally and absolutely releases each other
Noteholder and any Servicer from any liability to the pledging Noteholder on account of any Noteholder’s or Servicer’s
compliance with any Redirection Notice believed by any Servicer or any such other Noteholder to have been delivered by a Note
Pledgee. Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Noteholder to such Note
Pledgee (and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law and this Agreement.
In such event, the Noteholders and any Servicer shall recognize such Note Pledgee (and any transferee other than the Mortgage
Loan Borrower or any Affiliate thereof which is also

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a Qualified Institutional Lender at
any foreclosure or similar sale held by such Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns,
as the successor to the pledging Noteholder’s rights, remedies and obligations under this Agreement, and any such Note Pledgee
or Qualified Institutional Lender shall assume in writing the obligations of the pledging Noteholder hereunder accruing from and
after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and agrees to be bound by the terms and provisions
of this Agreement. The rights of a Note Pledgee under this Section 19(e) shall remain effective as to any Noteholder (and
any Servicer) unless and until such Note Pledgee shall have notified any such Noteholder (and any Servicer, as applicable) in writing
that its interest in the pledged Note has terminated.

(f)               
Notwithstanding any provisions herein to the contrary, if a conduit (“Conduit”) which is not a Qualified
Institutional Lender provides financing to a Noteholder then such Noteholder shall have the right to grant a security interest
in its Note to such Conduit notwithstanding that such Conduit is not a Qualified Institutional Lender, if the following conditions
are satisfied:

(i)           
The loan (the “Conduit Inventory Loan”) made by the Conduit to such Noteholder to finance the acquisition
and holding of its Note will require a third party (the “Conduit Credit Enhancer”) to provide credit enhancement;

(ii)           
The Conduit Credit Enhancer and conduit manager (if Moody’s rates the Securitization) will be a Qualified Institutional
Lender;

(iii)           
Such Noteholder will pledge (or sell, transfer or assign as part of a repurchase facility) its interest in the applicable
Note to the Conduit as collateral for the Conduit Inventory Loan;

(iv)           
The Conduit Credit Enhancer and the Conduit will agree that, if such Noteholder defaults under the Conduit Inventory Loan,
or if the Conduit is unable to refinance its outstanding commercial paper even if there is no default by such Noteholder, the Conduit
Credit Enhancer will purchase the Conduit Inventory Loan from the Conduit, and the Conduit will assign the pledge of such Noteholder’s
Note to the Conduit Credit Enhancer; and

(v)           
Unless the Conduit is in fact then a Qualified Institutional Lender, the Conduit will not, without obtaining the consent
of each other Noteholder, have any greater right to acquire the interests in the Note pledged by such Noteholder, by foreclosure
or otherwise, than would any other purchaser that is not a Qualified Institutional Lender at a foreclosure sale conducted by a
Note Pledgee.

Section 20.       Registration of Transfer. In connection with any Transfer of a Note (but excluding (x) any participant and (y) any
Pledgee unless and until it realizes on its Pledge), a transferee shall execute an assignment and assumption agreement whereby
such transferee assumes all of the obligations of the applicable Noteholder hereunder with respect to such Note thereafter accruing
and agrees to be bound by the terms of this Agreement, including the restriction on Transfers set forth in Section 19, from and
after the date of such assignment. Notwithstanding the preceding sentence, a Trustee shall not be required to execute an assignment
and assumption

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agreement in connection with any Transfer
of a Note if the obligations are assumed pursuant to the Servicing Agreement. In connection with a Transfer of a Note, the Agent
shall not recognize any attempted or purported transfer of any Note in violation of the provisions of Section 19 and this Section 20.
Any such purported transfer shall be absolutely null and void and shall vest no rights in the purported transferee. Each Noteholder
desiring to effect such transfer shall, and does hereby agree to, indemnify the Agent and any other Noteholder against any liability
that may result if the transfer is not made in accordance with the provisions of this Agreement. Upon a Securitization of the Lead
Securitization Note, the Certificate Administrator shall automatically become and be the Agent.

Section 21.       Registration
of the Notes. The Agent shall keep or cause to be kept at the Agent Office books (the “Note Register”)
for the registration and transfer of the Notes. The Agent shall serve as the initial Note registrar and the Agent hereby accepts
such appointment. The names and addresses of the holders of the Notes and the names and addresses of any transferee of any Note
of which the Agent has received notice, in the form of a copy of the assignment and assumption agreement referred to in Section
20, and the principal amounts (and stated interest) of the Note owing to each such Noteholder, shall be registered in the Note
Register. The Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder thereof for
all purposes of this Agreement, except in the case of the Initial Noteholders who may hold their Notes through a nominee. Upon
request of a Noteholder, the Agent shall provide such party with the names and addresses of the Noteholders. To the extent another
party is appointed as Agent hereunder, the Noteholders hereby designate such person as its agent under this Section 21
solely for purposes of maintaining the Note Register. The parties intend for the Notes to be in registered form for federal income
tax purposes under Section 5f.103-1(c) of the United States Treasury Regulations.

Section 22.       Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, and the arrangement hereby
be maintained, in a manner consistent with rules applicable to a grantor trust under subpart E, part I of subchapter J of chapter
1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will
not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create
a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Section 23.       No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the Noteholders.
Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-Lead Noteholder shall have any interest in any
property taken as security for the Mortgage Loan, provided, however, that if any such property or the proceeds of
any sale, lease or other disposition thereof shall be received, then each Non-Lead Noteholder shall be entitled to receive its
share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.

Section 24.       Governing Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED
TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND
DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN

    	 	 59	 

     

    

ACCORDANCE WITH THE INTERNAL LAWS AND
DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES
ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

Section 25.       Submission to Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally:

(a)               
SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, OR FOR RECOGNITION AND
ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF, TO THE NON-EXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK,
THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY THEREOF;

(b)              
CONSENTS THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS AND, TO THE EXTENT PERMITTED BY LAW, WAIVES ANY
OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION
OR PROCEEDING WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME;

(c)               
AGREES THAT SERVICE OF PROCESS IN ANY SUCH ACTION OR PROCEEDING MAY BE EFFECTED BY MAILING A COPY THEREOF BY REGISTERED
OR CERTIFIED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE PREPAID, TO ITS ADDRESS SET FORTH HEREIN OR AT SUCH OTHER
ADDRESS OF WHICH A PARTY HEREIN SHALL HAVE BEEN NOTIFIED; AND

(d)              
AGREES THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR SHALL
LIMIT THE RIGHT TO SUE IN ANY OTHER JURISDICTION.

Section 26.       Modifications; Amendment. This Agreement shall not be modified, cancelled or terminated except by an instrument in
writing signed by each Noteholder. Additionally, for as long as any Note is contained in a Securitization Trust, the Noteholders
shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation; provided that no such confirmation
from the Rating Agencies shall be required in connection with a modification or amendment (i) to cure any ambiguity, to correct
or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with the Servicing
Agreement, (ii) entered into pursuant to Section 38 of this Agreement or (iii) to correct or supplement any provision herein
that may be defective or inconsistent with any other provisions of this Agreement.

Section 27.       Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective successors

    	 	 60	 

     

    

and permitted assigns. Except as provided
herein, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not a party hereto. Subject
to Section 19, each Noteholder may assign or delegate its rights or obligations under this Agreement. Upon any such assignment,
the assignee shall be entitled to all rights and benefits of the applicable Noteholder hereunder, including, without limitation,
the right to make further assignments and grant additional Notes.

Section 28.       Counterparts. This Agreement may be executed in any number of counterparts and all of such counterparts shall together
constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document
Format (PDF) or by facsimile transmission shall be effective as delivery of a manually executed original counterpart of this Agreement.

Section 29.       Captions. The titles and headings of the paragraphs of this Agreement have been inserted for convenience of reference
only and are not intended to summarize or otherwise describe the subject matter of the paragraphs and shall not be given any consideration
in the construction of this Agreement.

Section 30.       Severability. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable laws,
such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Agreement.

Section 31.       Entire Agreement. This Agreement constitutes the entire agreement among the parties hereto with respect to the subject
matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

Section 32.       Withholding Taxes.

(a)               
If the Lead Securitization Noteholder or the Mortgage Loan Borrower shall be required by law to deduct and withhold Taxes
from interest, fees or other amounts payable to any Subordinate Noteholder with respect to the Mortgage Loan as a result of such
Subordinate Noteholder constituting a Non-Exempt Person, the Lead Securitization Noteholder, or the Servicer on its behalf, shall
be entitled to do so with respect to such Subordinate Noteholder’s interest in such payment (all amounts so withheld being
deemed paid to such Subordinate Noteholder), provided that the Lead Securitization Noteholder shall furnish such Subordinate
Noteholder with a statement setting forth the amount of Taxes withheld, the applicable rate and other information which may reasonably
be requested for purposes of assisting such Subordinate Noteholder to seek any allowable credits or deductions for the Taxes so
withheld in each jurisdiction in which such Subordinate Noteholder is subject to tax.

(b)               
Each Subordinate
Noteholder shall and hereby agrees to indemnify the Lead Securitization Noteholder against and hold the Lead Securitization Noteholder
harmless from and against any Taxes, interest, penalties and reasonable attorneys’ fees, expenses and disbursements arising
or resulting from any failure of the Lead Securitization Noteholder (or the Servicer on its behalf) to withhold Taxes from payment
made to such Subordinate Noteholder in reliance upon

    	 	 61	 

     

    

any representation, certificate, statement,
document or instrument made or provided by such Subordinate Noteholder to the Lead Securitization Noteholder in connection with
the obligation of the Lead Securitization Noteholder to withhold Taxes from payments made to such Subordinate Noteholder, it being
expressly understood and agreed that (i) the Lead Securitization Noteholder shall be absolutely and unconditionally entitled to
accept any such representation, certificate, statement, document or instrument as being true and correct in all respects and to
fully rely thereon without any obligation or responsibility to investigate or to make any inquiries with respect to the accuracy,
veracity, correctness or validity of the same and (ii) such Subordinate Noteholders shall, upon request of the Lead Securitization
Noteholder, at its sole cost and expense, defend any claim or action relating to the foregoing indemnification using counsel selected
by the Lead Securitization.

(c)               
Contemporaneously
with the execution of this Agreement, and from time to time as reasonably requested by the Lead Securitization Noteholder or Servicer
during the term of this Agreement, each Subordinate Noteholder shall deliver to the Lead Securitization Noteholder or Servicer,
as applicable, evidence satisfactory to the Lead Securitization Noteholder substantiating whether such Subordinate Noteholder
is a Non-Exempt Person and whether the Lead Securitization Noteholder is obligated under applicable law to withhold Taxes on sums
paid to it with respect to the Mortgage Loan or otherwise under this Agreement, it being acknowledged by the parties hereto that
delivery of a certification in the form attached hereto as Exhibit D shall be satisfactory evidence that such Subordinate
Noteholder is not a Non-Exempt Person. Without limiting the effect of the foregoing, (i) if a Subordinate Noteholder (or, if such
Subordinate Noteholder is disregarded for U.S. federal income tax purposes, the owner of such Subordinate Noteholder) is created
or organized under the laws of the United States, any state thereof or the District of Columbia, it shall satisfy the requirements
of the preceding sentence by furnishing to the Lead Securitization Noteholder an Internal Revenue Service Form W-9 and (ii) if
a Subordinate Noteholder (or, if such Subordinate Noteholder is disregarded for U.S. federal income tax purposes, the owner of
such Subordinate Noteholder) is not created or organized under the laws of the United States, any state thereof or the District
of Columbia, and if the payment of interest or other amounts by the Mortgage Loan Borrower is treated for United States income
tax purposes as derived in whole or part from sources within the United States, such Subordinate Noteholder shall satisfy the
requirements of the preceding sentence by furnishing to the Lead Securitization Noteholder Internal Revenue Service Form W-8ECI,
Form W-8IMY (with appropriate attachments), Form W-8BEN or Form W-8BEN-E, or applicable successor forms, as may be required from
time to time, duly executed by such Subordinate Noteholder; provided that such Subordinate Noteholder, without request,
shall deliver a new, appropriately completed Form W-8 if the Subordinate Noteholder’s current Form W-8 “expires”
or if there is a “change in circumstances” that makes any of the information on the current Form W-8 incorrect (both
within the meaning of the instructions to such Form W-8). The Lead Securitization Noteholder shall not be obligated to make any
payment hereunder to any Subordinate Noteholder in respect of its Note or otherwise until such Subordinate Noteholder shall have
furnished to the Lead Securitization Noteholder the requested forms, certificates, statements or documents.

Section 33.       Custody of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than the Notes) will
be held by the Lead Securitization Noteholder (or a custodian acting on behalf of the Lead Securitization Noteholder) who shall
act as secured party under the Mortgage Loan Documents on behalf of the registered holders of the

    	 	 62	 

     

    

Notes. Notwithstanding anything to the
contrary in this Agreement, upon the Lead Securitization, the originals of all of the Mortgage Loan Documents (other than the Notes)
shall be held by the Custodian (as defined in the Servicing Agreement). Each Note shall be held by the respective Noteholder or
a custodian appointed by such Noteholder.

Section 34.       Notices. All notices required hereunder shall be given by (i) writing and personally delivered, (ii) sent by facsimile
transmission (during business hours) if a party has provided a facsimile number, (iii) reputable overnight delivery service (charges
prepaid), (iv) sent by electronic mail containing language requesting the recipient to confirm receipt thereof if a party has provided
an electronic mail address and only if such electronic mail is promptly followed by a written notice or (iv) certified United States
mail, postage prepaid return receipt requested, and addressed to the respective parties at their addresses set forth on Exhibit
B hereto, or at such other address as any party shall hereafter inform the other party by written notice given as aforesaid.
All written notices so given shall be deemed effective upon receipt.

All notices and reports
(including, without limitation, Asset Status Reports) required to be delivered hereunder by the Lead Securitization Noteholder
(or any Servicer on its behalf) to the Controlling Noteholder (or its Junior Operating Advisor), or by the Controlling Noteholder
(or its Junior Operating Advisor) to the Lead Securitization Noteholder (or any Servicer on its behalf), shall also be delivered
by the applicable party to each other Noteholder.

Section 35.       Broker. Each Noteholder represents to each other Noteholder that no broker was responsible for bringing about this
transaction.

Section 36.       Certain Matters Affecting the Agent.

(a)               
The Noteholders hereby appoint the Agent to act on their behalf, and the Agent shall act on behalf of the Noteholders;

(b)              
The Agent may request and/or rely upon and shall be protected in acting or refraining from acting upon any officer’s
certificate or assignment and assumption agreement delivered to the Agent pursuant to Section 20;

(c)               
The Agent may consult with counsel and any opinion of counsel shall be full and complete authorization and protection in
respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance with such opinion of counsel;

(d)              
The Agent shall be under no obligation to institute, conduct or defend any litigation hereunder or in relation hereto at
the request, order or direction of any of the Noteholders pursuant to the provisions of this Agreement, unless it has received
indemnity reasonably satisfactory to it;

(e)               
The Agent or any of its directors, officers, employees, Affiliates, agents or “control” persons within the meaning
of the Securities Act, shall not be personally liable for any action taken, suffered or omitted by it in good faith and reasonably
believed by the Agent to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;

    	 	 63	 

     

    

(f)               
The Agent shall not be bound to make any investigation into the facts or matters stated in any officer’s certificate
or assignment and assumption agreement delivered to the Agent pursuant to Section 20; and

(g)              
The Agent may execute any of the powers hereunder or perform any duties hereunder either directly or by or through agents
or attorneys but shall not be relieved of its obligations hereunder.

Section 37.       Termination
of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Lead Securitization Noteholder.
In the event that the Agent is terminated pursuant to this Section 37, all of its rights and obligations under this Agreement
shall be terminated, other than any rights or obligations that accrued prior to the date of such termination.

The Agent may resign
at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this
Agreement and perform the duties of the Agent hereunder. Goldman Sachs Bank USA, as Initial Agent, may transfer its rights and
obligations to a Servicer, as successor Agent, at any time without the consent of any Noteholder. Goldman Sachs Bank USA, as Initial
Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to
act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. Notwithstanding
the foregoing, the Noteholders hereby agree that, simultaneously with the closing of the Lead Securitization, the Certificate Administrator
shall be deemed to have been automatically appointed as the successor Agent under this Agreement in place of the Initial Agent
or any successor thereto prior to such Securitization without any further notice or other action. The termination or resignation
of the Certificate Administrator, as Certificate Administrator under the Servicing Agreement, shall be deemed a termination or
resignation of such Certificate Administrator as Agent under this Agreement.

Section 38.       Resizing. In connection with the Mortgage Loan, each Noteholder agrees, subject to clause (iii) below, that if a
Note A Holder determines that it is advantageous to resize its Note by causing the Mortgage Loan Borrower to execute amended and
restated or additional pari passu notes (in either case, “New Notes”) reallocating the principal of such Note
to such New Notes, each Noteholder other than the resizing Noteholder shall cooperate with the resizing Noteholder to effect such
resizing at such resizing Noteholder’s expense; provided that (i) the aggregate principal balance of all outstanding
New Notes following the creation thereof is no greater than the principal balance of such Note or Notes immediately prior to the
creation of the New Notes, (ii) the weighted average Interest Rate of all outstanding New Notes following the creation thereof
is the same as the Interest Rate of the related Note or Notes immediately prior to the creation of the New Notes, and (iii) no
such resizing shall (x) change the interest allocable to, or the amount of any payments due to, any other Noteholder, or priority
of such payments, or (y) increase any other Noteholder’s obligations or decrease any other Noteholder’s rights,
remedies or protections. In connection with any resizing of an A Note, the related Noteholder may allocate its rights hereunder
among the New Notes in any manner in its sole discretion.

Section 39.       Conflict. To the extent of any inconsistency between the Servicing Agreement, on one hand, and this Agreement, on
the other, this Agreement shall control.

    	 	 64	 

     

    

Section 40.       Cooperation
in Securitization.

(a)               
Each Noteholder acknowledges that any Note A Holder may elect, in its sole discretion, to include its Note in a Securitization.
In connection with a Securitization of an A Note, at the request of the related Noteholder, each other Noteholder shall use commercially
reasonable efforts, at the requesting Noteholder’s expense, to satisfy, and to cooperate with the requesting Noteholder in
attempting to cause the Mortgage Loan Borrower to satisfy, the market standards to which the requesting Noteholder customarily
adheres or which may be reasonably required in the marketplace or by the Rating Agencies in connection with the Securitization,
including, entering into (or consenting to, as applicable) any modifications to this Agreement or the Mortgage Loan Documents and
to cooperate with the requesting Noteholder in attempting to cause the Mortgage Loan Borrower to execute such modifications to
the Mortgage Loan Documents, in any such case, as may be reasonably requested by the Rating Agencies to effect the Securitization;
provided, however, that either in connection with the Securitization or otherwise at any time prior to the Securitization
no other Noteholder shall be required to modify or amend this Agreement or any Mortgage Loan Documents (or consent to such modification,
as applicable) in connection therewith, if such modification or amendment would (i) change the interest allocable to, or the amount
of any payments due to or priority of any payments to be made to, such Noteholder, (ii) increase such Noteholder’s obligations
or decrease such Noteholder’s rights, remedies or protections hereunder or under any Mortgage Loan Document, or (iii) otherwise
adversely (other than de minimus changes) affect the rights and interests of such Noteholder. In connection with any such Securitization
of an A Note, each other Noteholder agrees to provide for inclusion in any disclosure document relating to the related Securitization
such customary non-confidential information concerning such Noteholder as the requesting Noteholder reasonably determines to be
necessary to satisfy its disclosure obligations in connection with its Securitization. Each Noteholder covenants and agrees that
if it is not the requesting Noteholder, it shall use commercially reasonable efforts to cooperate with the requests of each Rating
Agency and the requesting Noteholder in connection with the preparation of any offering documents in connection with the Securitization,
and to review and respond reasonably promptly with respect to any information relating to it in any Securitization document, all
at the cost and expense of the requesting Noteholder. Each Noteholder acknowledges that the information provided by it to the requesting
Noteholder pursuant to this Section 40 may be incorporated into the offering documents for a Securitization. A requesting
Note A Holder and each Rating Agency shall be entitled to rely on the information supplied by each other Noteholder pursuant to
this Section 40.

(b)               
Each
Note A Holder securitizing its Note may, at its election, deliver to each other Noteholder drafts of the preliminary and final
Securitization offering memoranda, prospectus, preliminary prospectus and any other disclosure documents and (in the case of the
Lead Securitization) the Servicing Agreement simultaneously with distributions of any such documents to the general working group
of the related Securitization. Each other Noteholder may, at its election, review and comment thereon insofar as it relates to
such other Noteholder and/or its Note, and, if such other Noteholder elects to review and comment, such other Noteholder shall
review and comment thereon as soon as possible (but in no event later than (i) in the case of the first draft thereof, two (2)
Business Days after receipt thereof and (ii) in the case of each subsequent draft thereof, the deadline provided to the general
working group of the related Securitization for review and comment), and if such other Noteholder fails to respond within such
time, such other Noteholder shall be deemed to have elected to not comment thereon (but no failure to comment

    	 	 65	 

     

    

shall constitute a waiver of such other
Noteholder’s rights hereunder or under the Mortgage Loan Documents). In the event of any disagreement between any such other
Noteholder with respect to the preliminary and final offering memoranda, prospectus, free writing prospectus or any other disclosure
documents the requesting Noteholder’s determination shall control (the parties acknowledging that no inaccuracy in such documents
shall in any respect prejudice any such other Noteholder’s rights hereunder or under the Mortgage Loan Documents). No such
other Noteholder shall have any obligation or liability with respect to any such offering documents other than the accuracy of
any comments it elects to make regarding itself.

(c)               
Notwithstanding anything herein to the contrary, each of Note A Holder acknowledges and agrees that (i) no other Noteholder
shall be required to incur any out-of-pocket expenses in connection with their respective Securitizations of an A Note, and (ii)
any such other Noteholder shall only be required to disclose such customary non-confidential information reasonably determined
by the requesting Note A Holder to be necessary to satisfy its disclosure obligations in connection with its Securitization.

[SIGNATURE PAGE FOLLOWS]

 

 

    	 	 66	 

     

    

IN WITNESS WHEREOF,
the Initial Noteholders have caused this Agreement to be duly executed as of the day and year first above written.

	 	GOLDMAN
SACHS BANK USA, as Initial Goldman Noteholder and Initial Agent
	 	 
	 	 
	 	By: 	/s/ Leah Nivison
	 	 	Name: Leah Nivison
Title: Authorized Signatory

 

	 	DEUTSCHE BANK AG, NEW YORK BRANCH, as Initial DBNY Noteholder
	 	 
	 	 
	 	By: 	 /s/ Natalie Grainger
	 	 	Name: Natalie Grainger
Title: Director

	 	 
	 	 
	 	By: 	/s/ Matt Smith
	 	 	Name: Matt Smith
Title: Director

 

 

AGREEMENT
AMONG NOTEHOLDERS (MOFFETT TOWERS II - BUILDING 5)

    	 	  	 

     

    

EXHIBIT A

MORTGAGE LOAN SCHEDULE

A.    Description
of Mortgage Loan:

 

	Mortgage Loan:	Loan Agreement, dated as of March 8, 2019 between Goldman Sachs Bank USA, Deutsche Bank AG, New York Branch, together as lender, and MT2 B5 LLC, as borrower
	Date of the Mortgage Loan and Notes:	March 8, 2019
	Initial Principal Amount of Mortgage Loan:	$295,000,000
	Location of Mortgaged Property:	Sunnyvale, California
	Anticipated Repayment Date:	April 6, 2029

B.     Description
of Note Interests: Each Note shall have the Initial Principal Balance, Percentage Interest and initial rate of interest set
forth in the table below.

	
        Note
        Designation
	
        Initial

        Interest Rate
	
        

        Percentage Interest
	
        Original
        Principal Balance

	Note A-1	4.025882353%	14.41%	$42,500,000
	Note A-2	4.025882353%	22.03%	$65,000,000
	Note A-3	4.025882353%	16.95%	$50,000,000
	Note A-4	4.025882353%	4.24%	$12,500,000
	Note B-1	5.660000000%	21.61%	$63,750,000
	Note B-2	5.660000000%	7.20%	$21,250,000
	Note C-1	6.410000000%	10.17%	$10,000,000
	Note C-2	6.410000000%	3.39%	$30,000,000

 

 

    	 	A-1	 

     

    

EXHIBIT B

1.    Initial
Goldman Note Holder:

Goldman Sachs Bank USA

200 West Street

New York, New York 10282

Attention: Leah Nivison

Email: leah.nivison@gs.com

with a copy to:

Goldman Sachs Bank USA

200 West Street

New York, New York 10282

Attention: Joe Osborne

Email: joe.osborne@gs.com

2.    Initial
DBNY Noteholder:

Deutsche Bank AG, New York Branch

60 Wall Street

New York, New York 10005

Attention: Robert Pettinato

Telecopier: (212) 797-4488

Email: Robert.pettinato@db.com

with a copy to:

Deutsche Bank AG, New York Branch

60 Wall Street

New York, New York 10005

Attention: General Counsel

with a copy to:

[Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

Attention: Robert Kim

Facsimile No.: (212) 504-6666]

 

 

    	 	 B-1	 

     

    

EXHIBIT C

PERMITTED FUND MANAGERS

		1.	Westbrook Partners

		2.	DLJ Real Estate Capital Partners

		3.	iStar Financial Inc.

		4.	Capital Trust, Inc.

		5.	Lend-Lease Real Estate Investments

		6.	Archon Capital, L.P.

		7.	Whitehall Street Real Estate Fund, L.P.

		8.	The Blackstone Group International Ltd.

		9.	Apollo Real Estate Advisors

		10.	Colony Capital, Inc.

		11.	Praedium Group

		12.	J.E. Roberts Companies

		13.	Fortress Investment Group, LLC

		14.	Lonestar Opportunity Fund

		15.	Clarion Partners

		16.	Walton Street Capital, LLC

		17.	Starwood Financial Trust

		18.	BlackRock, Inc.

		19.	Rialto Capital Management, LLC

		20.	Raith Capital Partners, LLC

		21.	Rialto Capital Advisors LLC

		22.	Teachers Insurance and Annuity Association of America

		23.	Principal Real Estate Investors, LLC

		24.	Metropolitan Life Insurance Company

		25.	New York Life Insurance Company

EXHIBIT D

PORTFOLIO INTEREST CERTIFICATION

Reference is hereby
made to the Agreement Between Noteholders, dated as of March 8, 2019 (as amended, supplemented or otherwise modified from time
to time, the “Agreement”), by and between Goldman Sachs Bank and USA Deutsche Bank AG, New York Branch, and
each lender from time to time party thereto.

Pursuant to the provisions
of Section 32 (Withholding Taxes) of the Agreement, the undersigned hereby certifies that (i) it is the sole record and
beneficial owner of the promissory note evidencing Note [B-1-A][B-1-B][B-2-A][B-2-B][C-1][C-2] in respect of which it is providing
this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder
of the Mortgage Loan Borrower within the meaning

    	 	 C-1	 

     

    

of Section 871(h)(3)(B) of the Code
and (iv) it is not a controlled foreign corporation related to the Mortgage Loan Borrower as described in Section 881(c)(3)(C)
of the Code.

The undersigned has
furnished the Master Servicer and the Mortgage Loan Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN-E.

Unless otherwise defined
herein, terms defined in the Agreement and used herein shall have the meanings given to them in the Agreement.

[NAME OF LENDER]

By:____________________________________

Name:

Title:

Date: ________ __, 20[ ]

 

    	 	 E-2Exhibit 4.17

 

Execution Copy

 

AGREEMENT BETWEEN NOTEHOLDERS

 

Dated as of May 16, 2019

 

by and between

 

DEUTSCHE BANK AG, NEW YORK BRANCH

(Initial Note A-1-A Holder, Initial Note A-1-B Holder, Initial Note A-1-C Holder, Initial Note B-

1-A Holder, Initial Note B-1-B
Holder, Initial Note C-1-A Holder, Initial Note C-1-B Holder and

 Initial Note D-1 Holder)

 

and

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Initial Note A-2-A Holder, Initial Note A-2-B Holder, Initial Note A-2-C Holder, Initial Note B-

2-A Holder, Initial Note B-2-B
Holder, Initial Note C-2-A Holder, Initial Note C-2-B Holder and 

Initial Note D-2 Holder)

 

Newport Corporate Center

 

    

     

    

 

THIS AGREEMENT BETWEEN
NOTEHOLDERS (“Agreement”), dated as of May 16, 2019, by and between DEUTSCHE BANK AG, NEW YORK BRANCH (“DB”
and, together with its successors and assigns in interest, in its capacity as initial owner of Note A-1-A, the “Initial
Note A-1-A Holder”, in its capacity as initial owner of Note A-1-B, the “Initial Note A-1-B Holder”,
and in its capacity as initial owner of Note A-1-C, the “Initial Note A-1-C Holder”), WELLS FARGO BANK, NATIONAL
ASSOCIATION (“Wells Fargo” and, together with its successors and assigns in interest, in its capacity as
initial owner of Note A-2-A, the “Initial Note A-2-A Holder”, in its capacity as initial owner of Note A-2-B,
the “Initial Note A-2-B Holder”, in its capacity as initial owner of Note A-2-C, the “Initial
Note A-2-C Holder”, and in its capacity as the initial agent, the “Initial Agent”), DB and, together
with its successors and assigns in interest, in its capacity as initial owner of Note B-1-A, the “Initial Note B-1-A
Holder”), DB and, together with its successors and assigns in interest, in its capacity as initial owner of Note B-1-B,
the “Initial Note B-1-B Holder”), Wells Fargo and, together with its successors and assigns in interest,
in its capacity as initial owner of Note B-2-A, the “Initial Note B-2-A Holder”), Wells Fargo and, together
with its successors and assigns in interest, in its capacity as initial owner of Note B-2-B, the “Initial Note B-2-B Holder”),
DB and, together with its successors and assigns in interest, in its capacity as initial owner of Note C-1-A, the “Initial
Note C-1-A Holder”), DB and, together with its successors and assigns in interest, in its capacity as initial owner of
Note C-1-B, the “Initial Note C-1-B Holder”), Wells Fargo and, together with its successors and assigns in interest,
in its capacity as initial owner of Note C-2-A, the “Initial Note C-2-A Holder”), Wells Fargo and, together
with its successors and assigns in interest, in its capacity as initial owner of Note C-2-B, the “Initial Note C-2-B Holder”),
DB and, together with its successors and assigns in interest, in its capacity as initial owner of Note D-1, the “Initial
Note D-1 Holder”), and Wells Fargo and, together with its successors and assigns in interest, in its capacity as initial
owner of Note D-2, the “Initial Note D-2 Holder”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to
the Mortgage Loan Agreement (as defined herein), DB and Wells Fargo originated a certain loan described on the schedule attached
hereto as Exhibit A (the “Mortgage Loan Schedule”) (the “Mortgage Loan”) to Preylock
Bellevue, LLC, (the “Mortgage Loan Borrower”), which was evidenced, inter alia, by (i)
one promissory note in the original principal amount of $50,000,000 (“Note A-1-A”) made by the Mortgage Loan
Borrower in favor of the Initial Note A-1-A Holder, (ii) one promissory note in the original principal amount of $30,000,000 (“Note
A-1-B”) made by the Mortgage Loan Borrower in favor of the Initial Note A-1-B Holder, (iii) one promissory note in the
original principal amount of $10,200,000 (“Note A-1-C”) made by the Mortgage Loan Borrower in favor of the
Initial Note A-1-C Holder, (iv) one promissory note in the original principal amount of $33,800,000 (“Note A-2-A”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-2-A Holder, (v) one promissory note in the original principal
amount of $20,000,000 (“Note A-2-B”) made by the Mortgage Loan Borrower in favor of the Initial Note A-2-B
Holder, (vi) one promissory note in the original principal amount of $20,000,000 (“Note A-2-C”) made by the
Mortgage Loan Borrower in favor of the Initial Note A-2-C Holder, (vii) one promissory note in the original principal amount of
$7,150,000 (“Note B-1-A”) made by the Mortgage Loan Borrower in favor of the Initial Note B-1-A Holder, (viii)
one promissory note in the original principal amount of $2,750,000 (“Note B-1-B”) made by the Mortgage Loan
Borrower in favor of the Initial Note B-1-B Holder, (ix) one

 

    

     

    

 

promissory note in the original principal amount of $5,850,000 (“Note B-2-A”) made by the Mortgage
Loan Borrower in favor of the Initial Note B-2-A Holder, (x) one promissory note in the original principal amount of $2,250,000
(“Note B-2-B”) made by the Mortgage Loan Borrower in favor of the Initial Note B-2-B Holder, (xi) one promissory
note in the original principal amount of $22,000,000 (“Note C-1-A”) made by the Mortgage Loan Borrower in favor
of the Initial Note C-1-A Holder, (xii) one promissory note in the original principal amount of $18,700,000 (“Note C-1-B”)
made by the Mortgage Loan Borrower in favor of the Initial Note C-1-B Holder, (xiii) one promissory note in the original principal
amount of $18,000,000 (“Note C-2-A”) made by the Mortgage Loan Borrower in favor of the Initial Note C-2-A Holder,
(xiv) one promissory note in the original principal amount of $15,300,000 (“Note C-2-B”) made by the Mortgage
Loan Borrower in favor of the Initial Note C-2-B Holder, (xv) one promissory note in the original principal amount of $30,800,000
(“Note D-1”) made by the Mortgage Loan Borrower in favor of the Initial Note D-1 Holder, and (xvi) one
promissory note in the original principal amount of $25,200,000 (“Note D-2”, and together with Note A-1-A,
Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B, Note A-2-C, Note B-1-A, Note B-1-B, Note B-2-A, Note B-2-B, Note C-1-A, Note C-1-B,
Note C-2-A, Note C-2-B and Note D-1, the “Notes”) made by the Mortgage Loan Borrower in favor of the Initial
Note D-2 Holder, and secured by a first mortgage (as amended, modified or supplemented, the “Mortgage”) on certain
real property located as described on the Mortgage Loan Schedule (the “Mortgaged Property”); and

 

WHEREAS, the parties
hereto desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall hold
the Notes;

 

NOW, THEREFORE, in consideration
of the mutual covenants herein contained, the parties hereto mutually agree as follows:

 

Section 1.          
Definitions. References to a “Section” or the “recitals” are, unless otherwise specified,
to a Section or the recitals of this Agreement. Capitalized terms not otherwise defined herein shall have the meaning ascribed
thereto in the Servicing Agreement. Whenever used in this Agreement, the following terms shall have the respective meanings set
forth below unless the context clearly requires otherwise.

 

“A Note(s)”
shall mean each Note that has a designation starting with “A”, either individually or in the aggregate as the context
may require.

 

“Acceptable
Insurance Default” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term
used in the Servicing Agreement.

 

“Accrued Additional
Interest” shall have the meaning assigned to such term in the Mortgage Loan Agreement.

 

“Activity”
shall mean any review, analysis, comfort, verification, manipulation, reorganization, restructuring, recompilation, recomposition,
revision or modification of any information or data.

 

“Additional
Data Request” shall have the meaning assigned to such term in Section 2(l).

 

    2

     

    

 

“Additional
Servicing Expenses” shall mean (a) all Property Protection Advances and reasonable out-of-pocket expenses incurred by
and reimbursable to any Servicer, Trustee, certificate administrator or fiscal agent pursuant to the Servicing Agreement relating
solely to the Mortgage Loan, and (b) all interest accrued on Advances made by (x) any Servicer or Trustee in accordance with the
terms of the Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead
Securitization Servicing Agreement; provided that (i) the aggregate special servicing fee (or equivalent) (which fee is
payable solely during the period that the Mortgage Loan is a Specially Serviced Loan) shall not exceed an amount equal to 0.25%
per annum of the outstanding principal balance of the Mortgage Loan, (ii) the special servicing liquidation fee (or equivalent)
shall not exceed 1.0% of the collections made with respect to the Mortgage Loan or any sums received from proceeds from the disposition
of the Mortgaged Property or the Mortgage Loan, as the case may be, (iii) the special servicing workout fee (or equivalent) shall
not exceed 1.0% of the collections made with respect to the Mortgage Loan while the Mortgage Loan is a performing or “corrected”
loan (or such other analogous term pursuant to the Servicing Agreement), (iv) in no event shall both a workout fee and a liquidation
fee be payable on the same principal payment, and (v) any such workout fee or liquidation fees shall be excluded if the A Notes,
the B Notes and the C Notes are purchased within ninety (90) days of the date on which the first Noteholder Purchase Notice was
given by a Subordinate Noteholder.

 

“Advance Interest
Amount” shall mean interest payable on Advances, as specified in the Servicing Agreement or the Non-Lead Securitization
Servicing Agreement, as applicable.

 

“Advances”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement
or the Non-Lead Securitization Servicing Agreement, as applicable (but for purposes hereof shall be limited to Advances in respect
of the Mortgage Loan or the Mortgaged Property).

 

“Affiliate”
shall mean with respect to any specified Person (i) any other Person Controlling or Controlled by or under common Control
with such specified Person (each a “Common Control Party”), (ii) any other Person owning, directly or indirectly,
ten percent (10%) or more of the beneficial interests in such Person or (iii) any other Person in which such Person or a Common
Control Party owns, directly or indirectly, ten percent (10%) or more of the beneficial interests.

 

“Agent”
shall mean the Initial Agent (or an Affiliate of the Initial Agent) or such Person to whom the Initial Agent shall delegate its
duties hereunder, and from and after the Securitization Date shall mean the Certificate Administrator, if any, and if there is
no Certificate Administrator, shall mean the Trustee.

 

“Agent Office”
shall mean the designated office of the Agent in the State of New York, which office at the date of this Agreement is the office
of the Initial Note A-2-A Holder listed on Exhibit B hereto, and which is the address to which notices to and correspondence with
the Agent should be directed. The Agent may change the address of its designated office by notice to the Noteholders.

 

    3

     

    

 

“Agreement”
shall mean this Agreement between Noteholders, the exhibits and schedule hereto and all amendments hereof and supplements hereto.

 

“Anticipated
Repayment Date” shall have the meaning assigned to such term in the Mortgage Loan Agreement.

 

“Applicable
Interest Rate” shall have the meaning assigned to such term in the Mortgage Loan Agreement.

 

“Appraisal”
shall have the meaning assigned to such term in the Servicing Agreement.

 

“Appraisal Reduction
Amount” shall have the meaning assigned to “Appraisal Reduction Amount” in the Servicing Agreement or such
other analogous term used in the Servicing Agreement.

 

“Asset Representations
Reviewer” shall mean the asset representations reviewer appointed pursuant to the Lead Securitization.

 

“Asset Review”
shall mean any review of representations and warranties conducted by the Non-Lead Asset Representations Reviewer, as contemplated
by Item 1101(m) of Regulation AB.

 

“Asset Status
Report” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement.

 

“B Note(s)”
shall mean each Note that has a designation starting with “B”, either individually or in the aggregate as the context
may require.

 

“Balloon Payment”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

 

“Bankruptcy
Code” shall mean the United States Bankruptcy Code, as amended from time to time, any successor statute or rule promulgated
thereto.

 

“Borrower Party”
shall mean the Mortgage Loan Borrower, a manager of the Mortgaged Property, a Restricted Mezzanine Holder or any Borrower Party
Affiliate.

 

“Borrower Party
Affiliate” shall mean, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property, or a Restricted
Mezzanine Holder, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower,
manager or Restricted Mezzanine Holder, as applicable, or (b) any other Person owning, directly or indirectly, 10% or more
of the beneficial interests in such Mortgage Loan Borrower, manager or Restricted Mezzanine Holder. For the purposes of this definition,
“control” when used with respect to any specified Person means the power to direct the management and policies of such
Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling”
and “controlled” have meanings correlative to the foregoing.

 

    4

     

    

 

“Business Day”
shall have the meaning assigned to such term in the Servicing Agreement or the Non-Lead Securitization Servicing Agreement, as
applicable.

 

“C Note(s)”
shall mean each Note that has a designation starting with “C”, either individually or in the aggregate as the context
may require.

 

“CDO Asset Manager”
with respect to any Securitization Vehicle which is a CDO, shall mean the entity which is responsible for managing or administering
the applicable Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any Intervening Trust
Vehicle (including, without limitation, the right to exercise any consent and control rights available to the holder of the applicable
Note).

 

“Certificate
Administrator” shall mean the certificate administrator appointed pursuant to the Lead Securitization Servicing Agreement.

 

“Code”
shall mean the Internal Revenue Code of 1986, as amended.

 

“Collection
Account” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement.

 

“Commission”
means the U.S. Securities and Exchange Commission or any successor thereto.

 

“Companion Distribution
Account” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement.

 

“Conduit”
shall have the meaning assigned to such term in Section 19(f).

 

“Conduit Credit
Enhancer” shall have the meaning assigned to such term in Section 19(f).

 

“Conduit Inventory
Loan” shall have the meaning assigned to such term in Section 19(f).

 

“Control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of an
entity, whether through the ability to exercise voting power, by contract or otherwise.

 

“Control Appraisal
Period” means a Note B Control Appraisal Period, a Note C Control Appraisal Period or a Note D Control Appraisal Period,
as the context may require.

 

“Controlling
Class Representative” shall mean the “Controlling Class Representative”, if any, as defined in the Servicing
Agreement or such other analogous term used in the Servicing Agreement.

 

“Controlling
Noteholder” shall mean as of any date of determination (i) holder or holders of a majority of the D Notes (by Principal
Balance), unless a Note D Control Appraisal Period has occurred and is continuing, (ii) if and for so long as a Note D Control
Appraisal Period

 

    5

     

    

 

has occurred and is continuing and no Note C Control Appraisal Period has occurred and is continuing, the holder
or holders of a majority of the C Notes (by Principal Balance), (iii) if and for so long as a Note C Control Appraisal Period has
occurred and is continuing and no Note B Control Appraisal Period has occurred and is continuing, the holder or holders of a majority
of the B Notes (by Principal Balance), and (iv) if and for so long as a Note B Control Appraisal Period has occurred and is continuing,
the Note A-2-A Holder; provided that at any time the Note A-2-A Holder is the Controlling Noteholder and Note A-2-A is included
in the Note A-2-A Securitization, references to the “Controlling Noteholder” herein shall mean the Controlling Class
Representative or any other party assigned the rights to exercise the rights of the “Controlling Noteholder” hereunder,
as and to the extent provided in the Servicing Agreement; and provided  further that, if the Note B Holders, the Note C Holders
or the Note D Holders would be the Controlling Noteholder pursuant to the terms hereof, but any interest in any B Note, or any
C Note, or any D Note, as applicable, is held by a Borrower Party, or a Borrower Party would otherwise be entitled to exercise
the rights of the Controlling Noteholder in respect of any B Note, C Note or D Note, as applicable, then a Note B Control Appraisal
Period, a Note C Control Appraisal Period or a Note D Control Appraisal Period, respectively, shall be deemed to have occurred.
The holder of a majority of Note D is the Controlling Noteholder as of the date of this Agreement.

 

“Cure Period”
shall have the meaning assigned to such term in Section 11(a).

 

“Custodian”
shall have the meaning assigned to such term in the Servicing Agreement.

 

“D Note(s)”
shall mean each Note that has a designation starting with “D”, either individually or in the aggregate as the context
may require.

 

“DBRS”
shall mean DBRS, Inc., and its successors in interest.

 

“Defaulted Mortgage
Loan Purchase Price” shall mean:

 

(i) in connection with
the purchase of the A Notes by the Note B Holders, the Note C Holders or the Note D Holders, the sum, without duplication, of each
of the following to the extent that such amounts have not been previously paid or reimbursed pursuant to Section 3 or Section
4 of this Agreement:

 

(a) the Note A Principal
Balance of, (b) accrued and unpaid interest, on each of the Note A-1-A Principal Balance, the Note A-1-B Principal Balance,
the Note A-1-C Principal Balance, the Note A-2-A Principal Balance, the Note A-2-B Principal Balance and the Note A-2-C Principal
Balance at the Note A Rate from the date as to which interest was last paid in full by Mortgage Loan Borrower up to and including
the end of the interest accrual period relating to the Monthly Payment Date next following the date the purchase occurred and any
accrued and unpaid Accrued Additional Interest on Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B and Note A-2-C, (c)
any other amounts due under the Mortgage Loan to the Note A Holders, other than Prepayment Premiums, default interest, late fees,
exit fees and any other similar fees, provided that if a Borrower Party is the purchaser, the Defaulted Mortgage Loan Purchase
Price shall include Prepayment Premiums, default interest, late fees, exit fees and any other similar fees, (d) without duplication
of amounts under clause (c), any unreimbursed Advances and any expenses incurred

 

    6

     

    

 

in enforcing the Mortgage Loan Documents
(including, without limitation, Property Protection Advances payable or reimbursable to any Servicer, and special servicing fees
incurred by or on behalf of the Note A Holders), (e) without duplication of amounts under clause (c), any accrued and
unpaid Advance Interest Amount with respect to an Advance made by or on behalf of the Note A Holders, (f) (x) if a Borrower Party
is the purchaser or (y) if the Mortgage Loan is purchased more than ninety (90) days after such option first becomes exercisable
pursuant to Section 12 of this Agreement, any liquidation or workout fees payable under the Servicing Agreement with respect
to the Mortgage Loan or (z) if the Mortgage Loan is purchased more than 120 days after such option first becomes exercisable pursuant
to Section 12 of this Agreement, any default interest on each of the Note A-1-A Principal Balance, the Note A-1-B Principal
Balance, the Note A-1-C Principal Balance, the Note A-2-A Principal Balance, the Note A-2-B Principal Balance and the Note A-2-C
Principal Balance at the Note A Default Rate from the date as to which interest was last paid in full by Mortgage Loan Borrower
and (g) any Recovered Costs not reimbursed previously to the Note A Holders pursuant to this Agreement. Notwithstanding the
foregoing, if the purchasing Noteholder is purchasing from a Borrower Party, the Defaulted Mortgage Loan Purchase Price shall not
include the amounts described under clauses (i)(d) through (f) of this definition. If the Mortgage Loan is converted
into a Foreclosure Property, for purposes of determining the Defaulted Mortgage Loan Purchase Price, interest will be deemed to
continue to accrue on each A Note at the Note A Default Rate as if the Mortgage Loan were not so converted. In no event shall the
Defaulted Mortgage Loan Purchase Price include amounts due or payable to the Purchasing Noteholder under this Agreement; and

 

(ii) in connection with
the purchase of the B Notes by the Note C Holders or the Note D Holders, the sum, without duplication, of each of the following
to the extent that such amounts have not been previously paid or reimbursed pursuant to Section 3 or Section 4 of
this Agreement:

 

(a) the aggregate
Principal Balance of the B Notes, (b) accrued and unpaid interest on each of the Note B-1-A Principal Balance, Note B-1-B
Principal Balance, Note B-2-A Principal Balance and the Note B-2-B Principal Balance at the Note B Rate from the date as to which
interest was last paid in full by Mortgage Loan Borrower up to and including the end of the interest accrual period relating to
the Monthly Payment Date next following the date the purchase occurred and any accrued and unpaid Accrued Additional Interest on
each respective B Note, (c) any other amounts due under the Mortgage Loan to the Note B Holders, other than Prepayment Premiums,
default interest, late fees, exit fees and any other similar fees, provided that if a Borrower Party is the purchaser, the
Defaulted Mortgage Loan Purchase Price shall include Prepayment Premiums, default interest, late fees, exit fees and any other
similar fees, (d) without duplication of amounts under clause (c), any accrued and unpaid Advance Interest Amount
with respect to an Advance made by or on behalf of any Note B Holder, (e) (x) if a Borrower Party is the purchaser or (y) if the
Mortgage Loan is purchased after ninety (90) days after such option first becomes exercisable pursuant to Section 12 of
this Agreement, any liquidation or workout fees payable under the Servicing Agreement with respect to the Mortgage Loan or (z)
if the Mortgage Loan is purchased more than 120 days after such option first becomes exercisable pursuant to Section 12
of this Agreement, any default interest on each of the Note B-1-A Principal Balance, Note B-1-B Principal Balance, Note B-2-A Principal
Balance and the Note B-2-B Principal Balance at the Note B Default Rate from the date as to which interest was last paid in full
by Mortgage Loan Borrower, and (f) any Recovered Costs not reimbursed previously to a Note B Holder pursuant to this

 

    7

     

    

 

Agreement.
Notwithstanding the foregoing, if the purchasing Noteholder is purchasing from a Borrower Party, the Defaulted Mortgage Loan Purchase
Price shall not include the amounts described under clauses (ii)(c) through (f) of this definition. If the Mortgage
Loan is converted into a Foreclosure Property, for purposes of determining the Defaulted Mortgage Loan Purchase Price, interest
will be deemed to continue to accrue on each B Note at the Note B Default Rate as if the Mortgage Loan were not so converted. In
no event shall the Defaulted Mortgage Loan Purchase Price include amounts due or payable to the Purchasing Noteholder under this
Agreement; and

 

(iii) in connection with
the purchase of the C Notes by the Note D Holders, the sum, without duplication, of each of the following to the extent that such
amounts have not been previously paid or reimbursed pursuant to Section 3 or Section 4 of this Agreement:

 

(a)  the
aggregate Principal Balance of the C Notes, (b) accrued and unpaid interest on each of the Note C-1-A Principal Balance,
Note C-1-B Principal Balance, Note C-2-A Principal Balance and the Note C-2-B Principal Balance at the Note C Rate from the
date as to which interest was last paid in full by Mortgage Loan Borrower up to and including the end of the interest accrual
period relating to the Monthly Payment Date next following the date the purchase occurred and any accrued and unpaid Accrued
Additional Interest on each respective C Note, (c) any other amounts due under the Mortgage Loan to the Note C Holders, other
than Prepayment Premiums, default interest, late fees, exit fees and any other similar fees, provided that if a
Borrower Party is the purchaser, the Defaulted Mortgage Loan Purchase Price shall include Prepayment Premiums, default
interest, late fees, exit fees and any other similar fees, (d) without duplication of amounts under clause
(c), any accrued and unpaid Advance Interest Amount with respect to an Advance made by or on behalf of any Note C
Holder, (e) (x) if a Borrower Party is the purchaser or (y) if the Mortgage Loan is purchased after ninety (90) days after
such option first becomes exercisable pursuant to Section 12 of this Agreement, any liquidation or workout fees
payable under the Servicing Agreement with respect to the Mortgage Loan or (z) if the Mortgage Loan is purchased more than
120 days after such option first becomes exercisable pursuant to Section 12 of this Agreement, any default interest on
each of the Note C-1-A Principal Balance, Note C-1-B Principal Balance, Note C-2-A Principal Balance and the Note C-2-B
Principal Balance at the Note C Default Rate from the date as to which interest was last paid in full by Mortgage Loan
Borrower, and (f) any Recovered Costs not reimbursed previously to a Note C Holder pursuant to this
Agreement. Notwithstanding the foregoing, if the purchasing Noteholder is purchasing from a Borrower Party Borrower Party,
the Defaulted Mortgage Loan Purchase Price shall not include the amounts described under clauses (iii)(c) through (f)
of this definition. If the Mortgage Loan is converted into a Foreclosure Property, for purposes of determining the Defaulted
Mortgage Loan Purchase Price, interest will be deemed to continue to accrue on each C Note at the Note C Default Rate as if
the Mortgage Loan were not so converted. In no event shall the Defaulted Mortgage Loan Purchase Price include amounts due or
payable to the Purchasing Noteholder under this Agreement.

 

“Defaulted Note
Purchase Date” shall have the meaning assigned to such term in Section 12.

 

“Default Interest”
shall mean interest on the Mortgage Loan at a rate per annum equal to the Note Default Interest Spread.

 

    8

     

    

 

“Depositor”
shall mean the depositor under the Lead Securitization.

 

“EU Reporting
Administrator” shall have the meaning assigned to such term in Section 2(l).

 

“EU Reporting
Indemnified Party” shall have the meaning assigned to such term in Section 2(l).

 

“EU Reporting
Liability” shall have the meaning assigned to such term in Section 2(l).

 

“EU Reporting
Obligations” shall have the meaning assigned to such term in Section 2(l).

 

“EU Retention
Rules” shall mean the European Union legislation comprising Regulation (EU) 2017/2402.

 

“EU Transparency
Designee” shall have the meaning assigned to such term in Section 2(l).

 

“Event of Default”
shall mean, with respect to the Mortgage Loan, an “Event of Default” as defined in the Mortgage Loan Documents.

 

“Exchange Act”
shall mean the Securities Exchange Act of 1934, as amended.

 

“Final Recovery
Determination” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used
in the Servicing Agreement.

 

“Fitch”
shall mean Fitch Ratings, Inc., and its successors in interest.

 

“Foreclosure
Property” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement.

 

“Independent”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

 

“Initial Agent”
shall have the meaning assigned to such term in the recitals.

 

“Initial Note
A Holders” shall mean, collectively, the Initial Note A-1-A Holder, the Initial Note A-1-B Holder, the Initial Note A-1-C
Holder, the Initial Note A-2-A Holder, the Initial Note A-2-B Holder and the Initial Note A-2-C Holder.

 

“Initial Note
A-1-A Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
A-1-A Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

    9

     

    

 

“Initial Note
A-1-B Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
A-1-B Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
A-1-C Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
A-1-C Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
A-2-A Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
A-2-A Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
A-2-B Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
A-2-B Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
A-2-C Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
A-2-C Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
B Holders” shall mean, collectively, the Initial Note B-1-A Holder, the Initial Note B-1-B Holder, the Initial Note B-2-A
Holder and the Initial Note B-2-B Holder.

 

“Initial Note
B-1-A Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
B-1-A Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
B-1-B Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
B-1-B Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
B-2-A Holder” shall have the meaning assigned to such term in the recitals.

 

    10

     

    

 

“Initial Note
B-2-A Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
B-2-B Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
B-2-B Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
C Holders” shall mean, collectively, the Initial Note C-1-A Holder, the Initial Note C-1-B Holder, the Initial Note C-2-A
Holder and the Initial Note C-2-B Holder.

 

“Initial Note
C-1-A Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
C-1-A Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
C-1-B Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
C-1-B Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
C-2-A Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
C-2-A Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
C-2-B Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
C-2-B Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note D
Holders shall mean, collectively, the Initial Note D-1 Holder and the Initial Note D-2 Holder.

 

“Initial Note
D-1 Holder” shall have the meaning assigned to such term in the recitals.

 

“Initial Note
D-1 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Note
D-2 Holder” shall have the meaning assigned to such term in the recitals.

 

    11

     

    

 

“Initial Note
D-2 Principal Balance” shall have the meaning assigned to such term in the Mortgage Loan Schedule.

 

“Initial Noteholders”
shall mean, collectively, the Initial Note A Holders, the Initial Note B Holders, the Initial Note C Holders and the Initial Note
D Holders.

 

“Insolvency
Proceeding” shall mean any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et seq.) or any other
insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan Borrower, any action for the dissolution
of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the application of the assets of the Mortgage
Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of a trustee, receiver
or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or any other action concerning
the adjustment of the debts of the Mortgage Loan Borrower, the cessation of business by the Mortgage Loan Borrower, except following
a sale, transfer or other disposition of all or substantially all of the assets of the Mortgage Loan Borrower in a transaction
permitted under the Mortgage Loan Documents; provided, however, that following any such permitted transaction affecting
the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes of this Agreement shall be defined to mean the successor
owner of the Mortgaged Property from time to time as may be permitted pursuant to the Mortgage Loan Documents; provided,
further, however, that for the purposes of this definition, in the event that more than one entity comprises the
Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall refer to any such entity.

 

“Insurance and
Condemnation Proceeds” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous
term used in the Servicing Agreement.

 

“Intervening
Trust Vehicle” with respect to any Securitization Vehicle that is a CDO, shall mean a trust vehicle or entity which holds
the applicable Note as collateral securing (in whole or in part) any obligation or security held by such Securitization Vehicle
as collateral for the CDO.

 

“KBRA”
shall mean Kroll Bond Rating Agency, Inc., or its successor in interest.

 

“Lead Securitization”
shall mean (a) during the period from and after the Securitization Date and prior to the Note A-2-A Securitization Date, the
related first Note or portion thereof contributed to a Securitization, and (b) on and after the Note A-2-A Securitization
Date, the Note A-2-A Securitization.

 

“Lead Securitization
Date” shall mean the closing date of the Lead Securitization.

 

“Lead Securitization
Note” shall mean (a) during the period from and after the first Securitization Date and prior to the Note A-2-A
Securitization Date, the related first Note or portion thereof contributed to a Securitization, and (b) on and after the Note
A-2-A Securitization Date, Note A-2-A; provided that if more than one Note is deposited into the Lead Securitization, then
all such Notes shall collectively constitute the “Lead Note” so long as all such Notes remain such Securitization.

 

    12

     

    

 

“Lead Securitization
Noteholder” shall mean the Holder of the Lead Securitization Note.

 

“Lead Securitization
Servicing Agreement” shall mean the (i) during the period from and after the first Securitization Date and prior
to the Note A-2-A Securitization Date, the related pooling and servicing agreement for the Securitization of the first Note or
portion thereof, and (ii) on and after the Note A-2-A Securitization Date, Note A-2-A PSA.

 

“Lead Securitization
Trust” shall mean the Securitization Trust created in connection with the Lead Securitization.

 

“Lender”
shall have the meaning assigned to such term in the Mortgage Loan Agreement.

 

“Liquidation
Proceeds” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in
the Servicing Agreement.

 

“Major Decisions”
shall mean:

 

(i)       
any proposed or actual foreclosure upon or comparable conversion (which shall include acquisitions of any Foreclosure Property)
of the ownership of the property or properties securing the Mortgage Loan if it comes into and continues in default;

 

(ii)      
any modification, consent to a modification or waiver of any monetary term (other than the waiver or reduction of late fees
and default interest) or material non-monetary term (including, without limitation, the timing of payments and acceptance of discounted
payoffs) of the Mortgage Loan Documents or any extension of the maturity date of the Mortgage Loan;

 

(iii)     
following a default or an Event of Default with respect to the Mortgage Loan Documents, any exercise of remedies, including
the acceleration of the Mortgage Loan or initiation of any proceedings, judicial or otherwise, under the related Mortgage Loan
Documents;

 

(iv)     
any sale of the Mortgage Loan (when it is a Specially Serviced Loan) or Foreclosure Property for less than the applicable
Purchase Price (as defined in the Servicing Agreement);

 

(v)     
any determination to bring the Mortgaged Property or a Foreclosure Property into compliance with applicable environmental
laws or to otherwise address any Hazardous Materials (as defined in the Servicing Agreement) located at the Mortgaged Property
or a Foreclosure Property;

 

(vi)     
any release of collateral or any acceptance of substitute or additional collateral for the Mortgage Loan or any consent
to either of the foregoing, other than if required pursuant to the specific terms of the related Mortgage Loan Documents and for
which there is no lender discretion;

 

    13

     

    

 

(vii)    
any waiver of or any determination not to enforce a “due-on-sale” or “due-on-encumbrance” clause
with respect to the Mortgage Loan or any consent to such a waiver or any consent to a transfer of all or any portion of the Mortgaged
Property or of any direct or indirect legal or beneficial interests in the Mortgage Loan Borrower;

 

(viii)   
any incurrence of additional debt by the Mortgage Loan Borrower or any mezzanine financing by any direct or indirect beneficial
owner of the Mortgage Loan Borrower (to the extent that the Lender has consent rights pursuant to the related Mortgage Loan Documents);

 

(ix)     
any material modification, waiver or amendment of an intercreditor agreement, co-lender agreement, participation agreement
or other similar agreement with any mezzanine lender or subordinate debt holder related to the Mortgage Loan, or any action to
enforce rights (or any decision not to enforce rights) with respect thereto;

 

(x)      
any property management company changes, including, without limitation, approval of a new property manager or the termination
of a manager and appointment of a new property manager or franchise changes, and any new management agreement or amendment, modification
or termination of any management agreement (in each case, if the Lender is required to consent or approve such changes under the
Mortgage Loan Documents);

 

(xi)       any
releases of any material amounts from any escrow accounts, reserve funds or letters of credit, in each case, held as performance
escrows or reserves, other than those required pursuant to the specific terms of the related Mortgage Loan Documents and for which
there is no lender discretion;

 

(xii)    
any approval or disapproval of a proposed assumption of the Mortgage Loan, and any approval of the related documentation,
in each case pursuant to Section 7.1 of the Mortgage Loan Agreement;

 

(xiii)   
any determination of an Acceptable Insurance Default;

 

(xiv)   
any determination by the Master Servicer to transfer the Mortgage Loan to the Special Servicer under the circumstances where
the Master Servicer determines, in its reasonable business judgment, exercised in accordance with the Servicing Standard, that
a default consisting of a failure to make a payment of principal or interest is reasonably foreseeable or there is a significant
risk of such default or any other default that is likely to impair the use or marketability of the Mortgaged Properties or such
other analogous event described in the definition of Servicing Transfer Event;

 

(xv)    
the execution, termination or renewal of any lease, to the extent lender approval is required under the Loan Documents and
to the extent such lease constitutes a “major lease” as defined in the Loan Documents, including entering into any
subordination, non-disturbance and attornment agreement;

 

    14

     

    

 

(xvi)    
any adoption or implementation of a budget submitted by the Mortgage Loan Borrower to the extent lender approval is required
under the Mortgage Loan Documents;

 

(xvii)   
the voting on any plan of reorganization, restructuring or similar plan in the bankruptcy of the Mortgage Loan Borrower;

 

(xviii) 
the release of a guarantor under the Mortgage Loan Documents or the approval of any replacement or additional guarantor
under the Mortgage Loan Documents;

 

(xix)      the approval of any property improvement plans or other material alterations proposed for the Mortgaged Property;

 

(xx)     
subject to the REMIC provisions of the Code, any determination regarding the application of casualty or condemnation proceeds
to restoration of the Mortgaged Property or to repayment of the Mortgage Loan;

 

(xxi)    
any proposed modification or waiver of the insurance requirements set forth in the Mortgage Loan Documents, other than pursuant
to the specific terms of such Mortgage Loan Documents and for which there is no lender discretion; or

 

(xxii)     any filing of a bankruptcy or similar action against the Mortgage Loan Borrower or guarantor or the election of any action
in a bankruptcy or Insolvency Proceeding to seek relief from the automatic stay or dismissal of a bankruptcy filing or voting for
or opposing a plan of reorganization, seeking or opposing an order for adequate protection, adequate assurance, a § 363 sale,
order shortening time or similar motion of procedure in an Insolvency Proceeding or making an § 1111(b)(2) election on behalf
of the Noteholders;

 

provided, however
that upon the occurrence and during the continuance of a Note B Control Appraisal Period, “Major Decision” shall
have the meaning given to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

 

“Master Servicer”
shall mean the master servicer appointed pursuant to the Servicing Agreement.

 

“Maximum Legal
Rate” shall have the meaning assigned to such term in the Mortgage Loan Agreement.

 

“Monetary Default”
shall have the meaning assigned to such term in Section 11(a).

 

“Monetary Default
Notice” shall have the meaning assigned to such term in Section 11(a).

 

“Monthly Payment
Date” shall have the meaning assigned to such term in the Mortgage Loan Agreement.

 

    15

     

    

 

“Moody’s”
shall mean Moody’s Investors Service, Inc., and its successors in interest.

 

“Morningstar”
shall mean Morningstar Credit Ratings, LLC, or any successor in interest.

 

“Mortgage”
shall have the meaning assigned to such term in the recitals.

 

“Mortgaged Property”
shall have the meaning assigned to such term in the recitals.

 

“Mortgage Loan”
shall have the meaning assigned to such term in the recitals.

 

“Mortgage Loan
Agreement” shall mean the Loan Agreement, dated as of April 10, 2019, as amended by that certain Omnibus Amendment and
Note Severance and Splitter Agreement dated as of May 15, 2019, between the Mortgage Loan Borrower and Lender, as the same may
be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

 

“Mortgage Loan
Borrower” shall have the meaning assigned to such term in the recitals.

 

“Mortgage Loan
Borrower Related Party” shall have the meaning assigned to such term in Section 18.

 

“Mortgage Loan
Documents” shall mean, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes and all
other documents now or hereafter evidencing and securing the Mortgage Loan.

 

“Mortgage Loan
Rate” shall mean, as of any date of determination, the weighted average of the Note A Rate, the Note B Rate, the Note
C Rate and the Note D Rate.

 

“Mortgage Loan
Schedule” shall mean the Schedule attached hereto as Exhibit A.

 

“Mortgage Loan
Seller Sub-Servicer” shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

 

“Net Note A
Rate” shall mean the Note A Rate minus the applicable Servicing Fee Rate.

 

“Net Note B
Rate” shall mean the Note B Rate minus the applicable Servicing Fee Rate.

 

“Net Note C
Rate” shall mean the Note C Rate minus the applicable Servicing Fee Rate.

 

“Net Note D
Rate” shall mean the Note D Rate minus the applicable Servicing Fee Rate.

 

“Non-Controlling
A Noteholder” shall mean a Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A Holder, the
Note A-2-B Holder or the Note A-2-C Holder that is not the Controlling Noteholder.

 

    16

     

    

 

“Non-Controlling
Note” shall mean the respective Note held by a Non-Controlling Noteholder.

 

“Non-Controlling
Noteholder” shall mean a Noteholder that is not the Controlling Noteholder; provided that, if at any time a Non-Controlling
Note (or, at any time a Non-Controlling Note is included in a Securitization, the Non-Lead Securitization Subordinate Class Representative)
is held by a Borrower Party, no Person shall be entitled to exercise the rights of such Non-Controlling Noteholder with respect
to such Non-Controlling Note.

 

“Non-Exempt
Person” shall mean any Person other than a Person who is either (i) a U.S. Person or (ii) has on file with the Agent
for the relevant year such duly-executed form(s) or statement(s) which may, from time to time, be prescribed by law and which,
pursuant to applicable provisions of (A) any income tax treaty between the United States and the country of residence of such Person,
(B) the Code or (C) any applicable rules or regulations in effect under clauses (A) or (B) above, permit the Servicer
on behalf of the Noteholders to make such payments free of any obligation or liability for withholding.

 

“Non-Lead Asset
Representations Reviewer” shall mean the party acting as “asset representations reviewer” (within the meaning
of Item 1101(m) of Regulation AB) under a Non-Lead Securitization Servicing Agreement.

 

“Non-Lead Certificate
Administrator” shall mean the certificate administrator or such other analogous term under a Non-Lead Securitization
Servicing Agreement.

 

“Non-Lead Depositor”
shall mean the “depositor” under a Non-Lead Securitization Servicing Agreement.

 

“Non-Lead Master
Servicer” shall mean the applicable “master servicer” under a Non-Lead Securitization Servicing Agreement.

 

“Non-Lead Note”
shall mean each Note other than the Lead Securitization Note.

 

“Non-Lead Noteholder”
shall mean each Noteholder other than the Lead Securitization Noteholder.

 

“Non-Lead Operating
Advisor” shall mean the trust advisor, operating advisor or such other analogous term under a Non-Lead Securitization
Servicing Agreement.

 

“Non-Lead Securitization”
shall mean any Securitization other than the Lead Securitization.

 

“Non-Lead Securitization
Date” shall mean the closing date of a Non-Lead Securitization.

 

“Non-Lead Securitization
Determination Date” shall mean the “determination date” (or any term substantially similar thereto) as defined
in a Non-Lead Securitization Servicing Agreement.

 

    17

     

    

 

“Non-Lead Securitization
Note” shall mean each of Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B and Note A-2-C other than the Lead
Securitization Note.

 

“Non-Lead Securitization
Noteholder” shall mean each Note A Holder other than the Lead Securitization Noteholder.

 

“Non-Lead Securitization
Servicing Agreement” shall mean from and after the date a Non-Lead Securitization Note is included in a Non-Lead Securitization,
the pooling and servicing agreement entered into in connection with such Non-Lead Securitization.

 

“Non-Lead Securitization
Subordinate Class Representative” shall mean the holders of the majority of the class of securities issued in a Non-Lead
Securitization designated as the “controlling class” pursuant to the related Non-Lead Securitization Servicing Agreement
or their duly appointed representative.

 

“Non-Lead Securitization
Trust” shall mean each Securitization Trust other than the Lead Securitization Trust.

 

“Non-Lead Servicer”
shall mean the Non-Lead Master Servicer or the Non-Lead Special Servicer, as the context may require.

 

“Non-Lead Special
Servicer” shall mean the applicable “special servicer” under a Non-Lead Securitization Servicing Agreement.

 

“Non-Lead Sponsor”
shall mean the then-current Non-Lead Securitization Noteholder (immediately prior to the related Non-Lead Securitization) in its
capacity as the sponsor with respect to the related Non-Lead Securitization Note in connection with such Non-Lead Securitization.

 

“Non-Lead Trustee”
shall mean the applicable “trustee” under a Non-Lead Securitization Servicing Agreement.

 

“Non-Monetary
Default” shall have the meaning assigned to such term in Section 11(d).

 

“Non-Monetary
Default Cure Period” shall have the meaning assigned to such term in Section 11(d).

 

“Non-Monetary
Default Notice” shall have the meaning assigned to such term in Section 11(d).

 

“Nonrecoverable
Advance” shall have the meaning assigned to the term “Nonrecoverable Advance” in the Servicing Agreement
or such other analogous term used in the Servicing Agreement.

 

“Nonrecoverable
Property Protection Advance” shall have the meaning assigned to the term “Nonrecoverable Servicing Advance”
in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

 

    18

     

    

 

“Note”
shall mean each A Note, B Note, C Note and D Note.

 

“Note A Default
Rate” shall mean a rate per annum equal to the Applicable Interest Rate applicable to the A Notes plus the Note
Default Interest Spread.

 

“Note A Holders”
shall mean the Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A Holder, the Note A-2-B Holder and
the Note A-2-C Holder.

 

“Note A Percentage
Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A Principal Balance, and
the denominator of which is the sum of the Note A Principal Balance, the Note B Principal Balance, the Note C Principal Balance
and the Note D Principal Balance.

 

“Note A Principal
Balance” shall mean, at any time of determination, the sum of the Note A-1-A Principal Balance, the Note A-1-B Principal
Balance, the Note A-1-C Principal Balance, the Note A-2-A Principal Balance, the Note A-2-B Principal Balance and the Note A-2-C
Principal Balance.

 

“Note A Rate”
shall mean the Note A Rate set forth on the Mortgage Loan Schedule.

 

“Note A Relative
Spread” shall mean the ratio of the Note A Rate to the Mortgage Loan Rate.

 

“Note A-1-A”
shall have the meaning assigned to such term in the recitals.

 

“Note A-1-A
Holder” shall mean the Initial Note A-1-A Holder, or any subsequent holder of Note A-1-A, together with its successors
and assigns.

 

“Note A-1-A
Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-1-A
Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1-A Holder
or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

“Note A-1-A
PSA” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of Note
A-1-A.

 

“Note A-1-A
Securitization” shall mean the sale by the Note A-1-A Holder of all of such Note (or the first securitization of any
portion of such Note, if applicable) to the Depositor, who will in turn include such portion of such Note as part of a securitization
of one or more mortgage loans.

 

“Note A-1-A
Securitization Date” shall mean the effective date on which the Securitization of Note A-1-A or portion thereof is consummated.

 

“Note A-1-A
Securitization Trust” shall mean a trust formed pursuant to the Note A-1-A Securitization pursuant to which Note
A-1-A is held.

 

    19

     

    

  

“Note A-1-B”
shall have the meaning assigned to such term in the recitals.

 

“Note A-1-B
Holder” shall mean the Initial Note A-1-B Holder, or any subsequent holder of Note A-1-B, together with its successors
and assigns.

 

“Note A-1-B
Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-1-B
Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1-B Holder
or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

“Note A-1-B
PSA” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of Note
A-1-B.

 

“Note A-1-B
Securitization” shall mean the sale by the Note A-1-B Holder of all of such Note (or the first securitization of any
portion of such Note, if applicable) to the applicable depositor, who will in turn include such portion of such Note as part of
a securitization of one or more mortgage loans.

 

“Note A-1-B
Securitization Trust” shall mean a trust formed pursuant to the Note A-1-B Securitization pursuant to which Note
A-1-B is held.

 

“Note A-1-C”
shall have the meaning assigned to such term in the recitals.

 

“Note A-1-C
Holder” shall mean the Initial Note A-1-C Holder, or any subsequent holder of Note A-1-C, together with its successors
and assigns.

 

“Note A-1-C
Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-1-C
Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1-C Holder
or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

“Note A-1-C
PSA” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of Note
A-1-C.

 

“Note A-1-C
Securitization” shall mean the sale by the Note A-1-C Holder of all of such Note (or the first securitization of any
portion of such Note, if applicable) to the applicable depositor, who will in turn include such portion of such Note as part of
a securitization of one or more mortgage loans.

 

“Note A-1-C
Securitization Trust” shall mean a trust formed pursuant to the Note A-1-C Securitization pursuant to which Note
A-1-C is held.

 

“Note A-2-A”
shall have the meaning assigned to such term in the recitals.

 

“Note A-2-A
Holder” shall mean the Initial Note A-2-A Holder, or any subsequent holder of Note A-2-A, together with its successors
and assigns.

 

    20

     

    

 

“Note A-2-A
Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-2-A
Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-2-A Holder
or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

“Note A-2-A
PSA” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of Note
A-2-A.

 

“Note A-2-A
Securitization” shall mean the sale by the Note A-2-A Holder of all of such Note (or the first securitization of any
portion of such Note, if applicable) to the applicable depositor, who will in turn include such portion of such Note as part of
a securitization of one or more mortgage loans.

 

“Note A-2-A
Securitization Trust” shall mean a trust formed pursuant to Note A-2-A Securitization pursuant to which Note A-2-A
is held.

 

“Note A-2-B”
shall have the meaning assigned to such term in the recitals.

 

“Note A-2-B
Holder” shall mean the Initial Note A-2-B Holder, or any subsequent holder of Note A-2-B, together with its successors
and assigns.

 

“Note A-2-B
Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-2-B
Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-2-B Holder
or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

“Note A-2-B
PSA” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of Note
A-2-B.

 

“Note A-2-B
Securitization” shall mean the sale by the Note A-2-B Holder of all of such Note (or the first securitization of any
portion of such Note, if applicable) to the applicable depositor, who will in turn include such portion of such Note as part of
a securitization of one or more mortgage loans.

 

“Note A-2-B
Securitization Trust” shall mean a trust formed pursuant to Note A-2-B Securitization pursuant to which Note A-2-B
is held.

 

“Note A-2-C”
shall have the meaning assigned to such term in the recitals.

 

“Note A-2-C
Holder” shall mean the Initial Note A-2-C Holder, or any subsequent holder of Note A-2-C, together with its successors
and assigns.

 

“Note A-2-C
Principal Balance” shall mean, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-2-C
Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-2-C Holder
or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

 

    21

     

    

 

“Note A-2-C
PSA” shall mean the pooling and servicing agreement to be entered into in connection with the Securitization of Note
A-2-C.

 

“Note A-2-C
Securitization” shall mean the sale by the Note A-2-C Holder of all of such Note (or the first securitization of any
portion of such Note, if applicable) to the applicable depositor, who will in turn include such portion of such Note as part of
a securitization of one or more mortgage loans.

 

“Note A-2-C
Securitization Trust” shall mean a trust formed pursuant to Note A-2-C Securitization pursuant to which Note A-2-C
is held.

 

“Note B Control
Appraisal Period” shall mean any period with respect to the Mortgage Loan, if and for so long as:

 

(a)          
(1) the sum of the Initial Note B-1-A Principal Balance, the Initial Note B-1-B Principal Balance, the Initial Note B-2-A
Principal Balance and the Initial Note B-2-B Principal Balance, minus (2) the sum (without duplication) of (x) any payments of
principal (whether as principal prepayments or otherwise) allocated to, and received on, the B Notes after the date of creation
of the B Notes, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated to the B Notes, and (z) any
losses realized with respect to the Mortgaged Property or the Mortgage Loan that are allocated to the B Notes, is less than

 

(b)          
25% of the remainder of (i) the sum of the Initial Note B-1-A Principal Balance, the Initial Note B-1-B Principal Balance,
the Initial Note B-2-A Principal Balance and the Initial Note B-2-B Principal Balance less (ii) any payments of principal (whether
as principal prepayments or otherwise) allocated to, and received by, the Note B Holders on the B Notes, after the date of creation
of the B Notes,

 

provided that a Note
B Control Appraisal Period shall terminate upon the occurrence of a Threshold Event Cure by the Note B Holders.

 

“Note B Default
Rate” shall mean a rate per annum equal to the Applicable Interest Rate applicable to the B Notes plus the Note
Default Interest Spread.

 

“Note B Holders”
shall mean the Note B-1-A Holder, the Note B-1-B Holder, the Note B-2-A Holder and the Note B-2-B Holder.

 

“Note B Percentage
Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note B Principal Balance, and
the denominator of which is the sum of the Note A Principal Balance, the Note B Principal Balance, the Note C Principal Balance
and the Note D Principal Balance.

 

“Note B Principal
Balance” shall mean, at any time of determination, the sum of the Note B-1-A Principal Balance, the Note B-1-B Principal
Balance, the Note B-2-A Principal Balance and the Note B-2-B Principal Balance.

 

“Note B Rate”
shall mean the Note B Rate set forth on the Mortgage Loan Schedule.

 

    22

     

    

 

“Note B Relative
Spread” shall mean the ratio of the Note B Rate to the Mortgage Loan Rate.

 

“Note B-1-A”
shall have the meaning assigned to such term in the recitals.

 

“Note B-1-A
Holder” shall mean the Initial Note B-1-A Holder, and any successor in interest, or any subsequent holder of Note B-1-A.

 

“Note B-1-A
Principal Balance” shall mean, at any time of determination, the Initial Note B-1-A Principal Balance set forth on the
Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4
or 5, as applicable.

 

“Note B-1-B”
shall have the meaning assigned to such term in the recitals.

 

“Note B-1-B
Holder” shall mean the Initial Note B-1-B Holder, and any successor in interest, or any subsequent holder of Note B-1-B.

 

“Note B-1-B
Principal Balance” shall mean, at any time of determination, the Initial Note B-1-B Principal Balance set forth on the
Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4
or 5, as applicable.

 

“Note B-2-A”
shall have the meaning assigned to such term in the recitals.

 

“Note B-2-A
Holder” shall mean the Initial Note B-2-A Holder, and any successor in interest, or any subsequent holder of Note B-2-A.

 

“Note B-2-A
Principal Balance” shall mean, at any time of determination, the Initial Note B-2-A Principal Balance set forth on the
Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4
or 5, as applicable.

 

“Note B-2-B”
shall have the meaning assigned to such term in the recitals.

 

“Note B-2-B
Holder” shall mean the Initial Note B-2-B Holder, and any successor in interest, or any subsequent holder of Note B-2-B.

 

“Note B-2-B
Principal Balance” shall mean, at any time of determination, the Initial Note B-2-B Principal Balance set forth on the
Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4
or 5, as applicable.

 

“Note C Control
Appraisal Period” shall mean any period with respect to the Mortgage Loan, if and for so long as:

 

(a)          
(1) the sum of the Initial Note C-1-A Principal Balance, the Initial Note C-1-B Principal Balance, the Initial Note C-2-A
Principal Balance and the Initial Note C-2-B Principal Balance minus (2) the sum (without duplication) of (x) any payments
of principal (whether as principal prepayments or otherwise) allocated to, and received on, the C Notes after the date of creation
of the C Notes, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated to the C Notes and (z) any
losses realized with

 

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respect to the Mortgaged Property or the Mortgage Loan that are allocated to the C Notes, is less than

 

(b)             
25% of the remainder of (i) the sum of the Initial Note C-1-A Principal Balance, the Initial Note C-1-B Principal Balance,
the Initial Note C-2-A Principal Balance and the Initial Note C-2-B Principal Balance less (ii) any payments of principal (whether
as principal prepayments or otherwise) allocated to, and received by, the Note C Holders on the C Notes, after the date of creation
of the C Notes,

 

provided that a Note
C Control Appraisal Period shall terminate upon the occurrence of a Threshold Event Cure by the Note C Holders.

 

“Note C Default
Rate” shall mean a rate per annum equal to the Applicable Interest Rate applicable to the C Notes plus the Note
Default Interest Spread.

 

“Note C Holders”
shall mean the Note C-1-A Holder, the Note C-1-B Holder, the Note C-2-A Holder and the Note C-2-B Holder.

 

“Note C Percentage
Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note C Principal Balance, and
the denominator of which is the sum of the Note A Principal Balance, the Note B Principal Balance, the Note C Principal Balance
and the Note D Principal Balance.

 

“Note C Principal
Balance” shall mean, at any time of determination, the sum of the Note C-1-A Principal Balance, the Note C-1-B Principal
Balance, the Note C-2-A Principal Balance and the Note C-2-B Principal Balance.

 

“Note C Rate”
shall mean the Note C Rate set forth on the Mortgage Loan Schedule.

 

“Note C Relative
Spread” shall mean the ratio of the Note C Rate to the Mortgage Loan Rate.

 

“Note C-1-A”
shall have the meaning assigned to such term in the recitals.

 

“Note C-1-A
Holder” shall mean the Initial Note C-1-A Holder, and any successor in interest, or any subsequent holder of the Note
C-1-A.

 

“Note C-1-A
Principal Balance” shall mean, at any time of determination, the Initial Note C-1-A Principal Balance set forth on the
Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4
or 5, as applicable.

 

“Note C-1-B”
shall have the meaning assigned to such term in the recitals.

 

“Note C-1-B
Holder” shall mean the Initial Note C-1-B Holder, and any successor in interest, or any subsequent holder of the Note
C-1-B.

 

    24

     

    

 

“Note C-1-B
Principal Balance” shall mean, at any time of determination, the Initial Note C-1-B Principal Balance set forth on the
Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4
or 5, as applicable.

 

“Note C-2-A”
shall have the meaning assigned to such term in the recitals.

 

“Note C-2-A
Holder” shall mean the Initial Note C-2-A Holder, and any successor in interest, or any subsequent holder of the Note
C-2-A.

 

“Note C-2-A
Principal Balance” shall mean, at any time of determination, the Initial Note C-2-A Principal Balance set forth on the
Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4
or 5, as applicable.

 

Note C-2-B”
shall have the meaning assigned to such term in the recitals.

 

“Note C-2-B
Holder” shall mean the Initial Note C-2-B Holder, and any successor in interest, or any subsequent holder of the Note
C-2-B.

 

“Note C-2-B
Principal Balance” shall mean, at any time of determination, the Initial Note C-2-B Principal Balance set forth on the
Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4
or 5, as applicable.

 

“Note D Control
Appraisal Period” shall mean any period with respect to the Mortgage Loan, if and for so long as:

 

(a) (1) the sum of the Initial Note D-1 Principal Balance and the Initial Note D-2 Principal Balance minus (2) the sum (without
duplication) of (x) any payments of principal (whether as principal prepayments or otherwise) allocated to, and received on, the
D Notes after the date of creation of the D Notes, (y) any Appraisal Reduction Amount for the Mortgage Loan that is allocated
to the D Notes and (z) any losses realized with respect to the Mortgaged Property or the Mortgage Loan that are allocated
to the D Notes, is less than

 

(b) 25% of the remainder of (i) the sum of the Initial Note D-1 Principal Balance and the Initial Note D-2 Principal Balance
less (ii) any payments of principal (whether as principal prepayments or otherwise) allocated to, and received by, the Note D Holders
on the D Notes, after the date of creation of the D Notes,

 

provided that a Note
D Control Appraisal Period shall terminate upon the occurrence of a Threshold Event Cure by the Note D Holders.

 

“Note D Default
Rate” shall mean a rate per annum equal to the Applicable Interest Rate applicable to the D Notes plus the Note
Default Interest Spread.

 

“Note D Holders”
shall mean the Note D-1 Holder and the Note D-2 Holder.

 

“Note D Percentage
Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the sum of the Note D Principal
Balance, and the denominator of which is

 

    25

     

    

 

the sum of the Note A Principal Balance, the Note B Principal Balance, the Note C Principal
Balance and the Note D Principal Balance.

 

“Note D Principal
Balance” shall mean, at any time of determination, the sum of the Note D-1 Principal Balance and the Note D-2 Principal
Balance.

 

“Note D Rate”
shall mean the Note D Rate set forth on the Mortgage Loan Schedule.

 

“Note D Relative
Spread” shall mean the ratio of the Note D Rate to the Mortgage Loan Rate.

 

“Note D-1”
shall have the meaning assigned to such term in the recitals.

 

“Note D-1 Holder”
shall mean the Initial Note D-1 Holder, and any successor in interest, or any subsequent holder of the Note D-1.

 

“Note D-1 Principal
Balance” shall mean, at any time of determination, the Initial Note D-1 Principal Balance set forth on the Mortgage Loan
Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4 or 5,
as applicable.

 

“Note D-2”
shall have the meaning assigned to such term in the recitals.

 

“Note D-2 Holder”
shall mean the Initial Note D-2 Holder, and any successor in interest, or any subsequent holder of the Note D-2.

 

“Note D-2 Principal
Balance” shall mean, at any time of determination, the Initial Note D-2 Principal Balance set forth on the Mortgage Loan
Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4 or 5,
as applicable.

 

“Note Default
Interest Spread” shall mean, with respect to the outstanding principal balance of any Note, a rate per annum equal to
the lesser of (i) the Maximum Legal Rate or (ii) five percent (5%) above the Applicable Interest Rate applicable to such
Note.

 

“Note Pledgee”
shall have the meaning assigned to such term in Section 19(e).

 

“Note Rate”
shall mean any of the Note A Rate, the Note B Rate, the Note C Rate and the Note D Rate, as applicable.

 

“Note Register”
shall have the meaning assigned to such term in Section 21.

 

“Noteholder”
shall mean any of the Note A Holders, the Note B Holders, the Note C Holders and the Note D Holders, as applicable.

 

“Noteholder
Purchase Notice” has the meaning assigned to such term in Section 12.

 

“Operating Advisor”
shall mean the operating advisor appointed pursuant to the Lead Securitization Servicing Agreement.

 

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“P&I Advance”
shall mean an advance made by a party to a Securitization Servicing Agreement in respect of a delinquent monthly debt service payment
on the Note securitized pursuant to such Securitization Servicing Agreement.

 

“Permitted Fund
Manager” shall mean any Person that on the date of determination is (i) one of the entities on Exhibit C attached
hereto and made a part hereof or any other nationally-recognized manager of investment funds investing in debt or equity interests
relating to commercial real estate, (ii) investing through a fund with committed capital of at least $250,000,000 and (iii) not
subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

 

“Person”
shall have the meaning assigned to such term in the Servicing Agreement.

 

“Pledge”
shall have the meaning assigned to such term in Section 19(e).

 

“Prepayment
Premium” shall mean, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance
premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents,
including any exit fee.

 

“Principal Balance”
shall mean any of the Note A-1-A Principal Balance, the Note A-1-B Principal Balance, the Note A-1-C Principal Balance, the Note
A-2-A Principal Balance, the Note A-2-B Principal Balance, the Note A-2-C Principal Balance, the Note B-1-A Principal Balance,
the Note B-1-B Principal Balance, the Note B-2-A Principal Balance, the Note B-2-B Principal Balance, the Note C-1-A Principal
Balance, the Note C-1-B Principal Balance, the Note C-2-A Principal Balance, the Note C-2-B Principal Balance, the Note D-1 Principal
Balance and the Note D-2 Principal Balance, as applicable.

 

“Property Protection
Advance” shall have the meaning assigned to the term “Servicing Advance” in the Servicing Agreement or such
other analogous term used in the Servicing Agreement.

 

“Purchased Note”
has the meaning assigned to such term in Section 12.

 

“Purchasing
Noteholder” has the meaning assigned to such term in Section 12.

 

“Qualified Institutional
Lender” shall mean each of the Initial Noteholders (and any Affiliates and subsidiaries of such entity) and any other
Person that is:

 

(a) an entity Controlled (as defined below) by, under common Control with or Controlling any Initial Noteholder, or

 

(b) one or more of the following:

 

(i)         a
real estate investment bank, an insurance company, reinsurance trust, bank, savings and loan association, investment bank, trust
company, commercial credit corporation, pension plan, pension fund, pension fund advisory firm, mutual fund, real estate investment
trust, governmental entity or plan, or

 

    27

     

    

 

(ii)        an investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule
144A under the Securities Act of 1933, as amended, or an “accredited investor” within the meaning of Rule 501(a) (1),
(2), (3) or (7) of Regulation D under the Securities Act of 1933, as amended, or

 

(iii)      
a Qualified Trustee (or in the case of a CDO, a single purpose bankruptcy remote entity which contemporaneously assigns
or pledges its Note, or a participation interest therein (or any portion thereof) to a Qualified Trustee) in connection with (a)
a securitization of, (b) the creation of collateralized debt obligations (“CDO”) secured by, or (c) a financing
through an “owner trust” of, a Note (any of the foregoing, a “Securitization Vehicle”), provided
that (1) one or more classes of securities issued by such Securitization Vehicle is initially rated at least investment grade by
each of the Rating Agencies which assigned a rating to one or more classes of securities issued in connection with such securitization
(it being understood that with respect to any Rating Agency that assigned such a rating to the securities issued by such Securitization
Vehicle, a Rating Agency Confirmation will not be required in connection with a transfer of such Note to such Securitization Vehicle);
(2) in the case of a Securitization Vehicle that is not a CDO, the special servicer of such Securitization Vehicle has a Required
Special Servicer Rating or is otherwise acceptable to the Rating Agencies rating each Securitization (such entity, an “Approved
Servicer”) and such Approved Servicer is required to service and administer such Note in accordance with servicing arrangements
for the assets held by the Securitization Vehicle which require that such Approved Servicer act in accordance with a servicing
standard notwithstanding any contrary direction or instruction from any other Person; or (3) in the case of a Securitization Vehicle
that is a CDO, the CDO Asset Manager and, if applicable, each Intervening Trust Vehicle that is not administered and managed by
a CDO Asset Manager which is a Qualified Institutional Lender, are each a Qualified Institutional Lender under clauses (b)(i),
(b)(ii), (b)(iii), (b)(iv) or (b)(v) of this definition, or

 

(iv)       an investment fund, limited liability company, limited partnership or general partnership having capital and/or capital
commitments of at least $500,000,000, in which (A) any Noteholder, (B) a person that is otherwise a Qualified Institutional Lender
under clause (b)(i), (b)(ii) or (b)(v) (with respect to an institution substantially similar to the entities
referred to in clause (b)(i) or (b)(ii) above), or (C) a Permitted Fund Manager, acts as a general partner, managing
member, or the fund manager responsible for the day-to-day management and operation of such investment vehicle and provided that
at least 50% of the equity interests in such investment vehicle are owned, directly or indirectly, by one or more entities that
are otherwise Qualified Institutional Lenders (without regard to the capital surplus/equity and total asset requirements set forth
below in the definition), or

 

(v)        an
entity substantially similar to any of the foregoing, or

 

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(vi)       a
Person that is otherwise a Qualified Institutional Lender but is acting in an agency capacity for a syndicate of lenders where
at least 51% of the lenders in such syndicate are otherwise Qualified Institutional Lenders under clauses (b)(i), (b)(ii),
(b)(iv) and (b)(v) above, or

 

(c) any entity Controlled (as defined below) by any of the entities described in clause (b) above or approved by the
Rating Agencies hereunder as a Qualified Institutional Lender for purposes of this Agreement, or as to which the Rating Agencies
have stated they would not review such entity in connection with the subject transfer; or

 

(d) Prima
Capital Advisors LLC, Prima Mortgage Investment Trust, LLC, New York State Teachers’ Retirement System, and any other Person
for so long as such Person’s investment in the applicable Notes is managed by Prima Capital Advisors LLC (a “Prima
Managed Person”);

 

provided that,
in the case of any entity referred to in clause (b)(i), (b)(ii), (b)(iii)(a), (b)(iv)(B) or (b)(v)
of this definition, (x) such entity has at least $200,000,000 in capital/statutory surplus or shareholders’ equity (except
with respect to a pension advisory firm, asset manager or similar fiduciary) and at least $500,000,000 in total assets (in name
or under management), and (y) is regularly engaged in the business of making or owning commercial real estate loans (or interests
therein) similar to the Mortgage Loan (or mezzanine loans with respect thereto) or owning junior CMBS securities or owning or operating
commercial real estate properties; provided, further that, in the case of the entity described in clause (b)(iv)(B)
of this definition, the requirements of this clause (y) may be satisfied by a general partner, managing member, or the fund
manager responsible for the day-to-day management and operation of such entity.

 

For purposes of this
definition only, “Control” means the ownership, directly or indirectly, in the aggregate of more than fifty
percent (50%) of the beneficial ownership interests of an entity and the possession, directly or indirectly, of the power to direct
or cause the direction of the management or policies of an entity, whether through the ability to exercise voting power, by contract
or otherwise (“Controlled” and “Controlling” have the meaning correlative thereto).

 

“Qualified Trustee”
means (i) a corporation, national bank, national banking association or a trust company, organized and doing business under the
laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and to accept
the trust conferred, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by
federal or state authority, (ii) an institution insured by the Federal Deposit Insurance Corporation or (iii) an institution whose
long-term senior unsecured debt is rated either of the then in effect top two rating categories of each of the applicable Rating
Agencies.

 

“Rating Agencies”
shall mean any of (a) S&P, (b) Moody’s, (c) Fitch, (d) DBRS, (e) KBRA, (f) Morningstar, or (g) if any of such entities
shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized statistical
rating agency reasonably designated by the Depositor or Non-Lead Depositor to rate the securities issued in connection with the
Securitization of Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B or Note A-2-C, respectively; provided, however,
that, at any time during which any of Note

 

    29

     

    

 

A-1-A is an asset of the Note A-1-A Securitization, Note A-1-B is an asset of the Note
A-1-B Securitization, Note A-1-C is an asset of the Note A-1-C Securitization, Note A-2-A is an asset of the Note A-2-A Securitization,
Note A-2-B is an asset of the Note A-2-B Securitization or Note A-2-C is an asset of the Note A-2-C Securitization, “Rating
Agencies” or “Rating Agency” shall mean with respect to Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note
A-2-B or Note A-2-C each and every of those rating agencies that are engaged by the Depositor or any Non-Lead Depositor from time
to time to rate the securities issued in connection with the Note A-1-A Securitization, Note A-1-B Securitization, Note A-1-C Securitization,
Note A-2-A Securitization, Note A-2-B Securitization or Note A-2-C Securitization but excluding any of those rating agencies that
do not rate any securities issued in connection with any Securitization of Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note
A-2-B or Note A-2-C.

 

“Rating Agency
Confirmation” shall mean, after a Securitization, the meaning given thereto or to such other analogous term used in the
Servicing Agreement including any deemed Rating Agency Confirmation.

 

“Recovered Costs”
shall mean any amounts referred to in clauses (i)(d) and/or (i)(e) of the definition of “Defaulted Mortgage
Loan Purchase Price” that, at the time of determination, had been previously paid or reimbursed to any Servicer from sources
other than collections on or in respect of the Mortgage Loan or the Mortgaged Property (including, without limitation, from collections
on or in respect of loans, if any, other than the Mortgage Loan).

 

“Redirection
Notice” shall have the meaning assigned to such term in Section 19(e).

 

“Regulation
AB” shall mean Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1125,
as such rules may be amended from time to time, and subject to such clarification and interpretation as have been provided by the
Commission or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time, in each case
as effective from time to time as of the compliance dates specified therein.

 

“Relative Spread”
shall mean any of the Note A Relative Spread, Note B Relative Spread, Note C Relative Spread or Note D Relative Spread, as the
context may require.

 

“REMIC”
shall mean a real estate mortgage investment conduit within the meaning of Section 860D(a) of the Code.

 

“REMIC Provisions”
shall mean provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Sections
860A through 860G of subchapter M of Chapter 1 of the Code, and related provisions, and regulations (including any applicable proposed
regulations) and rulings promulgated thereunder, as the foregoing may be in effect from time to time.

 

“Remittance
Date” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the
Servicing Agreement.

 

“Required Special
Servicer Rating” shall mean with respect to a special servicer (i) in the case of Fitch, a rating of either “CSS3”
or “CLLSS3”, (ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S.
Commercial Mortgage Special Servicer, (iii) in

 

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the case of Moody’s, such special servicer is acting as special servicer for
one or more loans included in a CMBS transaction that was rated by Moody’s within the twelve (12) month period prior to the
date of determination, and Moody’s has not downgraded or withdrawn the then-current rating on any class of CMBS securities
or placed any class of CMBS securities on watch citing the continuation of such special servicer as special servicer of such commercial
mortgage loans, (iv) in the case of Morningstar, either (a) the applicable replacement has a special servicer ranking of at least
“MOR CS3” by Morningstar (if ranked by Morningstar) or (b) if not ranked by Morningstar, is currently acting as a special
servicer on a deal or transaction-level basis for all or a significant portion of the related mortgage loans in other CMBS transactions
rated by any of S&P, Moody’s, Morningstar, Fitch, DBRS or KBRA and the trustee does not have actual knowledge that Morningstar
has, and the replacement special servicer certifies that Morningstar has not, with respect to any such other CMBS transaction,
qualified, downgraded or withdrawn its rating or ratings on one or more classes of such CMBS transaction citing servicing concerns
of the applicable replacement as the sole or material factor in such rating action, (v) in the case of KBRA, KBRA has not cited
servicing concerns of such special servicer as the sole or material factor in any qualification, downgrade or withdrawal of the
ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities in a transaction
serviced by such special servicer prior to the time of determination, and (vi) in the case of DBRS, such special servicer is currently
acting as special servicer for one or more loans included in a commercial mortgage loan securitization that is rated by DBRS, and
DBRS has not downgraded or withdrawn the then-current rating on any class of commercial mortgage-backed securities or placed any
class of commercial mortgage-backed securities on watch citing the continuation of such special servicer as the sole or material
factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation
of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior to the time of determination.

 

“Restricted
Mezzanine Holder”: A holder of a related mezzanine loan (or any Affiliate or agent thereof) or an owner in any interest
in any related mezzanine loan (whether legally, beneficially or otherwise, including as a holder of a note evidencing a related
mezzanine loan, a holder of a participation interest in a related mezzanine loan or a beneficial owner of any securities collateralized
by a related mezzanine loan) (a) that has been accelerated or as to which the mezzanine lender has initiated foreclosure or enforcement
proceedings against the equity collateral pledged to secure such mezzanine loan, (b) as to which an event of default under such
mezzanine loan has occurred giving rise to an automatic acceleration of such mezzanine loan or the right of the lender thereunder
to accelerate such mezzanine loan or (c) at any time when any Servicing Transfer Event has occurred and is continuing with respect
to the Mortgage Loan as a result of any determination by the Servicer that a default in the payment of principal or interest under
the Mortgage Loan is reasonably foreseeable.

 

“Risk Retention
Requirements” shall mean the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11),
as added by Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

 

“Risk Retention
Rules” shall mean the joint final rule that was promulgated to implement the Risk Retention Requirements (which such
joint final rule has been codified, inter alia, at 17 C.F.R. § 246), as such rule may be amended from time to time, and subject
to such clarification and interpretation as have been provided by the Office of the Comptroller of the

 

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Currency, the Board of Governors
of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Commission and
the Department of Housing and Urban Development in the adopting release (79 Fed. Reg. 77601 et seq.) or by the staff of any such
agency, or as may be provided by any such agency or its staff from time to time, in each case, as effective from time to time as
of the applicable compliance date specified therein.

 

“S&P”
shall mean S&P Global Ratings, a Standard & Poor’s Financial Services LLC business, and its successors in interest.

 

“Securities
Act” shall mean the Securities Act of 1933, as amended.

 

“Securitization”
shall mean one or more sales by the Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A Holder, the
Note A-2-B Holder or the Note A-2-C Holder of all or a portion of such Note to a depositor, who will in turn include such portion
of such Note as part of a securitization of one or more mortgage loans.

 

“Securitization
Date” shall mean the effective date on which the Securitization of Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note
A-2-B or Note A-2-C or portion thereof is consummated.

 

“Securitization
Servicing Agreement” shall mean the Servicing Agreement or the Non-Lead Securitization Servicing Agreement, as the context
may require.

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization pursuant to which Note A-1-A, Note A-1-B, Note A-1-C, Note
A-2-A, Note A-2-B or Note A-2-C is held.

 

“Selling Noteholder”
has the meaning assigned to such term in Section 12.

 

“Sequential
Pay Event” shall mean any Event of Default with respect to an obligation to pay money due under the Mortgage Loan, any
other Event of Default for which the Mortgage Loan is actually accelerated or any other Event of Default which causes the Mortgage
Loan to become a Specially Serviced Loan, or any bankruptcy or insolvency event that constitutes an Event of Default; provided,
however, that unless the Servicer has notice or knowledge of such event at least ten (10) Business Days prior to the applicable
distribution date, distributions will be made sequentially beginning on the subsequent distribution date; provided, further,
that the aforementioned requirement of notice or knowledge will not apply in the case of distribution of the final proceeds of
a liquidation or final disposition of the Mortgage Loan. A Sequential Pay Event shall no longer exist to the extent it has been
cured (including any cure payment made by the Note B Holders, the Note C Holders or the Note D Holders in accordance with
Section 11) and shall not be deemed to exist to the extent the Note B Holders, the Note C Holders or the Note D Holders
are exercising their cure rights under Section 11 or the default that led to the occurrence of such Sequential Pay Event
has otherwise been cured or waived.

 

“Servicer”
shall mean the Master Servicer or the Special Servicer, as the context may require.

 

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“Servicer Termination
Event” shall have the meaning assigned to such term in the Servicing Agreement or at any time that the Mortgage Loan
is no longer subject to the provisions of the Servicing Agreement, any analogous concept under the servicing agreement pursuant
to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

 

“Servicing Agreement”
shall mean the Lead Securitization Servicing Agreement; provided that in the event that the Lead Securitization Note is
no longer an asset of the trust fund created pursuant to the Lead Securitization Servicing Agreement, the “Servicing Agreement”
shall be determined in accordance with Section 2(j).

 

“Servicing
Fee Rate” with respect to any Note shall be the per annum rate at which primary servicing fees are payable in
respect of such Note (but in no event shall the aggregate Servicing Fee Rate payable in respect of the Mortgage Loan be in excess of 0.010% per annum) as set forth in the Servicing Agreement. The Servicing Fee Rate shall
not reflect any master servicing fees payable by any Noteholder.

 

“Servicing Standard”
shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

 

“Servicing Transfer
Event” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the
Servicing Agreement.

 

“Special Servicer”
shall mean the special servicer appointed pursuant to the Servicing Agreement and this Agreement. The parties hereto hereby agree
that Situs Holdings, LLC will be appointed as the initial Special Servicer for the Mortgage Loan under the Note A-2-A Securitization.

 

“Specially Serviced
Loan” shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the
Servicing Agreement.

 

“Subordinate
Note” shall mean each B Note, C Note and D Note.

 

“Subordinate
Noteholder” shall mean each of the Note B Holders, the Note C Holders and the Note D Holders.

 

“Sub-Servicer”
shall have the meaning given thereto in the Lead Securitization Servicing Agreement (or other analogous term under the Lead Securitization
Servicing Agreement).

 

“Taxes”
shall mean any income or other taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature, now or hereafter
imposed by any jurisdiction or by any department, agency, state or other political subdivision thereof or therein.

 

“Threshold Event
Collateral” shall have the meaning assigned to such term in Section 5(g).

 

“Threshold Event
Cure” shall have the meaning assigned to such term in Section 5(g).

 

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“Transfer”
shall mean any sale, assignment, transfer, pledge, syndication, participation, hypothecation, contribution, encumbrance or other
disposition (either (i) directly or (ii) indirectly through entering into a derivatives contract or any other similar
agreement, excluding a repurchase financing or a Pledge in accordance with Section 19(e)).

 

“Trustee”
shall mean the trustee appointed pursuant to the Lead Securitization Servicing Agreement.

 

“Undeveloped
Certificate Administrator Information/Data” shall mean, with respect to the Certificate Administrator, information or
data (other than attorney-client privileged information) that, at the time of any request for information or data, (a) is in the
possession of the Certificate Administrator and (b) has been provided to the Certificate Administrator by another Person, with
(i) (x) no obligation to conduct or perform any Activity or Activities, (y) no obligation to request, direct or instruct any other
Person (and no obligation on the part of any other Person) to conduct or perform any Activity or Activities and (z) no obligation
to verify any Activity or Activities performed by any other Person, and (ii) if for any reason such information or data itself
consists in whole or in part of the results of any Activity or Activities on the part of another Person (it being acknowledged
that this shall not be construed to require any Person to perform any Activity or Activities to determine whether the information
or data includes the results of any Activity or Activities on the part of another Person), (x) no obligation to conduct or perform
any further or additional any Activity or Activities, (y) no obligation to request, direct or instruct any other Person to conduct
or perform any further or additional any Activity or Activities and (z) no obligation to verify any Activity or Activities performed
by any other Person.

 

“Undeveloped
Servicer Information/Data” shall mean, with respect to the Master Servicer, a Mortgage Loan Seller Sub-Servicer or the
Special Servicer, as the case may be, information and data (other than attorney-client privileged information and other than information
relating to a workout or resolution strategy or plan for a Specially Serviced Loan) that, at the time of any request for information
or data, (a) relates to the Mortgage Loan or the Mortgaged Property, (b) is in the possession of such Master Servicer, Initial
Sub-Servicer or Special Servicer, as the case may be, and (c) has been provided to such Master Servicer, Initial Sub-Servicer
or Special Servicer, as the case may be, by or on behalf of the Borrower, property manager or lender. With respect to such Undeveloped
Servicer Information/Data, there shall be (i) no obligation on the part of such Master Servicer, Initial Sub-Servicer
or Special Servicer, as the case may be, to (x) conduct or perform any Activity or Activities, (y) request, direct or
instruct any other Person (and no obligation on the part of any other Person) to conduct or perform any Activity or Activities
or (z) verify any Activity or Activities performed by any other Person, and (ii) if for any reason such information or data
itself consists in whole or in part of the results of any Activity or Activities on the part of another Person (it being acknowledged
that this shall not be construed to require any Person to perform any Activity or Activities to determine whether the information
or data includes the results of any Activity or Activities on the part of another Person), no obligation on the part of such Master
Servicer, Initial Sub-Servicer or Special Servicer, as the case may be, to (x) conduct or perform any further or additional
any Activity or Activities, (y) request, direct or instruct any other Person to conduct or perform any further or additional
any Activity or Activities or (z) verify any Activity or Activities performed by any other Person.

 

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“U.S. Person”
shall mean a citizen or resident of the United States, a corporation or partnership (except to the extent provided in applicable
Treasury Regulations) created or organized in or under the laws of the United States, any State thereof or the District of Columbia,
including any entity treated as a corporation or partnership for federal income tax purposes, or an estate whose income is subject
to United States federal income tax regardless of its source, or a trust if a court within the United States is able to exercise
primary supervision over the administration of such trust, and one or more such U.S. Persons have the authority to control all
substantial decisions of such trust (or, to the extent provided in applicable Treasury Regulations, a trust in existence on August 20,
1996 that is eligible to elect to be treated as a U.S. Person).

 

“Withheld Amounts”
shall have the meaning assigned to such term in Section 3.

 

“Workout”
shall mean any written modification, waiver, amendment, restructuring or workout of the Mortgage Loan or the Note entered into
with the Mortgage Loan Borrower in accordance with this Agreement and the Servicing Agreement.

 

Section 2.          
Servicing.

 

(a)          
Each Noteholder acknowledges and agrees that, subject to this Agreement, the Mortgage Loan shall be serviced pursuant to
this Agreement and (i) prior to the Lead Securitization Date, under interim servicing arrangements as directed by the Note A-2-A
Holder and (ii) after the Lead Securitization Date, the Servicing Agreement; provided that the Master Servicer shall not
be obligated to advance monthly payments of principal or interest in respect of the Notes other than the Lead Securitization Note
if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated to advance delinquent real estate
taxes, insurance premiums and other expenses related to the maintenance of the Mortgaged Property and maintenance and enforcement
of the lien of the Mortgage thereon, subject to the terms of the Servicing Agreement (including a determination of recoverability
thereunder). Each Noteholder acknowledges that another Noteholder (including, in particular, the Note A-1-A Holder, the Note A-1-B
Holder, the Note A-1-C Holder, the Note A-2-A Holder, the Note A-2-B Holder and the Note A-2-C Holder) may elect, in its sole discretion,
to include the related Note in a Securitization and agrees that it will reasonably cooperate with such other Noteholder, at such
other Noteholder’s expense, to effect such Securitization. Subject to the terms and conditions of this Agreement, each Noteholder
hereby irrevocably and unconditionally consents to the appointment of the Master Servicer, the Certificate Administrator, the Operating
Advisor, the Asset Representations Reviewer and the Trustee under the Servicing Agreement by the Depositor, and the appointment
of the Special Servicer as the initial Special Servicer under the Servicing Agreement by the Depositor (subject to replacement
by the Controlling Noteholder as provided herein) and agrees to reasonably cooperate with the Master Servicer and the Special Servicer
with respect to the servicing of the Mortgage Loan in accordance with this Agreement and the Servicing Agreement. Each Noteholder
hereby appoints the Master Servicer, the Special Servicer and the Trustee in the Lead Securitization as such Noteholder’s
attorney-in-fact to sign any documents reasonably required with respect to the administration and servicing of the Mortgage Loan
on its behalf under the Servicing Agreement (subject at all times to the rights of the Noteholders set forth herein and in the
Servicing Agreement). In no event shall the Servicing Agreement require any Servicer to enforce the rights of any Noteholder against
any other Noteholder or limit any Servicer in enforcing the rights of one Noteholder against any other Noteholder; however, this
statement shall

 

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not be construed to otherwise limit the rights of one Noteholder with respect to any other Noteholder. Each Servicer
shall be required pursuant to the Servicing Agreement to service the Mortgage Loan in accordance with the Servicing Standard, the
terms of the Mortgage Loan Documents, the Servicing Agreement and applicable law, and shall not take any action or refrain from
taking any action or follow any direction inconsistent with the foregoing.

 

(b)          In no event shall any Subordinate Noteholder be entitled to exercise any rights of the “directing holder”, controlling
or consulting class or any analogous class or holder under the Servicing Agreement except to the extent such Subordinate Noteholder
is given such rights expressly under the terms of this Agreement or the Servicing Agreement in its capacity as the Controlling
Noteholder, and in no event may any such “directing holder”, controlling or consulting class or analogous class or
holder under the Servicing Agreement have any of the rights of the Controlling Noteholder hereunder except during a Note B Control
Appraisal Period.

 

(c)          
In no event may the Servicing Agreement change the interest allocable to, or the amount of any payments due to, any
Subordinate Noteholder or materially increase any Subordinate Noteholder’s obligations or materially decrease any Subordinate
Noteholder’s rights, remedies or protections hereunder or otherwise adversely affect any Subordinate Noteholder’s rights
hereunder.

 

(d)          The Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee, to
the extent provided in the Lead Securitization Servicing Agreement) (i) shall be required to make Property Protection Advances
with respect to the Mortgage Loan, subject to the terms of the Lead Securitization Servicing Agreement and this Agreement, and
(ii) may be required to make P&I Advances on the Lead Securitization Note, if and to the extent provided in the Lead Securitization
Servicing Agreement and this Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled
to reimbursement for a Property Protection Advance, first from funds on deposit in each of the Collection Account and the Companion
Distribution Account that (in any case) represent amounts received on or in respect of the Mortgage Loan in the manner provided
in the Lead Securitization Servicing Agreement, and then, in the case of Nonrecoverable Property Protection Advances, if such funds
on deposit in the Collection Account and Companion Distribution Account are insufficient, from general collections of the Lead
Securitization as provided in the Lead Securitization Servicing Agreement and from general collections of the Non-Lead Securitization
as provided below. The Master Servicer, the Special Servicer and the Trustee, as applicable, will be entitled to reimbursement
for Advance Interest Amounts on a Property Protection Advance or a Nonrecoverable Property Protection Advance, in the manner and
from the sources provided in the Lead Securitization Servicing Agreement, including from general collections of the Lead Securitization
and, in the case of Property Protection Advances, from general collections of the Non-Lead Securitization as provided below. Notwithstanding
the foregoing, to the extent the Master Servicer, the Special Servicer or the Trustee, as applicable, obtains funds from general
collections of the Lead Securitization as a reimbursement for a Nonrecoverable Property Protection Advance or any Advance Interest
Amounts on a Property Protection Advance or a Nonrecoverable Property Protection Advance, each related Non-Lead Securitization
Noteholder (including from general collections or any other amounts from the Non-Lead Securitization Trust) shall be required to,
promptly following notice from the Master Servicer, reimburse the Lead

 

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Securitization for its pro rata share of such Nonrecoverable
Property Protection Advance or Advance Interest Amounts.

 

In addition, each Non-Lead
Securitization Noteholder (including, but not limited to, the related Non-Lead Securitization Trust) shall be required to, promptly
following notice from the Master Servicer or the Special Servicer, pay or reimburse the Lead Securitization for such Non-Lead Securitization
Noteholder’s pro rata share of any additional trust fund expenses with respect to the Mortgage Loan or the Mortgaged
Property, any other fees, costs or expenses incurred in connection with the servicing and administration of the Mortgage Loan and
allocable to the Note A Holders pursuant to this Agreement and as to which the Master Servicer, the Special Servicer, the Certificate
Administrator, the Trustee, the Operating Advisor or the Depositor, as applicable, is entitled to be reimbursed pursuant to the
Lead Securitization Servicing Agreement, and any fees, costs or expenses related to obtaining a Rating Agency Confirmation and
allocated to the Note A Holders, in each case to the extent amounts on deposit in the Collection Account or Companion Distribution
Account that are allocated to the related Non-Lead Securitization Note are insufficient for reimbursement of such amounts (which
such reimbursement shall be made, if a Non-Lead Securitization Note has been included in a Non-Lead Securitization, from general
collections or any other amounts from such Non-Lead Securitization Trust). Each Non-Lead Securitization Noteholder agrees to indemnify
(i) (as and to the same extent the Lead Securitization Trust is required to indemnify each of the following parties in respect
of other mortgage loans in the Lead Securitization Trust pursuant to the terms of Lead Securitization Servicing Agreement) each
of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor and the Depositor
(and any director, officer, employee or agent of any of the foregoing, to the extent such parties are identified as indemnified
parties in the Lead Securitization Servicing Agreement in respect of other mortgage loans) and (ii) the Lead Securitization Trust
(such parties in clause (i) and the Lead Securitization Trust, collectively, the “Indemnified Parties”)
against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, liabilities,
fees and expenses incurred in connection with the servicing and administration of the Mortgage Loan and the Mortgaged Property
(or, with respect to the Operating Advisor, incurred in connection with the provision of services for the Mortgage Loan) under
the Lead Securitization Servicing Agreement (collectively, the “Indemnified Items”) to the extent of its pro
rata share of such Indemnified Items, and to the extent amounts on deposit in the Collection Account or Companion Distribution
Account that are allocated to the related Non-Lead Securitization Note are insufficient for reimbursement of such amounts, such
Non-Lead Securitization Noteholder shall be required to, promptly following notice from the Master Servicer, the Special Servicer
or the Trustee, reimburse each of the applicable Indemnified Parties for its pro rata share of the insufficiency (including,
if the related Non-Lead Securitization Note has been included in a Non-Lead Securitization, from general collections or any other
amounts from such Non-Lead Securitization Trust).

 

A Non-Lead Master Servicer
may be required to make P&I Advances on the related Non-Lead Securitization Note it is servicing, from time to time, subject
to the terms of the related Non-Lead Securitization Servicing Agreement, the Lead Securitization Servicing Agreement and this Agreement.
The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to make their own recoverability determination
with respect to a P&I Advance to be made on the Lead Securitization Note based on the information that they have on hand and
in accordance with the Lead Securitization Servicing Agreement. Each Non-Lead Master Servicer, Non-Lead

 

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Special Servicer and Non-Lead
Trustee, as applicable, shall be entitled to make their own recoverability determination with respect to a P&I Advance to be
made on the related Non-Lead Securitization Note based on the information that they have on hand and in accordance with the related
Non-Lead Securitization Servicing Agreement. The Master Servicer and the Trustee, as applicable, and each Non-Lead Master Servicer
or Non-Lead Trustee shall be required to notify each other servicer and trustee with respect to a Securitization of the amount
of its P&I Advance within two (2) Business Days of making such advance. If the Master Servicer, the Special Servicer or the
Trustee, as applicable (with respect to the Lead Securitization Note) or a Non-Lead Master Servicer, Non-Lead Special Servicer
or Non-Lead Trustee, as applicable (with respect to a Non-Lead Securitization Note), determines that a proposed P&I Advance,
if made, would be non-recoverable or an outstanding P&I Advance is or would be non-recoverable, or if the Master Servicer,
the Special Servicer or the Trustee, as applicable, subsequently determines that a proposed Property Protection Advance would be
non-recoverable or an outstanding Property Protection Advance is or would be non-recoverable, then the Master Servicer or the Trustee
(as provided in the Lead Securitization Servicing Agreement, in the case of a determination of non-recoverability by the Master
Servicer, the Special Servicer or the Trustee) or such Non-Lead Master Servicer or such Non-Lead Trustee (as provided in the related
Non-Lead Securitization Servicing Agreement, in the case of a determination of non-recoverability by the Non-Lead Master Servicer,
the Non-Lead Special Servicer or the Non-Lead Trustee) shall notify the Master Servicer and the Trustee, or such Non-Lead Master
Servicer and such Non-Lead Trustee, as the case may be, within two (2) Business Days of making such determination. Each of the
Master Servicer, the Trustee, the Non-Lead Master Servicers and the Non-Lead Trustees, as applicable, will only be entitled to
reimbursement for a P&I Advance that becomes non-recoverable and advance interest thereon first from the Collection Account
(in the case of the Lead Securitization Note) or the Companion Distribution Account (in the case of a Non-Lead Securitization Note)
from amounts allocable to the Note for which such P&I Advance was made, and then, if funds are insufficient, (i) in the case
of the Lead Securitization Note, from general collections of the Lead Securitization Trust, pursuant to the terms of the Lead Securitization
Servicing Agreement and (ii) in the case of a Non-Lead Securitization Note, from general collections of the related Non-Lead Securitization
Trust, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement.

 

(e)          
The Servicing Agreement shall contain provisions to the effect that (and to the extent such following provisions are not
included in the Servicing Agreement, they shall be deemed incorporated therein and made a part thereof):

 

(i)          
any payments received on the Mortgage Loan shall be paid by the Master Servicer to each of the Noteholders (other than the
Non-Lead Securitization Noteholders) on the Remittance Date under the Servicing Agreement;

 

(ii)          
each Non-Lead Noteholder shall be entitled to receive, and the Master Servicer and the Special Servicer shall provide access
to, all information that is required to be provided to holders of the securities issued by the Lead Securitization Trust but not
limited to standard CREFC reports and Asset Status Reports, provided that if an interest in the requesting Noteholder or its related
Note is held by a Borrower Party, then such requesting Noteholder shall not be entitled to receive the Asset Status Report or any
other information relating to the Special Servicer’s workout strategy or any “excluded information” or analogous
term under the Servicing Agreement;

 

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(iii)         
each Noteholder is an intended third party beneficiary in respect of the rights afforded it under the Servicing Agreement
and may directly enforce such rights;

 

(iv)        
the Servicing Agreement may not be amended without the consent of each Non-Lead Noteholder if such amendment would be materially
adverse to such Non-Lead Noteholder or would materially adversely affect the Mortgage Loan or any Non-Lead Noteholder’s rights
with respect thereto or would alter any term that is defined herein by reference to the Servicing Agreement in a manner that is
materially adverse to a Non-Lead Noteholder;

 

(v)         
the Special Servicer selected by the Controlling Noteholder shall be named as the Special Servicer for the Mortgage Loan
by the earlier of (x) the closing of the Note A-2-A Securitization or (y) the Mortgage Loan becoming a Specially Serviced
Loan under any other Servicing Agreement; provided, however, that such Special Servicer has the Required Special
Servicer Rating of, or otherwise be acceptable to, each of the Rating Agencies rating each Securitization;

 

(vi)        
the Master Servicer or Trustee shall be required to provide written notice to the Non-Lead Master Servicer and the Non-Lead
Trustee of any P&I Advance it has made with respect to the Lead Securitization Note within two (2) Business Days of making
such advance;

 

(vii)        
if the Master Servicer determines that a proposed P&I Advance with respect to the Lead Securitization Note or Property
Protection Advance with respect to the Mortgage Loan, if made, or any outstanding P&I Advance or Property Protection Advance
previously made, would be, or is, as applicable, a Nonrecoverable Advance, the Master Servicer shall provide the Non-Lead Master
Servicer written notice of such determination promptly after such determination was made together with such reports that the Master
Servicer delivered to the Special Servicer or Trustee in connection with notification of its determination of nonrecoverability;

 

(viii)      
the Master Servicer shall remit all payments allocated to the Non-Lead Securitization Note pursuant to Section 3
or 4, net of the servicing fees payable to the Master Servicer and Special Servicer with respect to such Non-Lead Securitization
Note, and any other applicable fees and reimbursements payable to the Master Servicer, the Special Servicer and the Trustee, to
the Non-Lead Securitization Noteholder by the earlier of (x) the Remittance Date and (y) the Business Day following the “determination
date” (or any term substantially similar thereto) as defined in the Non-Lead Securitization Servicing Agreement (such determination
date, the “Non-Lead Securitization Determination Date”), in each case as long as the date on which remittance
is required under this clause (viii) is at least one (1) Business Day after the scheduled monthly payment date under the
Mortgage Loan Agreement, provided, that any late collections received by the Master Servicer after the related due date under the
Mortgage Loan shall be remitted by the Master Servicer in accordance with Section 2(e)(xv) below;

 

(ix)         
with respect to each Non-Lead Note, the Master Servicer agrees to deliver or cause to be delivered or to make available
to such Non-Lead Noteholder (or, in the case

 

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of a Non-Lead Note held by a Securitization, the related Non-Lead Master Servicer)
all reports required to be delivered by the Master Servicer to the Certificate Administrator and the Trustee under the Lead Securitization
Servicing Agreement (which shall include all loan-level reports constituting the CREFC® Investor Reporting Package (IRP)) pursuant
to the terms of the Lead Securitization Servicing Agreement, to the extent related to the Mortgage Loan, the Mortgaged Property,
the Non-Lead Note, the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, by the earlier of (x)
the Remittance Date and (y) the Business Day following the Non-Lead Securitization Determination Date (if any), in each case so
long as the date on which delivery is required under this clause (ix) is at least one (1) Business Day after the scheduled
monthly payment date under the Mortgage Loan Agreement;

 

(x)           the
Master Servicer and the Special Servicer, as applicable, shall provide (in electronic media) to each Non-Lead Noteholder all documents,
certificates, instruments, notices, reports, operating statements, rent rolls and other information regarding the Mortgage Loan
provided by it to any other party to the Lead Securitization Servicing Agreement at the time provided to such other party;

 

(xi)         
the servicing duties of each of the Master Servicer and Special Servicer under the Lead Securitization Servicing Agreement
shall include the duty to service the Mortgage Loan and all of the Notes on behalf of the Noteholders (including any respective
trustees and certificateholders) in accordance with the terms and provisions of this Agreement, the Lead Securitization Servicing
Agreement and the Servicing Standard;

 

(xii)         each
Non-Lead Noteholder shall be entitled to the same indemnity as the Lead Securitization Noteholder under the Lead Securitization
Servicing Agreement; each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating
Advisor and the Custodian shall be required to (and shall require any Servicing Function Participant or Additional Servicer engaged
by it to) indemnify each Certifying Person and the Non-Lead Depositor, and their respective directors and officers and controlling
persons, to the same extent that they indemnify the Depositor (as depositor in respect of the Lead Securitization) and each Certifying
Person for (i) its failure to deliver the items in clause (xiii) below in a timely manner, (ii) its failure to perform
its obligations to the Non-Lead Depositor or the related Non-Lead Trustee under Article X (or any article substantially similar
thereto) of the Lead Securitization Servicing Agreement by the time required after giving effect to any applicable grace period
or cure period, (iii) the failure of any Servicing Function Participant or Additional Servicer retained by it (other than an Initial
Sub-Servicer) to perform its obligations to such depositor or trustee under such Article X (or any article substantially similar
thereto) of the Lead Securitization Servicing Agreement by the time required and/or (iv) any Deficient Exchange Act Deliverable
regarding, and delivered by or on behalf of, such party;

 

(xiii)        with respect to each Non-Lead Securitization that is subject to reporting requirements under the Securities Act, the Exchange
Act (including Rule 15Ga-1), and Regulation AB, (a) the Master Servicer, any primary servicer, the Special Servicer, the Trustee,
the Certificate Administrator or other party acting as custodian for the Lead Securitization shall be required to deliver (and
shall be required to cause each other servicer

 

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and servicing function participant (within the meaning of Items 1123 and 1122, respectively,
of Regulation AB) retained or engaged by it to deliver; provided that such party shall only be required to use commercially
reasonable efforts to cause an Initial Sub-Servicer to deliver), in a timely manner (i) the reports, certifications, compliance
statements, accountants’ assessments and attestations, and information to be included in reports (including, without limitation,
Form ABS-15G, Form 10-K, Form 10-D and Form 8-K), and (ii) upon request, any other materials specified in the Non-Lead Securitization
Servicing Agreement, in the case of sub-clauses (i) and (ii), as the Non-Lead Depositor or the Non-Lead Trustee reasonably
believes, in good faith, are required in order for the Non-Lead Depositor or the Non-Lead Trustee to comply with (1) its obligations
under the Securities Act, the Exchange Act (including Rule 15Ga-1), Regulation AB and Form SF-3 and (2) any applicable comment
letter from the Commission or its obligations with respect to any Deficient Exchange Act Deliverable, (b) without limiting the
generality of the foregoing (x) the Depositor or the Lead Securitization Noteholder shall provide or cause to be provided to the
Non-Lead Depositor (and to counsel to the Non-Lead Depositor) and the Non-Lead Trustee (1) written notice (which may be by email)
in a timely manner (but no later than three (3) Business Days prior to closing) of the occurrence of the Lead Securitization, and
(2) no later than the closing date of the Lead Securitization, a copy of the Lead Securitization Servicing Agreement in an EDGAR-compatible
format, and (y) the Master Servicer and Special Servicer (or any replacement Master Servicer or Special Servicer, as applicable)
shall, upon reasonable prior written request, and subject to the right of the Master Servicer or the Special Servicer, as the case
may be, to review and approve such disclosure materials, permit a holder of the Non-Lead Securitization Note to use such party’s
description contained in the Lead Securitization prospectus (updated as appropriate by the Master Servicer or Special Servicer,
as applicable, at the cost of the Non-Lead Sponsor) or contained in a Lead Securitization Form 8-K), for inclusion in the disclosure
materials or a Form 8-K relating to any securitization of the Non-Lead Securitization Note, and (z) the Master Servicer and the
Special Servicer (or any replacement Master Servicer or Special Servicer, as applicable), shall provide indemnification agreements,
opinions and Regulation AB compliance letters as were or are being delivered with respect to the Lead Securitization (in each case,
at the cost of the Non-Lead Sponsor), and (c) in connection with any amendment of the Lead Securitization Servicing Agreement,
the Depositor shall provide written notice (which may be by email) of such proposed amendment to the Non-Lead Depositor and the
Non-Lead Trustee no later than three (3) Business Days prior to the date of effectiveness of such amendment, and, on the date of
effectiveness of such amendment to the Lead Securitization Servicing Agreement, provide a copy of such amendment in an EDGAR-compatible
format to the Non-Lead Depositor and the Non-Lead Trustee. The Master Servicer and the Special Servicer shall each be required
to provide certification and indemnification to any Certifying Person with respect to any applicable Sarbanes-Oxley Certification
with respect to a Non-Lead Securitization;

 

(xiv)        each
of the Master Servicer, the Special Servicer, the Custodian and the Trustee and each Affected Reporting Party shall
cooperate (and require each Servicing Function Participant and Additional Servicer retained by it to cooperate under the
applicable Sub-Servicing Agreement), with each Non-Lead Depositor (including, without limitation, providing all due diligence
information, reports, written responses, negotiations and coordination) to the same extent as such party is required to
cooperate with the

 

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Depositor
under Article X (or any article substantially similar thereto) of the Lead Securitization Servicing Agreement and in connection
with Deficient Exchange Act Deliverables. All respective reasonable out-of-pocket costs and expenses incurred by the Non-Lead Depositor
(including reasonable legal fees and expenses of outside counsel to such depositor) in connection with the foregoing (other than
those costs and expenses related to participation by a Non-Lead Depositor in any telephone conferences and meetings with the Commission
and other costs the Non-Lead Depositor must bear pursuant to Article X (or any article substantially similar thereto) of the Lead
Securitization Servicing Agreement) and any amendments to any reports filed with the Commission therewith shall be promptly paid
by the applicable Affected Reporting Party upon receipt of an itemized invoice from such Non-Lead Depositor;

 

(xv)       
any late collections received by the Master Servicer from the Mortgage Loan Borrower that are allocable to a Non-Lead Securitization
Note or reimbursable to the Non-Lead Master Servicer or the Non-Lead Trustee shall be remitted by the Master Servicer to the Non-Lead
Master Servicer or the Non-Lead Noteholder, as applicable, within two (2) Business Days of receipt of properly identified funds;
provided, however, that in the event the Master Servicer is in receipt of properly identified funds that are not
available to the Master Servicer, the Master Servicer may instead remit such amounts on the same Business Day that such properly
identified funds become available to the Master Servicer;

 

(xvi)       
each Non-Lead Master Servicer and each Non-Lead Special Servicer shall each be a third-party beneficiary of the Lead Securitization
Servicing Agreement with respect to all provisions therein expressly relating to compensation, reimbursement or indemnification
of such Non-Lead Master Servicer or such Non-Lead Special Servicer, as the case may be, and the provisions regarding coordination
of Advances;

 

(xvii)      
to the extent related to the Mortgage Loan, the Master Servicer or the Special Servicer, Rating Agency Confirmation shall
be provided with respect to the commercial mortgage pass-through certificates issued in connection with each Non-Lead Securitization
to the same extent provided with respect to the commercial mortgage pass-through certificates issued in connection with the Lead
Securitization;

 

(xviii)     
Servicer Termination Events with respect to the Master Servicer and the Special Servicer shall include: (i) solely with
respect to the Master Servicer, the failure to timely remit payments to a Non-Lead Noteholder, which failure continues unremedied
for one (1) Business Day following the date on which such payment was to be made; (ii) solely with respect to the Special Servicer,
the failure to deposit into any REO Account any amount required to be so deposited within one (1) Business Day after the date such
deposit was to be made, or the failure to remit to the Master Servicer for deposit into the Collection Account or the related Companion
Distribution Account, as applicable, any amount required to be so remitted by the Special Servicer within one (1) Business Day
after the date such remittance was to be made; (iii) the qualification, downgrade or withdrawal, or placing on “watch status”
in contemplation of a rating downgrade or withdrawal of the ratings of any class of certificates issued in connection with the
Non-Lead Securitization by the Rating Agencies rating such securities (and such qualification, downgrade,

 

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withdrawal or “watch
status” placement shall not have been withdrawn by such rating agencies within sixty (60) days of actual knowledge of such
event by the Master Servicer or the Special Servicer, as the case may be), and publicly citing servicing concerns with the Master
Servicer or Special Servicer, as applicable, as the sole or a material factor in such rating action; and (iv) the failure to provide
to a Non-Lead Securitization Noteholder (if and to the extent required under the related Non-Lead Securitization) reports required
under the Exchange Act, and the rules and regulations thereunder, in a timely fashion. Upon the occurrence of such a Servicer Termination
Event (A) with respect to the Master Servicer affecting any Non-Lead Noteholder and the Master Servicer is not otherwise terminated
pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon the direction of any Non-Lead Noteholder, appoint
a sub-servicer solely with respect to the Mortgage Loan (or if the Mortgage Loan is currently being sub-serviced, to replace the
current sub-servicer, but only if such original sub-servicer is in default under the related sub-servicing agreement); and (B)
the appointment (or replacement) of a sub-servicer with respect to the Mortgage Loan, as contemplated in clause (A) above, will
in any event be subject to written confirmation from each Rating Agency that such appointment would not, in and of itself, cause
a downgrade, qualification or withdrawal of the then-current ratings assigned to the securities issued in connection with any Securitization.
Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Noteholder and the
Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction
of a Non-Lead Noteholder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

 

(xix)        
upon any resignation of the Master Servicer or the Special Servicer, any termination of the Master Servicer or Special Servicer
and/or any replacement thereof, any appointment of a successor to the Master Servicer or Special Servicer, or the effectiveness
of any designation of a new Special Servicer, the Trustee or Certificate Administrator shall promptly (and in any event no later
than three (3) Business Days prior to the effective date of such resignation, termination, replacement and/or appointment of a
Master Servicer or Special Servicer) provide written notice thereof to each Non-Lead Trustee, each Non-Lead Master Servicer, and
each Non-Lead Depositor, together with any information reasonably required (including, without limitation, any disclosure required
under Item 1108 of Regulation AB) for the related Non-Lead Securitization to comply with any applicable reporting obligations under
the Exchange Act; provided, that such notice shall not be deemed to be provided unless receipt thereof has been confirmed in writing
(which may be by email) from the Non-Lead Depositor;

 

(xx)         
if a Non-Lead Securitization Note becomes the subject of an Asset Review pursuant to the related Non-Lead Securitization
Servicing Agreement, the Master Servicer, the Special Servicer, the Trustee and the Custodian shall reasonably cooperate with the
Non-Lead Asset Representations Reviewer in connection with such Asset Review by providing the Non-Lead Asset Representations Reviewer
with any documents reasonably requested by the Non-Lead Asset Representations Reviewer, but only to the extent (x) such documents
are in the possession of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be, and (y) the
Non-Lead Asset Representations

 

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Reviewer has not been able to obtain such documents from the related mortgage loan seller; and

 

(xxi)       any conflict between the Lead Securitization Servicing Agreement and this Agreement shall be resolved in favor of this Agreement.

 

(f)          
Each Non-Lead Securitization Noteholder agrees that it shall cause the related Non-Lead Securitization Servicing Agreement
to provide as follows (and to the extent such following provisions are not included in such Non-Lead Securitization Servicing Agreement,
they shall be deemed incorporated therein and made a part thereof):

 

(i)          
such Non-Lead Securitization Noteholder shall be responsible for its pro rata share of any Nonrecoverable Property
Protection Advances (and advance interest thereon) and any additional trust fund expenses, but only to the extent that they relate
to servicing and administration of the Notes and the Mortgaged Property, including without limitation, any unpaid Special Servicing
Fees, Liquidation Fees and Workout Fees relating to the Notes, and that in the event that the funds received with respect to the
Notes are insufficient to cover such Property Protection Advances or additional trust fund expenses, (A) the Non-Lead Master Servicer
will be required to, promptly following notice from the Master Servicer or the Special Servicer, pay or reimburse the Master Servicer,
the Special Servicer, the Certificate Administrator, the Trustee or the Lead Securitization Trust, as applicable, out of general
funds in the collection account (or equivalent account) established under the Non-Lead Securitization Servicing Agreement for the
Non-Lead Securitization Noteholder’s pro rata share of any such Nonrecoverable Property Protection Advances (together
with advance interest thereon) and/or other additional trust fund expenses (including compensation due to the Master Servicer and
the Special Servicer to the extent related to the servicing and administration of the Mortgage Loan and the Mortgaged Property),
and (B) if the Lead Securitization Servicing Agreement permits the Master Servicer, the Special Servicer, the Certificate Administrator
or the Trustee to reimburse itself from the Lead Securitization Trust’s general account, then the Master Servicer, the Special
Servicer, the Certificate Administrator or the Trustee, as applicable, may do so, and the Non-Lead Master Servicer will be required
to, promptly following notice from the Master Servicer, the Special Servicer or the Trustee, reimburse the Lead Securitization
Trust out of general funds in the collection account (or equivalent account) established under the Non-Lead Securitization Servicing
Agreement for the Non-Lead Securitization Noteholder’s pro rata share of any such Nonrecoverable Property Protection
Advances (together with advance interest thereon) and/or additional trust fund expenses (including compensation due to the Master
Servicer and the Special Servicer to the extent related to the servicing and administration of the Mortgage Loan and the Mortgaged
Property);

 

(ii)          
each of the Indemnified Parties shall be indemnified (as and to the same extent the Lead Securitization Trust is required
to indemnify each of such Indemnified Parties in respect of other mortgage loans in the Lead Securitization Trust pursuant to the
terms of the Lead Securitization Servicing Agreement and, in the case of the Lead Securitization Trust, to the extent of any additional
trust fund expenses with respect to the Mortgage Loan) by the Non-Lead Securitization Trust, against any of the Indemnified

 

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Items
to the extent of its pro rata share of such Indemnified Items and, to the extent amounts on deposit in the Companion Distribution
Account that are allocated to the Non-Lead Securitization Note are insufficient for reimbursement of such amounts, the Non-Lead
Master Servicer will be required to reimburse each of the applicable Indemnified Parties for the Non-Lead Securitization Note’s
pro rata share of the insufficiency out of general funds in the collection account (or equivalent account) established under
the Non-Lead Securitization Servicing Agreement;

 

(iii)          
the Non-Lead Master Servicer, Non-Lead Trustee or Non-Lead Certificate Administrator will be required to deliver to the
Trustee, the Certificate Administrator, the Special Servicer, the Master Servicer and the Operating Advisor (i) promptly following
the Non-Lead Securitization, notice of the deposit of the Non-Lead Securitization Note into a Securitization Trust (which notice
may be (x) in the form of delivery (which may be by email) of a copy of the Non-Lead Securitization Servicing Agreement, or (y)
by email notification together with contact information for the Non-Lead Trustee, the Non-Lead Certificate Administrator, the Non-Lead
Master Servicer, the Non-Lead Special Servicer and the party designated to exercise the rights of the Note A-1-B Holder, the Note
A-1-C Holder, the Note A-2-A Holder, the Note A-2-B Holder or the Note A-2-C Holder, as applicable, as a “Non-Controlling
Noteholder” or “Non-Controlling A Noteholder” under this Agreement), accompanied by a copy of the executed Non-Lead
Securitization Servicing Agreement, and (ii) notice of any subsequent change in the identity of the Non-Lead Master Servicer, the
Non-Lead Trustee or the party designated to exercise the rights of the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A
Holder, the Note A-2-B Holder or the Note A-2-C Holder, as applicable, as a “Non-Controlling Noteholder” or “Non-Controlling
A Noteholder” under this Agreement (together with the relevant contact information) (which may be in the form of email delivery
of a copy of any revised Non-Lead Securitization Servicing Agreement); and

 

(iv)        
the Master Servicer, the Special Servicer, the Trustee and the Lead Securitization Trust shall be third party beneficiaries
of the foregoing provisions.

 

(g)         
The Lead Securitization Noteholder shall:

 

(i)          
give each Non-Lead Securitization Noteholder that is included in a Securitization (if any) at the time of the Securitization
of the Lead Securitization Note, notice of such Securitization of the Lead Securitization Note in writing (which may be by email)
not less than three (3) Business Days prior to the applicable pricing date for the Lead Securitization, together with contact information
for each of the parties to the Lead Securitization Servicing Agreement; and

 

(ii)         
send to each Non-Lead Securitization Noteholder and the parties to the related Non-Lead Securitization Servicing Agreement
(that are not also party to the Lead Securitization Servicing Agreement) (x) on or promptly following the Lead Securitization Date
(to the extent the applicable parties to the related Non-Lead Securitization Servicing Agreement have been engaged by the related
Non-Lead Depositor on or prior to the Lead Securitization Date), a copy (in EDGAR-compatible format) of the execution version of
the Lead Securitization Servicing Agreement, (y) within (1) one Business Day after the

 

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date of any re-filing by the Depositor of
the Lead Securitization Servicing Agreement with the Commission to account for any changes thereto (other than a formal amendment
thereto following the Lead Securitization Date), a copy (in EDGAR-compatible format) of the re-filed Lead Securitization Servicing
Agreement, and (z) promptly following distribution thereof to the parties to the Lead Securitization Servicing Agreement, any changes
made by the Depositor to the Lead Securitization Servicing Agreement (other than a formal amendment thereto following the Lead
Securitization Date).

 

(h)         
Each Non-Lead Securitization Noteholder shall provide (or cause to be provided) to the Lead Securitization Noteholder and
the parties to the Lead Securitization Servicing Agreement (provided that the Lead Securitization Servicing Agreement has been
delivered to the Non-Lead Securitization Noteholder) notice of the closing of the Non-Lead Securitization, in writing (which may
be by email) prior to or promptly following the Non-Lead Securitization Date, which notice shall include a copy of the Non-Lead
Securitization Servicing Agreement.

 

(i)          
Notwithstanding anything to the contrary contained in this Agreement, any obligation of the Servicer pursuant to the terms
hereof shall be performed by the Master Servicer or the Special Servicer, as applicable, as set forth in the Servicing Agreement.

 

(j)          
At any time after the Securitization Date that the Lead Securitization Note is no longer subject to the provisions of the
Servicing Agreement, the Lead Securitization Noteholder shall cause the Mortgage Loan to be serviced pursuant to a servicing agreement
that contains servicing provisions which are the same as or more favorable to the Non-Lead Securitization Noteholders and each
Subordinate Noteholder, in substance, to those in the Servicing Agreement and all references herein to the “Servicing Agreement”
shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization,
then a written confirmation shall have been obtained from each Rating Agency rating such Securitization that the appointment of
the servicer(s) pursuant to such servicing agreement would not, in and of itself, cause a downgrade, qualification or withdrawal
of the then-current ratings assigned to the securities issued in connection with such Securitization; provided, further,
that until a replacement servicing agreement has been entered into, the Lead Securitization Noteholder shall cause the Mortgage
Loan to be serviced in accordance with the servicing provisions set forth in the Servicing Agreement as if such agreement was still
in full force and effect with respect to the Mortgage Loan; provided, however, that the Servicer under such replacement
Servicing Agreement shall have no further obligations to advance monthly payments of principal and interest; provided, further,
however, that until a replacement servicing agreement is in place, the actual servicing of the Mortgage Loan may be performed
by any nationally recognized commercial mortgage loan servicer meeting the requirements of the Servicing Agreement appointed by
the Lead Securitization Noteholder and the special servicer appointed by the Controlling Noteholder (which special servicer must
satisfy the Required Special Servicer Rating of, or otherwise be acceptable to, each of the Rating Agencies rating any outstanding
Securitization) and does not have to be performed by the service providers set forth under the Servicing Agreement.

 

(k)          
Subject to the Servicer’s obligation to act in accordance with the Servicing Standard and subject to a Rating Agency
Confirmation, and solely in the event that S&P rates any

 

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securities issued in connection with any Securitization of any of
Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B or Note A-2-C, the Servicer shall require
the related Mortgage Loan Borrower to maintain insurance with an insurer meeting the minimum S&P ratings requirements specified
in the related Mortgage Loan Documents (and, for the avoidance of doubt, without regard to any Lender discretion with respect to
such ratings in the related Mortgage Loan Documents).

 

(l)          
The Lead Securitization Noteholder shall cause the Lead Securitization Servicing Agreement to include provisions to the
effect that, at any time when a Non-Lead Note is included in a Securitization, for so long any Person (such a Person, with respect
to such Securitization, the “EU Transparency Designee”) is an “originator, sponsor [or] SSPE” (as
such terms are defined in the EU Retention Rules) and has transparency and reporting obligations or conditions imposed by the EU
Retention Rules or otherwise under applicable law in connection with such Securitization (“EU Reporting Obligations”)
(and each of the Master Servicer, the Special Servicer, any applicable Sub-Servicer, and the Certificate Administrator shall
be entitled to assume the existence of the circumstances described in this lead-in clause upon any related requests by or on
behalf of the EU Transparency Designee or the EU Reporting Administrator):

 

(i)          
each of the Master Servicer and the Certificate Administrator, as applicable, will make available to the vendor, if any,
designated by the EU Transparency Designee (such vendor, the EU Reporting Administrator”) and the EU Transparency
Designee, the U.S. CREFC® Investor Reporting Package and, subject to the Lead Securitization Servicing Agreement, access to
such parties’ website, if any, relating to this Agreement or the securitizations effected hereby;

 

(ii)          
each of the Master Servicer, the Special Servicer and the Certificate Administrator, as applicable, shall use reasonable
efforts to deliver or make available to the EU Reporting Administrator and the EU Transparency Designee such additional information
and data as may be reasonably requested by the EU Reporting Administrator or the EU Transparency Designee in good faith and such
request for such information and data shall include the following: (A) the specific name of (or, if not known, the type of (using
customary references)) report, data, information, analysis, communication, agreement, document, or instrument being sought and
(B) reference to each applicable loan, borrower or related party, lender, and property (each, an “Additional Data Request”),
in each case within a reasonable period following the receipt of such Additional Data Request; provided that such obligation shall
be subject to all of the following terms and conditions:

 

(A)      
the Master Servicer, any Mortgage Loan Seller Sub-Servicer or the Special Servicer, as the case may be, shall have no obligation
to deliver or make available information or data other than Undeveloped Servicer Information/Data and the Certificate Administrator
shall have no obligation to deliver or make available information or data other than Undeveloped Certificate Administrator Information/Data;

 

(B)       
prior to such Additional Data Request, the EU Reporting Administrator and the EU Transparency Designee shall have reviewed
all

 

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information and data it received from each of the Master Servicer, the Special Servicer and the Certificate Administrator or
has access to via such party’s website (or as a Privileged Person);

 

(C)        the Master Servicer, any Mortgage Loan Seller Sub-Servicer, the Special Servicer or the Certificate Administrator, as the
case may be, shall have no obligation to deliver or make available information or data that is contained within the information
and data so received, or previously received, by or made available to the EU Reporting Administrator and the EU Transparency Designee,
or either of them, as described in the preceding clause (B) (including any information or data included in any U.S. CREFC®
Investor Reporting Package previously delivered or made available);

 

(D)      
the EU Reporting Administrator or the EU Transparency Designee has reasonably determined it needs the requested information
and data for the purposes of compliance with EU Reporting Obligations;

 

(E)       
the Master Servicer, any Mortgage Loan Seller Sub-Servicer or the Special Servicer , as the case may be, shall have no obligation
to deliver or make available information or data other than asset-level Undeveloped Servicer Information/Data, in each case relating
to the securitization(s) effected hereby and the Serviced Mortgage Loans and the Serviced Whole Loans (including Undeveloped Servicer
Information/Data relating to the Borrowers or the Mortgaged Properties), and the Certificate Administrator shall have no obligation
to deliver or make available information or data other than bond-level Undeveloped Certificate Administrator Information/Data relating
to the securitization(s) effected hereby and the Mortgage Loans and the Whole Loans (including Undeveloped Certificate Administrator
Information/Data relating to the Borrowers or the Mortgaged Properties);

 

(F)       
the Master Servicer, any Mortgage Loan Seller Sub-Servicer, the Special Servicer or the Certificate Administrator, as the
case may be, shall have no obligation to respond to more than one Additional Data Request made to such Person by the EU Reporting
Administrator and the EU Transparency Designee, or either of them, per reporting period under the EU Retention Rules;

 

(G)        the Person responsible for delivering or making available such Undeveloped Servicer Information/Data or Undeveloped Certificate
Administrator Information/Data shall be entitled in each case to elect in its sole discretion between delivering such Undeveloped
Servicer Information/Data or Undeveloped Certificate Administrator Information/Data, as the case may be, on the one hand, or making
available such Undeveloped Servicer Information/Data or Undeveloped Certificate Administrator Information/Data, as the case may
be, on the other hand; and

 

(H)        the EU Transparency Designee shall have previously satisfied the condition regarding indemnification set forth in Section
2(l)(v) below.

 

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(iii)              
with respect to each Mortgage Loan if there is a Sub-Servicer, the Master Servicer shall use reasonable efforts to cause
such Sub-Servicer to provide to the EU Reporting Administrator and the EU Transparency Designee access to such Sub-Servicer’s
website in order for the Master Servicer to comply with its obligations under this Section 2(l).

 

(iv)              
for the purposes of clause (ii)(D) above, the Master Servicer, the Special Servicer and the Certificate Administrator (and
each Mortgage Loan Seller Sub-Servicer) shall be entitled to conclusively assume, and rely upon the determination (without any
independent investigation, diligence or otherwise), that each Additional Data Request is necessary for compliance with the EU Reporting
Obligations;

 

(v)               
the Lead Securitization Servicing Agreement may provide that it shall be a condition to the obligations of each of the Master
Servicer, any Mortgage Loan Seller Sub-Servicer for the Mortgage Loan, the Special Servicer and the Certificate Administrator otherwise
set forth above that the EU Transparency Designee shall have caused to be executed and delivered to the Master Servicer, any relevant
Mortgage Loan Seller Sub-Servicer, the Special Servicer and the Certificate Administrator an undertaking (by an entity reasonably
acceptable to the Master Servicer, the Special Servicer, the Certificate Administrator and any relevant Mortgage Loan Seller Sub-Servicer)
to (A) indemnify and hold harmless the Master Servicer, the Special Servicer, the Certificate Administrator (and any relevant Mortgage
Loan Seller Sub-Servicer) and their respective officers, directors, shareholders, members, managers, employees, agents, affiliates
and controlling persons (each, an “EU Reporting Indemnified Party”), from and against any and all losses, liabilities,
damages, claims, judgments, costs, fees, penalties, fines, forfeitures or other expenses (including reasonable legal fees, expenses,
disbursements and costs of enforcement), as incurred, which any such EU Reporting Indemnified Party incurs or to which any such
EU Reporting Indemnified Party may become subject pursuant to an action or claim, insofar as the same arise out of or are based,
in whole or in part, upon the EU Reporting Obligations and (B) reimburse each EU Reporting Indemnified Party for any and all expenses
(including, without limitation, the fees, expenses, costs and disbursements of counsel) as reasonably incurred in investigating,
preparing for or defending against any such action or claim, to the extent that any such expenses are not paid under clause (A)
above (in the case of both clauses (A) and (B) above, collectively, “EU Reporting Liabilities”); provided that
no holding harmless or indemnification shall be required to the extent that the relevant EU Reporting Liability arises out of such
EU Reporting Indemnified Party’s willful misconduct, fraud or gross negligence in the performance of its obligations under
this Section 2(l) or its grossly negligent disregard of its obligations under this Section 2(l); and provided, further,
that such EU Transparency Designee will be deemed to have satisfied the condition set forth in this clause (v) with respect to
the Master Servicer, any Mortgage Loan Seller Sub-Servicer, the Special Servicer or the Certificate Administrator, as the case
may be, if such EU Transparency Designee causes the execution and delivery, to or for the benefit of the Master Servicer, any Mortgage
Loan Seller Sub-Servicer, the Special Servicer or the Certificate Administrator, as the case may be, an indemnification agreement
the form and substance of which and the obligor under which are acceptable to such Person in its sole discretion as evidenced by
such Person’s execution

 

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thereof or consent thereto as a beneficiary. No such losses, claims or liabilities shall be paid
or reimbursed from the assets of the Lead Securitization; and

 

(vi)              
the EU Transparency Designee shall notify the Master Servicer, each relevant Mortgage Loan Seller Sub-Servicer, the Special
Servicer and the Certificate Administrator in writing of any termination or resignation of the EU Reporting Administrator and the
appointment of any replacement or successor EU Reporting Administrator and, at any time after the effective date of a termination
or resignation of the EU Reporting Administrator and before the effective date of the appointment of a replacement or successor
EU Reporting Administrator, references to the EU Reporting Administrator in this Section 2(l) shall be deemed to refer to
the EU Transparency Designee; provided, however, that the Master Servicer shall furnish the then-current notice addresses
for the relevant Mortgage Loan Seller Sub-Servicer (as set forth in the related Sub-Servicing Agreements or as later received by
the Master Servicer) within three (3) Business Days following request therefor by the EU Transparency Designee and the EU Transparency
Designee shall be entitled to rely on such notice addresses so furnished to it for the purpose of such notice by the EU Transparency
Designee to each relevant Mortgage Loan Seller Sub-Servicer under this clause (vi).

 

Notwithstanding anything
to the contrary in this Agreement, none of the Master Servicer, the Special Servicer or the Certificate Administrator (nor any
Sub-Servicer) shall have any reporting or other similar obligations in connection with the EU Transparency Designee’s compliance
with the EU Reporting Obligations except for the obligations expressly set forth above in this Section 2(l).

 

In addition, the Lead
Securitization Noteholder shall cause the Lead Securitization Servicing Agreement to designate the EU Transparency Designee and
the EU Reporting Administrator as Privileged Persons, subject to the execution and delivery of a reasonable agreement restricting
the use of information made available to such Persons that is unrelated to the Mortgage Loan, and to designate as Privileged Persons
one or more authorities identified by the EU Transparency Designee.

 

(m)            
The parties hereto hereby agree that Midland Loan Services, a Division of PNC Bank, National Association, will be appointed
as the initial primary servicer for the Mortgage Loan.

 

Section 3.         Subordination of the Subordinate Notes; Payments Prior to a Sequential Pay Event. The Subordinate Notes and the rights
of the Subordinate Noteholders to receive payments of interest, principal and other amounts with respect to such Subordinate Notes
shall at all times be junior, subject and subordinate to the A Notes and the respective rights of the Note A Holders to receive
payments of interest, principal and other amounts with respect to such A Notes as and to the extent set forth herein. The C Notes
and the rights of the Note C Holders to receive payments of interest, principal and other amounts with respect to such C Notes
shall at all times be junior, subject and subordinate to the A Notes and the B Notes and the respective rights of the Note A Holders
and the Note B Holders to receive payments of interest, principal and other amounts with respect to such A Notes and B Notes as
and to the extent set forth herein. The D Notes and the rights of the Note D Holders to receive payments of interest, principal
and other

 

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amounts with respect to such D Notes shall at all times be junior, subject and subordinate to the A Notes, the B Notes
and the C Notes and the respective rights of the Note A Holders, the Note B Holders and the Note C Holders to receive payments
of interest, principal and other amounts with respect to such A Notes, B Notes and C Notes as and to the extent set forth herein.
If no Sequential Pay Event shall have occurred and be continuing, all amounts tendered by the Mortgage Loan Borrower or otherwise
available for payment on or with respect to or in connection with the Mortgage Loan or the Mortgaged Property or amounts realized
as proceeds thereof, whether received in the form of Monthly Payments, the Balloon Payment, Liquidation Proceeds, proceeds under
any guaranty, letter of credit or other collateral or instrument securing the Mortgage Loan or Insurance and Condemnation Proceeds
(other than proceeds, awards or settlements that are required to be applied to the restoration or repair of the Mortgaged Property
or released to the Mortgage Loan Borrower in accordance with the terms of the Mortgage Loan Documents, to the extent permitted
by the REMIC Provisions), but excluding (x) all amounts for required reserves or escrows required by the Mortgage Loan Documents
(to the extent, in accordance with the terms of the Mortgage Loan Documents) to be held as reserves or escrows or received as reimbursements
on account of recoveries in respect of Advances then due and payable or reimbursable to the Servicer under the Servicing Agreement
and (y) all amounts that are then due, payable or reimbursable to any Servicer (excluding master servicing fees, trustee fees,
certificate administrator fees, operating advisor fees and asset representations reviewer fees, all of which shall be payable by
each of the Note A Holders to such parties out of distributions made to them in respect of the A Notes), with respect to the Mortgage
Loan pursuant to the Servicing Agreement (such amounts contemplated by clauses (x) and (y), “Withheld Amounts”),
shall be distributed by the Master Servicer in the following order of priority without duplication (and payments shall be made
at such times as are set forth in the Servicing Agreement):

 

(a)               
first, to each Note A Holder, pro rata (based on their respective entitlements to interest) in an amount equal
to the accrued and unpaid interest on the Principal Balance of such A Note at the Net Note A Rate;

 

(b)              
second, to each Note B Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid interest on the Principal Balance of such B Note, respectively, at the Net Note B Rate;

 

(c)               
third, to each Note C Holder, pro rata (based on their respective entitlements to interest) in an amount equal
to the accrued and unpaid interest on the Principal Balance of such C Note, respectively, at the Net Note C Rate;

 

(d)               
fourth, to each Note D Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid interest on the Principal Balance of such D Note, respectively, at the Net Note D Rate;

 

(e)               
fifth, to each Note A Holder, pro rata (based on the Principal Balances of such A Notes) in an aggregate amount
equal to all principal payments (including amounts allocable as principal to the A Notes under the Mortgage Loan Agreement after
the Anticipated Repayment Date) received, including any Insurance and Condemnation Proceeds received, if any, with respect to such
Monthly Payment Date with respect to the Mortgage Loan allocated as principal on the

 

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Mortgage Loan and payable to the Noteholders,
until the respective Principal Balances of the A Notes have been reduced to zero;

 

(f)                
sixth, to each Note A Holder, pro rata (based on their respective entitlements) up to the amount of any unreimbursed
out-of-pocket costs and expenses paid or incurred by such Note A Holder (or the amount of any costs and expenses paid or incurred
or advanced by any Servicer or Trustee on its behalf and not previously paid or reimbursed to such Servicer), including any Recovered
Costs not previously reimbursed by the Mortgage Loan Borrower, with respect to the Mortgage Loan pursuant to this Agreement or
the Servicing Agreement;

 

(g)               
seventh, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(f) and, as a result of a Workout the aggregate
Principal Balance of A Notes has been reduced, such excess amount shall be paid to the Note A Holders pro rata (based on
the Principal Balances of such A Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each A Note as a result of such Workout, plus interest on such aggregate amount at the related Note A Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(h)               
eighth, to the extent a Note B Holder has made any payments or advances to cure defaults pursuant to Section 11,
to reimburse such Note B Holder for all such cure payments;

 

(i)                
ninth, to each Note B Holder, pro rata (based on the Principal Balances of such B Notes) in an aggregate amount
equal to all principal payments (including amounts allocable as principal to the B Notes under the Mortgage Loan Agreement after
the Anticipated Repayment Date) received, including any Insurance and Condemnation Proceeds received, if any, with respect to such
Monthly Payment Date with respect to the Mortgage Loan allocated as principal on the Mortgage Loan and payable to the Noteholders,
remaining after giving effect to the allocation in clause (e) above, until the respective Principal Balances of the B Notes
have been reduced to zero;

 

(j)                
tenth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(i) and, as a result of a Workout the aggregate
Principal Balance of B Notes has been reduced, such excess amount shall be paid to each Note B Holder pro rata (based on
the Principal Balances of such B Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each B Note as a result of such Workout, plus interest on such aggregate amount at the related Note B Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(k)               
eleventh, to the extent the a Note C Holder has made any payments or advances to cure defaults pursuant to Section
11, to reimburse such Note C Holder for all such cure payments;

 

(l)                 
twelfth, to each Note C Holder, pro rata (based on the Principal Balances of such C Notes) in an aggregate
amount equal to all principal payments (including amounts

 

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allocable as principal to the C Notes under the Mortgage Loan Agreement
after the Anticipated Repayment Date) received, including any Insurance and Condemnation Proceeds received, if any, with respect
to such Monthly Payment Date with respect to the Mortgage Loan allocated as principal on the Mortgage Loan and payable to the Noteholders,
remaining after giving effect to the allocation in clause (e) and clause (i) above, until the respective Principal
Balances of the C Notes have been reduced to zero;

 

(m)              
thirteenth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(l) and, as a result of a Workout the aggregate
Principal Balance of C Notes has been reduced, such excess amount shall be paid to each Note C Holder pro rata (based on
the Principal Balances of such C Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each C Note as a result of such Workout, plus interest on such aggregate amount at the related Note C Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(n)              
fourteenth, to the extent the a Note D Holder has made any payments or advances to cure defaults pursuant to Section
11, to reimburse such Note D Holder for all such cure payments;

 

(o)              
fifteenth, to each Note D Holder, pro rata (based on the Principal Balances of such D Notes) in an aggregate
amount equal to all principal payments (including amounts allocable to principal on the D Notes under the Mortgage Loan Agreement
after the Anticipated Repayment Date) received, including any Insurance and Condemnation Proceeds received, if any, with respect
to such Monthly Payment Date with respect to the Mortgage Loan allocated as principal on the Mortgage Loan and payable to the Noteholders,
remaining after giving effect to the allocation in clause (e), clause (i) and clause (l) above, until the
respective Principal Balances of the D Notes have been reduced to zero;

 

(p)              
sixteenth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(o) and, as a result of a Workout the aggregate
Principal Balance of D Notes has been reduced, such excess amount shall be paid to each Note D Holder pro rata (based on
the Principal Balances of such D Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each D Note as a result of such Workout, plus interest on such aggregate amount at the related Note D Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(q)              
seventeenth, to each Note A Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid Accrued Additional Interest on such A Note;

 

(r)               
eighteenth, to each Note B Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid Accrued Additional Interest on such B Note;

 

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(s)               
nineteenth, to each Note C Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid Accrued Additional Interest on such C Note;

 

(t)                
twentieth, to each Note D Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid Accrued Additional Interest on such D Note;

 

(u)              
twenty-first, to each Note A Holder, pro rata (based on the Principal Balances of such A Notes) in an aggregate
amount equal to the product of (i) the Note A Percentage Interest multiplied by (ii) the Note A Relative Spread, and (iii) any
Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

(v)              
twenty-second, to each Note B Holder, pro rata (based on the Principal Balances of such B Notes) in an aggregate
amount equal to the product of (i) the Note B Percentage Interest multiplied by (ii) the Note B Relative Spread and (iii) any Prepayment
Premium to the extent paid by the Mortgage Loan Borrower;

 

(w)             
twenty-third, to each Note C Holder, pro rata (based on the Principal Balances of such C Notes) in an aggregate
amount equal to the product of (i) the Note C Percentage Interest multiplied by (ii) the Note C Relative Spread and (iii) any Prepayment
Premium to the extent paid by the Mortgage Loan Borrower;

 

(x)              
twenty-fourth, to each Note D Holder, pro rata (based on the Principal Balances of such D Notes) in an aggregate
amount equal to the product of (i) the Note D Percentage Interest multiplied by (ii) the Note D Relative Spread and (iii) any Prepayment
Premium to the extent paid by the Mortgage Loan Borrower;

 

(y)              
twenty-fifth, to the extent assumption or transfer fees actually paid by the Mortgage Loan Borrower are not required
to be otherwise applied under the Servicing Agreement, including, without limitation, to provide reimbursement for interest on
any Advances, to pay any Additional Servicing Expenses or to compensate a Servicer (in each case provided that such reimbursements
or payments relate to the Mortgage Loan), any such assumption or transfer fees, to the extent actually paid by the Mortgage Loan
Borrower, shall be paid pro rata to the Note A Holders, the Note B Holders, the Note C Holders and the Note D Holders in
accordance with the Note A Percentage Interest, the Note B Percentage Interest, the Note C Percentage Interest and the Note D Percentage
Interest, respectively, with the amount distributed to the Note A Holders to be allocated among the Note A Holders pro rata
based on the respective Principal Balances of such A Notes, with the amount distributed to the Note B Holders to be allocated between
the Note B Holders pro rata based on the respective Principal Balances of such B Notes, with the amount distributed to the
Note C Holders to be allocated between the Note C Holders pro rata based on the respective Principal Balances of such C
Notes, and with the amount distributed to the Note D Holders to be allocated between the Note D Holders pro rata based on
the respective Principal Balances of such D Notes; and

 

(z)               
twenty-sixth, if any excess amount, including, without limitation, any Default Interest, is available to be distributed
in respect of the Mortgage Loan, and not otherwise

 

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applied in accordance with the foregoing clauses (a)-(y), any remaining amount
shall, if not otherwise subject to allocation pursuant to the terms of the Servicing Agreement, be paid pro rata to the
Note A Holders, the Note B Holders, the Note C Holders and the Note D Holders in accordance with the initial Note A Percentage
Interest, the initial Note B Percentage Interest, the initial Note C Percentage Interest and the initial Note D Percentage Interest,
respectively, with the amount distributed to the Note A Holders to be allocated among the Note A Holders pro rata based
on the respective Principal Balances of such A Notes, with the amount distributed to the Note B Holders to be allocated between
the Note B Holders pro rata based on the respective Principal Balances of such B Notes, with the amount distributed to the
Note C Holders to be allocated between the Note C Holders pro rata based on the respective Principal Balances of such C
Notes, and with the amount distributed to the Note D Holders to be allocated between the Note D Holders pro rata based on
the respective Principal Balances of such D Notes.

 

Section 4.        Payments Following a Sequential Pay Event. Payments of interest and principal shall be made to the Noteholders in
accordance with Section 3 of this Agreement; provided, if a Sequential Pay Event shall have occurred and be continuing,
all amounts tendered by the Mortgage Loan Borrower or otherwise available for payment on or with respect to or in connection with
the Mortgage Loan or the Mortgaged Property or amounts realized as proceeds thereof (including without limitation amounts received
by the Master Servicer or Special Servicer pursuant to the Servicing Agreement as reimbursements on account of recoveries in respect
of Advances), whether received in the form of Monthly Payments, any proceeds from the sale or distribution of any Foreclosure Property,
the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing
the Mortgage Loan or Insurance and Condemnation Proceeds (other than proceeds, awards or settlements that are required to be applied
to the restoration or repair of the Mortgaged Property or released to the Mortgage Loan Borrower in accordance with the terms of
the Mortgage Loan Documents, to the extent permitted by the REMIC Provisions), but excluding any Withheld Amounts, shall be distributed
by the Master Servicer in the following order of priority without duplication (and payments shall be made at such times as are
set forth in the Servicing Agreement):

 

(a)               
first, to each Note A Holder, pro rata (based on their respective entitlements to interest) in an amount equal
to the accrued and unpaid interest on the Principal Balance of such A Note at the Net Note A Rate;

 

(b)              
second, to each Note A Holder, pro rata (based on the Principal Balances of such A Notes), until the respective
Principal Balances of the A Notes have been reduced to zero;

 

(c)               
third, to each the Note A Holder, pro rata (based on their respective entitlements) up to the amount of any
unreimbursed out-of-pocket costs and expenses paid or incurred by such Note A Holder (or the amount of any costs or expenses paid
or incurred or advanced by any Servicer or Trustee on its behalf and not previously paid or reimbursed to such Servicer), including
any Recovered Costs not previously reimbursed by the Mortgage Loan Borrower, with respect to the Mortgage Loan pursuant to this
Agreement or the Servicing Agreement;

 

(d)              
fourth, to each Note A Holder, pro rata (based on the on the Principal Balances of such A Notes) in an aggregate
amount equal to the product of (i) the Note A Percentage

 

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Interest multiplied by (ii) the Note A Relative Spread, and (iii) any
Prepayment Premium to the extent paid by the Mortgage Loan Borrower;

 

(e)               
fifth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(d) and, as a result of a Workout the aggregate
Principal Balance of A Notes has been reduced, such excess amount shall be paid to the Note A Holders pro rata (based on
the Principal Balances of such A Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each A Note as a result of such Workout, plus interest on such aggregate amount at the related Note A Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(f)               
sixth, to the extent a Note B Holder has made any payments or advances to cure defaults pursuant to Section 11,
to reimburse such Note B Holder for all such cure payments; and to each Note B Holder in the amount of any other unreimbursed reasonable
out-of-pocket costs and expenses paid or incurred by such Note B Holder, in each case to the extent reimbursable by, but not previously
reimbursed by, the Mortgage Loan Borrower;

 

(g)              
seventh, to each Note B Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid interest on the Principal Balance of such B Note, respectively, at the Net Note B Rate;

 

(h)              
eighth, to each Note B Holder, pro rata (based on the Principal Balances of such B Notes), until the respective
Principal Balances of the B Notes have been reduced to zero;

 

(i)                
ninth, to each Note B Holder, pro rata (based on the Principal Balances of such B Notes) in an aggregate amount
equal to the product of (i) the Note B Percentage Interest multiplied by (ii) the Note B Relative Spread and (iii) any Prepayment
Premium to the extent paid by the Mortgage Loan Borrower;

 

(j)                
tenth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(i) and, as a result of a Workout the aggregate
Principal Balance of B Notes has been reduced, such excess amount shall be paid to each Note B Holder pro rata (based on
the Principal Balances of such B Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each B Note as a result of such Workout, plus interest on such aggregate amount at the related Note B Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(k)              
eleventh, to the extent a Note C Holder have made any payments or advances to cure defaults pursuant to Section
11, to reimburse such Note C Holder for all such cure payments; and to each Note C Holder in the amount of any other unreimbursed
reasonable out-of-pocket costs and expenses paid or incurred by such Note C Holder, in each case to the extent reimbursable by,
but not previously reimbursed by, the Mortgage Loan Borrower;

 

(l)                
twelfth, to each Note C Holder, pro rata (based on their respective entitlements to interest) in an equal
to the accrued and unpaid interest on the Principal Balance of such C Note, respectively, at the Net Note C Rate;

 

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(m)            
thirteenth, to each Note C Holder, pro rata (based on the Principal Balances of such C Notes), until the respective
Principal Balances of the C Notes have been reduced to zero;

 

(n)              
fourteenth, to each Note C Holder, pro rata (based on the Principal Balances of such C Notes) in an aggregate
amount equal to the product of (i) the Note C Percentage Interest multiplied by (ii) the Note C Relative Spread and (iii) any Prepayment
Premium to the extent paid by the Mortgage Loan Borrower;

 

(o)              
fifteenth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(n) and, as a result of a Workout the aggregate
Principal Balance of C Notes has been reduced, such excess amount shall be paid to each Note C Holder pro rata (based on
the Principal Balances of such C Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each C Note as a result of such Workout, plus interest on such aggregate amount at the related Note C Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(p)             
sixteenth, to the extent a Note D Holder has made any payments or advances to cure defaults pursuant to Section
11, to reimburse such Note D Holder for all such cure payments; and to each Note D Holder in the amount of any other unreimbursed
reasonable out-of-pocket costs and expenses paid or incurred by such Note D Holder, in each case to the extent reimbursable by,
but not previously reimbursed by, the Mortgage Loan Borrower;

 

(q)             
seventeenth, to each Note D Holder, pro rata (based on their respective entitlements to interest) in an amount equal
to the accrued and unpaid interest on the Principal Balance of such D Note, respectively, at the Net Note D Rate;

 

(r)              
eighteenth, to each Note D Holder, pro rata (based on the Principal Balances of such D Notes), until the respective
Principal Balances of the D Notes have been reduced to zero;

 

(s)             
nineteenth, to each Note D Holder, pro rata (based on the Principal Balances of such D Notes) in an aggregate
amount equal to the product of (i) the Note D Percentage Interest multiplied by (ii) the Note D Relative Spread and (iii) any Prepayment
Premium to the extent paid by the Mortgage Loan Borrower;

 

(t)              
twentieth, if the proceeds of any foreclosure sale or any liquidation of a Mortgage Loan or Mortgaged Property exceed
the amounts required to be applied in accordance with the foregoing clauses (a)-(s) and, as a result of a Workout the aggregate
Principal Balance of D Notes has been reduced, such excess amount shall be paid to each Note D Holder pro rata (based on
the Principal Balances of such D Notes) in an aggregate amount up to the amount of such reduction, if any, of the Principal Balance
of each D Note as a result of such Workout, plus interest on such aggregate amount at the related Note D Rate from the date of
such reduction to the date of the receipt of such proceeds;

 

(u)             
twenty-first, to each Note A Holder, pro rata (based on their respective entitlements to interest) in an amount equal
to the accrued and unpaid Accrued Additional Interest on such A Note;

 

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(v)             
twenty-second, to each Note B Holder, pro rata (based on their respective entitlements to interest) in an
amount equal to the accrued and unpaid Accrued Additional Interest on such B Note;

 

(w)            
twenty-third, to each Note C Holder, pro rata (based on their respective entitlements to interest) in an amount
equal to the accrued and unpaid Accrued Additional Interest on such C Note;

 

(x)             
twenty-fourth, to each Note D Holder, pro rata (based on their respective entitlements to interest) in an
amount equal to the accrued and unpaid Accrued Additional Interest on such D Note;

 

(y)            
twenty-fifth, to the extent assumption or transfer fees actually paid by the Mortgage Loan Borrower are not required
to be otherwise applied under the Servicing Agreement, including, without limitation, to provide reimbursement for interest on
any Advances, to pay any Additional Servicing Expenses or to compensate a Servicer (in each case provided that such reimbursements
or payments relate to the Mortgage Loan), any such assumption or transfer fees, to the extent actually paid by the Mortgage Loan
Borrower, shall be paid pro rata to the Note A Holders, the Note B Holders, the Note C Holders and the Note D Holders in
accordance with the Note A Percentage Interest, the Note B Percentage Interest, the Note C Percentage Interest and the Note D Percentage
Interest, respectively, with the amount distributed to the Note A Holders to be allocated among the Note A Holders pro rata
based on the respective Principal Balances of such A Notes, with the amount distributed to the Note B Holders to be allocated between
the Note B Holders pro rata based on the respective Principal Balances of such B Notes, with the amount distributed to the
Note C Holders to be allocated between the Note C Holders pro rata based on the respective Principal Balances of such C
Notes, and with the amount distributed to the Note D Holders to be allocated between the Note D Holders pro rata based on
the respective Principal Balances of such D Notes; and

 

(z)            
twenty-sixth, if any excess amount, including, without limitation, any Default Interest, is available to be distributed
in respect of the Mortgage Loan, and not otherwise applied in accordance with the foregoing clauses (a)-(y), any remaining amount
shall, if not otherwise subject to allocation pursuant to the terms of the Servicing Agreement, be paid pro rata to the
Note A Holders, the Note B Holders, the Note C Holders and the Note D Holders in accordance with the initial Note A Percentage
Interest, the initial Note B Percentage Interest, the initial Note C Percentage Interest and the initial Note D Percentage Interest,
respectively, with the amount distributed to the Note A Holders to be allocated among the Note A Holders pro rata based
on the respective Principal Balances of such A Notes, with the amount distributed to the Note B Holders to be allocated between
the Note B Holders pro rata based on the respective Principal Balances of such B Notes, with the amount distributed to the
Note C Holders to be allocated between the Note C Holders pro rata based on the respective Principal Balances of such C
Notes, and with the amount distributed to the Note D Holders to be allocated between the Note D Holders pro rata based on
the respective Principal Balances of such D Notes.

 

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Section 5.        Administration of the Mortgage Loan.

 

(a)               
Subject to this Agreement (including, without limitation, Section 5(f) below) and the Servicing Agreement and consistent
with the Servicing Standard, the Lead Securitization Noteholder (or any Servicer acting on behalf of the Lead Securitization Noteholder)
shall have the sole and exclusive authority with respect to the administration of, and exercise of rights and remedies with respect
to, the Mortgage Loan, including, without limitation, the sole authority to modify or waive any of the terms of the Mortgage Loan
Documents or consent to any action or failure to act by the Mortgage Loan Borrower or any other party to the Mortgage Loan Documents,
call or waive any Event of Default, accelerate the Mortgage Loan or institute any foreclosure action or other remedy and no other
Noteholder shall have any voting, consent or other rights whatsoever with respect to the Lead Securitization Noteholder’s
administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan. Subject to this Agreement and the
Servicing Agreement (including, without limitation, Section 5(f) below) and consistent with the Servicing Standard, each
Non-Lead Securitization Noteholder and each Subordinate Noteholder agrees that it shall have no right to, and hereby presently
and irrevocably assigns and conveys to the Lead Securitization Noteholder (or any Servicer acting on behalf of the Lead Securitization
Noteholder) the rights, if any, that such Non-Lead Securitization Noteholder or Subordinate Noteholder, as applicable, has to,
(i) call or cause the Lead Securitization Noteholder to call an Event of Default under the Mortgage Loan, or (ii) exercise
any remedies with respect to the Mortgage Loan or the Mortgage Loan Borrower, including, without limitation, filing or causing
the Lead Securitization Noteholder to file any bankruptcy petition against the Mortgage Loan Borrower. The Lead Securitization
Noteholder (or any Servicer acting on behalf of the Lead Securitization Noteholder) shall not have any fiduciary duty to any Non-Lead
Noteholder in connection with the administration of the Mortgage Loan (but the foregoing shall not relieve the Lead Securitization
Noteholder from the obligation to make any disbursement of funds as set forth herein).

 

(b)              
The administration of the Mortgage Loan shall be governed by this Agreement and the Servicing Agreement. Each Noteholder
agrees to be bound by the terms of this Agreement and the Servicing Agreement. The Servicers shall service the Mortgage Loan in
accordance with the terms of this Agreement, including without limitation, the rights of the Subordinate Noteholders set forth
in Section 5(f) below and consistent with the Servicing Standard. Servicing of the Mortgage Loan shall be carried out by
the Master Servicer and, if the Mortgage Loan is a Specially Serviced Loan, by the Special Servicer, in each case pursuant to the
Servicing Agreement and consistent with the Servicing Standard. Notwithstanding anything to the contrary contained herein, in accordance
with the Servicing Agreement, the Lead Securitization Noteholder shall cause the Master Servicer and the Special Servicer to service
and administer the Mortgage Loan in accordance with the Servicing Standard, taking into account the interests of each of the Noteholders
as a collective whole (it being understood that (x) the interests of the Note B Holders are subordinate to the interests of the
Note A Holders, (y) the interests of the Note C Holders are subordinate to the interests of the Note A Holders and the Note B Holders,
and (z) the interests of the Note D Holders are subordinate to the interests of the Note A Holders, the Note B Holders and the
Note C Holders, in the cause of each of (x), (y) and (z) subject to the terms and conditions of this Agreement, including without
limitation the rights of the Controlling Noteholder), and any Subordinate Noteholder who is not a Borrower Party shall be deemed
a third party beneficiary of such provisions of the Servicing Agreement. The foregoing provisions of this

 

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Section 5(b)
shall not limit or modify the rights of the Controlling Noteholder and/or the Controlling Noteholder Representative to exercise
their respective rights specifically set forth under this Agreement.

 

(c)               
Notwithstanding anything to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement
and this Agreement (including, without limitation, Sections 5(f) and 6), if the Servicer in connection with a Workout
of the Mortgage Loan modifies the terms thereof in accordance herewith such that (i) the unpaid principal balance of the Mortgage
Loan is decreased, (ii) the Mortgage Loan Rate or scheduled amortization payments on such Mortgage Loan are reduced, (iii) payments
of interest or principal on such Mortgage Loan are waived, reduced or deferred or (iv) any other adjustment (other than an
increase in the Mortgage Loan Rate or increase in scheduled amortization payments) is made to any of the terms of the Mortgage
Loan, all payments to the Note A Holders, Note B Holders and Note C Holders pursuant to Section 3 and Section 4,
as applicable, shall be made as though such Workout did not occur, with the payment terms of Note A-1-A, Note A-1-B, Note A-1-C,
Note A-2-A, Note A-2-B and Note A-2-C remaining the same as they are on the date hereof, the full economic effect of all waivers,
reductions or deferrals of amounts due on the Mortgage Loan attributable to such Workout shall be borne, first, by the Note
D Holders (pro rata based on the Principal Balances of their respective Notes), second, by the Note C Holders (pro
rata based on the Principal Balances of their respective Notes), third, by the Note B Holders (pro rata based
on the Principal Balances of their respective Notes), and then, by the Note A Holders (pro rata based on the Principal
Balances of their respective Notes), in that order, in each case up to the amount otherwise due on such Note(s). Subject to the
Servicing Agreement and this Agreement (including without limitation Sections 5(f) and (6)), in the case of
any modification or amendment described above, the Lead Securitization Noteholder (or the Servicer on its behalf) will have the
sole authority and ability to revise the payment provisions set forth in Section 3 and Section 4 above
in a manner that reflects (x) the subordination of the B Notes to the A Notes, (y) the subordination of the C Notes to the A Notes
and the B Notes, and (z) the subordination of the D Notes to the A Notes, the B Notes and the C Notes, with respect to the loss
that is the result of such amendment or modification, including: (i) the ability to increase the Note A Percentage Interest,
to increase or reduce, as applicable, the Note B Percentage Interest, and to reduce the Note C Percentage Interest in a manner
that reflects a loss in principal as a result of such amendment or modification and (ii) the ability to change the Note A
Rate, the Note B Rate, the Note C Rate and the Note D Rate, as applicable, in order to reflect a reduction in the Mortgage Loan
Rate of the Mortgage Loan but shall not be permitted to change the order of the clauses set forth in Sections 3 and 4
hereof. Notwithstanding the foregoing, if any Workout, modification or amendment of the Mortgage Loan extends the original maturity
date of the Mortgage Loan, for purposes of this paragraph, the Balloon Payment will be deemed not to be due on the original maturity
date of the Mortgage Loan but will be deemed due on the extended maturity date of the Mortgage Loan.

 

(d)              
All rights and obligations of the Lead Securitization Noteholder described hereunder may be exercised by the Servicers on
behalf of the Lead Securitization Noteholder in accordance with the Servicing Agreement and this Agreement. Each Non-Lead Noteholder
shall be provided access to any website that an investor would be permitted to access in accordance with the procedures set forth
in the Servicing Agreement.

 

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(e)             
If any Note is included as an asset of a REMIC, any provision of this Agreement to the contrary notwithstanding: (i) the
Mortgage Loan shall be administered such that the Notes shall each qualify at all times as (or as interests in) a “qualified
mortgage” within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired
by or on behalf of the Noteholders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interests of
the Noteholders therein shall at all times qualify as “foreclosure property” within the meaning of Section 860G(a)(8)
of the Code and (iii) no Servicer may modify, waive or amend any provision of the Mortgage Loan, consent to or withhold consent
from any action of the Mortgage Loan Borrower, or exercise or refrain from exercising any powers or rights which the Noteholders
may have under the Mortgage Loan Documents, if any such action would constitute a “significant modification” of the
Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department of the Treasury, more
than three months after the earliest startup day of any REMIC which includes Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note
A-2-B or Note A-2-C (or any portion thereof). The Noteholders agree that the provisions of this Section 5(e) shall be effected
by compliance by the Lead Securitization Noteholder or its assignees with this Agreement or the Servicing Agreement or any other
agreement which governs the administration of the Mortgage Loan or the Lead Securitization Noteholder’s interests therein.
All costs and expenses of compliance with this Section 5(e), to the extent that such costs and expenses relate to administration
of a REMIC or to any determination respecting the amount, payment or avoidance of any tax under the REMIC Provisions or the actual
payment of any REMIC tax or expense, shall be borne by each Noteholder with respect to the REMIC containing the Note owned by such
Noteholder.

 

Anything herein or in
the Servicing Agreement to the contrary notwithstanding, in the event that a Note is included in a REMIC and the other Notes are
not, the other Noteholders shall not be required to reimburse such Noteholder that deposited its Note in the REMIC or any other
Person for payment of (i) any taxes imposed on such REMIC, (ii) any costs or expenses relating to the administration of such REMIC
or to any determination respecting the amount, payment or avoidance of any tax under such REMIC or (iii) any advances for any of
the foregoing or any interest thereon or for deficits in other items of disbursement or income resulting from the use of funds
for payment of any such taxes, costs or expenses or advances, nor shall any disbursement or payment otherwise distributable to
either such other Noteholder be reduced to offset or make-up any such payment or deficit.

 

(f)   
(i)      Subject to clauses (ii) or (iii) below, if any consent, modification, amendment or waiver under or other action in
respect of the Mortgage Loan (whether or not a Servicing Transfer Event has occurred and is continuing) that would constitute a
Major Decision has been requested or proposed or any fact or circumstance has occurred requiring that a Major Decision be made,
or if the Master Servicer or Special Servicer otherwise intends to make a Major Decision, then the Master Servicer or Special Servicer,
as applicable, shall deliver prompt written notice thereof to the Controlling Noteholder and its Controlling Noteholder Representative,
if any, at least ten (10) Business Days prior to taking action with respect to such Major Decision (or making a determination not
to take action with respect to such Major Decision), and none of the Master Servicer, the Special Servicer or any other Person
shall implement any decision with respect to such Major Decision (or make a determination not to take action with respect to such

 

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Major Decision) unless and until the Master Servicer or the Special Servicer, as applicable, has received the written consent of
the Controlling Noteholder (or its Controlling Noteholder Representative).

 

(ii)        If
the Master Servicer or Special Servicer, as applicable, has not received a response from the Controlling Noteholder (or its Controlling
Noteholder Representative) with respect to such Major Decision within five (5) Business Days after delivery of the notice of such
Major Decision, the Lead Securitization Noteholder (or the Special Servicer acting on its behalf) shall deliver an additional copy
of the notice of such Major Decision in all caps bold 14-point font: “This is a Second
Notice. Failure to respond within five (5) Business Days of this Second Notice will result in a loss of your right to consent with
respect to this decision,” and if the Controlling Noteholder fails to respond to the Lead Securitization Noteholder
(or the Special Servicer acting on its behalf) with respect to any such proposed action within five (5) Business Days after receipt
of such second notice, the Controlling Noteholder shall have no further consent rights with respect to such action (provided, however,
that such failure to reply shall not affect the rights of the Controlling Noteholder to consent to any future actions). Notwithstanding
the foregoing, or if a failure to take any such action at such time would be inconsistent with the Servicing Standard, the Servicer
may take actions with respect to such Mortgaged Property before obtaining the consent of the Controlling Noteholder (or its Controlling
Noteholder Representative) if the Servicer reasonably determines in accordance with the Servicing Standard that failure to take
such actions prior to such consent would materially and adversely affect the interest of the Noteholders as a collective whole,
and the Servicer has made a reasonable effort to contact the Controlling Noteholder. The foregoing shall not relieve the Lead Securitization
Noteholder (or a Servicer acting on its behalf) of its duties to comply with the Servicing Standard.

 

(iii)       Notwithstanding
the foregoing, the Lead Securitization Noteholder (or any Servicer acting on its behalf) shall not follow any advice, direction,
objection or consultation provided by the Controlling Noteholder (or its Controlling Noteholder Representative) that would require
or cause the Lead Securitization Noteholder (or any Servicer acting on its behalf) to violate any applicable law, including the
REMIC Provisions, be inconsistent with the Servicing Standard, require or cause the Lead Securitization Noteholder (or any Servicer
acting on its behalf) to violate provisions of this Agreement or the Servicing Agreement, require or cause the Lead Securitization
Noteholder (or any Servicer acting on its behalf) to violate the terms of the Mortgage Loan, or materially expand the scope of
the Lead Securitization Noteholder’s (or any Servicer acting on its behalf) responsibilities under this Agreement or the
Servicing Agreement.

 

The Special Servicer
shall be required to provide copies to each Non-Controlling Noteholder of any notice, information and report that is required to
be provided to the Controlling Noteholder pursuant to the Servicing Agreement with respect to any Major Decisions or the implementation
of any recommended actions outlined in an Asset Status Report within the same time frame such notice, information and report is
required to be provided to the Controlling Noteholder, and at any time the Controlling Noteholder is the Note A-2-A Holder,
the Special Servicer shall be required to consult with each Non-Controlling A Noteholder on a strictly non-binding basis,
to the extent having received such notices, information and reports, any Non-Controlling A Noteholder requests consultation with
respect to any such Major Decisions or the implementation of any recommended actions outlined in an Asset Status Report, and consider

 

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alternative actions recommended by such Non-Controlling A Noteholder; provided that after the expiration of a period of
ten (10) Business Days from the delivery to any Non-Controlling A Noteholder by the Special Servicer of written notice of a proposed
action, together with copies of the notice, information and reports, the Special Servicer shall no longer be obligated to consult
with such Non-Controlling A Noteholder, whether or not such Non-Controlling A Noteholder has responded within such ten (10)
Business Day period (unless, the Special Servicer proposes a new course of action that is materially different from the action
previously proposed, in which case such ten (10) Business Day period shall be deemed to begin anew from the date of such proposal
and delivery of all information relating thereto). After the Note A-1-A Securitization, references in this paragraph to the Non-Controlling
Noteholder as such term relates to the Note A-1-A Holder shall mean the related Non-Lead Securitization Subordinate Class Representative.
After the Note A-1-B Securitization, references in this paragraph to the Non-Controlling Noteholder as such term relates to the
Note A-1-B Holder shall mean the related Non-Lead Securitization Subordinate Class Representative. After the Note A-1-C Securitization,
references in this paragraph to the Non-Controlling Noteholder as such term relates to the Note A-1-C Holder shall mean the related
Non-Lead Securitization Subordinate Class Representative. After the Note A-2-B Securitization, references in this paragraph to
the Non-Controlling Noteholder as such term relates to the Note A-2-B Holder shall mean the related Non-Lead Securitization Subordinate
Class Representative. After the Note A-2-C Securitization, references in this paragraph to the Non-Controlling Noteholder as such
term relates to the Note A-2-C Holder shall mean the related Non-Lead Securitization Subordinate Class Representative.

 

In addition to the consultation
rights provided in the immediately preceding paragraph, at any time the Controlling Noteholder is the Note A-2-A Holder, each
Non-Controlling A Noteholder shall have the right to attend annual meetings (which may be held telephonically or in person, at
the discretion of the Servicer) with the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting
on its behalf), upon reasonable notice and at times reasonably acceptable to the Master Servicer or the Special Servicer, as applicable,
in which servicing issues related to the Mortgage Loan are discussed.

 

The Noteholders acknowledge
that the Lead Securitization Servicing Agreement may contain certain provisions that give the Operating Advisor or Risk Retention
Consultation Party certain non-binding consultation rights with respect to Major Decisions and other events related to compliance
with the Risk Retention Rules applicable to the Lead Securitization.

 

(g)              
Any of (x) the Note B Holders, acting unanimously, or (y) the Note C Holders, acting unanimously, or (z) the Note D Holders,
acting unanimously, shall be entitled to avoid a Note B Control Appraisal Period, a Note C Control Appraisal Period or a Note D
Control Appraisal Period, respectively, caused by application of an Appraisal Reduction Amount upon satisfaction of the following
(which must be completed within thirty (30) days of receipt of a third party Appraisal ordered by the Master Servicer or the Special
Servicer that indicates such Control Appraisal Period has occurred (which such Appraisal the Special Servicer will be required
to deliver to each Subordinate Noteholder within two Business Days of receipt by the Special Servicer of such third party Appraisal)
together with the Master Servicer’s calculation of the Appraisal Reduction Amount applicable to each Subordinate Note): (i)
such Subordinate Noteholder(s) shall have delivered Threshold Event Collateral as a supplement to the appraised value of the Mortgaged
Property, in the amount specified in clause (ii) below, to the Servicer,

 

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together with documentation acceptable to the Servicer
in accordance with the Servicing Standard to create and perfect a first priority security interest in favor of the Servicer on
behalf of the Lead Securitization Noteholder in (a) cash collateral for the benefit of, and acceptable to, the Servicer or (b)
an unconditional and irrevocable standby letter of credit with the Lead Securitization Noteholder (or after the closing of the
Lead Securitization, the Servicer or such other party as provided under the Servicing Agreement) as the beneficiary, issued by
a bank or other financial institutions the long term unsecured debt obligations of which are rated at least “AA” by
S&P, “A” by Fitch and “Aa2” by Moody’s or the short term obligations of which are rated at least
“A-1+” by S&P, “F-1” by Fitch and “P-1” by Moody’s, in each case ignoring any of
the foregoing ratings requirements with respect to any rating agency that is not one of the Rating Agencies (either (a) or (b),
the “Threshold Event Collateral”), and (ii) the Threshold Event Collateral shall be in an amount which, when
added to the appraised value of the Mortgaged Property as determined pursuant to the Servicing Agreement, would cause the applicable
Control Appraisal Period not to occur. If the requirements of this paragraph are satisfied by a Subordinate Noteholder (a “Threshold
Event Cure”), no Control Appraisal Period caused by application of an Appraisal Reduction Amount shall be deemed to have
occurred with respect to such Subordinate Noteholder. If a letter of credit is furnished as Threshold Event Collateral, the applicable
Subordinate Noteholder(s) shall be required to renew such letter of credit not later than thirty (30) days prior to expiration
thereof or to replace such letter of credit with a substitute letter of credit or other Threshold Event Collateral with an expiration
date that is greater than forty-five (45) days from the date of substitution; provided, however, that, if a letter
of credit is not renewed prior to thirty (30) days prior to the expiration date of such letter of credit, the letter of credit
shall provide that the Servicer may (and at the direction of the applicable Controlling Noteholder, shall) draw upon such letter
of credit and hold the proceeds thereof as Threshold Event Collateral. If a letter of credit is furnished as Threshold Event Collateral,
the applicable Subordinate Noteholder(s) shall be required to replace such letter of credit with other Threshold Event Collateral
within 30 days if the credit ratings of the issuing entity are downgraded below the required ratings; provided, however,
that, if such Threshold Event Collateral is not so replaced, the Servicer shall draw upon such letter of credit and hold the proceeds
thereof as Threshold Event Collateral. The Threshold Event Cure shall continue until (i) the appraised value of the Mortgaged Property
plus the value of the Threshold Event Collateral would not be sufficient to prevent the applicable Control Appraisal Period from
occurring; (ii) the occurrence of a Final Recovery Determination or (iii) the return of the Threshold Event Collateral pursuant
to the following sentence. If the appraised value of the Mortgaged Property, upon any redetermination thereof, is sufficient to
avoid the occurrence of a Control Appraisal Period without taking into consideration any, or some portion of, Threshold Event Collateral
previously delivered by one or more Subordinate Noteholder(s), any or such portion of Threshold Event Collateral held by the Servicer
shall promptly be returned to such Subordinate Noteholder(s) (at its/their sole expense). Upon a Final Recovery Determination with
respect to the Mortgage Loan, such Threshold Event Collateral shall be available to reimburse each Noteholder for any realized
loss pursuant to Sections 3 or 4, as applicable, with respect to the Mortgage Loan after application of the net proceeds
of liquidation, not in excess of the Note A-1-A Principal Balance, the Note A-1-B Principal Balance, the Note A-1-C Principal Balance,
the Note A-2-A Principal Balance, the Note A-2-B Principal Balance, the Note A-2-C Principal Balance, the Note B-1-A Principal
Balance, the Note B-1-B Principal Balance, the Note B-2-A Principal Balance, the Note B-2-B Principal Balance, the Note C-1-A Principal
Balance, the Note C-1-B Principal Balance, the Note C-2-A Principal Balance, the Note C-2-B Principal Balance,

 

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the Note D-1 Principal
Balance and the Note D-2 Principal Balance, as the case may be, plus accrued and unpaid interest thereon at the applicable interest
rate and all other Additional Servicing Expenses reimbursable under this Agreement and under the Servicing Agreement. Any Threshold
Event Collateral shall be treated as an “outside reserve fund” for purposes of the REMIC Provisions and such property
(and the right to reimbursement of any amounts with respect thereto from a REMIC) shall be beneficially owned by the posting Noteholder
who shall be taxed on all income with respect thereto. The entire amount of Threshold Event Collateral, without a haircut or other
reduction, shall be considered in determining the sufficiency of such Threshold Event Collateral to avoid a Control Appraisal Period.

 

(h)              
Regardless of whether a Control Appraisal Period is in effect with respect to a Subordinate Note, each of the Master Servicer
and the Special Servicer shall provide to each Subordinate Noteholder copies of all notices, reports and information that the Servicing
Agreement requires such Master Servicer or Special Servicer, as the case may be, to provide to the Controlling Noteholder during
such time as no Control Appraisal Period is in effect.

 

(i)                
The Master Servicer or Special Servicer shall obtain appraisals that meet the requirements of, and at the times required
pursuant to, the terms of the Servicing Agreement.

 

(j)                
Notwithstanding anything to the contrary contained herein or in the Servicing Agreement, if at any time a Borrower Party
is a Noteholder (a “Borrower Party Noteholder”), then (i) such Borrower Party Noteholder shall not have any
rights as a Controlling Noteholder or a Controlling Class Representative, (ii) such Borrower Party Noteholder shall have no right
to appoint or terminate the Master Servicer or Special Servicer, (iii) such Borrower Party Noteholder shall have no right to consult
with or advise the Master Servicer or Special Servicer, and shall have no right to review and approve or comment on any Asset Status
Report and (iv) in each and every instance where, pursuant to this Agreement or the Servicing Agreement, the Master Servicer or
Special Servicer must take into account the interests of each Noteholder (or words of similar import), such consideration shall
be given to the Borrower Party Noteholder only in its capacity as a holder of the applicable Note.

 

(k)              
If an Event of Default under the Mortgage Loan has occurred and is continuing, the Special Servicer may, in accordance with
the terms and provisions of the Servicing Agreement and subject to the Servicing Standard, elect to sell (1) the Mortgage Loan,
subject to the consent right of the Controlling Noteholder (or its Controlling Noteholder Representative), in which case such sale
would include each of the A Notes, the B Notes, the C Notes and the D Notes as determined by the Special Servicer in accordance
with the Servicing Standard (taking into account the subordinate nature of the Subordinate Notes) or (2) Note A-1-A, Note A-1-B,
Note A-1-C, Note A-2-A, Note A-2-B and Note A-2-C together, in which case of this clause (2) the Special Servicer shall provide
notice to the Non-Lead Master Servicer who shall provide notice to the related Non-Controlling A Noteholder of the planned sale
and of such Non-Controlling A Noteholder’s opportunity to submit an offer on Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A,
Note A-2-B and Note A-2-C together.

 

Each Non-Lead Noteholder
hereby appoints the Lead Securitization Noteholder as its agent, and grants to the Lead Securitization Noteholder an irrevocable
power of attorney coupled with an interest, and its proxy, for the purpose of soliciting and accepting offers for and

 

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consummating
the sale of its respective Non-Lead Note. Each Non-Lead Noteholder further agrees that, upon the request of the Lead Securitization
Noteholder, the Non-Lead Noteholder shall execute and deliver to or at the direction of the Lead Securitization Noteholder such
powers of attorney or other instruments as the Lead Securitization Noteholder may reasonably request to better assure and evidence
the foregoing appointment and grant, in each case promptly following request, and shall deliver its respective original Non-Lead
Note, endorsed in blank, to or at the direction of the Lead Securitization Noteholder in connection with the consummation of any
such sale. For the avoidance of doubt, this paragraph is subject to the consent right of the Controlling Noteholder in the immediately
preceding paragraph.

 

The authority of the
Lead Securitization Noteholder to sell a Non-Lead Note, and the obligations of a Non-Lead Noteholder to execute and deliver instruments
or deliver the Non-Lead Note upon request of the Lead Securitization Noteholder, shall terminate and cease to be of any further
force or effect upon the date, if any, upon which the Lead Securitization Note is repurchased by the Person that sold such Lead
Securitization Note into the Lead Securitization from the Lead Securitization Trust in connection with a material breach of representation
or warranty made by such Person with respect to the Lead Securitization Note or material document defect with respect to the documents
delivered by such Person with respect to the Lead Securitization Note upon the consummation of the Lead Securitization. The preceding
sentence shall not be construed to grant to the Non-Lead Securitization Noteholder the benefit of any representation or warranty
made by the Person that sold such Lead Securitization Note into the Lead Securitization or any document delivery obligation imposed
on such Person under any mortgage loan purchase and sale agreement, instrument of transfer or other document or instrument that
may be executed or delivered by such Person in connection with the Lead Securitization.

 

Section 6.        Appointment of Controlling Noteholder Representative.

 

(a)               
The Controlling Noteholder shall have the right at any time to appoint a controlling noteholder representative to exercise
its rights hereunder (the “Controlling Noteholder Representative”). The Controlling Noteholder shall have the
right in its sole discretion at any time and from time to time to remove and replace the Controlling Noteholder Representative.
When exercising its various rights under Section 5 and elsewhere in this Agreement, the Controlling Noteholder may, at its
option, in each case, act through the Controlling Noteholder Representative. The Controlling Noteholder Representative may be any
Person (other than a Borrower Party), including, without limitation, the Controlling Noteholder, any officer or employee of the
Controlling Noteholder, any Affiliate of the Controlling Noteholder or any other unrelated third party. No such Controlling Noteholder
Representative shall owe any fiduciary duty or other duty to any other Person (other than the Controlling Noteholder). All actions
that are permitted to be taken by the Controlling Noteholder under this Agreement may be taken by the Controlling Noteholder Representative
acting on behalf of the Controlling Noteholder and other Noteholders (and any Servicer) will accept such actions of the Controlling
Noteholder Representative as actions of the Controlling Noteholder. The Lead Securitization Noteholder (or any Servicer on its
behalf) shall not be required to recognize any Person as a Controlling Noteholder Representative until the Controlling Noteholder
has notified the Lead Securitization Noteholder (and any Servicer) of such appointment and, if the Controlling Noteholder Representative
is not the same Person as the Controlling Noteholder, the Controlling Noteholder Representative provides the Lead

 

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Securitization
Noteholder (and any Servicer) with written confirmation of its acceptance of such appointment, an address, any fax number and any
email address for the delivery of notices and other correspondence and a list of officers or employees of such person with whom
the parties to this Agreement may deal (including their names, titles, work addresses, telephone numbers, any fax numbers and any
email addresses). The Controlling Noteholder shall promptly deliver such information to any Servicer. None of the Servicers, Operating
Advisor and Trustee shall be required to recognize any person as a Controlling Noteholder Representative until they receive such
information from the Controlling Noteholder. The Controlling Noteholder agrees to inform each such Servicer or Trustee of the then-current
Controlling Noteholder Representative.

 

(b)              
Neither the Controlling Noteholder Representative nor the Controlling Noteholder will have any liability to any other Noteholder
or any other Person for any action taken, or for refraining from the taking of any action pursuant to this Agreement or the Servicing
Agreement, or for errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad
faith or gross negligence. The Noteholders agree that the Controlling Noteholder Representative and the Controlling Noteholder
may take or refrain from taking actions that favor the interests of one Noteholder over any other Noteholder, and that the Controlling
Noteholder Representative may have special relationships and interests that conflict with the interests of a Noteholder and, absent
willful misfeasance, bad faith or gross negligence on the part of the Controlling Noteholder Representative or such Controlling
Noteholder, as the case may be, agree to take no action against the Controlling Noteholder Representative, such Controlling Noteholder
or any of their respective officers, directors, employees, principals or agents as a result of such special relationships or interests,
and that neither the Controlling Noteholder Representative nor such Controlling Noteholder will be deemed to have been grossly
negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance or to have recklessly disregarded any exercise
of its rights by reason of its having acted or refrained from acting solely in the interests of any Noteholder.

 

(c)               
If the Lead Securitization Noteholder is the Controlling Noteholder, each of the other Noteholders acknowledges and agrees
all of the aforementioned rights and obligations of the Controlling Noteholder and the Controlling Noteholder Representative set
forth in Section 5(f) and 5(g) and this Section 6 shall be exercisable by the Lead Securitization Noteholder
(or the applicable Person specified in the Servicing Agreement) to the extent set forth in the Servicing Agreement.

 

Section 7.               
Special Servicer. The Controlling Noteholder (or its Controlling Noteholder Representative), at its expense (including,
without limitation, the reasonable costs and expenses of counsel to any third parties and costs and expenses of the terminated
Special Servicer), shall have the right, at any time from time to time, to appoint a replacement Special Servicer with respect
to the Mortgage Loan. The Controlling Noteholder (or its Controlling Noteholder Representative) shall be entitled to terminate
the rights and obligations of any Special Servicer under the Servicing Agreement, with or without cause, upon at least ten (10)
Business Days’ prior written notice to the Special Servicer (provided, however, that the Controlling Noteholder
and/or Controlling Noteholder Representative shall not be liable for any termination or similar fee in connection with the removal
of the Special Servicer in accordance with this Section 7); such termination not to be effective unless and until (A) each
Rating Agency delivers a Rating Agency Confirmation (to the extent any portion of the Mortgage Loan has been securitized); (B)
the

 

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successor Special Servicer has assumed in writing (from and after the date such successor Special Servicer becomes the Special
Servicer) all of the responsibilities, duties and liabilities of the Special Servicer under the Servicing Agreement from and after
the date it becomes the Special Servicer as they relate to the Mortgage Loan pursuant to an assumption agreement reasonably satisfactory
to the Trustee; and (C) the Trustee shall have received an opinion of counsel reasonably satisfactory to the Trustee to the effect
that (x) the designation of such replacement to serve as Special Servicer is in compliance with the Servicing Agreement, (y) such
replacement will be bound by the terms of the Servicing Agreement with respect to such Mortgage Loan and (z) subject to customary
qualifications and exceptions, the applicable Servicing Agreement will be enforceable against such replacement in accordance with
its terms. The Lead Securitization Noteholder shall promptly provide copies to any terminated Special Servicer of the documents
referred to in the preceding sentence. The Lead Securitization Noteholder will reasonably cooperate with the Controlling Noteholder
in order to satisfy the foregoing conditions, including the Rating Agency Confirmation.

 

The Controlling Noteholder
agrees and acknowledges that the Lead Securitization Servicing Agreement may contain provisions such that any Special Servicer
could be terminated under the Lead Securitization Servicing Agreement based on a recommendation by the Operating Advisor if (A)
the Operating Advisor determines, in its sole discretion exercised in good faith, that (1) the Special Servicer has failed to comply
with the Servicing Standard and (2) a replacement of the Special Servicer would be in the best interest of the holders of securities
issued under the Lead Securitization Servicing Agreement (as a collective whole) and (B) an affirmative vote of requisite certificateholders
is obtained. The Controlling Noteholder will retain its right to remove and replace the Special Servicer, but the Controlling Noteholder
may not restore a Special Servicer that has been removed in accordance with the preceding sentence.

 

Section 8.        Payment Procedure.

 

(a)            
The Lead Securitization Noteholder (or the Master Servicer on its behalf), in accordance with the priorities set forth in
Section 3 or 4, as applicable, and subject to the terms of the Servicing Agreement, will deposit or cause to be deposited
all payments allocable to the Notes to the Collection Account or Companion Distribution Account established pursuant to the Servicing
Agreement. The Lead Securitization Noteholder (or the Master Servicer on its behalf) shall establish a segregated sub-account for
amounts due to each Noteholder. The Lead Securitization Noteholder (or the Master Servicer acting on its behalf) shall deposit
such amounts to the applicable account within two (2) Business Days following the Lead Securitization Noteholder’s (or the
Master Servicer’s acting on its behalf) receipt of properly identified and available funds from or on behalf of the Mortgage
Loan Borrower; provided, however, that in the event the Master Servicer is in receipt of properly identified funds
that are not available to the Master Servicer, the Master Servicer may instead deposit such amounts into the Collection Account
and Companion Distribution Account, as applicable, on the same Business Day that such properly identified funds become available
to the Master Servicer.

 

(b)           
If the Lead Securitization Noteholder (or the Servicer on its behalf) determines, or a court of competent jurisdiction orders,
at any time that any amount received or collected in respect of a Note must, pursuant to any insolvency, bankruptcy, fraudulent
conveyance, preference or similar law, be returned to the Mortgage Loan Borrower or paid to such

 

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Noteholder or any Servicer or
paid to any other Person, then, notwithstanding any other provision of this Agreement, the Lead Securitization Noteholder (or the
Servicer on its behalf) shall not be required to distribute any portion thereof to such Noteholder and such Noteholder will promptly
on demand by the Lead Securitization Noteholder (or the Servicer on its behalf) repay to the Lead Securitization Noteholder (or
the Servicer on its behalf) any portion thereof that the Lead Securitization Noteholder (or the Servicer on its behalf) shall have
theretofore distributed to such Noteholder, together with interest thereon at such rate, if any, as the Lead Securitization Noteholder
shall have been required to pay to the Mortgage Loan Borrower, the Master Servicer, Special Servicer, any other Noteholder or such
other Person with respect thereto.

 

(c)              
If, for any reason, the Lead Securitization Noteholder (or the Servicer on its behalf) makes any payment to any other Noteholder
before the Lead Securitization Noteholder (or the Servicer on its behalf) has received the corresponding payment (it being understood
that the Lead Securitization Noteholder (or the Servicer on its behalf) is under no obligation to do so), and the Lead Securitization
Noteholder (or the Servicer on its behalf) does not receive the corresponding payment within three (3) Business Days of its payment
to such other Noteholder, then such other Noteholder will, at the Lead Securitization Noteholder’s (or the Servicer’s
on its behalf) request, promptly return that payment to the Lead Securitization Noteholder (or the Servicer on its behalf).

 

(d)              
Each Noteholder agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage
Loan in excess of its distributable share thereof, it will promptly remit such excess to the Lead Securitization Noteholder (or
the Servicer on its behalf) subject to this Agreement and the Servicing Agreement and to be distributed pursuant to the terms of
this Agreement. The Lead Securitization Noteholder (or the Servicer on its behalf) shall have the right to offset any amounts due
hereunder from any other Noteholder, as applicable, with respect to the Mortgage Loan against any future payments due to such other
Noteholder, as applicable, under the Mortgage Loan, provided, that each Noteholder’s obligations under this Section
8 are separate and distinct obligations from one another and in no event shall the Lead Securitization Noteholder (or the Servicer
on its behalf) enforce the obligations of one Noteholder against another Noteholder. Each Noteholder’s obligations under
this Section 8 constitute absolute, unconditional and continuing obligations.

 

Section 9.         Limitation on Liability of the Noteholders. No Noteholder (including any Servicer on a Noteholder’s behalf,
but only to the extent that the Servicing Agreement does not impose any other standard upon any Servicer, in which case the Servicing
Agreement shall control) shall have any liability to any other Noteholder except with respect to losses actually suffered due to
the gross negligence, willful misconduct or breach of this Agreement on the part of such Noteholder.

 

Each Subordinate Noteholder
acknowledges that, subject to the terms and conditions hereof and the obligation of the Lead Securitization Noteholder (including
any Servicer) to comply with, and except as otherwise required by, the Servicing Standard, the Lead Securitization Noteholder (including
any Servicer) may exercise, or omit to exercise, any rights that the Lead Securitization Noteholder may have under this Agreement
and the Servicing Agreement in a manner that may be adverse to the interests of such Subordinate Noteholder and that the Lead Securitization
Noteholder (including any Servicer) shall have no liability whatsoever

 

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to such Subordinate Noteholder in connection with the Lead
Securitization Noteholder’s exercise of rights or any omission by the Lead Securitization Noteholder to exercise such rights
other than as described above; provided, however, that such Servicer must act in accordance with the Servicing Standard.

 

Each Subordinate Noteholder
acknowledges that, subject to the terms and conditions hereof and the obligation of any Non-Lead Securitization Noteholder (including
any Non-Lead Servicer) to comply with, and except as otherwise required by, the Servicing Standard (as if such standard was applicable
to any Non-Lead Securitization Noteholder as a “servicer” thereunder), each Non-Lead Securitization Noteholder (including
any Non-Lead Servicer) may exercise, or omit to exercise, any rights that such Non-Lead Securitization Noteholder may have under
this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of such Subordinate Noteholder and
that any Non-Lead Securitization Noteholder (including any Non-Lead Servicer) shall have no liability whatsoever to such Subordinate
Noteholder in connection with any Non-Lead Securitization Noteholder’s exercise of rights or any omission by a Non-Lead Securitization
Noteholder to exercise such rights other than as described above; provided, however, that the Non-Lead Servicer must
act in accordance with the servicing standard under the Non-Lead Securitization Servicing Agreement.

 

Each Noteholder acknowledges
that, subject to the terms and conditions hereof, any other Noteholder may exercise, or omit to exercise, any rights that such
Noteholder may have under this Agreement and the Servicing Agreement in a manner that may be adverse to the interests of each other
Noteholder and that such Noteholder shall have no liability whatsoever to any other Noteholder in connection with such Noteholder’s
exercise of rights or any omission by such Noteholder to exercise such rights; provided, however, that such Noteholder
shall not be protected against any liability to any other Noteholder that would otherwise be imposed by reason of willful misfeasance,
bad faith or negligence.

 

Section 10.        Bankruptcy. Subject to the provisions of Section 5(f) hereof and the Servicing Standard, each Noteholder hereby
covenants and agrees that only the Lead Securitization Noteholder (or the Servicer on its behalf) has the right to institute, file,
commence, acquiesce, petition under Bankruptcy Code Section 303 or otherwise or join any Person in any such petition or otherwise
invoke or cause any other Person to invoke an Insolvency Proceeding with respect to or against the Mortgage Loan Borrower or seek
to appoint a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official with respect to the Mortgage
Loan Borrower or all or any part of its property or assets or ordering the winding-up or liquidation of the affairs of the Mortgage
Loan Borrower. Subject to the provisions of Section 5(f) hereof and the Servicing Standard, each Noteholder further agrees
that only the Lead Securitization Noteholder, as a creditor, can make any election, give any consent, commence any action or file
any motion, claim, obligation, notice or application or take any other action in any case by or against the Mortgage Loan Borrower
under the Bankruptcy Code or in any other Insolvency Proceeding. Subject to the provisions of Section 5(f), the Noteholders
hereby appoint the Lead Securitization Noteholder as their agent, and grant to the Lead Securitization Noteholder an irrevocable
power of attorney coupled with an interest, and their proxy, for the purpose of exercising any and all rights and taking any and
all actions available to the Subordinate Noteholders and the Controlling Noteholder in connection with any case by or against the
Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding, including, without limitation, the right
to file and/or

 

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prosecute any claim, vote to accept or reject a plan, to make any election under Section 1111(b) of the Bankruptcy
Code with respect to the Mortgage Loan, and to file a motion to modify, lift or terminate the automatic stay with respect to the
Mortgage Loan. The Noteholders, hereby agree that, upon the request of the Lead Securitization Noteholder but subject to the provisions
of Section 5(f), each other Noteholder shall execute, acknowledge and deliver to the Lead Securitization Noteholder all
and every such further deeds, conveyances and instruments as the Lead Securitization Noteholder may reasonably request for the
better assuring and evidencing of the foregoing appointment and grant. All actions taken by any Servicer in connection with any
Insolvency Proceeding are subject to and must be in accordance with the Servicing Standard.

 

Section 11.        
Cure Rights of Subordinate Noteholders.

 

(a)               
Subject to Section 11(b) below, in the event that the Mortgage Loan Borrower fails to make any payment of principal
or interest on the Mortgage Loan by the end of the applicable grace period for such payment permitted under the applicable Mortgage
Loan Documents (a “Monetary Default”), the Lead Securitization Noteholder shall provide written notice to each
Subordinate Noteholder and the Controlling Noteholder Representative of such default (the “Monetary Default Notice”).
The Note B Holders, acting unanimously, the Note C Holders, acting unanimously, and the Note D Holders, acting unanimously, shall
each have the right, but not the obligation, to cure such Monetary Default within seven (7) Business Days after receiving the Monetary
Default Notice (the “Cure Period”) and at no other times. The Monetary Default Notice shall contain a statement
that the Subordinate Noteholder(s)’ or the Controlling Noteholder Representative’s failure to cure such Monetary Default
within seven (7) Business Days after receiving such notice will result in the termination of the right to cure such Monetary Default.
At the time a payment is made by one or more Subordinate Noteholder(s) to cure a Monetary Default, such Subordinate Noteholder(s)
shall pay or reimburse the Note A Holders, and if Note C Holders are effecting such cure, the Note B Holders, and if Note D Holders
are effecting such cure, the Note C Holders, for all unreimbursed Advances (whether or not recoverable with respect to any Note),
Advance Interest Amounts, any unpaid fees to any Servicer and any Additional Servicing Expenses. No Subordinate Noteholder shall
be required, in order to effect a cure hereunder, to pay any default interest or late charges under the Mortgage Loan Documents.
So long as a Monetary Default exists for which a cure payment permitted hereunder is made, such Monetary Default shall not be treated
as an Event of Default by the Lead Securitization Noteholder (including for purposes of (i) the definition of “Sequential
Pay Event,” (ii) accelerating the Mortgage Loan, modifying, amending or waiving any provisions of the Mortgage Loan Documents
or commencing proceedings for foreclosure or the taking of title by deed-in-lieu of foreclosure or other similar legal proceedings
with respect to the Mortgaged Property; or (iii) treating the Mortgage Loan as a Specially Serviced Loan); provided that
such limitation shall not prevent the Lead Securitization Noteholder from collecting Default Interest or late charges from the
Mortgage Loan Borrower to be applied in accordance with this Agreement. Any amounts advanced by a Noteholder on behalf of the Mortgage
Loan Borrower to effect any cure shall be reimbursable to such Noteholder under Section 3 or Section 4,
as applicable.

 

(b)              
Notwithstanding anything to the contrary contained in Section 11(a), the Subordinate Noteholders’ right to
cure a Monetary Default or Non-Monetary Default under Section 11(a) shall be limited to a combined total of (i) six (6)
cures of Monetary Defaults over the term of the Mortgage Loan, no more than four (4) of which may be consecutive, and (ii) six

 

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(6) cures of Non-Monetary Defaults over the term of the Mortgage Loan. Additional cure periods shall only be permitted with the
consent of the Lead Securitization Noteholder and, in the case of additional cure periods requested by (i) the Note C Holders,
the Note B-1-A Holder’s consent will also be required, and (ii) the Note D Holders, the Note C-1-A Holder’s consent
will also be required.

 

(c)               
No action taken by a Subordinate Noteholder in accordance with this Agreement shall excuse performance by the Mortgage Loan
Borrower of its obligations under the Mortgage Loan Documents and the Note A Holders’ respective rights under the Mortgage
Loan Documents shall not be waived or prejudiced by virtue of any Subordinate Noteholder’s actions under this Agreement.
Subject to the terms of this Agreement, each Subordinate Noteholder shall be subrogated to the Note A Holders’ respective
rights to any payment owing to such Note A Holders for which such Subordinate Noteholder makes a cure payment as permitted under
this Section 11, and the Note C Holders shall be subrogated to the Note B Holders’ respective rights to any payment
owing to such Note B Holders for which the Note C Holders make a cure payment as permitted under this Section 11, and the
Note D Holders shall be subrogated to the Note C Holders’ and the Note B Holders’ respective rights to any payment
owing to such Note B Holders and Note C Holders for which the Note C Holders make a cure payment as permitted under this Section
11, but in each case such subrogation rights may not be exercised against the Mortgage Loan Borrower until ninety-one (91)
days after the Note is paid in full.

 

(d)              
If an Event of Default (other than a Monetary Default) occurs and is continuing under the Mortgage Loan Documents (a “Non-Monetary
Default”), the Lead Securitization Noteholder shall provide notice of such Non-Monetary Default to each Subordinate Noteholder
and the Controlling Noteholder Representative of such Non-Monetary Default (the “Non-Monetary Default Notice”)
and the Note B Holders, acting unanimously, the Note C Holders, acting unanimously, and the Note D Holders, acting unanimously,
shall each have the right, but not the obligation, to cure such Non-Monetary Default until the later of (a) the expiration date
of the cure period afforded to the Mortgage Loan Borrower under the Mortgage Loan Documents, without regard for the date of receipt
by such Subordinate Noteholder(s) of the Non-Monetary Default Notice, and (b) the date which is thirty (30) days from the date
of receipt by such Subordinate Noteholder(s) of the Non-Monetary Default Notice related to such Non-Monetary Default; provided,
however, if such Non-Monetary Default is susceptible of cure but cannot reasonably be cured within such period and if curative
action was promptly commenced and is being diligently pursued by one or more Subordinate Noteholder(s), such Subordinate Noteholder(s)
(unless a Control Appraisal Period has occurred and is continuing with respect to such Subordinate Noteholder(s)) shall be given
an additional period of time as is reasonably necessary to enable such Subordinate Noteholder(s) in the exercise of due diligence
to cure such Non-Monetary Default for so long as (i) such Subordinate Noteholder(s) diligently and expeditiously proceed to cure
such Non-Monetary Default, (ii) such Subordinate Noteholder(s) make all cure payments that they are permitted to make in accordance
with the terms and provisions of Section 11(a) hereof, (iii) such additional period of time does not exceed ninety (90)
days, (iv) such Non-Monetary Default is not caused by an Insolvency Proceeding or during such period of time that the Note B Holders,
the Note C Holders or the Note D Holders have to cure a Non-Monetary Default in accordance with this Section 11(d) (the
“Non-Monetary Default Cure Period”), an Insolvency Proceeding does not occur, and (v) during such Non-Monetary
Default Cure Period, there is no material adverse effect on the value, use or operation of the Mortgaged

 

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Property taken as whole,
which cannot be cured by the applicable Subordinate Noteholder(s) within five (5) days of such notice of such material adverse
effect (and which is in fact cured within such time period). The Non-Monetary Default Notice shall contain a statement that the
Subordinate Noteholders’ or the Controlling Noteholder Representative’s failure to cure such Non-Monetary Default within
the applicable Non-Monetary Default Cure Period after receiving such notice will result in the termination of the right to cure
such Non-Monetary Default. No Subordinate Noteholder shall contact the Mortgage Loan Borrower in order to effect any cures under
Section 11(a) or this Section 11(d) without the prior written consent of the Lead Securitization Noteholder (or the
Servicer on its behalf), such consent not to be unreasonably withheld, conditioned or delayed.

 

(e)               
In the event that the Note B Holders, acting unanimously, and the Note C Holders, acting unanimously, deliver a notice of
exercise of cure rights, the Note C Holders, acting unanimously, shall have the right to effectuate the related cure and the right
of the Note B Holders to cure shall be suspended and any cure payments remitted by the Note B Holders shall be returned to the
Note B Holders. In the case of a Non-Monetary Default, if the Note C Holders do not consummate such cure, notice of which failure
the Lead Securitization Noteholder shall promptly communicate (or cause a Servicer to communicate) such fact to the Note B Holders,
then, in the case of a failure by the Note C Holders in circumstances in which the Note B Holders delivered a notice of exercise,
the Note B Holders shall have the right to effectuate such cure within the time period for a cure specified above. In the event
that the Note B Holders, acting unanimously, the Note C Holders, acting unanimously, and the Note D Holders, acting unanimously,
deliver a notice of exercise of cure rights, the Note D Holders, acting unanimously, shall have the right to effectuate the related
cure and the right of the Note B Holders and the Note C Holders to cure shall be suspended and any cure payments remitted by the
Note B Holders shall be returned to the Note B Holders and any cure payments remitted by the Note C Holders shall be returned to
the Note C Holders. In the case of a Non-Monetary Default, if the Note D Holders do not consummate such cure, notice of which failure
the Lead Securitization Noteholder shall promptly communicate (or cause a Servicer to communicate) such fact to the Note B Holders
and the Note C Holders, then, in the case of a failure by the Note D Holders in circumstances in which (i) the Note C Holders delivered
a notice of exercise, the Note C Holders shall have the right to effectuate such cure within the time period for a cure specified
above, and (ii) the Note B Holders, but not the Note C Holders, delivered a notice of exercise, the Note B Holders shall have the
right to effectuate such cure within the time period for a cure specified above.

 

Section 12.      Purchase By Subordinate Noteholder(s). Each of (A) the Note B Holders, acting unanimously, and (B) the Note C Noteholders,
acting unanimously, and (C) the Note D Noteholders, acting unanimously, shall have the right, by written notice to (x) each of
the Note A Holders, (y) if the purchasing Noteholder is the Note C Holders, the Note B Holders and (z) if the purchasing Noteholder
is the Note D Holders, the Note C Holders (a “Noteholder Purchase Notice”; the sender(s) of such notice, the
“Purchasing Noteholder”; and each recipient of such notice, a “Selling Noteholder”), delivered
at any time an Event of Default under the Mortgage Loan or a Servicing Transfer Event has occurred and is continuing, to purchase,
in immediately available funds, (i) if the Purchasing Noteholder is the Note B Holders, acting unanimously, each of the A Notes,
(ii) if the Purchasing Noteholder is the Note C Holders, each of the A Notes and the B Notes, and (iii) if the Purchasing Noteholder
is the Note D Holders, each of the A Notes, the B Notes and the C Notes (each Note specified in the Noteholder Purchase

 

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Notice,
a “Purchased Note”), in whole but not in part at the applicable Defaulted Mortgage Loan Purchase Price. For
avoidance of doubt, if one or more Subordinate Noteholder(s) elects to send a Noteholder Purchase Notice pursuant to this Section
12, it/they must purchase the applicable Purchased Note(s). Upon the delivery of the Noteholder Purchase Notice to the Selling
Noteholder(s), the Selling Noteholder shall sell (and the Purchasing Noteholder shall purchase) the Purchased Note(s) at the applicable
Defaulted Mortgage Loan Purchase Price, on a date (the “Defaulted Note Purchase Date”) not less than ten (10)
days and not more than sixty (60) days after the date of the Noteholder Purchase Notice, as shall be mutually established by the
Purchasing Noteholder and the Selling Noteholder(s). The Noteholder Purchase Notice shall contain a statement that the Purchasing
Noteholder’s failure to purchase the Purchased Note(s) on a Defaulted Note Purchase Date (other than as a result of any failure
to consummate such purchase on the part of the Selling Noteholder or as a result of the conditions giving rise to such purchase
ceasing to exist) will result in the termination of such right in respect of the Event of Default that caused such purchase right
to be exercisable and not in respect of any other Event of Default. Each Subordinate Noteholder agrees that the sale of any Purchased
Notes to it shall comply with all requirements of the Servicing Agreement and that all actual costs and expenses related thereto
shall be paid by the applicable Purchasing Noteholder. The Defaulted Mortgage Loan Purchase Price shall be calculated by the Selling
Noteholder(s) (or the Servicer on its or their behalf) three (3) Business Days prior to the Defaulted Note Purchase Date (and such
calculation shall be accompanied by a listing of all amounts included in the Defaulted Mortgage Loan Purchase Price and reasonably
detailed back-up documentation explaining how such price was determined), and shall, absent manifest error, be binding upon the
Purchasing Noteholder. Concurrently with the payment to the Selling Noteholder(s) in immediately available funds of the Defaulted
Mortgage Loan Purchase Price, the Selling Noteholder(s) shall execute at the sole cost and expense of the Purchasing Noteholder
in favor of the Purchasing Noteholder assignment documentation which will assign the Purchased Note(s) and the Mortgage Loan Documents
without recourse, representations or warranties (except each Selling Noteholder will represent and warrant that it had good and
marketable title to, was the sole owner and holder of, and had power and authority to deliver its Note and all of its right, title
and interest in and to the Mortgage Loan Documents free and clear of all liens and encumbrances (other than the interest created
by the Note(s) that are not the Purchased Note(s))). The right of the Note B Holders, the Note C Holders or the Note D Holders
to purchase one or more Notes as set forth above in this Section 12 shall automatically terminate upon a foreclosure sale,
sale by power of sale or delivery of a deed in lieu of foreclosure with respect to the Mortgaged Property (and the Lead Securitization
Noteholder shall give the Subordinate Noteholders ten (10) Business Days’ prior written notice of its intent with respect
to such action (which such action shall be subject to Section 5 hereof)). Notwithstanding the foregoing sentence, if title
to the Mortgaged Property is transferred to the Lead Securitization Noteholder (or a designee on its behalf), in a manner commonly
known as “the borrower turning over the keys” and not otherwise in connection with a consummation by the Lead Securitization
Noteholder of a foreclosure sale or sale by power of sale or acceptance of a deed in lieu of foreclosure, less than ten (10)
Business Days after the acceleration of the Mortgage Loan, the Lead Securitization Noteholder shall notify each Subordinate Noteholder
of such transfer and the Note B Holders, Note C Holders and Note D Holders shall each have a fifteen (15) Business Day period
from the date of such notice from the Lead Securitization Noteholder to deliver the Noteholder Purchase Notice to the Lead Securitization
Noteholder (and, if the Note C Holders are delivering such Noteholder Purchase Notice, to the Note B Holders, and, if the Note
D Holders are delivering

 

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such Noteholder Purchase Notice, to the Note C Holders), in which case such Subordinate Noteholder shall
be obligated to purchase the Mortgaged Property, in immediately available funds, within such fifteen (15) Business Day period
at the applicable Defaulted Mortgage Loan Purchase Price.

 

Section 13.        Representations of each Subordinate Noteholder. Each Subordinate Noteholder represents, solely as to itself and its
Subordinate Note, and it is specifically understood and agreed, that it is acquiring such Note for its own account in the ordinary
course of its business and none of the Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A Holder,
the Note A-2-B Holder, the Note A-2-C Holder or the other Subordinate Noteholders shall have any liability or responsibility to
such Subordinate Noteholder except (i) as expressly provided herein or (ii) for actions that are taken or omitted to be taken by
the Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A Holder, the Note A-2-B Holder, the Note A-2-C
Holder or such other Subordinate Noteholder that constitute gross negligence or willful misconduct or that constitute a breach
of this Agreement. Each Subordinate Noteholder represents and warrants solely as to itself that the execution, delivery and performance
of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and does not contravene
its charter or any law or contractual restriction binding upon such Subordinate Noteholder, and that this Agreement is the legal,
valid and binding obligation of such Subordinate Noteholder enforceable against such Subordinate Noteholder in accordance with
its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws
affecting the enforcement of creditors’ rights generally, and by general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law), and except that the enforcement of rights with respect to indemnification
and contribution obligations may be limited by applicable law. Each Subordinate Noteholder represents and warrants solely as to
itself that it is duly organized, validly existing, in good standing and possesses of all licenses and authorizations necessary
to perform its obligations hereunder. Each Subordinate Noteholder represents and warrants as to itself that (a) this Agreement
has been duly executed and delivered by such Subordinate Noteholder, (b) to such Subordinate Noteholder’s actual knowledge,
all consents, approvals, authorizations, orders or filings of or with any court or governmental agency or body, if any, required
for the execution, delivery and performance of this Agreement by such Subordinate Noteholder have been obtained or made and (c)
to such Subordinate Noteholder’s actual knowledge, there is no pending action, suit or proceeding, arbitration or governmental
investigation against such Subordinate Noteholder, an adverse outcome of which would materially and adversely affect its performance
under this Agreement.

 

Each Subordinate Noteholder
acknowledges that none of the Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder, the Note A-2-A Holder, the Note
A-2-B Holder, the Note A-2-C Holder or the other Subordinate Noteholders owes such Subordinate Noteholder any fiduciary duty with
respect to any action taken under the Mortgage Loan Documents and, except as provided herein, need not consult with such Subordinate
Noteholder with respect to any action taken by such Note A-1-A Holder, Note A-1-B Holder, Note A-1-C Holder, Note A-2-A Holder,
Note A-2-B Holder, Note A-2-C Holder or other Subordinate Noteholder, as applicable, in connection with the Mortgage Loan.

 

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Each Subordinate Noteholder
expressly and irrevocably waives for itself and any Person claiming through or under such Subordinate Noteholder any and all rights
that it may have under Section 1315 of the New York Real Property Actions and Proceedings Law or the provisions of any similar
law which purports to give a junior loan noteholder the right to initiate any loan enforcement or foreclosure proceedings.

 

Section 14.       Representations of the Note A Holders. Each of the Note A Holders represents and warrants that the execution, delivery
and performance of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and
does not contravene such Noteholder’s charter or any law or contractual restriction binding upon such Noteholder and that
this Agreement is the legal, valid and binding obligation of such Noteholder as applicable enforceable against it in accordance
with its terms. Each of the Note A Holders represents and warrants that it is duly organized, validly existing, in good standing
and possession of all licenses and authorizations necessary to carry on its respective business. Each of the Note A Holders represents
and warrants that (a) this Agreement has been duly executed and delivered by such Noteholder, (b) to such Noteholder’s actual
knowledge, all consents, approvals, authorizations, orders or filings of or with any court or governmental agency or body, if any,
required for the execution, delivery and performance of this Agreement by such Noteholder have been obtained or made and (c) to
such Noteholder’s actual knowledge, there is no pending action, suit or proceeding, arbitration or governmental investigation
against such Noteholder, an adverse outcome of which would materially and adversely affect its performance under this Agreement.

 

Each of the Note A Holders
acknowledges that no other Noteholder owes such Noteholder any fiduciary duty with respect to any action taken under the Mortgage
Loan Documents and, except as provided herein or in the Servicing Agreement, need not consult with such Noteholder with respect
to any action taken by such Noteholder in connection with the Mortgage Loan.

 

Section 15.       Independent Analysis of each Subordinate Noteholder. Each Subordinate Noteholder acknowledges that it has, independently
and without reliance upon the Initial Note A Holders, except with respect to the representations and warranties provided by the
Initial Note A Holders herein and in any documents or instruments executed and delivered by the Note A Holders in connection herewith
(including the representations and warranties provided in the agreement pursuant to which it acquired its Subordinate Note), and
based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase such
Subordinate Note and such Subordinate Noteholder accepts responsibility therefor. Each Subordinate Noteholder hereby acknowledges
that, other than the representations and warranties provided herein and in such other documents or instruments, none of the Note
A Holders has made any representations or warranties with respect to the Mortgage Loan, subject to such representations and warranties
as provided by the Note A Holders herein and in such other documents and instruments, and that none of the Note A Holders shall
have any responsibility for (i) the collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any
of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished or to be furnished to the Note
A Holders in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien
created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Mortgage Loan Borrower. Each

 

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Subordinate
Noteholder assumes all risk of loss in connection with its Note except as specifically set forth herein.

 

Section 16.       No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken
pursuant hereto shall be deemed to constitute the relationship created hereby between any of the Noteholders as a partnership,
association, joint venture or other entity. None of the Note A Holders shall have any obligation whatsoever to offer to any Subordinate
Noteholder the opportunity to purchase a Note interest in any future loans originated by any Note A Holder or its respective Affiliates,
and if any Note A Holder chooses to offer to any Subordinate Noteholder the opportunity to purchase a Note interest in any future
mortgage loans originated by such Note A Holder or its respective Affiliates, such offer shall be at such purchase price and interest
rate as such Note A Holder chooses, in its sole and absolute discretion. No Subordinate Noteholder shall have any obligation whatsoever
to purchase from any Note A Holder a Note interest in any future loans originated by such Note A Holder or its respective Affiliates.

 

Section 17.        Not a Security. No Subordinate Note shall be deemed to be a security within the meaning of the Securities Act or
the Exchange Act.

 

Section 18.        Other Business Activities of the Noteholders. Each Noteholder acknowledges that each other Noteholder or its Affiliates
may make loans or otherwise extend credit to, and generally engage in any kind of business with, (i) (a) the Mortgage Loan Borrower
or (b) any direct or indirect parent of the Mortgage Loan Borrower or (c) any Affiliate of the Mortgage Loan Borrower or (d) any
Affiliate of any direct or indirect parent of the Mortgage Loan Borrower, (ii) any entity that is a holder of debt secured by direct
or indirect ownership interests in the Mortgage Loan Borrower or any Affiliate of the holder of such debt, or (iii) any entity
that is a holder of a preferred equity interest in the Mortgage Loan Borrower or any Affiliate of a holder of such preferred
equity (each, a “Mortgage Loan Borrower Related Party”), and receive payments on such other loans or extensions
of credit to Mortgage Loan Borrower Related Parties and otherwise act with respect thereto freely and without accountability in
the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

 

Section 19.        Sale of the Notes.

 

(a)               
Each Subordinate Noteholder agrees that it will not Transfer all or any portion of its Note except in accordance with this
Section 19. Each Subordinate Noteholder shall have the right, without the need to obtain the consent of the Note A Holders
or any other Person, to Transfer 49% or less (in the aggregate) of its interest in its Note to any Person, provided that any such
Transfer shall be made in accordance with the terms of this Section 19. Each Subordinate Noteholder shall have the
right to Transfer its entire Note or any portion thereof exceeding 49%, (i) to a Qualified Institutional Lender, provided, that
promptly after the Transfer the Note A Holders (and, in the case of a Transfer of Note C, the Note B Holders, and, in the case
of a Transfer of Note D, the Note C Holders and the Note B Holders) is provided with (x) a representation from a transferee or
such Subordinate Noteholder certifying that such transferee is a Qualified Institutional Lender, and (y) a copy of the assignment
and assumption agreement referred to in Section 20; and provided further, that such transfer would not cause such Note to
be held by more than five persons nor cause there to be no one person owning a majority of such Note, and (ii) to

 

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an entity that
is not a Qualified Institutional Lender, provided that with respect to this clause (ii), such Subordinate Noteholder obtains (1)
prior to the Lead Securitization Date, the consent of the Note A-2-A Holder (and, in the case of a Transfer of Note C, the consent
of the Note B Holders, and, in the case of a Transfer of Note D, the consent of the Note B Holders and the Note C Holders), each
such consent not to be unreasonably withheld, conditioned or delayed, and (2) after the Lead Securitization Date, Rating Agency
Confirmation (and for avoidance of doubt, no consent of the Lead Securitization Noteholder, the Note B Holders, the Note C Holders
or the Note D Holders shall be required after the closing of the Lead Securitization); provided that in each of case (1)
and (2), (x) promptly after the Transfer the Note A Holders are each provided with a copy of the assignment and assumption agreement
referred to in Section 20 and (y) such transfer would not cause the subject Note to be held by more than five persons; and
provided further, however, that if such transfer would cause there to be no one person owning a majority of the subject
Note, then such transfer will not be permitted unless persons owning a majority of the subject Note designate one of such persons
to act on behalf of such persons owning such majority. If the subject Note is held by more than one Noteholder at any time, the
holders of a majority of the Note B Principal Balance, the Note C Principal Balance or the Note D Principal Balance, as applicable,
shall immediately appoint a representative to exercise all rights of such Subordinate Noteholder hereunder. As of the date hereof,
the Note B Holders hereby designate the Note B-1-A Holder as the representative to exercise all of the rights of the Note B Holders
pursuant to this Section 19, until such time as the Note B Holders shall notify the other Noteholders in writing. As of
the date hereof, the Note C Holders hereby designate the Note C-1-A Holder as the representative to exercise all of the rights
of the Note C Holders pursuant to this Section 19, until such time as the Note C Holders shall notify the other Noteholders
in writing. As of the date hereof, the Note D Holders hereby designate the Note D-1 Holder as the representative to exercise all
of the rights of the Note D Holders pursuant to this Section 19, until such time as the Note D Holders shall notify the
other Noteholders in writing. Notwithstanding the foregoing, without the Lead Securitization Noteholder’s prior consent,
which may be withheld in the Lead Securitization Noteholder’s sole and absolute discretion (and prior to the Lead Securitization
Date, the Note A-2-A Holder’s prior consent, which may be withheld in the Note A-2-A Holder’s sole and absolute discretion),
and, in the case of a Transfer of any C Note, without the Note B Holders’ prior consent, which may be withheld in the Note
B Holders’ sole and absolute discretion and, in the case of a Transfer of any D Note, without the Note B Holders’ and
the Note C Holders’ prior consent, which may be withheld in the Note B Holders’ and the Note C Holders’ sole
and absolute discretion, no Subordinate Noteholder shall Transfer all or any portion of its Note to a Borrower Party and any such
Transfer shall be absolutely null and void and shall vest no rights in the purported transferee. Each Subordinate Noteholder agrees
it will pay the expenses of the Lead Securitization Noteholder (including all expenses of the Master Servicer and the Special Servicer)
and the Non-Lead Securitization Noteholders (including all expenses of the related Non-Lead Master Servicer and the related Non-Lead
Special Servicer) in connection with any such Transfer.

 

(b)              
All Transfers under Section 19(a) shall be made upon written notice to the Note A Holders not later than the date
of such Transfer (and, (i) in the case of a Transfer of any C Note, upon not less than five (5) Business Days’ prior written
notice to the Note B Holders, unless the Transfer is to an Affiliate of the respective Note C Holder, in which case written notice
need only be given not later than the date of such Transfer, and (ii) in the case of a Transfer of any D Note, upon not less than
five (5) Business Days’ prior written notice to the Note B Holders and the Note C Holders, unless the Transfer is to an Affiliate
of the respective Note D Holder, in which

 

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case written notice need only be given not later than the date of such Transfer), and
each transferee shall (i) execute an assignment and assumption agreement whereby such transferee assumes all or a ratable
portion, as the case may be, of the obligations of the applicable Subordinate Noteholder hereunder with respect to its Note from
and after the date of such assignment (or, in the case, of a pledge, collateral assignment or other encumbrance made in accordance
with Section 19(e) by such Subordinate Noteholder of its Note solely as security for a loan to such Subordinate Noteholder
made by a third-party lender whereby such Subordinate Noteholder remains fully liable under this Agreement, on or before the date
on which such third-party lender succeeds to the rights of such Subordinate Noteholder by foreclosure or otherwise, such third-party
lender executes an agreement that such lender shall be bound by the terms and provisions of this Agreement and the obligations
of such Subordinate Noteholder hereunder) and (ii) agree in writing to be bound by the Servicing Agreement, unless the Servicing
Agreement is not then in effect with respect to the Mortgage Loan, in which event the parties will enter into or agree to be bound
by any replacement servicing agreement therefor in accordance with the provisions hereof. Upon the consummation of a Transfer of
all or any portion of a Subordinate Note in accordance with this Agreement, the transferring Person shall be released from all
liability arising under this Agreement with respect to such Subordinate Note (or the portion thereof that was the subject of such
Transfer), for the period after the effective date of such Transfer (it being understood and agreed that the foregoing release
shall not apply in the case of a sale, assignment, transfer or other disposition of a participation interest in the subject Subordinate
Note as described in clause (c) below). In connection with any such permitted transfer of a portion of a Subordinate Note
and for all purposes of this Agreement, the Note A Holders need only recognize the majority holder of such Subordinate Note for
purposes of notices, consents and other communications between the Note A-1-A Holder, the Note A-1-B Holder, the Note A-1-C Holder,
the Note A-2-A Holder, the Note A-2-B Holder or the Note A-2-C Holder, as applicable, and such majority holder of the subject Subordinate
Note shall be the only Person authorized hereunder to exercise any rights of such Subordinate Noteholder under this Agreement;
provided, however, the majority holder of the subject Subordinate Note may from time to time designate any other
Person as an additional party entitled to receive notices, consents and other communications and/or to exercise rights on behalf
of such Subordinate Noteholder hereunder by delivering written notice thereof to the Note A Holders, and, from and after delivery
of such notice, such designee shall be so authorized hereunder and shall be the only party entitled to receive such notices, consents
and such other communications and/or to exercise such rights.

 

(c)               
In the case of any sale, assignment, transfer or other disposition of a participation interest in a Note, (i) such
Noteholder’s obligations under this Agreement shall remain unchanged, (ii) such Noteholder shall remain solely responsible
for the performance of such obligations, (iii) the other Noteholders and any Persons acting on their behalf shall continue
to deal solely and directly with such Noteholder in connection with such Noteholder’s rights and obligations under this Agreement
and the Servicing Agreement, and (iv) all amounts payable hereunder shall be determined as if such Noteholder had not sold such
participation interest; provided, however, that if the applicable participant is a Qualified Institutional Lender
(and delivers to the other Noteholders a certification from an authorized officer confirming its status as a Qualified Institutional
Lender), such Noteholder, by written notice to the other Noteholders, may delegate to such participant such Noteholder’s
right to exercise the rights of the Controlling Noteholder hereunder and under the Servicing Agreement; provided, further,
however, that upon the occurrence of a Note B Control Appraisal Period, a Note C Control Appraisal Period or a Note

 

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D Control
Appraisal Period, the aforesaid delegation of rights shall terminate and be of no further force and effect with respect to the
B Notes (in the case of a Note B Control Appraisal Period), the C Notes (in the case of a Note C Control Appraisal Period) or Note
D-1 or Note D-2 (in the case of a Note D Control Appraisal Period).

 

(d)              
Each of the Note A Holders shall have the right to Transfer all or any portion of its Note without the prior consent of
any other Noteholder (i) with respect to any A Note prior to an Event of Default, to any party other than a Borrower Party and
(ii) after an Event of Default, to any party, including a Borrower Party; provided, however, that following any Event
of Default under the Mortgage Loan, the Note A Holders may only transfer all or any portion of their respective Note to a Borrower
Party with the prior written consent of the Controlling Noteholder at any time when such Note A Holder is not the Controlling Noteholder;
provided further, however, that following any Transfer of any A Note, the Mortgage Loan continues to be serviced
in its entirety pursuant to the Servicing Agreement by a Servicer unaffiliated with Mortgage Loan Borrower. For the avoidance of
doubt, subject to Section 12, no Noteholder or the Servicer shall have any right to Transfer or cause the Transfer of any
other Note. Notwithstanding the foregoing, without each non-transferring Note A Holder’s prior consent, and, if any such
non-transferring Note A Holder’s Note or any portion thereof is held in a Securitization Trust, without a Rating Agency Confirmation
with respect to the related Securitization, no Noteholder shall Transfer its Note or any portion thereof (or a participation interest
in such Note) to a Borrower Party and any such Transfer shall be absolutely null and void and shall vest no rights in the purported
transferee.

 

(e)               
Notwithstanding any other provision hereof, any Noteholder may pledge (a “Pledge”) its Note to any entity
(other than a Borrower Party) which has extended a credit or repurchase facility to such Noteholder and that is (x) either a Qualified
Institutional Lender or a financial institution whose long-term unsecured debt is rated at least “A” (or the equivalent)
or better by each Rating Agency or (y) to any Federal Reserve Bank or Federal Home Loan Bank to secure any obligation of such Noteholder
to such bank and such pledge shall be enforceable in accordance with the terms thereof (a “Note Pledgee”), on
terms and conditions set forth in this Section 19(e), it being further agreed that a financing provided by a Note Pledgee
to a Noteholder or any person which Controls such Noteholder that is secured by such Noteholder’s interest in the applicable
Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided that a Note
Pledgee which is not a Qualified Institutional Lender may not take title to the pledged Note without (a) prior to the first Securitization
of any Note, the consent of each other Noteholder and (b) after the closing of the first Securitization of any Note, Rating Agency
Confirmation. Upon written notice by the applicable Noteholder to each other Noteholder and any Servicer that a Pledge has been
effected (including the name and address of the applicable Note Pledgee), each other Noteholder agrees to acknowledge receipt of
such notice and thereafter agrees: (i) to give Note Pledgee written notice of any default by the pledging Noteholder in respect
of its obligations under this Agreement of which default such Noteholder has actual knowledge; (ii) to allow such Note Pledgee
a period of ten (10) Business Days to cure a default by the pledging Noteholder in respect of its obligations to each other
Noteholder hereunder, but such Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification,
waiver or termination of this Agreement shall be effective against such Note Pledgee without the written consent of such Note Pledgee,
which consent shall not be unreasonably withheld, conditioned or delayed; (iv) that such other Noteholder shall give to such
Note Pledgee copies of any notice of default under this Agreement simultaneously with the giving of same to the pledging Noteholder

 

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and accept any cure thereof by such Note Pledgee which such pledging Noteholder has the right (but not the obligation) to effect
hereunder, as if such cure were made by such pledging Noteholder; (v) that such other Noteholder shall deliver to Note Pledgee
such estoppel certificate(s) as Note Pledgee shall reasonably request, provided that any such certificate(s) shall be in
a form reasonably satisfactory to such other Noteholder; and (vi) that, upon written notice (a “Redirection Notice”)
to each other Noteholder and any Servicer by such Note Pledgee that the pledging Noteholder is in default, beyond any applicable
cure periods, under the pledging Noteholder’s obligations to such Note Pledgee pursuant to the applicable credit agreement
between the pledging Noteholder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Noteholder),
and until such Redirection Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any
payments that any Noteholder or Servicer would otherwise be obligated to pay to the pledging Noteholder from time to time pursuant
to this Agreement or any Servicing Agreement. Any pledging Noteholder hereby unconditionally and absolutely releases each other
Noteholder and any Servicer from any liability to the pledging Noteholder on account of any Noteholder’s or Servicer’s
compliance with any Redirection Notice believed by any Servicer or any such other Noteholder to have been delivered by a Note Pledgee.
Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Noteholder to such Note Pledgee
(and accept an assignment in lieu of foreclosure as to such collateral), in accordance with applicable law and this Agreement.
In such event, the Noteholders and any Servicer shall recognize such Note Pledgee (and any transferee other than the Mortgage Loan
Borrower or any Affiliate thereof which is also a Qualified Institutional Lender at any foreclosure or similar sale held by such
Note Pledgee or any transfer in lieu of foreclosure), and its successor and assigns, as the successor to the pledging Noteholder’s
rights, remedies and obligations under this Agreement, and any such Note Pledgee or Qualified Institutional Lender shall assume
in writing the obligations of the pledging Noteholder hereunder accruing from and after such Transfer (i.e., realization upon the
collateral by such Note Pledgee) and agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee
under this Section 19(e) shall remain effective as to any Noteholder (and any Servicer) unless and until such Note
Pledgee shall have notified any such Noteholder (and any Servicer, as applicable) in writing that its interest in the pledged Note
has terminated.

 

(f)                 
Notwithstanding any provisions herein to the contrary, if a conduit (“Conduit”) which is not a Qualified
Institutional Lender provides financing to a Noteholder then such Noteholder shall have the right to grant a security interest
in its Note to such Conduit notwithstanding that such Conduit is not a Qualified Institutional Lender, if the following conditions
are satisfied:

 

(i)                 
The loan made by the Conduit (the “Conduit Inventory Loan”) to such Noteholder to finance the acquisition
and holding of its Note will require a third party (the “Conduit Credit Enhancer”) to provide credit enhancement;

 

(ii)                
The Conduit Credit Enhancer and conduit manager (if Moody’s rates the Securitization) will be a Qualified Institutional
Lender;

 

(iii)               
Such Noteholder will pledge (or sell, transfer or assign as part of a repurchase facility) its interest in the applicable
Note to the Conduit as collateral for the Conduit Inventory Loan;

 

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(iv)               
The Conduit Credit Enhancer and the Conduit will agree that, if such Noteholder defaults under the Conduit Inventory Loan,
or if the Conduit is unable to refinance its outstanding commercial paper even if there is no default by such Noteholder, the Conduit
Credit Enhancer will purchase the Conduit Inventory Loan from the Conduit, and the Conduit will assign the pledge of such Noteholder’s
Note to the Conduit Credit Enhancer; and

 

(v)                 
Unless the Conduit is in fact then a Qualified Institutional Lender, the Conduit will not, without obtaining the consent
of each other Noteholder, have any greater right to acquire the interests in the Note pledged by such Noteholder, by foreclosure
or otherwise, than would any other purchaser that is not a Qualified Institutional Lender at a foreclosure sale conducted by a
Note Pledgee.

 

Section 20.        Registration of Transfer. In connection with any Transfer of a Note (but excluding (x) any participant and (y) any
Pledgee unless and until it realizes on its Pledge), a transferee shall execute an assignment and assumption agreement whereby
such transferee assumes all of the obligations of the applicable Noteholder hereunder with respect to such Note thereafter accruing
and agrees to be bound by the terms of this Agreement, including the restrictions on Transfers set forth in Section 19,
from and after the date of such assignment. Notwithstanding the preceding sentence, a Trustee shall not be required to execute
an assignment and assumption agreement in connection with any Transfer of a Note if the obligations are assumed pursuant to the
Servicing Agreement. In connection with a Transfer of a Note, the Agent shall not recognize any attempted or purported transfer
of any Note in violation of the provisions of Section 19 and this Section 20. Any such purported transfer shall
be absolutely null and void and shall vest no rights in the purported transferee. Each Noteholder desiring to effect such transfer
shall, and does hereby agree to, indemnify the Agent and any other Noteholder against any liability that may result if the transfer
is not made in accordance with the provisions of this Agreement. Upon the Lead Securitization, the Master Servicer shall automatically
become and be the Agent.

 

Section 21.         Registration of the Notes. The Agent shall keep or cause to be kept at the Agent Office books (the “Note
Register”) for the registration and transfer of the Notes. The Agent shall serve as the initial Note registrar and the
Agent hereby accepts such appointment. The names and addresses of the holders of the Notes and the names and addresses of any transferee
of any Note of which the Agent has received notice, in the form of a copy of the assignment and assumption agreement referred to
in Section 20, and the principal amounts (and stated interest) of the Note owing to each such Noteholder, shall be registered
in the Note Register. The Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder
thereof for all purposes of this Agreement, except in the case of the Initial Noteholders who may hold their Notes through a nominee.
Upon request of a Noteholder, the Agent shall provide such party with the names and addresses of the Noteholders. To the extent
another party is appointed as Agent hereunder, the Noteholders hereby designate such person as its agent under this Section
21 solely for purposes of maintaining the Note Register. The parties intend for the Mortgage Loan to be in registered form
for federal income tax purposes under Section 5f.103-1(c) of the United States Treasury Regulations.

 

Section 22.          Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, and the arrangement hereby
be maintained, in a manner consistent with rules

 

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applicable to a grantor trust under subpart E, part I of subchapter J of chapter
1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will
not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create
a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation between the parties.

 

Section 23.        No Pledge. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the Noteholders.
Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-Lead Noteholder shall have any interest in any
property taken as security for the Mortgage Loan, provided, however, that if any such property or the proceeds of
any sale, lease or other disposition thereof shall be received, then each Non-Lead Noteholder shall be entitled to receive its
share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.

 

Section 24.        Governing Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED
TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND
DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF
THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS
LAW). EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING
OUT OF OR RELATING TO THIS AGREEMENT.

 

Section 25.        Submission to Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally:

 

(a)              
SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, OR FOR RECOGNITION AND
ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF, TO THE NON-EXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK,
THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN, AND
APPELLATE COURTS FROM ANY THEREOF;

 

(b)              
CONSENTS THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS AND, TO THE EXTENT PERMITTED BY LAW, WAIVES ANY
OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION
OR PROCEEDING WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME;

 

(c)              
AGREES THAT SERVICE OF PROCESS IN ANY SUCH ACTION OR PROCEEDING MAY BE EFFECTED BY MAILING A COPY THEREOF BY REGISTERED
OR CERTIFIED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE

 

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PREPAID, TO ITS ADDRESS SET FORTH HEREIN OR AT SUCH OTHER
ADDRESS OF WHICH A PARTY HEREIN SHALL HAVE BEEN NOTIFIED; AND

 

(d)              
AGREES THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR SHALL
LIMIT THE RIGHT TO SUE IN ANY OTHER JURISDICTION.

 

Section 26.           
Modifications; Amendment. This Agreement shall not be modified, cancelled or terminated except by an instrument in
writing signed by each Noteholder. Additionally, for as long as any Note is contained in a Securitization Trust, the Noteholders
shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation; provided that no such confirmation
from the Rating Agencies shall be required in connection with a modification or amendment (i) to cure any ambiguity, to correct
or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with the Servicing
Agreement, (ii) entered into pursuant to Section 38 of this Agreement or (iii) to correct or supplement any provision herein
that may be defective or inconsistent with any other provisions of this Agreement.

 

Section 27.           
Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective successors and permitted assigns. Except as provided herein, none of the provisions of
this Agreement shall be for the benefit of or enforceable by any Person not a party hereto. Subject to Section 19, each
Noteholder may assign or delegate its rights or obligations under this Agreement. Upon any such assignment, the assignee shall
be entitled to all rights and benefits of the applicable Noteholder hereunder, including, without limitation, the right to make
further assignments and grant additional Notes.

 

Section 28.           
Counterparts. This Agreement may be executed in any number of counterparts and all of such counterparts shall together
constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement in Portable Document
Format (PDF) or by facsimile transmission shall be effective as delivery of a manually executed original counterpart of this Agreement.

 

Section 29.           
Captions. The titles and headings of the paragraphs of this Agreement have been inserted for convenience of reference
only and are not intended to summarize or otherwise describe the subject matter of the paragraphs and shall not be given any consideration
in the construction of this Agreement.

 

Section 30.           
Severability. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable laws,
such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Agreement.

 

Section 31.           
Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the
subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

 

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Section 32.           
Withholding Taxes.

 

(a)               
If the Lead Securitization Noteholder or the Mortgage Loan Borrower shall be required by law to deduct and withhold Taxes
from interest, fees or other amounts payable to any Subordinate Noteholder with respect to the Mortgage Loan as a result of such
Subordinate Noteholder constituting a Non-Exempt Person, the Lead Securitization Noteholder, or the Servicer on its behalf, shall
be entitled to do so with respect to such Subordinate Noteholder’s interest in such payment (all withheld amounts being deemed
paid to such Subordinate Noteholder), provided that the Lead Securitization Noteholder shall furnish such Subordinate Noteholder
with a statement setting forth the amount of Taxes withheld, the applicable rate and other information which may reasonably be
requested for purposes of assisting such Subordinate Noteholder to seek any allowable credits or deductions for the Taxes so withheld
in each jurisdiction in which such Subordinate Noteholder is subject to tax.

 

(b)              
Each Subordinate Noteholder shall and hereby agrees to indemnify the Lead Securitization Noteholder against and hold the
Lead Securitization Noteholder harmless from and against any Taxes, interest, penalties and reasonable attorneys’ fees, expenses
and disbursements arising or resulting from any failure of the Lead Securitization Noteholder (or the Servicer on its behalf) to
withhold Taxes from payment made to such Subordinate Noteholder in reliance upon any representation, certificate, statement, document
or instrument made or provided by such Subordinate Noteholder to the Lead Securitization Noteholder in connection with the obligation
of the Lead Securitization Noteholder to withhold Taxes from payments made to such Subordinate Noteholder, it being expressly understood
and agreed that (i) the Lead Securitization Noteholder shall be absolutely and unconditionally entitled to accept any such representation,
certificate, statement, document or instrument as being true and correct in all respects and to fully rely thereon without any
obligation or responsibility to investigate or to make any inquiries with respect to the accuracy, veracity, correctness or validity
of the same and (ii) such Subordinate Noteholders shall, upon request of the Lead Securitization Noteholder, at its sole cost
and expense, defend any claim or action relating to the foregoing indemnification using counsel selected by the Lead Securitization.

 

(c)               
Each Subordinate Noteholder (to the extent it is not the same entity as the Lead Securitization Noteholder) represents (for
the benefit of the Mortgage Loan Borrower) that it is not a Non-Exempt Person and that neither the Lead Securitization Noteholder
nor the Mortgage Loan Borrower is obligated under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage
Loan or otherwise pursuant to this Agreement. Contemporaneously with the execution of this Agreement, and from time to time as
reasonably requested by the Lead Securitization Noteholder or Servicer during the term of this Agreement, each Subordinate Noteholder
shall deliver to the Lead Securitization Noteholder or Servicer, as applicable, evidence satisfactory to the Lead Securitization
Noteholder substantiating that such Subordinate Noteholder is not a Non-Exempt Person and that the Lead Securitization Noteholder
is not obligated under applicable law to withhold Taxes on sums paid to it with respect to the Mortgage Loan or otherwise under
this Agreement, it being acknowledged by the parties hereto that delivery of a certification in the form attached hereto as Exhibit
D shall be satisfactory evidence that such Subordinate Noteholder is not a Non-Exempt Person. Without limiting the effect of
the foregoing, (i) if a Subordinate Noteholder (or, if such Subordinate Noteholder is disregarded for U.S. federal income tax purposes,
the owner of such Subordinate Noteholder) is created or organized under the laws of

 

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the United States, any state thereof or the
District of Columbia, it shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization Noteholder
an Internal Revenue Service Form W-9 and (ii) if a Subordinate Noteholder (or, if such Subordinate Noteholder is disregarded for
U.S. federal income tax purposes, the owner of such Subordinate Noteholder) is not created or organized under the laws of the United
States, any state thereof or the District of Columbia, and if the payment of interest or other amounts by the Mortgage Loan Borrower
is treated for United States income tax purposes as derived in whole or part from sources within the United States, such Subordinate
Noteholder shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization Noteholder Internal
Revenue Service Form W-8ECI, Form W-8IMY (with appropriate attachments), Form W-8BEN or Form W-8BEN-E, or applicable successor
forms, as may be required from time to time, duly executed by such Subordinate Noteholder; provided that such Subordinate
Noteholder, without request, shall deliver a new, appropriately completed Form W-8 if the Subordinate Noteholder’s current
Form W-8 “expires” or if there is a “change in circumstances” that makes any of the information on the
current Form W-8 incorrect (both within the meaning of the instructions to such Form W-8). The Lead Securitization Noteholder shall
not be obligated to make any payment hereunder to any Subordinate Noteholder in respect of any Subordinate Note or otherwise until
such Subordinate Noteholder shall have furnished to the Lead Securitization Noteholder the requested forms, certificates, statements
or documents.

 

Section 33.           
Custody of Mortgage Loan Documents. The originals of all of the Mortgage Loan Documents (other than the Notes) will
be held by the Lead Securitization Noteholder (or a custodian acting on behalf of the Lead Securitization Noteholder) who shall
act as secured party under the Mortgage Loan Documents on behalf of the registered holders of the Notes. Notwithstanding anything
to the contrary in this Agreement, upon the Lead Securitization, the originals of all of the Mortgage Loan Documents (other than
the Notes) shall be held by the Custodian (as defined in the Servicing Agreement). Each Note shall be held by the respective Noteholder
or a custodian appointed by such Noteholder.

 

Section 34.          
Notices. All notices required hereunder shall be given by (i) writing and personally delivered, (ii) sent by facsimile
transmission (during business hours) if a party has provided a facsimile number, (iii) reputable overnight delivery service (charges
prepaid), (iv) sent by electronic mail containing language requesting the recipient to confirm receipt thereof if a party has provided
an electronic mail address and only if such electronic mail is promptly followed by a written notice or (iv) certified United States
mail, postage prepaid return receipt requested, and addressed to the respective parties at their addresses set forth on Exhibit
B hereto, or at such other address as any party shall hereafter inform the other party by written notice given as aforesaid.
All written notices so given shall be deemed effective upon receipt.

 

All notices and reports
(including, without limitation, Asset Status Reports) required to be delivered hereunder by the Lead Securitization Noteholder
(or any Servicer on its behalf) to the Controlling Noteholder (or its Controlling Noteholder Representative), or by the Controlling
Noteholder (or its Controlling Noteholder Representative) to the Lead Securitization Noteholder as a Non-Controlling Noteholder
(or any Servicer on its behalf), shall also be delivered by the applicable party to each other Noteholder (including to the Note
B Holders, the Note C Holders, and the Note D Holders regardless of whether a Note B Control Appraisal Period, a Note C Control
Appraisal Period or a Note D Control Appraisal Period is continuing).

 

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Section 35.          
Broker. Each Noteholder represents to each other Noteholder that no broker was responsible for bringing about this
transaction.

 

Section 36.           
Certain Matters Affecting the Agent.

 

(a)               
The Noteholders hereby appoint the Agent to act on their behalf, and the Agent shall act on behalf of the Noteholders;

 

(b)              
The Agent may request and/or rely upon and shall be protected in acting or refraining from acting upon any officer’s
certificate or assignment and assumption agreement delivered to the Agent pursuant to Section 20;

 

(c)               
The Agent may consult with counsel and any opinion of counsel shall be full and complete authorization and protection in
respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance with such opinion of counsel;

 

(d)              
The Agent shall be under no obligation to institute, conduct or defend any litigation hereunder or in relation hereto at
the request, order or direction of any of the Noteholders pursuant to the provisions of this Agreement, unless it has received
indemnity reasonably satisfactory to it;

 

(e)               
The Agent or any of its directors, officers, employees, Affiliates, agents or “control” persons within the meaning
of the Act, shall not be personally liable for any action taken, suffered or omitted by it in good faith and reasonably believed
by the Agent to be authorized or within the discretion or rights or powers conferred upon it by this Agreement;

 

(f)               
The Agent shall not be bound to make any investigation into the facts or matters stated in any officer’s certificate
or assignment and assumption agreement delivered to the Agent pursuant to Section 20; and

 

(g)              
The Agent may execute any of the powers hereunder or perform any duties hereunder either directly or by or through agents
or attorneys but shall not be relieved of its obligations hereunder.

 

Section 37.           
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note
A-2-A Holder. In the event that the Agent is terminated pursuant to this Section 37, all of its rights and obligations under
this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination.

 

The Agent may resign
at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this
Agreement and perform the duties of the Agent hereunder. Wells Fargo, as Initial Agent, may transfer its rights and obligations
to a Servicer, as successor Agent, at any time without the consent of any Noteholder. Wells Fargo, as Initial Agent, shall promptly
and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity,
shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. Notwithstanding the foregoing, the
Noteholders hereby agree that, simultaneously with the closing of the Lead Securitization, the Certificate Administrator shall
be deemed to have been automatically appointed

 

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as the successor Agent under this Agreement in place of the Initial Agent or any
successor thereto prior to such Securitization without any further notice or other action. The termination or resignation of the
Certificate Administrator, as Certificate Administrator under the Servicing Agreement, shall be deemed a termination or resignation
of such Certificate Administrator as Agent under this Agreement.

 

Section 38.           
Resizing. In connection with the Mortgage Loan, each Noteholder agrees, subject to clause (iii)(y) below, that if
any Note A Holder determines that it is advantageous to resize its Note by causing the Mortgage Loan Borrower to execute amended
and restated or additional pari passu notes (in either case, “New Notes”) reallocating the principal of such
Note to such New Notes, each Noteholder other than the resizing Noteholder shall cooperate with the resizing Noteholder to effect
such resizing at such resizing Noteholder’s expense; provided that (i) the aggregate principal balance of all outstanding
New Notes following the creation thereof is no greater than the principal balance of such Note or Notes immediately prior to the
creation of the New Notes, (ii) the weighted average interest rate of all outstanding New Notes following the creation thereof
is the same as the interest rate of the related Note or Notes immediately prior to the creation of the New Notes, and (iii) no
such resizing shall (x) change the interest allocable to, or the amount of any payments due to, any other Noteholder, or priority
of such payments, or (y) increase any other Noteholder’s obligations or decrease any other Noteholder’s rights,
remedies or protections. In connection with any resizing of any A Note, the related Noteholder may allocate its rights hereunder
among the New Notes in any manner in its sole discretion.

 

Section 39.           
Conflict. To the extent of any inconsistency between the Servicing Agreement, on one hand, and this Agreement, on
the other, this Agreement shall control.

 

Section 40.           
Cooperation in Securitization.

 

(a)               
Each Noteholder acknowledges that any Noteholder may elect, in its sole discretion, to include its Note in a Securitization.
In connection with a Securitization of Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B or Note A-2-C, at the request
of the related Noteholder, each other Noteholder shall use commercially reasonable efforts, at the requesting Noteholder’s
expense, to satisfy, and to cooperate with the requesting Noteholder in attempting to cause the Mortgage Loan Borrower to satisfy,
the market standards to which the requesting Noteholder customarily adheres or which may be reasonably required in the marketplace
or by the Rating Agencies in connection with the Securitization, including, entering into (or consenting to, as applicable) any
modifications to this Agreement or the Mortgage Loan Documents and to cooperate with the requesting Noteholder in attempting to
cause the Mortgage Loan Borrower to execute such modifications to the Mortgage Loan Documents, in any such case, as may be reasonably
requested by the Rating Agencies to effect the Securitization; provided, however, that either in connection with
the Securitization or otherwise at any time prior to the Securitization no other Noteholder shall be required to modify or amend
this Agreement or any Mortgage Loan Documents (or consent to such modification, as applicable) in connection therewith, if such
modification or amendment would (i) change the interest allocable to, or the amount of any payments due to or priority of any payments
to be made to, such Noteholder, (ii) increase such Noteholder’s obligations or decrease such Noteholder’s rights, remedies
or protections hereunder or under any Mortgage Loan Document, or (iii) otherwise materially adversely affect the rights and interests
of such Noteholder. In connection with any such Securitization of Note A-1-A, Note

 

    88

     

    

 

A-1-B, Note A-1-C, Note A-2-A, Note A-2-B or
Note A-2-C, each other Noteholder agrees to provide for inclusion in any disclosure document relating to the related Securitization
such customary non-confidential information concerning such Noteholder as the requesting Noteholder reasonably determines to be
necessary to satisfy its disclosure obligations in connection with its Securitization. Each Noteholder covenants and agrees that
if it is not the requesting Noteholder, it shall use commercially reasonable efforts to cooperate with the requests of each Rating
Agency and the requesting Noteholder in connection with the preparation of any offering documents in connection with the Securitization,
and to review and respond reasonably promptly with respect to any information relating to it in any Securitization document, all
at the cost and expense of the requesting Noteholder. Each Noteholder acknowledges that the information provided by it to the requesting
Noteholder pursuant to this Section 40 may be incorporated into the offering documents for a Securitization. A requesting
Note A Holder and each Rating Agency shall be entitled to rely on the information supplied by each other Noteholder pursuant to
this Section 40.

 

(b)              
The Note A-1-A Holder, Note A-1-B Holder, Note A-1-C Holder, Note A-2-A Holder, Note A-2-B Holder or Note A-2-C Holder securitizing
its Note may, at its election, deliver to each other Noteholder drafts of the preliminary and final Securitization offering memoranda,
prospectus, preliminary prospectus and any other disclosure documents and (in the case of the Lead Securitization) the Servicing
Agreement simultaneously with distributions of any such documents to the general working group of the related Securitization. Each
other Noteholder may, at its election, review and comment thereon insofar as it relates to such other Noteholder and/or its Note,
and, if such other Noteholder elects to review and comment, such other Noteholder shall review and comment thereon as soon as possible
(but in no event later than (i) in the case of the first draft thereof, two (2) Business Days after receipt thereof and (ii) in
the case of each subsequent draft thereof, the deadline provided to the general working group of the related Securitization for
review and comment), and if such other Noteholder fails to respond within such time, such other Noteholder shall be deemed to have
elected to not comment thereon (but no failure to comment shall constitute a waiver of such other Noteholder’s rights hereunder
or under the Mortgage Loan Documents). In the event of any disagreement between any such other Noteholder with respect to the preliminary
and final offering memoranda, prospectus, free writing prospectus or any other disclosure documents the requesting Noteholder’s
determination shall control (the parties acknowledging that no inaccuracy in such documents shall in any respect prejudice any
such other Noteholder’s rights hereunder or under the Mortgage Loan Documents). No such other Noteholder shall have any obligation
or liability with respect to any such offering documents other than the accuracy of any comments it elects to make regarding itself.

 

(c)               
Notwithstanding anything herein to the contrary, each of the Note A Holders acknowledges and agrees that (i) no other Noteholder
shall be required to incur any out-of-pocket expenses in connection with their respective Securitizations of an A Note, and (ii)
any such other Noteholder shall only be required to disclose such customary non-confidential information reasonably determined
by the requesting Note A Holder to be necessary to satisfy its disclosure obligations in connection with its Securitization.

 

[SIGNATURE PAGE FOLLOWS]

 

    89

     

    

 

IN WITNESS WHEREOF, the
Initial Noteholders have caused this Agreement to be duly executed as of the day and year first above written.

 

	 	DEUTSCHE BANK AG, NEW YORK BRANCH, as Initial Note A-1-A Holder, Initial Note A-1-B Holder, Initial Note A-1-C Holder, Initial Note B-1-A Holder, Initial Note B-1-B Holder, Initial Note C-1-A Holder, Initial Note C-1-B Holder and Initial Note D-1 Holder
	 	 	 
	 	By:	/s/  Thomas Rugg
	 	 	Name: Thomas Rugg
	 	 	Title:    Managing Director
	 	 	 
	 	By:	/s/ Rohan Mehta
	 	 	Name: Rohan Mehta
	 	 	Title:   Vice President

 

SIGNATURE
PAGE TO NEWPORT CORPORATE CENTER CO-LENDER AGREEMENT

 

     

     

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Initial Note A-2-A Holder, Initial Note A-2-B Holder, Initial Note A-2-C Holder, Initial Note B-2-A Holder, Initial Note B-2-B
Holder, Initial Note C-2-A Holder, Initial Note C-2-B Holder, Initial Note D-2 Holder and Initial Agent
	 	 	 
	 	By:	/s/ Jeff Cirillo
	 	 	Name: Jeff Cirillo
	 	 	Title:   Managing Director

 

SIGNATURE
PAGE TO NEWPORT CORPORATE CENTER CO-LENDER AGREEMENT

 

     

     

    

 

EXHIBIT A

MORTGAGE LOAN SCHEDULE

 

		A.	Description of Mortgage Loan:

 

	Mortgage Loan:	Loan Agreement, dated as of April 10, 2019 (as amended, restated, supplemented or otherwise modified from time to time), between Deutsche Bank AG, New York Branch and Wells Fargo Bank, National Association (collectively, together with their respective successors and assigns, “Lender”), and Preylock Bellevue, LLC, as borrower (“Mortgage Loan Borrower”)
	Date of the Mortgage Loan:	May 15, 2019
	Date of Note A-1-A:	May 15, 2019
	Date of Note A-1-B:	May 15, 2019
	Date of Note A-1-C:	May 15, 2019
	Date of Note A-2-A:	May 15, 2019
	Date of Note A-2-B:	May 15, 2019
	Date of Note A-2-C:	May 15, 2019
	Date of Note B-1-A:	May 15, 2019
	Date of Note B-1-B:	May 15, 2019
	Date of Note B-2-A:	May 15, 2019
	Date of Note B-2-B:	May 15, 2019
	Date of Note C-1-A:	May 15, 2019
	Date of Note C-1-B:	May 15, 2019
	Date of Note C-2-A:	May 15, 2019

 

    A-1

     

    

 

	Date of Note C-2-B:	May 15, 2019
	Date of Note D-1:	May 15, 2019
	Date of Note D-2:	May 15, 2019
	Initial Principal Amount of Mortgage Loan:	$312,000,000.00
	Location of Mortgaged Property:	Bellevue, WA
	Anticipated Repayment Date:	May 6, 2029
	Stated Maturity Date:	October 6, 2030

 

    A-2

     

    

 

		B.	Description of Note Interests:

 

	Initial Note A-1-A Principal Balance:	$50,000,000
	Initial Note A-1-B Principal Balance:	$30,000,000
	Initial Note A-1-C Principal Balance:	$10,200,000
	Initial Note A-2-A Principal Balance:	$33,800,000
	Initial Note A-2-B Principal Balance:	$20,000,000
	Initial Note A-2-C Principal Balance:	$20,000,000
	Initial Note B-1-A Principal Balance:	$7,150,000
	Initial Note B-1-B Principal Balance:	$2,750,000
	Initial Note B-2-A Principal Balance:	$5,850,000
	Initial Note B-2-B Principal Balance:	$2,250,000
	Initial Note C-1-A Principal Balance:	$22,000,000
	Initial Note C-1-B Principal Balance:	$18,700,000
	Initial Note C-2-A Principal Balance:	$18,000,000
	Initial Note C-2-B Principal Balance:	$15,300,000
	Initial Note D-1 Principal Balance:	$30,800,000
	Initial Note D-2 Principal Balance:	$25,200,000
	Initial Note A Percentage Interest:	52.56%
	Initial Note B Percentage Interest:	5.77%
	Initial Note C Percentage Interest:	23.72%
	Initial Note D Percentage Interest:	17.95%
	Note A Rate:	3.54323171%
	Note B Rate:	4.62500000%
	Note C Rate:	4.95000000%

 

    A-3

     

    

 

	Note D Rate:	6.50000000%

 

    A-4

     

    

 

EXHIBIT B

 

Initial Note A-1-A Holder, Initial Note A-1-B Holder, Initial
Note A-1-C Holder, Initial Note B-1-A Holder, Initial Note B-1-B Holder, Initial Note C-1-A Holder, Initial Note C-1-B Holder and
Initial Note D-1 Holder:

 

Deutsche Bank AG, New York Branch

60 Wall Street, 10th Floor

New York, New York 10005

Attention: Robert W. Pettinato, Jr.

Facsimile No.: (212) 797-4489

E-mail: Robert.Pettinato@db.com

 

with a copy to:

 

Deutsche Bank AG, New York Branch

60 Wall Street, 10th Floor

New York, New York 10005

Attention: General Counsel

Facsimile No. (646) 736-5721

 

with a copy to:

 

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, NY 10281

Attention: Robert Kim

E-mail: Robert.Kim@cwt.com

 

Initial Note A-2-A Holder, Initial Note A-2-B Holder, Initial
Note A-2-C Holder, Initial Note B-2-A Holder, Initial Note B-2-B Holder, Initial Note C-2-A Holder, Initial Note C-2-B Holder,
Initial Note D-2 Holder and Initial Agent:

 

Wells Fargo Bank, National Association

375 Park Avenue, 2nd Floor

J0127-023

New York, New York 10152

Attention: A.J. Sfarra

Email: Anthony.sfarra@wellsfargo.com

 

with a copy to:

Troy Stoddard, Esq.

Senior Counsel

Wells Fargo Law Department

D1053-300

301 South College St.

 

    B-1

     

    

 

Charlotte, North Carolina 28202

Email: troy.stoddard@wellsfargo.com

with a copy to:

 

Michael Jewesson

Alston & Bird LLP

2200 Ross Ave., Suite 2300

Dallas, TX 75201

E-mail: mike.jewesson@alston.com

 

    B-2

     

    

 

EXHIBIT C

PERMITTED FUND MANAGERS

 

		1.	Alliance Bernstein

		2.	Annaly Capital Management

		3.	Apollo Real Estate Advisors

		4.	Archon Capital, L.P.

		5.	BlackRock, Inc.

		6.	Clarion Partners

		7.	Colony Capital, LLC / Colony Financial, Inc.

		8.	Dune Real Estate Partners

		9.	Eightfold Real Estate Capital, L.P.

		10.	Fortress Investment Group, LLC

		11.	Garrison Investment Group

		12.	Goldman, Sachs & Co.

		13.	H/2 Capital Partners LLC

		14.	iStar Financial Inc.

		15.	J.P. Morgan Investment Management Inc.

		16.	LoanCore Capital

		17.	Lone Star Funds

		18.	One William Street Capital Management, L.P.

		19.	Och-Ziff Capital Management Group/ OZ Management, L.P./ OZ Management II., L.P.

		20.	Praedium Group

		21.	Rialto Capital Management, LLC

		22.	Rialto Capital Advisors LLC

		23.	Rockpoint Group

		24.	Rockwood

		25.	RREEF Funds

		26.	Square Mile Capital Management

		27.	Starwood Capital Group/Starwood Financial Trust

		28.	Teachers Insurance and Annuity Association of America

		29.	The Blackstone Group

		30.	The Carlyle Group

		31.	Walton Street Capital, L.L.C.

		32.	Whitehall Street Real Estate Fund, L.P.

 

    C-1

     

    

 

EXHIBIT D

 

PORTFOLIO INTEREST CERTIFICATION

 

Reference is hereby made
to the Agreement Between Noteholders, dated as of May 16, 2019 (as amended, supplemented or otherwise modified from time to time,
the “Agreement”), by and between Deutsche Bank AG, New York Branch, and Wells Fargo Bank, National Association,
and each lender from time to time party thereto.

 

Pursuant to the provisions
of Section 32 (Withholding Taxes) of the Agreement, the undersigned hereby certifies that (i) it is the sole record and
beneficial owner of the promissory note evidencing Note [B-1-A][B-1-B][B-2-A][B-2-B][C-1-A][C-1-B][C-2-A][C-2-B][D-1][D-2] in respect
of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii)
it is not a ten percent shareholder of the Mortgage Loan Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv)
it is not a controlled foreign corporation related to the Mortgage Loan Borrower as described in Section 881(c)(3)(C) of the Code.

 

The undersigned has furnished
the Master Servicer and the Mortgage Loan Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN-E.

 

Unless otherwise defined
herein, terms defined in the Agreement and used herein shall have the meanings given to them in the Agreement.

 

[NAME OF LENDER]

 

	By:	 	 
	Name:	 
	Title:	 

 

Date: ________ __, 20[   ]

 

    D-1

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