Document:

Exhibit 4.10

 

EXECUTION VERSION

 

 

AMENDED AND RESTATED CO-LENDER AGREEMENT

Dated as of June 11, 2019

by and among

NATIXIS REAL ESTATE CAPITAL LLC

(Note A-1 Holder)

NATIXIS REAL ESTATE CAPITAL LLC

(Note A-2 Holder)

NATIXIS REAL ESTATE CAPITAL LLC

(Note A-3 Holder)

NATIXIS REAL ESTATE CAPITAL LLC

(Note A-4 Holder)

NATIXIS REAL ESTATE CAPITAL LLC

(Note A-5 Holder)

  

    		  

     

    

NATIXIS REAL ESTATE CAPITAL LLC

(Note A-6 Holder)

and

TCM
CRE REIT LLC,

(Note B Holder)

Vanguard Portfolio

    		  

     

    

TABLE OF CONTENTS

Page

	Section 1.   Definitions; Conflicts.	2
	Section 2.   Servicing.	27
	Section 3.   Payments Prior to a Sequential Pay Event.	29
	Section 4.   Payments Following a Sequential Pay Event.	31
	Section 5.   Administration of the Mortgage Loan.	33
	Section 6.   Appointment of the Controlling Noteholder Representative.	41
	Section 7.   Special Servicer.	42
	Section 8.   Payment Procedure.	43
	Section 9.   Limitation on Liability of the Noteholders.	44
	Section 10.   Bankruptcy.	45
	Section 11.   Cure Rights of the Note B Holder.	46
	Section 12.   Purchase of the Senior Notes by the Note B Holder.	47
	Section 13.   Representations of the Note B Holder.	48
	Section 14.   Representations of the Senior Noteholders.	49
	Section 15.   Independent Analysis of the Note B Holder.	49
	Section 16.   No Creation of a Partnership or Exclusive Purchase Right.	50
	Section 17.   Not a Security.	50
	Section 18.   Other Business Activities of the Noteholders.	50
	Section 19.   Sale of the Senior Notes and Note B.	50
	Section 20.   Registration of Transfer.	54
	Section 21.   Registration of the Senior Notes and Note B.	54
	Section 22.   Statement of Intent.	55
	Section 23.   No Pledge.	55
	Section 24.   Governing Law; Waiver of Jury Trial.	55
	Section 25.   Submission To Jurisdiction; Waivers.	55
	Section 26.   Modifications; Amendment.	56
	Section 27.   Successors and Assigns; Third Party Beneficiaries.	56
	Section 28.   Counterparts.	56
	Section 29.   Captions.	56
	Section 30.   Severability.	57
	Section 31.   Entire Agreement.	57
	Section 32.   Withholding Taxes.	57
	Section 33.   Custody of Mortgage Loan Documents.	58
	Section 34.   Notices.	58
	Section 35.   Broker.	58
	Section 36.   Certain Matters Affecting the Agent.	58
	Section 37.   Termination of Agent.	59
	Section 38.   Servicing of the Loan.	59
	Section 39.   Conflict.	60
	Section 40.   Resizing.	60

 

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THIS AMENDED AND RESTATED
CO-LENDER AGREEMENT (the “Agreement”), dated as of June 11, 2019, by and among NATIXIS REAL ESTATE CAPITAL LLC,
a Delaware limited liability company (“Natixis”), having an address at 1251 Avenue of the Americas, New York,
New York 10020 (in its capacity as the initial owner of Note A-1, the “Initial Note A-1 Holder”, and in its
capacity as the initial agent, the “Initial Agent”), Natixis, having an address at 1251 Avenue of the Americas,
New York, New York 10020 (in its capacity as the initial owner of Note A-2, the “Initial Note A-2 Holder”),
Natixis, having an address at 1251 Avenue of the Americas, New York, New York 10020 (in its capacity as the initial owner of Note
A-3, the “Initial Note A-3 Holder”), Natixis, having an address at 1251 Avenue of the Americas, New York, New
York 10020 (in its capacity as the initial owner of Note A-4, the “Initial Note A-4 Holder”), Natixis, having
an address at 1251 Avenue of the Americas, New York, New York 10020 (in its capacity as the initial owner of Note A-5, the “Initial
Note A-5 Holder”), Natixis, having an address at 1251 Avenue of the Americas, New York, New York 10020 (in its capacity
as the initial owner of Note A-6, the “Initial Note A-6 Holder”) and TCM
CRE REIT LLC, having an address at 1044 Northern Boulevard, Suite
100, Roslyn, New York 11576 (in its capacity as the owner of Note B, the “Note B Holder”).

W I T N E S S E T H:

WHEREAS, pursuant
to the Loan Agreement (as defined herein) Natixis 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)
(the “Mortgage Loan Borrower”) described on the Mortgage Loan Schedule, which is evidenced by that certain Promissory
Note in the principal amount of $129,825,000 dated as of November 7, 2018 (the “Original Note”), and secured
by a certain first deed of trust lien (as amended, modified or supplemented, the “Mortgage”) on one or more
parcels of, or estates in, real property (collectively, the “Mortgaged Property”) as described on the Mortgage
Loan Schedule;

WHEREAS, on or prior
to the date hereof, pursuant to multiple amendments, Natixis amended and split the Original Note into the following six (6) promissory
notes.

		·	Promissory Note A-1 in the principal amount of $30,000,000 (as amended, modified or supplemented,
“Note A-1”) made by the Mortgage Loan Borrower in favor of the Initial Note A-1 Holder;

		·	Amended and Restated Promissory Note A-2 in the principal amount of $25,000,000 (as amended, modified
or supplemented, “Note A-2”) made by the Mortgage Loan Borrower in favor of the Initial Note A-2 Holder;

		·	Promissory Note A-3 in the principal amount of $20,000,000 (as amended, modified or supplemented,
“Note A-3”) made by the Mortgage Loan Borrower in favor of the Initial Note A-3 Holder;

		·	Promissory Note A-4 in the principal amount of $20,000,000 (as amended, modified or supplemented,
“Note A-4”) made by the Mortgage Loan Borrower in favor of the Initial Note A-4 Holder;

    		  

     

    

		·	Promissory Note A-5 in the principal amount of $17,017,500 (as amended, modified or supplemented,
“Note A-5”) made by the Mortgage Loan Borrower in favor of the Initial Note A-5 Holder;

		·	Promissory Note A-6 in the principal amount of $4,825,000 (as amended, modified or supplemented,
“Note A-6”) and together with Note A-1, Note A-2, Note A-3, Note A-4 and Note A-5, the “Senior Notes”)
made by the Mortgage Loan Borrower in favor of the Initial Note A-6 Holder; and

		·	Amended and Restated Promissory Note B in the original principal amount of $12,982,500 (as amended,
modified or supplemented, “Note B”) made by the Mortgage Loan Borrower in favor of the Initial Note B Holder
(“Note A-1”, “Note A-2”, “Note A-3”, “Note A-4”, “Note A-5”, “Note
A-6” and “Note B” respectively and individually, each, a “Note” and collectively the “Notes”).

WHEREAS, on or prior
to the date hereof, TCM CRE REIT LLC, acquired all of Natixis’ right, title and interest in and to Note B.

WHEREAS, the Initial
Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder, the Initial Note A-4 Holder, the Initial Note A-5 Holder,
the Initial Note A-6 Holder, and the Note B Holder desire to enter into this Agreement to memorialize the terms under which they
and their successors and assigns shall hold Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6 and Note B, respectively.

NOW, THEREFORE,
in consideration of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto mutually agree as follows:

Section 1.               
Definitions; Conflicts. References to a “Section”, “preamble” or the “recitals”
are, unless otherwise specified, to a Section, preamble or the recitals of this Agreement. Capitalized terms used but not otherwise
defined herein shall have the meaning assigned to such term or an analogous term in (i) prior to the Securitization Date, the Model
PSA and (ii) from and after the Securitization Date, the Securitization Servicing Agreement. To the extent of any inconsistency
between this Agreement and the Servicing Agreement, the terms of this Agreement shall control. Whenever used in this Agreement,
the following terms shall have the respective meanings set forth below unless the context clearly requires otherwise.

“Acceptable
Insurance Default” shall have the meaning (i) prior to the Securitization Date, assigned to such term or an analogous
term in the Model PSA and (ii) from and after the Securitization Date, assigned to such term or an analogous term in the Securitization
Servicing Agreement.

“Acquiring
Korean Trust” shall have the meaning assigned to such term in the definition of “Qualified Transferee.”

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“Additional
Servicing Expenses” shall mean (a) all property protection advances, fees and/or expenses incurred by and reimbursable
to any Servicer, Trustee, Operating Advisor or Certificate Administrator pursuant to the Servicing Agreement, 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 related Non-Lead Securitization Servicing Agreement; provided
that (i) the aggregate special servicing fee (which fee is payable solely during the period that the Mortgage Loan is specially
serviced) shall not exceed 0.25% (subject to industry standard monthly floor amounts, if so provided in the Servicing Agreement),
(ii) the special servicing liquidation fee (or equivalent) shall not exceed 1.00% 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
(subject to industry standard monthly floor amounts, if so provided in the Servicing Agreement); and (iii) the special servicing
workout fee (or equivalent) shall not exceed 1.00% of the collections made with respect to the Mortgage Loan while the Mortgage
Loan is a performing (subject to industry standard monthly floor amounts, if so provided in the Servicing Agreement).

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

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

“Affiliate”
shall mean, with respect to any specified Person, any other Person Controlling, Controlled by or under common Control with such
specified Person.

“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 Master Servicer in its role as “Companion Paying Agent” (or equivalent term) under
the Securitization Servicing Agreement.

“Agent Office”
shall mean the designated office of the Agent in the State of New York, which office as of the date of this Agreement is located
at Natixis Real Estate Capital LLC, 1251 Avenue of the Americas, New York, New York 10020, 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 sent in accordance with this Agreement.

“Agreement”
shall mean this Co-Lender Agreement, the exhibits and schedules hereto and all amendments hereof and supplements hereto.

“Appraisal”
shall have the meaning (i) prior to the Securitization Date, assigned to such term or an analogous term in the Model PSA and (ii)
from and after the Securitization Date, assigned to such term or an analogous term in the Securitization Servicing Agreement.

“Appraisal
Reduction Amount” shall mean:

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(A)       prior
to the Securitization Date, after the occurrence of an Appraisal Trigger Event, an amount (calculated immediately following the
later of the date on which the Appraisal Trigger Event occurs and the date on which the applicable Appraisal was obtained) equal
to the excess, if any, of:

(a)   
the sum of, without duplication, (i) the outstanding Principal Balance of the Mortgage Loan as of the applicable date of
determination, (ii) to the extent not previously advanced by or on behalf of the Master Servicer or the Trustee, all unpaid interest
on the Mortgage Loan through the most recent Due Date prior to the date of determination (exclusive of any portion thereof that
represents Default Interest), (iii) all other amounts (excluding principal, default interest, late charges, penalty charges, exit
fees, Prepayment Premiums and any similar amounts) due and unpaid with respect to the Mortgage Loan, (iv) all related unreimbursed
Advances made by or on behalf of (plus all accrued and unpaid interest on such Advances (other than Unliquidated Advances)
payable to) the Master Servicer, the Special Servicer and/or the Trustee with respect to Mortgage Loan, (v) any other unpaid trust
fund expenses (excluding any costs that do not relate directly to the Mortgage Loan), and (vi) all currently due and unpaid real
estate taxes and assessments, insurance premiums and, if applicable, ground rents, and any unfunded improvement or other applicable
reserves, in respect of the related Mortgaged Property or REO Property, as the case may be (in each case, net of any amounts escrowed
with the Master Servicer or the Special Servicer for such items); over

(b)  
an amount equal to the sum of: (i) the excess, if any, of (x) 90% of the appraised value of the Mortgaged Property (or REO
Property) as determined by the applicable Appraisal or any letter update of such Appraisal, over (y) the amount of any obligations
secured by liens on such Mortgaged Property (or REO Property) that are prior to the lien of the Mortgage Loan; plus (ii)
the amount of any Escrow Payments and/or reserve funds held by the Master Servicer or the Special Servicer with respect to the
Mortgage Loan, the related Mortgaged Property or any related REO Property that are not being held in respect of any real estate
taxes and assessments, insurance premiums or, if applicable, ground rents; plus (iii) the amount of any letter of credit
constituting additional security for the Mortgage Loan and that may be applied towards the reduction of the principal balance of
the Mortgage Loan; plus (iv) the amount of any Threshold Event Collateral then held by the Servicer; and

(B)       from
and after the Securitization Date, the meaning assigned to such term or an analogous term in the Servicing Agreement.

“Appraisal
Review Period” shall have the meaning assigned to such term in Section 5(h)(ii).

“Appraisal
Trigger Event” shall mean

(i)           
prior to the Securitization Date, the earliest of the date on which the Mortgage Loan: (a) becomes a modified Mortgage Loan
following the occurrence of a Servicing Transfer Event, (b) becomes an REO Loan, (c) with respect to which a receiver or similar
official is appointed and continues for thirty (30) days

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in such capacity in respect of the
Mortgaged Property, (d) the Mortgage Loan Borrower becomes the subject of bankruptcy, insolvency or similar proceedings or, if
such proceedings are involuntary, such proceedings remain undismissed for sixty (60) days, (e) any Monthly Payment (other than
a Balloon Payment) becomes one hundred twenty (120) days or more delinquent, or (f) the Mortgage Loan Borrower fails to make when
due any Balloon Payment and the Mortgage Loan Borrower does not deliver to the Master Servicer or the Special Servicer, on or before
the due date of the Balloon Payment, a written and fully executed (subject only to customary final closing conditions) refinancing
commitment from an acceptable lender and reasonably satisfactory in form and substance to the Master Servicer (and the Master Servicer
shall promptly forward such commitment to the Special Servicer) which provides that such refinancing will occur within ninety (90)
days after the date on which the Balloon Payment will become due (provided that if either such refinancing does not occur during
that time or the Master Servicer is required during that time to make any P&I Advance in respect of the Mortgage Loan, an Appraisal
Trigger Event will occur immediately); and

(ii)           
from and after the Securitization Date, the meaning assigned to such term or an analogous term in the Securitization Servicing
Agreement.

“Appraised-Out
Holder” shall have the meaning assigned to such term in Section 5(h)(i).

“Approved
Servicer” shall have the meaning assigned to such term in the definition of “Qualified Transferee.”

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

“Balloon
Payment” shall have the meaning assigned to such term or an analogous term 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.

“Certificate
Administrator” shall mean the certificate administrator under the Servicing Agreement, if any.

“CLO”
shall have the meaning assigned to such term in the definition of “Qualified Transferee.”

“CLO Asset
Manager” shall mean, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing
or administering Note B as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any Intervening
Trust Vehicle

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(including, without limitation, the
right to exercise any consent and control rights available to the holder of Note B).

“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.

“Condemnation
Proceeds” shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

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

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

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

“Control”
shall mean 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, and the terms “Controlling”
and “Controlled” have meanings correlative to the foregoing.

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

(a)               
(1) the initial Note 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, Note B after the date of creation of Note B, (y)
any Appraisal Reduction Amount for the Mortgage Loan that is allocated to Note B and (z) any losses realized with respect to any
Mortgaged Property or the Mortgage Loan that are allocated to Note B, plus (3) the Threshold Event Collateral then held
by the Servicer, is less than

(b)              
twenty-five percent (25%) of the remainder of the (i) initial Note B Principal Balance less (ii) any payments of principal
(whether as principal prepayments or otherwise) allocated to, and received by, the Note B Holder on Note B after the date of creation
of Note B.

“Controlling
Noteholder” shall mean as of any date of determination (i) the Note B Holder, unless a Control Appraisal Period has occurred
and is continuing or (ii) if a Control Appraisal Period has occurred and is continuing, the Note A-1 Holder; provided that,
if the Note B Holder would be the Controlling Noteholder pursuant to the terms hereof, but any interest in the Note of the Note
B Holder 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 Control Appraisal
Period shall be deemed to have occurred with respect to the Note B Holder. As of the

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date of this Agreement, the Controlling
Noteholder will be the Note B Holder. At any time that the Note A-1 Holder is the Controlling Noteholder and Note A-1 is included
in a Securitization, the rights of the “Controlling Noteholder” may be exercised by the holders of the majority of
the class of securities issued in such Securitization designated as the “controlling class” 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 (and the applicable Servicing Agreement shall contain limitations on the rights of the Controlling
Noteholder that can be exercised by a certificate holder that is the Mortgage Loan Borrower or has certain relationships with the
Mortgage Loan Borrower).

“Controlling
Noteholder Representative” shall mean, with respect to the Mortgage Loan, the advisor appointed pursuant to Section 6(a).

“Credit Risk
Retention Rule” shall mean Section 15G of the Exchange Act as added by Section 941 of the Dodd-Frank Act and implemented
by Regulation RR (15 U.S.C. §78o-11).

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

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

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

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

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

“Defaulted
Mortgage Loan Purchase Price” shall mean the sum, without duplication, of (a) the Principal Balance of the Senior
Notes, (b) accrued and unpaid interest on the Senior Notes at the Senior Note 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, 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) any unreimbursed property protection or servicing
Advances and any expenses incurred in enforcing the Mortgage Loan Documents (including, without limitation, servicing Advances
payable or reimbursable to any Servicer, and earned and unpaid special servicing fees), (e) any accrued and unpaid Advance
Interest Amount, (f) (i) if the Mortgage Loan Borrower or a Mortgage Loan Borrower Related Party is the purchaser or (ii) if the
Senior Notes are 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 Securitization Servicing Agreement and (g)  any Recovered Costs not reimbursed
previously to the Senior Noteholders pursuant to this Agreement. If the Mortgage Loan is converted into a REO Property, for

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purposes of determining the Defaulted
Mortgage Loan Purchase Price, interest will be deemed to continue to accrue at the Senior Note Rate on the Senior Note Principal
Balance, 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 Note B Holder under this Agreement.

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

“Due Date”
shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

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

“Event of
Default” shall have the meaning assigned to such term in the Loan Agreement.

“First Non-Lead
Note” shall mean the first Senior Note, other than Note A-1, that is included as part of the securitization of one or
more mortgage loans.

“First Non-Lead
Note PSA” shall mean the “pooling and servicing agreement” entered into in connection with the First Non-Lead
Senior Note Securitization.

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

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

“First Non-Lead
Note Trust Fund” shall mean the trust formed pursuant to the First Non-Lead Note PSA.

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

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

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

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

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

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“Initial
Note A-3 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

“Initial
Note A-4 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

“Initial
Note A-5 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

“Initial
Note A-6 Holder” shall have the meaning assigned to such term in the preamble to this Agreement.

“Initial
Note B Holder” shall mean Natixis Real Estate Capital LLC.

“Initial
Noteholders” shall mean, collectively, the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3
Holder, the Initial Note A-4 Holder, the Initial Note A-5 Holder, the Initial Note A-6 Holder and the Initial Note B Holder.

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

“Interest
Rate” shall have the meaning assigned to such term or an analogous term in the Mortgage Loan Documents.

“Interim
Servicing Agreement” shall mean at such time that the Mortgage Loan is not serviced pursuant to that certain Servicing
Agreement, dated as of September 1, 2003, between Natixis (formerly known as CDC Mortgage Capital Inc.), as owner, and Midland
Loan Services, Inc., as servicer. The Note A-1 Holder, Note A-2 Holder, Note A-3 Holder, Note A-4 Holder, the Note A-5 Holder and
the Note A-6 Holder shall not, without the consent of the Note B Holder, consent to any amendment or modification to such Interim
Servicing Agreement to the

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extent such amendment or modification
would materially and adversely affect the Mortgage Loan or the Note B Holder’s rights with respect thereto (as reasonably
determined by the Note B Holder).

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

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

“Lead Securitization”
shall mean during the (a) period from and after the First Non-Lead Note Securitization and prior to the Note A-1 Securitization,
the trust established under the First Non-Lead Note Securitization and (b) from and after the Note A-1 Securitization, the trust
established under the Note A-1 Securitization.

“Lead Senior
Note” shall mean (i) during the period from and after the First Non-Lead Note Securitization and prior to the Note A-1
Securitization, the First Non-Lead Note and (ii) from and after the Note A-1 Securitization, Note A-1.

“Lead Senior
Noteholder” shall mean the holder of the Lead Senior Note.

“Lead Servicer”
shall mean (a) during the period from and after the First Non-Lead Note Securitization and prior to the Note A-1 Securitization,
the servicer and/or special servicer designated under the First Non-Lead Note  PSA and (b) from and after the Note A-1
Securitization, the servicer and/or special servicer designated under the Note A-1 PSA.

“Lead Trustee”
shall mean (a) during the period from and after the First Non-Lead Note Securitization and prior to the Note A-1 Securitization,
the trustee designated under the First Non-Lead Note Securitization and (b) from and after the Note A-1 Securitization, the
trustee designated under the Note A-1 Securitization.

“Liquidation
Proceeds” shall mean (i) prior to the Securitization Date, the amount (other than insurance proceeds, condemnation awards
or amounts required to be paid to the Mortgage Loan Borrower or other Persons pursuant to the Mortgage Loan Documents or applicable
law) received in connection with (y) the liquidation of a Specially Serviced Mortgage Loan through a trustee’s sale, foreclosure
sale or otherwise or (z) a sale of the Mortgage Loan or an REO Property in accordance with this Agreement and (ii) from and after
the Securitization Date, the meaning assigned to such term or an analogous term in the Securitization Servicing Agreement.

“Loan Agreement”
shall mean that certain Loan Agreement, dated as of November 7, 2018, between Natixis, as lender, and 425 GVP Property Company
LLC, 1001 GVP Property Company LLC and 50 GVP Property Company LLC, collectively, as borrower, as the same may be further amended,
restated, renewed, extended, modified or supplemented from time to time, subject to the terms hereof.

“Major Decision”
shall mean:

    		10 

     

    

(i) prior to the Securitization
Date:

(a)   
any proposed or actual foreclosure upon or comparable conversion (which shall include acquisitions of any REO Property)
of the ownership of the Mortgaged Property;

(b)  
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 but excluding
waiver of Default Interest or late payment charges) of the Mortgage Loan or any extension of the maturity date of the Mortgage
Loan other than as expressly permitted pursuant to the terms of the Mortgage Loan Documents;

(c)   
following a default or an event of default with respect to the Mortgage Loan, any exercise of remedies, including the acceleration
of the Mortgage Loan or initiation of judicial, bankruptcy or similar proceeding, under the Mortgage Loan Documents or with respect
to the Mortgage Loan Borrower or the Mortgaged Property;

(d)  
any sale of a Defaulted Loan or REO Property for less than “par”;

(e)   
any determination to bring an REO Property into compliance with applicable environmental laws or to otherwise address any
hazardous materials located at an REO Property;

(f)   
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 immaterial condemnation actions and other similar takings, or if otherwise permitted pursuant
to the specific terms of the Mortgage Loan Documents and for which there is no lender discretion;

(g)  
any waiver of a “due on sale” or “due on encumbrance” clause with respect to the Mortgage Loan if
lender consent is required under the Mortgage Loan Documents, or any consent to such a waiver or consent to a transfer of the Mortgaged
Property or interests in the Mortgage Loan Borrower or consent to the incurrence of additional debt, other than any such transfer
or incurrence of debt as may be effected without the consent of the lender under the Loan Agreement or related to an immaterial
easement, right of way or similar agreement;

(h)  
any property management company changes or franchise changes to the extent the lender is permitted to consent or approve
under the Mortgage Loan Documents;

(i)    
releases of any material amounts from any escrow accounts, reserve funds or letters of credit, in each case, held as performance
or “earn-out” escrows or reserves, other than those releases done in accordance with the specific terms of the Mortgage
Loan Documents and for which there is no lender discretion;

(j)    
any acceptance of an assumption agreement or any other agreement permitting a transfer of interests in the Mortgage Loan
Borrower, Guarantor or other guarantor,

    		11 

     

    

indemnitor or obligor releasing
the Mortgage Loan Borrower, Guarantor or other guarantor, indemnitor or obligor from liability under the Mortgage Loan other than
pursuant to the specific terms of the Mortgage Loan and for which there is no lender discretion;

(k)  
any determination of an Acceptable Insurance Default;

(l)    
any proposed modification or waiver of any material provisions in the Mortgage Loan Documents governing the type, nature
or amount of insurance coverage required to be obtained by the Mortgage Loan Borrower;

(m) execution,
termination, modification, waiver or amendment of any ground lease, the Master Lease (as defined in the Loan Agreement) or any
“Material Lease” (as defined in the Loan Agreement) or the granting of a subordination and non-disturbance or attornment
agreement in connection with any or Material Lease, in each case to the extent Lender approval is required under the Mortgage Loan
Documents;

(n)  
any filing of a bankruptcy or similar action against the Mortgage Loan Mortgage Loan Borrower 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 Section 363 sale,
order shortening time or similar motion of procedure in an Insolvency Proceeding or making an Section 1111(b)(2) election on behalf
of the Noteholders;

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

(p)  
approval of the “Annual Budget” (as defined in the Loan Agreement) to the extent the lender’s consent
is required under the Loan Agreement; and

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

(ii) from and after
the Securitization Date, the meaning assigned to such term or an analogous term in the Securitization Servicing Agreement.

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

“Master Servicer
Remittance Date” shall mean:

(a)               
with respect to the Lead Senior Note and Note B, the “Remittance Date” (or analogous term) as defined in the
Servicing Agreement; and

    		12 

     

    

(b)              
with respect to any Non-Lead Senior Note, the earlier of (a) the “Remittance Date” (or analogous term) as defined
in the Servicing Agreement or (b) the first Business Day after the “Determination Date,” (or analogous term) as defined
in the Servicing Agreement, provided, however, that no remittance is required to be made until two Business Days
after receipt of the scheduled Monthly Payment with respect to the Mortgage Loan.

“Model PSA”
shall mean the Pooling and Servicing Agreement for the CSAIL 2018-CX12 transaction, among Credit Suisse Commercial Mortgage Securities
Corp., as depositor, Wells Fargo Bank, National Association, as master servicer, LNR Partners, LLC, as special servicer, Wells
Fargo Bank, National Association, as certificate administrator, Wilmington Trust, National Association, as trustee, and Park Bridge
Lender Services LLC, as operating advisor and as asset representations reviewer.

“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
Debt Service Payment Amount” shall have the meaning assigned to such term or an analogous term in the Loan Agreement.

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

“Monthly
Payment Date” shall mean the “Payment Date” (as defined in the Mortgage Loan Documents).

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

“Morningstar”
shall mean Morningstar Credit Ratings, LLC, or any of its successors in interest.

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

“Mortgage
Loan Borrower Related Party” shall have the meaning (i) prior to the Securitization Date, assigned to such term or an
analogous term in the Model PSA and (ii) from and after the Securitization Date, assigned to such term or an analogous term in
the Securitization Servicing Agreement.

    		13 

     

    

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

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

“Mortgage
Loan Schedule” shall mean the Schedule attached hereto as Exhibit A, which schedule sets forth certain information
regarding the Mortgage Loan and the Notes.

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

“Natixis”
shall mean Natixis Real Estate Capital LLC, and its successors in interest.

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

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

“New Notes”
shall have the meaning assigned to such term in Section 40.

“Non-Controlling
Senior Noteholder” shall mean each of the Note A-1 Holder (solely during such time as the Note B Holder is the Controlling
Noteholder), the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder and Note A-6 Holder.

“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 Lead Senior Noteholder
to make such payments free of any obligation or liability for withholding.

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

“Non-Lead
Securitization” shall mean any Securitization of a Non-Lead Note in a Securitization Trust that is not the Lead Securitization.

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

“Non-Lead
Senior Note” shall mean during the period (i) from and after the First Non-Lead Note Securitization Date and prior
to the Note A-1 Securitization Date, each of the Notes that is not included in the First Non-Lead Note Securitization, and (ii)
on and after the

    		14 

     

    

Note A-1 Securitization Date, each of
the Notes that is not included in the Note A-1 Securitization.

“Non-Lead
Senior Noteholder” shall mean the holder of the Non-Lead Senior Note.

“Non-Lead
Servicer” shall mean the servicer or special servicer designated under any Non-Lead Securitization Servicing Agreement.

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

“Non-Lead
Trustee” shall mean, from and after the Note A-1 Securitization, the trustee designated under the Note A-2 PSA, Note
A-3 PSA, Note A-4 PSA, Note A-5 PSA and Note A-6 PSA.

“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).

“Note”
shall mean any of the Senior Notes and Note B, as applicable.

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

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

“Note A-1
Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A-1 Principal
Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3
Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance and the Note
B Principal Balance.

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

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

    		15 

     

    

“Note A-1
Securitization” shall mean the sale by the Note A-1 Holder of Note A-1 to a depositor who will in turn include
Note A-1 as part of the securitization of one or more mortgage loans.

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

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

“Note A-2
Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A-2 Principal
Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3
Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance and the Note
B Principal Balance.

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

“Note A-2
PSA” shall mean the “pooling and servicing agreement” entered into in connection with the Note A-2 Securitization,
if any.

“Note A-2
Securitization” shall mean the sale by the Note A-2 Holder of Note A-2 to a depositor who will in turn include Note A-2
as part of the securitization of one or more mortgage loans.

“Note A-3”
shall have the meaning assigned to such term in the recitals.

“Note A-3
Holder” shall mean the Initial Note A-3 Holder, and its successors in interest, or any subsequent holder of Note A-3.

“Note A-3
Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A-3 Principal
Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3
Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance and the Note
B Principal Balance.

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

“Note A-3
PSA” shall mean the “pooling and servicing agreement” entered into in connection with the Note A-3 Securitization,
if any.

    		16 

     

    

“Note A-3
Securitization” shall mean the sale by the Note A-3 Holder of Note A-3 to a depositor who will in turn include Note A-3
as part of the securitization of one or more mortgage loans.

“Note A-4”
shall have the meaning assigned to such term in the recitals.

“Note A-4
Holder” shall mean the Initial Note A-4 Holder, and its successors in interest, or any subsequent holder of Note A-4.

“Note A-4
Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A-4 Principal
Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3
Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance and the Note
B Principal Balance.

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

“Note A-4
PSA” shall mean the “pooling and servicing agreement” entered into in connection with the Note A-4 Securitization,
if any.

“Note A-4
Securitization” shall mean the sale by the Note A-4 Holder of Note A-4 to a depositor who will in turn include Note A-4
as part of the securitization of one or more mortgage loans.

“Note A-5”
shall have the meaning assigned to such term in the recitals.

“Note A-5
Holder” shall mean the Initial Note A-5 Holder, and its successors in interest, or any subsequent holder of Note A-5.

“Note A-5
Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A-5 Principal
Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3
Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance and the Note B Principal Balance.

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

“Note A-5
PSA” shall mean the “pooling and servicing agreement” entered into in connection with the Note A-5 Securitization,
if any.

    		17 

     

    

“Note A-5
Securitization” shall mean the sale by the Note A-5 Holder of Note A-5 to a depositor who will in turn include Note A-5
as part of the securitization of one or more mortgage loans.

“Note A-6”
shall have the meaning assigned to such term in the recitals.

“Note A-6
Holder” shall mean the Initial Note A-6 Holder, and its successors in interest, or any subsequent holder of Note A-6.

“Note A-6
Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the Note A-6 Principal
Balance and the denominator of which is the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3
Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance and the Note
B Principal Balance.

“Note A-6
Principal Balance” shall mean, at any time of determination, the initial Note A-6 Principal Balance set forth on the
Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-6 Holder or reductions in such amount pursuant
to Section 3, 4 or 5, as applicable.

“Note A-6
PSA” shall mean the “pooling and servicing agreement” entered into in connection with the Note A-6 Securitization,
if any.

“Note A-6
Securitization” shall mean the sale by the Note A-6 Holder of Note A-6 to a depositor who will in turn include Note A-6
as part of the securitization of one or more mortgage loans.

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

“Note B Holder”
shall have the meaning assigned to such term in the preamble to this Agreement, or any subsequent holder of Note B.

“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-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance,
the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance and the Note B Principal Balance.

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

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

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

    		18 

     

    

“Note Default
Interest Spread” shall mean the Note Default Interest Spread set forth on the Mortgage Loan Schedule.

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

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

“Noteholder”
shall mean any of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the
Note A-6 Holder and the Note B Holder, as applicable.

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

“Operating
Advisor” shall mean the operating advisor under the Servicing Agreement, if any.

“Original
Entity” shall have the meaning assigned to such term in Section 40.

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

“Owned Note”
shall have the meaning assigned to such term in Section 40.

“P&I
Advance” shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

“Percentage
Interest” shall mean, with respect to the Note A-1 Holder, the Note A-1 Percentage Interest, with respect to the Note
A-2 Holder, the Note A-2 Percentage Interest, with respect to the Note A-3 Holder, the Note A-3 Percentage Interest, with respect
to the Note A-4 Holder, the Note A-4 Percentage Interest, with respect to the Note A-5 Holder, the Note A-5 Percentage Interest,
with respect to the Note A-6 Holder, the Note A-6 Percentage Interest and with respect to the Note B Holder, the Note B Percentage
Interest, as each may be adjusted from time to time.

“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 $100,000,000 and (iii) not
subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

“Person”
shall mean any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company,
trust, unincorporated organization or government or any agency or political subdivision thereof.

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

    		19 

     

    

“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 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance,
the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance and/or the Note B Principal Balance,
as applicable.

“Qualified
Transferee” shall mean each of:

(a)   
the Initial Noteholders;

(b)  
any other Person that is an entity Controlled (as defined below) by, under common Control with or Controlling of any of
the Initial Noteholders; or

(c)   
one or more of the following:

(i)           
a real estate investment bank, an insurance company, 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 CLO, a single purpose bankruptcy remote entity that contemporaneously assigns or
pledges the 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 (“CLO”) secured by, or (c) a
financing through an “owner trust” of, a Note or any interest therein (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 two nationally recognized credit rating agencies; (2) 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 or
any interest therein 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 CLO, the CLO Asset Manager and, if applicable,
each Intervening Trust Vehicle that is not administered and managed by a CLO Asset Manager that is a

    		20 

     

    

Qualified Transferee, are each a
Qualified Transferee under clauses (i), (ii), (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 $100,000,000, in which (A) any Initial Noteholder, (B) a person that is otherwise a Qualified Transferee
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 clause (d) below (with respect to an entity Controlled by an entity referred to in 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, or

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

(vi)           
any Person that is otherwise a Qualified Transferee but is acting in an agency capacity in connection with a lending syndicate,
so long as more than fifty percent (50%) of the lenders in the lending syndicate (by loan balance or committed loan amounts) are
Qualified Transferees; or

(vii)           
a private trust established and authorized under the laws 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 Transferees and satisfy the capital surplus/equity and total asset requirements
set forth below; and

in the case of any entity referred to
in clause (c)(i), (ii), (iv)(B) or (v) of this definition, (x) such entity or parent has at least $100,000,000 in capital/statutory
surplus or shareholders’ equity including uncalled capital commitments (except with respect to a pension advisory firm, asset
manager or similar fiduciary) and at least $250,000,000 in total assets including uncalled capital commitments (in name or under
management), and (y) is regularly engaged in the business of making or owning commercial real estate loans (or interests therein)
(or in the case of a pension advisory firm, asset manager or similar fiduciary, is regularly engaged in managing investments in
commercial real estate loans) similar to the Mortgage Loan (or mezzanine loans with respect thereto) 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

(d)  
any entity Controlled by, under common Control with or Controlling any of the entities described in clause (c) above
or approved by the Rating Agencies hereunder as a Qualified Transferee 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; and

    		21 

     

    

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). For purposes of this
definition, if more than one Qualified Transferee owns, (directly or indirectly) in the aggregate more than fifty percent (50%)
of the beneficial ownership interests of an entity and one or more of the Qualified Transferees possess the power to direct or
cause the direction of the management or policies of the entity, whether through the ability to exercise voting power, by contract
or otherwise, even though each such Qualified Transferee individually owns less than fifty percent (50%) of such beneficial interests,
such entity shall be deemed to be “Controlled by” a Qualified Transferee.

“Qualified
Trustee” shall mean (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 $100,000,000 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 then rated in one of the 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) Kroll and (f) Morningstar or, 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 designated by a Senior Noteholder; provided, however, that at any time during which a Senior Note is
an asset of a Securitization, “Rating Agencies” or “Rating Agency” shall have the meaning assigned to such
term in the Servicing Agreement.

“Rating Agency
Confirmation” shall have the meaning given thereto or any analogous term in the Securitization Servicing Agreement, including
any deemed Rating Agency Confirmation; provided that a written waiver or other acknowledgment from a Rating Agency indicating
its decision not to review the matter for which the Rating Agency Confirmation is sought shall be deemed to satisfy the requirement
for the Rating Agency Confirmation from each Rating Agency with respect to such matter.

“Recovered
Costs” shall mean any amounts referred to in clauses (d) and/or (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 other than the Mortgage Loan).

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

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

    		22 

     

    

“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.

“REO Loan”
shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

“REO Property”
shall mean any Mortgaged Property, title to which has been acquired by the Servicer on behalf of the Noteholders through foreclosure,
deed in lieu of foreclosure or otherwise.

“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, within the twelve (12) month period prior to the date of determination, such special
servicer has acted as special servicer for one or more loans included in a commercial mortgage loan securitization that was rated
by Moody’s 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 as a material reason for such downgrade or withdrawal, (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 Kroll 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 Kroll, Kroll 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, within the twelve (12) month period prior to the date of determination,
such special servicer has acted as special servicer for one or more loans included in a commercial mortgage loan securitization
that was rated by DBRS and DBRS 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 status” citing the continuation of such special servicer
as special servicer of such commercial mortgage loans as a material reason for such downgrade or withdrawal (or placement on “watch
status” in contemplation of a ratings downgrade or withdrawal).

“S&P”
shall mean S&P Global Ratings, and its successors in interest.

    		23 

     

    

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

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

“Securitization
Servicing Agreement” shall mean during the period (i) from and after the First Non-Lead Note Securitization and prior
to the Note A-1 Securitization, the First Non-Lead Note PSA and (ii) from and after the Note A-1 Securitization, the Note A-1 PSA;
provided that in the event the Lead Senior Note is no longer an asset of the trust fund created pursuant to the Securitization
Servicing Agreement, the term “Securitization Servicing Agreement” shall refer to the subsequent servicing agreement
entered into pursuant to Section 2.

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

“Securitization
Vehicle” shall have the meaning assigned to such term in the definition of “Qualified Transferee.”

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

“Senior Noteholder”
shall mean the Initial Note A-1 Holder, the Initial Note A-2 Holder, the Initial Note A-3 Holder, the Initial Note A-4 Holder,
the Initial Note A-5 Holder and the Initial Note A-6 Holder, or any subsequent holder of a Senior Note.

“Senior Note
Percentage Interest” shall mean a fraction, expressed as a percentage, the numerator of which is the sum of the Note
A-1 Principal Balance, Note A-2 Principal Balance, Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal
Balance and the Note A-6 Principal Balance and the denominator of which is the sum of the Note A-1 Principal Balance, Note A-2
Principal Balance, Note A-3 Principal Balance, Note A-4 Principal Balance, Note A-5 Principal Balance, Note A-6 Principal Balance
and the Note B Principal Balance.

“Senior Note
Principal Balance” shall mean the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3
Principal Balance, the Note A-4 Principal Balance , the Note A-5 Principal Balance and the Note A-6 Principal Balance.

“Senior Note
Rate” shall mean the Senior Note Rate set forth in the Mortgage Loan Schedule.

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

“Sequential
Pay Event” shall mean any Event of Default with respect to an obligation to pay money due under the Mortgage Loan or
any other Event of Default that causes the Mortgage Loan to become a Specially Serviced Mortgage Loan (other than as a result of
a foreseeable event) or any bankruptcy or insolvency event that constitutes an Event of Default. A

    		24 

     

    

Sequential Pay Event shall no longer
exist to the extent it has been cured (including any cure payment made in accordance with Section 11) and shall not be deemed to
exist to the extent the Note B Holder is exercising its cure rights under Section 11.

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

“Servicing
Agreement” shall mean (i) prior to the Securitization Date, the Interim Servicing Agreement, and (ii) from and after
the Securitization Date, the Securitization Servicing Agreement.

“Servicing
Fee Rate” shall have the meaning assigned to such term in the Servicing Agreement; provided that the Servicing
Fee Rate attributable to Note B shall not exceed one basis point (0.01%) per annum.

“Servicing
Standard” shall mean (I) prior to the Securitization Date, the procedures that the Master Servicer, as an independent
contractor, follows in order to service and administer the Mortgage Loan and administer REO Property solely on behalf of the Noteholders
(as a collective whole as if such Noteholders constituted one lender, it being understood that Note B is subordinate to the Senior
Notes, subject to the terms and conditions of this Agreement) (as determined by the Master Servicer in the exercise of its good
faith and reasonable judgment), in accordance with applicable law, the terms of this Agreement and the Mortgage Loan Documents
and, to the extent consistent with the foregoing, the following standards: (i) the higher of (a) the same manner in which and with
the same care, skill, prudence and diligence with which the Master Servicer services and administers similar loans and administers
foreclosed properties for other third-party portfolios, giving due consideration to customary and usual standards of practice of
prudent institutional commercial mortgage lenders in servicing their own loans and administering their own foreclosed properties,
or (b) with the care, skill, prudence and diligence the Master Servicer uses for loans which it owns or for foreclosed properties
it owns and administers; (ii) with a view to the timely collection of (a) all scheduled payments of principal and interest under
the Mortgage Loan or, if the Mortgage Loan comes into and continues in default and if no satisfactory arrangements can be made
for the collection of the delinquent payments, the maximization of the recovery on the Mortgage Loan to the Noteholders (as a collective
whole as if such Noteholders constitute a single lender, it being understood that Note B is subordinate to the Senior Notes, subject
to the terms of this Agreement) on a net present value basis and (b) any reimbursable expenses and other amounts due under the
Mortgage Loan and (iii) without regard to:

(A)            
any relationship that the Master Servicer or its Affiliates may have with the Mortgage Loan Borrower or any of its Affiliates;

(B)             
the ownership of any other mezzanine loan by the Master Servicer or its Affiliates;

(C)             
its obligation to make Advances;

(D)            
the right of the Master Servicer or its Affiliates to receive reimbursement of costs, compensation or other fees (other
than

    		25 

     

    

Advances), or the sufficiency
of any compensation payable to it under this Agreement or with respect to any particular transaction; or

(E)             
the ownership, servicing or management for others of any other loans or property by the Master Servicer; and

(II) from and after
the Securitization Date, the meaning assigned to such term in the Securitization Servicing Agreement.

“Servicing
Transfer Event” shall have the meaning (i) prior to the Securitization Date, assigned to such term or an analogous term
in the Model PSA and (ii) from and after the Securitization Date, assigned to such term or an analogous term in the Securitization
Servicing Agreement, except that, as provided in Section 11(a)(iii), a Servicing Transfer Event shall be deemed not to have occurred
for so long as the Note B Holder is exercising its cure rights hereunder.

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

“Specially
Serviced Mortgage Loan” shall have the meaning assigned to such term or an analogous term in the 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(i).

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

“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 repo financing or a Pledge in accordance with Section 19(g)).

“Trustee”
shall mean, with respect to any Securitization, the bank or trust company as may be selected by the applicable depositor and approved
by the Rating Agencies to act as trustee for such Securitization, and shall include any fiscal agent and/or paying agent appointed
for such Securitization.

“Unliquidated
Advances” shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

“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,

    		26 

     

    

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).

“Workout”
shall mean any written modification, waiver, amendment or restructuring relating to a workout of the Mortgage Loan or the Note
in connection with a Mortgage Loan default or a likely default.

Section 2.               
Servicing.

(a)               
Each Noteholder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced
prior to the Securitization Date pursuant to the Interim Servicing Agreement and from and after the Securitization Date (except
as otherwise set forth in Section 2(e)), pursuant to the Securitization Servicing Agreement and, in each case, in accordance with
this 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 Senior Note (and each Non-Lead Master Servicer shall not be required to advance monthly
payments of principal and interest in respect of the Notes other than the applicable Non-Lead Senior 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. The Note B Holder acknowledges that a Senior Noteholder may elect, in
its sole discretion, to include its Senior Note in a Securitization and agrees that it will reasonably cooperate with such Senior
Noteholder, at such Senior Noteholder’s sole cost and 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 Special Servicer and the Trustee under the Securitization Servicing Agreement
and agrees to reasonably cooperate with and consent with the Master Servicer and the Special Servicer with respect to the servicing
of the Mortgage Loan in accordance with the Securitization Servicing Agreement and this 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 Securitization Servicing Agreement (subject at all times to the rights of the Noteholder set forth herein and in the Servicing
Agreement). In no event shall the Servicer be required to enforce the rights of any Noteholder or limit the 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.

(b)              
The Controlling Noteholder (or any Controlling Noteholder Representative appointed by it acting on its behalf) shall exercise
the rights and powers granted to the “Controlling Holder”, “Directing Certificateholder” or “Directing
Holder” (or similar term) under the Servicing Agreement with respect to the Mortgage Loan.

    		27 

     

    

(c)               
The Securitization Servicing Agreement shall contain the Servicing Standard. In no event may the Securitization Servicing
Agreement change the interest or principal allocable to, or the amount of any payments due to, the Note B Holder or materially
increase the Note B Holder’s obligations or materially decrease the Note B Holder’s rights, remedies or protections
hereunder.

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

(i)           
any payments received on the Mortgage Loan shall be paid by the Master Servicer to each of the Noteholders in accordance
with Sections 3 and 4 hereof on the Master Servicer Remittance Date;

(ii)           
the Note B Holder shall be entitled to receive, and the Master Servicer and the Special Servicer shall provide, any information
relating to the Mortgage Loan, the Mortgage Loan Borrower or the Mortgaged Property as the Note B Holder may reasonably request
and would be customarily in the possession of, or collected or known by, the Master Servicer or 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 Securitization Trust that includes other Notes, including, but not limited to standard CREFC® reports, subject
to limitations on information that may be made available to a Note B Holder that is a Mortgage Loan Borrower or a Mortgage Loan
Borrower Related Party;

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

(iv)           
the Securitization Servicing Agreement may not be amended without the consent of the Note B Holder (which consent may be
withheld in the Note B Holder’s sole and absolute discretion) if such amendment would materially and adversely affect the
Mortgage Loan or the Note B Holder’s rights with respect thereto;

(v)           
the Securitization Servicing Agreement shall contain, the additional provisions set forth on Schedule I;

(vi)           
any inconsistency between the Servicing Agreement and this Agreement shall be governed by and determined in accordance with
the terms of this Agreement; and

(vii)           
the respective rights and obligations of the Noteholders hereunder, including with respect to the making of payment to the
Noteholders and the rights of the Noteholders to approve matters and make decisions hereunder, shall be recognized.

(e)               
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.

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(f)               
At any time after the Securitization Date that the Lead Senior Note is no longer subject to the provisions of the Securitization
Servicing Agreement, the Lead Senior Noteholder shall cause the Mortgage Loan to be serviced pursuant to a servicing agreement
mutually agreeable to the Non-Lead Senior Noteholders and the Note B Holder that contains servicing provisions which are the same
as or more favorable to Note B Holder, in substance, to those in the Securitization Servicing Agreement and all references herein
to the “Securitization Servicing Agreement” shall mean such subsequent servicing agreement; provided, however,
that (1) if any Non-Lead Senior Note is in a Securitization, then Rating Agency Confirmation shall have been obtained from each
Rating Agency with respect to such subsequent servicing agreement and (2) until a replacement servicing agreement has been
entered into, (x) the Lead Senior Noteholder shall cause the Mortgage Loan to be serviced in accordance with the servicing provisions
set forth in the Securitization Servicing Agreement as if such agreement was still in full force and effect with respect to the
Mortgage Loan and (y) the actual servicing of the Mortgage Loan may be performed by any nationally recognized commercial mortgage
loan servicer appointed by the Lead Senior Noteholder with the consent of the Note B Holder and does not have to be performed by
the service providers set forth under the Securitization Servicing Agreement.

(g)              
Upon the occurrence of the Note A-1 Securitization, the Lead Senior Noteholder shall give each other Noteholder (and the
applicable servicer and trustee, if any other Note is in a Securitization) notice of the Lead Securitization in writing (which
may be by e-mail) prior to or promptly following the related Securitization Date. Such notice shall contain contact information
for each of the parties to the related Securitization Servicing Agreement and the identity of the controlling class representative
under such Securitization Servicing Agreement. In addition, after the closing of the Note A-1 Securitization, the related Lead
Senior Noteholder shall send a copy of the related Securitization Servicing Agreement to each of the other Noteholders.

(h)              
Each Non-Lead Securitization Agreement shall contain the provisions set forth in Schedule II.

Section 3.               
Payments Prior to a Sequential Pay Event. Note B and the right of the Note B Holder to receive payments of interest,
principal and other amounts with respect to the Note B shall at all times be junior, subject and subordinate to the Senior Notes
and the right of the Senior Noteholders to receive payments of interest, principal and other amounts with respect to the Senior
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 Payments,
the Balloon Payment, Liquidation Proceeds, proceeds under any guaranty, letter of credit or other collateral or instrument securing
the Mortgage Loan or Insurance Proceeds or Condemnation Proceeds (other than proceeds, awards or settlements 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

    		29 

     

    

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, Operating Advisor, Certificate Administrator or Trustee
with respect to the Mortgage Loan pursuant to the Servicing Agreement, shall be applied by the Lead Senior Noteholder] (or its
designee) and distributed by the Lead Senior Noteholder (or the Servicer on its behalf) for payment 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 the Senior Noteholders in an amount equal to the accrued and unpaid interest on the Senior Note Principal Balance
at the Net Senior Note Rate;

(b)              
second, to the Senior Noteholders in an amount equal to the Senior Note Percentage Interest of principal payments (including
all prepayment proceeds relating to casualty or condemnation) received, if any, with respect to such Monthly Payment Date with
respect to the Mortgage Loan;

(c)               
third, to each Senior Noteholder up to the amount of any unreimbursed costs and expenses paid by such Senior Noteholder
with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including any Recovered Costs, to be allocated
pro rata based on the amounts due to each Senior Noteholder pursuant to this clause;

(d)              
fourth, 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)-(c) and, as a result of a Workout, the Senior Note Principal
Balance has been reduced, such excess amount shall be paid to the Senior Noteholders in an amount up to the reduction, if any,
of the Senior Note Principal Balance as a result of such Workout, plus interest on such amount at the Net Senior Note Rate;

(e)               
fifth, to the extent the Note B Holder has made any payments or advances to cure defaults pursuant to Section 11 of this
Agreement, to reimburse the Note B Holder for all such cure payments;

(f)               
sixth, to the Note B Holder in an amount equal to the accrued and unpaid interest on the Note B Principal Balance at the
Net Note B Rate;

(g)              
seventh, to the Note B Holder in an amount equal to the Note B Percentage Interest of principal payments (including all
prepayment proceeds relating to casualty or condemnation) received, if any, with respect to such Monthly Payment Date with respect
to the Mortgage Loan;

(h)              
eighth, to the Note B Holder up to the amount of any unreimbursed costs and expenses paid by the Note B Holder with respect
to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including any Recovered Costs;

(i)                
ninth, 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)-(h) and, as a result of a Workout, the Note B Principal Balance
has

    		30 

     

    

been reduced, such excess amount shall
be paid to the Note B Holder in an amount up to the reduction, if any, of the Note B Principal Balance as a result of such Workout,
plus interest on such amount at the Net Note B Rate

(j)                
tenth, any Prepayment Premium, to the extent paid by the Mortgage Loan Borrower, shall be paid to each of the Senior Noteholders
in an amount up to its pro rata interest, which shall be calculated as the product of the Senior Note Percentage Interest
multiplied by the Senior Note Relative Spread;

(k)              
eleventh, any Prepayment Premium, to the extent paid by the Mortgage Loan Borrower, shall be paid to the Note B Holder in
an amount up to its pro rata interest therein, which shall be calculated as the product of the Note B Percentage Interest
multiplied by the Note B Relative Spread;

(l)                
twelfth, to the extent default interest, late fees, 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 compensate a Servicer
under the Servicing Agreement, any such default interest, late fees, assumption or transfer fees, to the extent actually paid by
the Mortgage Loan Borrower, shall be paid to the Senior Noteholders and the Note B Holder, pro rata, based on their respective
Percentage Interests; and

(m)            
thirteenth, 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)-(l), any remaining amount shall be paid pro rata to the Senior Noteholders
and the Note B Holder in accordance with their respective initial Percentage Interests.

As used in clauses
(a) through (m) above, payments to the Senior Noteholders shall be made to each of the Note A-1 Holder, Note A-2 Holder, Note A-3
Holder, the Note A-4 Holder, the Note A-5 Holder and the Note A-6 Holder, pro rata  and pari passu, based on their
respective Principal Balance.

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; except, if a Sequential Pay Event, as determined by the applicable Servicer in accordance
with this Agreement and 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, 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 Proceeds or Condemnation Proceeds (other than proceeds, awards or settlements
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 continue 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

    		31 

     

    

are then due, payable or reimbursable
to any Servicer, Operating Advisor, Certificate Administrator or Trustee with respect to the Mortgage Loan pursuant to the Servicing
Agreement with respect to the Mortgage Loan, shall be distributed by the 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 the Senior Noteholders in an amount equal to the accrued and unpaid interest on the Senior Note Principal Balance
at the Net Senior Note Rate;

(b)              
second, to the Senior Noteholders in an amount equal to the Senior Note Principal Balance until the Senior Note Principal
Balance has been reduced to zero;

(c)               
third, to each Senior Noteholder up to the amount of any unreimbursed costs and expenses paid by such Senior Noteholder
with respect to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including any Recovered Costs, to be allocated
pro rata based on the amounts due to each Senior Noteholder pursuant to this clause;

(d)              
fourth, 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)-(c) and, as a result of a Workout, the Senior Note Principal
Balance has been reduced, such excess amount shall be paid to the Senior Noteholders in an amount up to the reduction, if any,
of the Senior Note Principal Balance as a result of such Workout, plus interest on such amount at the Net Senior Note Rate;

(e)               
fifth, to the extent the Note B Holder has made any payments or advances to cure defaults pursuant to Section 11 of this
Agreement, to reimburse the Note B Holder for all such cure payments;

(f)               
sixth, to the Note B Holder in an amount equal to the accrued and unpaid interest on the Note B Principal Balance at the
Net Note B Rate;

(g)              
seventh, to the Note B Holder in an amount equal to the Note B Percentage Interest of principal payments received, if any,
with respect to such Monthly Payment Date with respect to the Mortgage Loan, until the Note B Principal Balance has been reduced
to zero;

(h)              
eighth, to the Note B Holder up to the amount of any unreimbursed costs and expenses paid by the Note B Holder with respect
to the Mortgage Loan pursuant to this Agreement or the Servicing Agreement, including any Recovered Costs;

(i)                
ninth, 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)-(h) and, as a result of a Workout, the Note B Principal Balance
has been reduced, such excess amount shall be paid to the Note B Holder in an amount up to the reduction, if any, of the Note B
Principal Balance as a result of such Workout, plus interest on such amount at the Net Note B Rate;

    		32 

     

    

(j)                
tenth, any Prepayment Premium, to the extent paid by the Mortgage Loan Borrower, shall be paid to the Senior Noteholders
in an amount up to its pro rata interest therein, which shall be calculated as the product of the Senior Note Percentage
Interest multiplied by the Senior Note Relative Spread;

(k)              
eleventh, any Prepayment Premium, to the extent paid by the Mortgage Loan Borrower, shall be paid to the Note B Holder in
an amount up to its pro rata interest therein, which shall be calculated as of the Note B Percentage Interest multiplied
by the Note B Relative Spread;

(l)                
twelfth, to the extent default interest, late fees, 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 compensate a Servicer
under the Servicing Agreement, any such default interest, late fees, assumption or transfer fees, to the extent actually paid by
the Mortgage Loan Borrower, shall be paid to the Senior Noteholders and the Note B Holder, pro rata, based on their respective
Percentage Interests; and

(m)            
thirteenth, 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)-(l), any remaining amount shall be paid pro rata to the Senior Noteholders
and the Note B Holder in accordance with their respective initial Percentage Interests.

As used in clauses
(a) through (m) above, payments to the Senior Noteholders shall be made to each of the Note A-1 Holder, Note A-2 Holder, Note A-3
Holder, Note A-4 Holder, Note A-5 Holder and Note A-6 Holder pro rata and pari passu, based on their respective Principal
Balance.

Section 5.               
Administration of the Mortgage Loan.

(a)               
Subject to this Agreement (including, without limitation, Section 5(f) below) and the Servicing Agreement, the Lead Senior
Noteholder (or the Servicer acting on behalf of the Lead Senior 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 the other Noteholders shall not have any voting, consent
or other rights whatsoever with respect to the Lead Senior 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), each of the Lead Senior Noteholder and the Note B Holder agrees that it shall have no right to, and hereby
presently and irrevocably assigns and conveys to the Lead Senior Noteholder (or the Servicer acting on behalf of the Lead Senior
Noteholder) the rights, if any, that the other Noteholders have to, (i) call or cause the Lead Senior 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 Senior Noteholder to file any bankruptcy petition against

    		33 

     

    

the Mortgage Loan Borrower. The Lead
Senior Noteholder (or the Servicer acting on behalf of the Lead Senior Noteholder shall not have any fiduciary duty to the Non-Lead
Senior Noteholders in connection with the administration of the Mortgage Loan (but the foregoing shall not relieve the Lead Senior
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 the Servicing Agreement and this Agreement. 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 this Agreement. Notwithstanding anything to the contrary contained herein, in accordance
with the Servicing Agreement, the Lead Senior 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 the Senior Noteholders
and the Note B Holder (it being understood that the interest of the Note B Holder is a junior Note interest, subject to the terms
and conditions of this Agreement), and so long as each of the Non-Lead Senior Noteholders and the Note B Holder is not the Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party, it 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 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, Section 5(f) below), if the Lead Senior 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 the Mortgage Loan are reduced, (iii) payments of interest
or principal on the 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 (other than
an extension of the Mortgage Loan maturity date), all payments to the Senior Noteholders pursuant to Section 3 and Section 4,
as applicable, shall be made as though such Workout did not occur, with the payment terms of the Senior Notes remaining the same
as they are on the date hereof, Note B shall bear the full economic effect of all waivers, reductions or deferrals of amounts due
on the Mortgage Loan attributable to such Workout (up to the amount otherwise due on Note B). Subject to the Servicing Agreement
and this Agreement (including without limitation Section 5(f) below), in the case of any modification or amendment described above,
the Lead Senior 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 Note B to the Senior Notes with respect to the loss that
is the result of such amendment or modification, including: (i) the ability to increase the Senior Note Percentage Interest
and to reduce the Note B 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 Senior Note Rate and the Note B Rate, as applicable, 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

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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 Senior Noteholder described hereunder may be exercised by the Servicer on behalf
of the Lead Senior Noteholder in accordance with the Servicing Agreement and this Agreement.

(e)               
For so long as any Senior 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 Senior 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 Lead Senior Noteholder 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) the Lead Senior Noteholder may not 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 Senior 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 a Senior
Note (or any portion thereof). The Noteholders agree that the provisions of this Section 5(e) shall be effected by compliance by
the Lead Senior 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 Senior 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 the applicable Senior Noteholder without reimbursement under Sections 3 or 4 hereof.

(f)               
If any consent, modification, amendment or waiver under or other action in respect of the Mortgage Loan or the Mortgage
Loan Documents (whether or not a Servicing Transfer Event has occurred and is continuing) that would constitute a Major Decision
has been requested or proposed, 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), the Lead Senior Noteholder (or Servicer acting
on its behalf) shall request the written consent of the Controlling Noteholder (or its Controlling Noteholder Representative) before
implementing a decision with respect to such Major Decision.

If the Controlling
Noteholder (or its Controlling Noteholder Representative) fails to respond to the Lead Senior Noteholder (or Servicer acting on
its behalf) with respect to any such proposed action within ten (10) Business Days after receipt of such notice, the Controlling
Noteholder (or its Controlling Noteholder Representative), as applicable, shall have no further consent rights with respect to
such action.

    		35 

     

    

The Controlling
Noteholder (or its Controlling Noteholder Representative) acknowledges that, if the “retaining sponsor” in the Lead
Securitization has sold an “eligible horizontal interest” to a “third party purchaser” in accordance with
Section _.7 of the Credit Risk Retention Rule, then following the occurrence of an “Operating Advisor Consultation Event”
(or similar term) under the Servicing Agreement the Operating Advisor may have the right to consult with the Special Servicer with
respect to Major Decisions.

Notwithstanding the
foregoing, following the occurrence of an extraordinary event with respect to any Mortgaged Property, or if a failure to take any
such action at such time would be inconsistent with the Servicing Standard, the Lead Senior Noteholder (or Servicer acting on its
behalf) may take actions with respect to such Mortgaged Property before obtaining the consent of the Controlling Noteholder (or
its Controlling Noteholder Representative) if the Lead Senior Noteholder (or Servicer acting on its behalf) 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 whole, and the Note A-1 Holder (or Servicer acting on its behalf) has made
a reasonable effort to contact the Controlling Noteholder (or its Controlling Noteholder Representative). The foregoing shall not
relieve the Lead Senior Noteholder (or Servicer acting on its behalf) of its duties to comply with the Servicing Standard.

Notwithstanding the
foregoing, the Lead Senior Noteholder (or 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 Senior
Noteholder (or 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 Senior Noteholder (or Servicer acting on its behalf) to violate provisions of
this Agreement or the Servicing Agreement, require or cause the Lead Senior Noteholder (or Servicer acting on its behalf) to violate
the terms of the Mortgage Loan, or materially expand the scope of the Lead Senior Noteholder (or Servicer acting on its behalf)
responsibilities under this Agreement.

(g)              
The Controlling Noteholder shall be entitled to approve the Asset Status Report in accordance with the time frame provided
in the Servicing Agreement.

(h)              
(i) The Note B Holder, if it is determined at any time of determination to no longer be the Controlling Noteholder (the
“Appraised-Out Holder”) as a result of the application of an Appraisal Reduction Amount, shall have the right,
at its sole expense, within fifteen (15) days of receipt of notice of the Control Appraisal Period, to require the Special Servicer
to order a second Appraisal with respect to the Mortgage Loan. The Special Servicer shall use commercially reasonable efforts consistent
with the Servicing Standard to ensure that such second Appraisal is delivered within thirty (30) days from receipt of the Appraised-Out
Holder’s written request and shall ensure that such Appraisal is prepared on an “as-is” basis by an MAI appraiser
(provided that such MAI appraiser may not be the same MAI appraiser that provided the Appraisal in respect of which the Appraised-Out
Holder is requesting the Special Servicer to obtain an additional Appraisal).

    		36 

     

    

(ii) Upon receipt
of any supplemental Appraisal pursuant to clause (i) above, the Special Servicer shall determine, in accordance with the Servicing
Standard, whether, based on its assessment of such supplemental Appraisal, any recalculation of the Appraisal Reduction Amount
is warranted, and if so warranted, the Special Servicer shall recalculate the Appraisal Reduction Amount based on such supplemental
Appraisal and any information received from the Master Servicer. If required by such recalculation, the Appraised-Out Holder shall
be reinstated as the Controlling Noteholder and, if applicable, shall have the Note B Principal Balance notionally restored to
the extent required by such recalculation of the Appraisal Reduction Amount. The Appraised-Out Holder requesting any supplemental
Appraisal pursuant to clause (i) above shall refrain from exercising any direction, control, consent and/or similar rights of the
Controlling Noteholder until such time, if any, as the Appraised-Out Holder is reinstated as the Controlling Noteholder (such period
beginning upon receipt by the Special Servicer of any request to obtain a supplemental Appraisal pursuant to clause (i) above to
but excluding the date on which either (A) the Special Servicer determines that no recalculation of the Appraisal Reduction Amount
is warranted or (B) the Special Servicer recalculates the Appraisal Reduction Amount based on the supplemental Appraisal, the “Appraisal
Review Period”). The rights of the Controlling Noteholder during each Appraisal Review Period shall be exercised by the
Note A-1 Holder.

(i)                
The Note B Holder shall be entitled to avoid a Control Appraisal Period caused by application of an Appraisal Reduction
Amount upon satisfaction of the following (which must be completed within thirty (30) days of the receipt of a third party Appraisal
that indicates such Control Appraisal Period has occurred): (i) the Note B Holder shall have delivered 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 Lead Senior Noteholder in such collateral (a) cash collateral for the benefit of the Senior Notes, and acceptable
to, the Servicer or (b) an unconditional and irrevocable standby letter of credit with the Lead Senior Noteholder as the beneficiary,
issued by a bank or other financial institutions the long term unsecured debt obligations of which are at all times 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 (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 Note B Holder
(a “Threshold Event Cure”), no Control Appraisal Period caused by application of an Appraisal Reduction Amount
shall be deemed to have occurred. If a letter of credit is furnished as Threshold Event Collateral, the Note B Holder 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 Note B Holder, 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 Note B Holder shall be required to replace such
letter of credit with other Threshold Event Collateral within

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thirty (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 a Control Appraisal Period from occurring; or (ii) final liquidation
of the Mortgage Loan or REO Property. 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 Note B Holder, any or such portion of Threshold Event Collateral held by the Servicer shall
promptly be returned to the Note B Holder (at its sole expense). Upon final liquidation or repayment of the Mortgage Loan or REO
Property with respect to the Mortgage Loan, such Threshold Event Collateral shall be available to reimburse each Noteholder for
any realized loss pursuant to the priorities provided in 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 Note A-1 Principal Balance, Note A-2 Principal Balance, Note
A-3 Principal Balance, Note A-4 Principal Balance, Note A-5 Principal Balance, Note A-6 Principal Balance and the Note B 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 and any Threshold Event Collateral remaining
after such reimbursement and payments shall be returned to the Note B Holder. 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.

(j)                
The 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.

(k)              
If the Mortgaged Property becomes an REO Property, the same shall be acquired, managed and operated in the manner provided
in the Servicing Agreement.

(l)                
Prior to a Control Appraisal Period, the Lead Noteholder shall not be permitted to transfer all or any portion of Note B
without the prior consent of the Note B Holder. If a Control Appraisal Period has occurred and is continuing, and if the Mortgage
Loan is a Defaulted Mortgage Loan, the Lead Noteholder (or the Special Servicer acting on its behalf) shall have the right to sell
Note B together with the Senior Notes, without the Note B Holder’s consent, subject to satisfaction of the following conditions:

(A)            
the Special Servicer has delivered to the Note B Holder: (a) at least fifteen (15) Business Days’ prior written notice
of any decision to attempt to sell the Mortgage Loan; (b) at least ten (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 ten (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 Note B Holder that are material to the sale price of
the Mortgage Loan and (d) until the sale is completed and a reasonable period

    		38 

     

    

of time (but no less time than
is afforded to other offerors and the Controlling Class Representative (as such term is defined in the Servicing Agreement)) 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 any Servicer in connection with the proposed sale;

(B)             
all offers are to be submitted to the Trustee in writing;

(C)             
whether any cash offer constitutes a fair price for the Notes shall be determined by the Trustee; provided, that no offer
from an Interested Person (as defined in the Servicing Agreement) shall constitute a fair price unless (a) it is the highest offer
received and (b) at least two bona fide other offers are received from independent third parties;

(D)            
in determining whether any offer received represents a fair price for the 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;

(E)             
the Trustee may conclusively rely on the opinion of an Independent Appraiser (as defined in the Servicing Agreement) or
other Independent (as defined in the Servicing Agreement) expert in real estate matters retained by the Trustee at the expense
of the Noteholders in connection with making such determination; and

(F)              
the Note B Holder shall be permitted to submit an offer at any sale of the Mortgage Loan unless such Person is the Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party, and if the Note B Holder’s offer is the best offer received, in
accordance with the Servicing Standard, then Trustee shall accept said offer.

The Note B Holder
hereby appoints the Lead Noteholder (or the Servicer acting on its behalf) as its agent, and grants to the Lead Noteholder an irrevocable
power of attorney coupled with an interest, and its proxy, for the purpose of soliciting and accepting offers for and consummating
the sale of Note B in accordance with the terms and conditions of this Section 5(l). The Note B Holder further agrees that, upon
the request of the Lead Noteholder (and provided that (i) a Control Appraisal Period has occurred and is continuing and
(ii) the Mortgage Loan is a Defaulted Mortgage Loan), it shall execute and deliver to or at the direction of the Lead Noteholder
(or the Servicer acting on its behalf) such powers of attorney or other instruments as the Lead Noteholder may reasonably request
to better assure and evidence the foregoing appointment and grant, in each case promptly following request, and shall deliver originals
of the Note B Holder, endorsed in blank, to or at the direction of the Lead Noteholder (or the Servicer acting on its behalf) in
connection with the consummation of any such sale.

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The authority of the
Lead Noteholder to sell Note B without the Note B Holder’s consent and the obligations of the Note B Holder to execute and
deliver instruments or deliver Note B, upon request of the Lead Noteholder, shall terminate and cease to be of any further force
or effect upon the earlier of (i) the date, if any, upon which the Securitization is terminated in accordance with its terms, and
(ii) the date, if any, upon which the subject Control Appraisal Period expires.

In addition, if, upon
the Mortgage Loan becoming a Defaulted Loan, the Lead Senior Noteholder (or the Special Servicer acting on its behalf) determines
to sell the Defaulted Loan or the Lead Senior Note, it will be required to sell each Non-Lead Senior Note together with the Lead
Senior Note. Any such sale of a Non-Lead Senior Note shall require the written consent of each Non-Controlling Senior Noteholder
(provided that such consent is not required if such Non-Controlling Senior Noteholder is the Mortgage Loan Borrower or a Mortgage
Loan Borrower Related Party) unless the Special Servicer has delivered to each Non-Controlling Senior Noteholder: (a) at least
fifteen (15) Business Days’ prior written notice of any decision to attempt to sell the Mortgage Loan; (b) at least ten (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 ten (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 each
Non-Controlling Senior Noteholder that are material to the sale price of the Mortgage Loan and (d) until the sale is completed
and a reasonable period of time (but no less time than is afforded to other offerors and the Controlling Class Representative (as
such term is defined in the Servicing Agreement)) 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 any Servicer in connection with the proposed sale. A Non-Controlling
Senior Noteholder may waive any of the delivery or timing requirements set forth in this paragraph as to itself. Subject to the
foregoing, each of the Non-Controlling Senior Noteholders shall be permitted to submit an offer at any sale of the Mortgage Loan
unless such Person is the Mortgage Loan Borrower or an agent or Affiliate of the Mortgage Loan Borrower.

(m)            
The Servicing Agreement shall provide that during the continuation of a Control Appraisal Period, the Lead Senior Noteholder
(or the Servicer acting on its behalf) shall be required: (i) to provide copies of any notice, information and report that it is
required to provide to the controlling class representative pursuant to the Servicing Agreement with respect to any Major Decisions
or the implementation of any recommended actions outlined in an Asset Status Report relating to the Mortgage Loan, to each Non-Controlling
Senior Noteholder (or its controlling class representative), within the same time frame it is required to provide to the controlling
class representative (for this purpose, without regard to whether such items are actually required to be provided to the controlling
class representative in the Lead Securitization under the Servicing Agreement due to the occurrence of a Control Termination Event
(as defined in the Servicing Agreement) or a Consultation Termination Event (as defined in the Servicing Agreement)); and (ii)
to consult with each Non-Controlling Senior Noteholder (or its controlling class representative) on a strictly non-binding basis,
to the extent having received such notices, information and reports, such Non-Controlling Senior Noteholder (or its controlling
class representative) requests consultation with respect to any such Major Decisions or the implementation of any recommended actions
outlined in an Asset Status Report relating to the

    		40 

     

    

Mortgage Loan, and consider alternative
actions recommended by such Non-Controlling Senior Noteholder (or its controlling class representative); provided that after the
expiration of a period of ten (10) Business Days from the delivery to the Non-Controlling Senior Noteholder (or its controlling
class representative) by the Lead Senior Noteholder of written notice of a proposed action, together with copies of the notice,
information and report required to be provided to the controlling class representative, the Lead Senior Noteholder (or the Servicer
acting on its behalf) shall no longer be obligated to consult with the Non-Controlling Senior Noteholder (or its controlling class
representative), whether or not the Non-Controlling Senior Noteholder (or its controlling class representative) have responded
within such ten (10) Business Day period (unless, the Lead Senior Noteholder (or the Servicer acting on its behalf) 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). Notwithstanding
the consultation rights of the Non-Controlling Senior Noteholder (or its controlling class representative) set forth in the immediately
preceding sentence, the Lead Senior Noteholder (or Servicer acting on its behalf) may make any Major Decision or take any action
set forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period if the Lead Senior
Noteholder (or Servicer acting on its behalf) determines that immediate action with respect thereto is necessary to protect the
interests of the Noteholders. In no event shall the Lead Senior Noteholder (or Servicer acting on its behalf) be obligated at any
time to follow or take any alternative actions recommended by a Non-Controlling Senior Noteholder (or its controlling class representative).
In addition to the consultation rights of the Non-Controlling Senior Noteholder (or its controlling class representatives), during
the continuation of a Control Appraisal Period the Non-Controlling Senior Noteholder shall have the right to attend annual meetings
(either telephonically or in person, in the discretion of the Servicer) with the Lead Senior Noteholder (or the Servicer acting
on its behalf) at the offices of the Servicer, as applicable, upon reasonable notice and at times reasonably acceptable to the
Servicer, as applicable, in which servicing issues related to the Mortgage Loan are discussed.

Section 6.               
Appointment of the Controlling Noteholder Representative.

(a)               
The Controlling Noteholder shall have the right at any time to appoint a representative (the “Controlling Noteholder
Representative”) to exercise its rights hereunder. 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 the Mortgage
Loan Borrower, its principal or any Affiliate of the 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 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 the Lead Senior Noteholder
will accept such actions of the Controlling Noteholder Representative as actions of the Controlling Noteholder. The Lead Senior
Noteholder (or any Servicer on its behalf) shall not be

    		41 

     

    

required to recognize any Person as
an Controlling Noteholder Representative until the Controlling Noteholder has notified the Lead Senior 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 Senior Noteholder (and any Servicer) with written confirmation of its acceptance
of such appointment, an address (including e-mail) and telecopy number 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 (including e-mail) and telecopy numbers). The Lead Senior Noteholder shall promptly deliver such information to
any Servicer.

(b)              
Neither the Controlling Noteholder Representative nor the Controlling Noteholder will have any liability to the Lead Senior
Noteholder, any Non-Lead Senior 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 errors in judgment, absent any loss, liability or expense incurred by
reason of its willful misfeasance, bad faith or gross negligence. The Senior Noteholders and the Note B Holder agree that the Controlling
Noteholder Representative and any Controlling Noteholder (whether acting in place of the Controlling Noteholder Representative
when no Controlling Noteholder Representative shall have been appointed hereunder or otherwise exercising any right, power or privilege
granted to such Controlling Noteholder hereunder) may take or refrain from taking actions that favor the interests of one Noteholder
over other Noteholders, 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 Senior Noteholder or the Note B Holder, as applicable.

(c)               
If the Lead Senior Noteholder is the Controlling Noteholder, the Note B Holder 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
this Section 6 shall be exercisable by the Lead Senior Noteholder (or the applicable Person specified in the Servicing Agreement)
to the extent set forth in the Servicing Agreement.

Section 7.               
Special Servicer. Subject to the terms of the Servicing Agreement, 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 to appoint a replacement Special
Servicer under the Servicing Agreement, with or without cause, upon at least ten (10) Business Days’ prior notice to the
Special Servicer (provided, however, that the Controlling Noteholder (or its Controlling Noteholder Representative) shall not be
liable for any termination or similar fee in connection with the removal of the Special Servicer in accordance

    		42 

     

    

with this Section 7); any such termination
not to be effective unless and until (A)(i) the Senior Noteholders have consented to such appointment or (ii) after a Securitization,
each Rating Agency delivers Rating Agency Confirmation with respect to the identity of any such replacement Special Servicer; (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 such Mortgage Loan pursuant to an assumption agreement reasonably
satisfactory to the Trustee; and (C) the Senior Noteholders have or, after a Securitization, the Trustee has received an opinion
of counsel reasonably satisfactory to the Trustee to the effect that (x) such replacement will be bound by the terms of the Servicing
Agreement with respect to such Mortgage Loan and (y) subject to customary qualifications and exceptions, the applicable servicing
agreement will be enforceable against such replacement in accordance with its terms. The Controlling Noteholder shall promptly
provide copies to any terminated Special Servicer of the documents referred to in the preceding sentence.

Notwithstanding the
foregoing, after the Securitization Date, if the “retaining sponsor” in the Lead Securitization has sold an “eligible
horizontal interest” to a “third party purchaser” in accordance with Section _.7 of the Credit Risk Retention
Rule, each Noteholder agrees that the Special Servicer may be replaced upon (a) the recommendation of the Operating Advisor appointed
under the Servicing Agreement if 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 the certificates, and (b) the subsequent affirmative vote of “ABS interests” (as defined
in Section _.2 of the Credit Risk Retention Rule). However, the Controlling Noteholder shall retain its right to subsequently remove
and replace the Special Servicer, but the Note A-1 Holder shall not restore a Special Servicer that has been replaced pursuant
to the preceding sentence.

Prior to the Securitization,
if the Mortgage Loan becomes a Specially Serviced Mortgage Loan, and if not later than thirty (30) days after the Mortgage Loan
becomes a Specially Serviced Mortgage Loan the Controlling Noteholder (or its Controlling Noteholder Representative) elects to
replace the Special Servicer, then each Noteholder agrees that no liquidation fees or workout fees shall be payable to the Special
Servicer being replaced, unless such Special Servicer shall have either successfully completed a workout or a liquidation, in which
case such fees shall be payable as provided herein.

Section 8.               
Payment Procedure.

(a)               
The Lead Senior 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, shall deposit or cause to be deposited all payments allocable
to the Notes to the Collection Account for the Notes established pursuant to the Servicing Agreement. The Lead Senior Noteholder
(or the Servicer on its behalf) shall establish a segregated sub-account for amounts due to the Senior Noteholders and the Note
B Holder. The Lead Senior Noteholder (or the Servicer acting on its behalf) shall deposit such amounts to the applicable account
within two (2) Business Days of receipt of properly identified payments and collections by the Lead

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Senior Noteholder (or the Servicer acting
on its behalf) from or on behalf of the Mortgage Loan Borrower.

(b)              
If the Lead Senior 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 the related Noteholder or any Servicer or paid
to any other Person, then, notwithstanding any other provision of this Agreement, the Lead Senior 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 Senior Noteholder (or the Servicer on its behalf) repay to the Lead Senior Noteholder (or the Servicer on its behalf)
any portion thereof that the Lead Senior 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 Senior Noteholder shall have been required to pay to
any Mortgage Loan Borrower, the Non-Lead Senior Noteholders, Master Servicer, Special Servicer or such other Person with respect
thereto.

(c)               
If, for any reason, the Lead Senior Noteholder (or the Servicer on its behalf) makes any payment to a Non-Lead Senior Noteholder
or the Note B Holder before the Lead Senior Noteholder (or the Servicer on its behalf) has received the corresponding payment (it
being understood that the Lead Senior Noteholder (or the Servicer on its behalf) is under no obligation to do so), and the Lead
Senior Noteholder (or the Servicer on its behalf) does not receive the corresponding payment within three (3) Business Days of
its payment to the Non-Lead Senior Noteholders or the Note B Holder, the Non-Lead Senior Noteholders and the Note B Holder, as
applicable, shall, at the Lead Senior Noteholder (or the Servicer’s on its behalf) request, promptly return that payment
to the Lead Senior 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 Senior Noteholder (or the Servicer
on its behalf) subject to this Agreement and the Servicing Agreement. The Lead Senior Noteholder (or the Servicer on its behalf)
shall have the right to offset any amounts due hereunder from a Noteholder with respect to the Mortgage Loan against any future
payments due to such Noteholder 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 Senior 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. The Senior Noteholders (including any Servicer, except as otherwise provided
in the Servicing Agreement) shall have no liability to the Note B Holder with respect to Note B except with respect to losses actually
suffered due to the gross negligence, willful misconduct or breach of this Agreement on the part of a Senior Noteholder. The Note
B Holder shall have no liability to the Senior Noteholders with respect to any Senior Note except with respect to losses actually
suffered by

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such Senior Noteholder due to the gross
negligence, willful misconduct or breach of this Agreement on the part of the Note B Holder.

The Note B Holder
acknowledges that, subject to the terms and conditions hereof and the obligation of the Senior Noteholders (including any Servicer)
to comply with, and except as otherwise required by, the Servicing Standard, the Senior Noteholders (including any Servicer) may
exercise, or omit to exercise, any rights that the Senior Noteholders may have under this Agreement and the Servicing Agreement
in a manner that may be adverse to the interests of the Note B Holder and that the Senior Noteholders (including any Servicer)
shall have no liability whatsoever to the Note B Holder in connection with the Senior Noteholders’ exercise of rights or
any omission by the Senior Noteholders to exercise such rights other than as described above; provided, however,
that the Servicer must act in accordance with the Servicing Standard, this Agreement and the Servicing Agreement and the Senior
Noteholders shall not be protected against any liability to the Note B Holder that would otherwise be imposed by reason of willful
misfeasance, bad faith or negligence.

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

Section 10.           
Bankruptcy. Subject to the provisions of Section 5(f) hereof, each Non-Lead Senior Noteholder and the Note B Holder
hereby covenant and agree that only the Lead Senior 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, each Non-Lead Senior Noteholder and the Note B Holder further
agree that only the Lead Senior 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. Each Non-Lead Senior Noteholder and the Note B Holder hereby appoint
the Lead Senior Noteholder as their agent, and grants to the Lead Senior Noteholder an irrevocable power of attorney coupled with
an interest, and its proxy, for the purpose of exercising any and all rights and taking any and all actions available to each Non-Lead
Senior Noteholder and the Note B Holder 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

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Loan. Each Non-Lead Senior Noteholder
and the Note B Holder in their capacity as such, hereby agrees that, upon the request of the Lead Senior Noteholder, each Non-Lead
Senior Noteholder and the Note B Holder shall execute, acknowledge and deliver to the Lead Senior Noteholder all and every such
further deeds, conveyances and instruments as the Lead Senior Noteholder may reasonably request for the better assuring and evidencing
of the foregoing appointment and grant. All actions taken by the Servicer in connection with any Insolvency Proceeding are subject
to and must be in accordance with the Servicing Standard and this Agreement.

Section 11.           
Cure Rights of the Note B Holder.

(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 Senior Noteholder shall promptly provide notice to the Note B Holder and the
Controlling Noteholder Representative of such default (the “Monetary Default Notice”). The Note B Holder shall
have the right, but not the obligation, to cure such Monetary Default within ten (10) Business Days after receiving the Monetary
Default Notice (the “Cure Period”). At the time a payment is made to cure a Monetary Default, the Note B Holder
shall pay or reimburse the Senior Noteholders for all unreimbursed Advances (whether or not recoverable), Advance Interest Amounts,
any unpaid fees to any Servicer and any Additional Servicing Expenses. The Note B Holder shall not 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 Senior Noteholders (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 Senior Noteholder from collecting default interest or late charges from the Mortgage Loan Borrower. 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 Note B Holder shall be limited to six (6) cures
of Monetary Defaults in any 12 month period, but in no event more than twelve (12) cures of Monetary Defaults over the term of
the Mortgage Loan, and six (6) cures of Non-Monetary Defaults over the term of the Mortgage Loan, it being understood that a Non-Monetary
Default Cure Period that may extend longer than one month in accordance with Section 11(d) shall be considered to be a single cure.
Additional Cure Periods shall only be permitted with the consent of the Lead Senior Noteholder.

(c)               
No action taken by the Note B Holder in accordance with this Agreement shall excuse performance by the Mortgage Loan Borrower
of its obligations under the Mortgage Loan Documents and Senior Noteholders’ rights under the Mortgage Loan Documents shall
not be waived or prejudiced by virtue of the Note B Holder’s actions under this Agreement. Subject

    		46 

     

    

to the terms of this Agreement, the
Note B Holder shall be subrogated to the Senior Noteholders’ rights to any payment owing to the Senior Noteholder for which
the Note B Holder makes a cure payment as permitted under this Section 11 but such subrogation rights may not be exercised against
the Mortgage Loan Borrower until 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 Senior Noteholder (or the Servicer on its behalf) shall promptly provide notice to the Note B Holder
and the Controlling Noteholder Representative of such failure (the “Non-Monetary Default Notice”) and the Note
B Holder shall have the right, but not the obligation, to cure such Non-Monetary Default within ten (10) days from the later of
(i) the expiration of the cure period of the Mortgage Loan Borrower under the Mortgage Loan Documents and (ii) receipt of the Non-Monetary
Default Notice; 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 Note B Holder, the Note
B Holder shall be given an additional period of time as is reasonably necessary to enable the Note B Holder in the exercise of
due diligence to cure such Non-Monetary Default for so long as (i) the Note B Holder diligently and expeditiously proceeds to cure
such Non-Monetary Default, (ii) the Note B Holder makes all cure payments that it is permitted to make in accordance with the terms
and provisions of Section 11(a) hereof, (iii) such additional period of time does not exceed seventy-five (75) days, (iv) such
Non-Monetary Default is not caused by an Insolvency Proceeding or during such period of time that the Note B Holder has 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 Mortgage
Loan Borrower or the Mortgaged Property or the value of the Mortgage Loan as a result of such Non-Monetary Default or the attempted
cure.

Section 12.           
Purchase of the Senior Notes by the Note B Holder. The Note B Holder shall have the right, by written notice to the
Senior Noteholders (a “Noteholder Purchase Notice”), delivered at any time an Event of Default under the Mortgage
Loan has occurred and is continuing, to purchase, in immediately available funds, all of the Senior Notes in whole but not in part
at the applicable Defaulted Mortgage Loan Purchase Price. Upon the delivery of the Noteholder Purchase Notice to the Senior Noteholders,
the Senior Noteholders shall sell (and the Note B Holder shall purchase) the Senior Notes (including, without limitation, any Notes
therein) at the applicable Defaulted Mortgage Loan Purchase Price, on a date (the “Defaulted Note Purchase Date”)
(i) not more than fifteen (15) Business Days after the written exercise by the Note B Holder to purchase the Senior Notes or (ii)
not more than forty (40) days after the written exercise by the Note B Holder to purchase the Senior Notes if the Note B Holder
deposits 10% of the Defaulted Mortgage Loan Purchase Price with the Senior Noteholder within ten (10) Business Days after the written
exercise of the Note B Holder to purchase the Senior Notes. The Noteholder Purchase Notice shall contain a statement that the Note
B Holder’s failure to purchase the Senior Notes on a Defaulted Note Purchase Date will result in the termination of such
right. The Note B Holder agrees that the sale of the Senior Notes shall comply with all requirements of the Servicing Agreement
and that all costs and expenses related thereto shall be paid by the Note B Holder. The Defaulted Mortgage Loan Purchase Price
shall be calculated by the Lead Senior Noteholder (or the Servicer on its behalf) three (3) Business Days prior to the Defaulted
Note Purchase Date (and such calculation shall be accompanied by a listing of all

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amounts included in the Defaulted Mortgage
Loan Purchase Price, and shall, absent manifest error, be binding upon the Note B Holder. Concurrently with the payment to the
Senior Noteholders in immediately available funds of its respective portion of the applicable Defaulted Mortgage Loan Purchase
Price, the Senior Noteholders shall execute at the sole cost and expense of the Note B Holder in favor of the Note B Holder assignment
documentation that will assign the Senior Notes and the Mortgage Loan Documents without recourse, representations or warranties
(except each of the Senior Noteholders 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 the Mortgage Loan or Note, as applicable, free and clear of all liens and
encumbrances). The right of the Note B Holder to purchase the Senior Notes shall automatically terminate upon a foreclosure sale,
sale by power of sale or acceptance of a deed in lieu of foreclosure with respect to the Mortgaged Property (and the Lead Senior
Noteholder shall give the Note B Holder fifteen (15) days’ notice of its intent with respect to any such action). Notwithstanding
the foregoing sentence, if title to the Mortgaged Property is transferred to the Lead Senior Noteholder (or a designee on its behalf)
less than fifteen (15) days after the acceleration of the Mortgage Loan, the Lead Senior Noteholder shall notify the Note B Holder
of such transfer and the Note B Holder shall have a fifteen (15) day period from the date of such notice from the Lead Senior Noteholder
to deliver the Noteholder Purchase Notice to the Senior Noteholders, in which case the Note B Holder will be obligated to purchase
the Mortgaged Property, in immediately available funds, within such fifteen (15) day period at the applicable Defaulted Mortgage
Loan Purchase Price.

Section 13.           
Representations of the Note B Holder. The Note B Holder represents, and it is specifically understood and agreed,
that it is acquiring Note B for its own account in the ordinary course of its business and the Senior Noteholders shall otherwise
have no liability or responsibility to the Note B Holder except as expressly provided herein or for actions that are taken or omitted
to be taken by any Senior Noteholder that constitute gross negligence or willful misconduct or that constitute a breach of this
Agreement. The Note B Holder 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 its charter or any law or
contractual restriction binding upon the Note B Holder, and that this Agreement is the legal, valid and binding obligation of the
Note B Holder enforceable against the Note B Holder 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. The Note B Holder represents and warrants that it is duly organized, validly existing, in good standing and possesses of all
licenses and authorizations necessary to carry on its business. The Note B Holder represents and warrants that (a) this Agreement
has been duly executed and delivered by the Note B Holder, (b) to the Note B Holder’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 the Note B Holder have been obtained or made, (c) to the Note B Holder’s actual knowledge,
there is no pending action, suit or proceeding, arbitration or governmental investigation against the Note B Holder, an adverse
outcome of which would materially and adversely affect its performance under this Agreement and (d) the acquisition and holding
of

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Note B will not result in a non-exempt
violation of any applicable federal, state or local law that is materially similar to Section 406 of ERISA or Section 4975 of the
Code.

The Note B Holder
acknowledges that the Senior Noteholders do not owe the Note B Holder any fiduciary duty with respect to any action taken under
the Mortgage Loan Documents and, except as provided herein, need not consult with the Note B Holder with respect to any action
taken by any Senior Noteholder in connection with the Mortgage Loan.

The Note B Holder
expressly and irrevocably waives for itself and any Person claiming through or under the Note B Holder 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 Senior Noteholders. Each of the Senior Noteholders represents and warrants that the execution,
delivery and performance of this Agreement is within its respective corporate powers, has been duly authorized by all necessary
corporate action, and does not contravene such Senior Noteholder’s charter or any law or contractual restriction binding
upon such Senior Noteholder, and that this Agreement is the legal, valid and binding obligation of such Senior Noteholder, enforceable
against it in accordance with its terms. Each of the Senior Noteholders 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 business. Each of the Senior
Noteholders represents and warrants that (a) this Agreement has been duly executed and delivered by such Senior Noteholder, (b)
to such Senior 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 Senior Noteholder
have been obtained or made and (c) to each of the Senior Noteholder’s actual knowledge, there is no pending action,
suit or proceeding, arbitration or governmental investigation against such Senior Noteholder, an adverse outcome of which would
materially and adversely affect its performance under this Agreement. Each Senior Noteholder assumes all risk of loss in connection
with its Senior Note except as specifically set forth herein.

Section 15.           
Independent Analysis of the Note B Holder. The Note B Holder acknowledges that it has, independently and without
reliance upon any Senior Noteholder, except with respect to the representations and warranties provided by the Senior Noteholders
herein, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to
purchase Note B and the Note B Holder accepts responsibility therefor. The Note B Holder hereby acknowledges that, other than the
representations and warranties provided herein, the Senior Noteholders have made no representations or warranties with respect
to the Mortgage Loan, subject to such representations and warranties as provided by the Senior Noteholders herein, and that the
Senior Noteholders shall have no 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 Senior Noteholders 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

    		49 

     

    

financial condition of the Mortgage
Loan Borrower. The Note B Holder assumes all risk of loss in connection with Note B 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 among any of the Noteholders as a partnership, association,
joint venture or other entity. The Senior Noteholders shall have no obligation whatsoever to offer to the Note B Holder the opportunity
to purchase a Note interest in any future loans originated by any Senior Noteholder or its Affiliates and if any Senior Noteholder
chooses to offer to the Note B Holder the opportunity to purchase a Note interest in any future mortgage loans originated by such
Senior Noteholder or its Affiliates, such offer shall be at such purchase price and interest rate as such Senior Noteholder chooses,
in its sole and absolute discretion. The Note B Holder shall not have any obligation whatsoever to purchase from any Senior Noteholder
a Note interest in any future loans originated by such Senior Noteholder or its Affiliates.

Section 17.           
Not a Security. Note B shall not 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 any Noteholder or its Affiliates
may make loans or otherwise extend credit to, and generally engage in any kind of business with, any Affiliate of the 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 Senior Notes and Note B.

(a)               
The Note B Holder agrees that it will not Transfer all or any portion of Note B except that the Note B Holder shall have
the right to Transfer its Note, or any portion thereof, without the consent of the Senior Noteholders or any other Person (i) to
a Qualified Transferee, or (ii) to an entity that is not a Qualified Transferee, provided that:

(A) in the
case of both clauses (i) and (ii) such transfer would not cause Note B to be directly held by more than five (5) Persons, and

(B) in the
case of clause (ii) the Note B Holder obtains (1) prior to a Securitization, the consent of the Lead Senior Noteholder, which shall
not be unreasonably withheld, delayed or conditioned and (2) after a Securitization, Rating Agency Confirmation (and for avoidance
of doubt, no consent of the Lead Senior Noteholder shall be required after a Securitization).

If Note B is held
by more than one Note B Holder at any time, the holders of a majority of the Note B Principal Balance shall immediately appoint
a representative to exercise all rights of Note B hereunder.

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Notwithstanding the
foregoing, without the Senior Noteholders’ prior consent, which may be withheld in their sole discretion, the Note B Holder
shall not Transfer all or any portion of Note B 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. The Note B Holder agrees
it will pay the reasonable documented expenses of the Senior Noteholders (including all expenses of the Master Servicer and the
Special Servicer) in connection with any such Transfer by the Note B Holder. The Agent shall provide two (2) Business Days prior
written notice to each Rating Agency of any Transfer of Note B.

(b)              
Notwithstanding the foregoing, the Note B Holder shall have the right, without the need to obtain the consent of the Senior
Noteholders or any other Person, to Transfer 49% or less (in the aggregate) of its interest in Note B to any Person; provided
that any such Transfer shall be made in accordance with the other terms of this Section 19.

(c)               
All Transfers of Note B, other than transfer of a participation interest in Note B, under Sections 19(a) and (b) shall be
made upon written notice to the Senior Noteholder not later than the date of such Transfer, and each transferee shall (i) execute
an assignment and assumption agreement whereby such transferee represents that it is a Qualified Transferee (except in the case
of a transfer of less than 49% of Note B) or that the applicable consent and/or confirmation described in Section 19(a) has been
obtained and assumes all or a ratable portion, as the case may be, of the obligations of the Note B Holder hereunder with respect
to Note B 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(g) by the Note B Holder of Note B solely as security for a loan to the Note B Holder made by
a third-party lender whereby the Note B Holder remains fully liable under this Agreement, on or before the date on which such lender
succeeds to the rights of the Note B Holder 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 the Note B Holder hereunder) and (ii)
agree in writing to be bound by the Servicing Agreement.

(d)              
Upon the consummation of a Transfer of all or any portion of a Note in accordance with this Agreement, the transferring
Person shall be released from all liability arising under this Agreement with respect to such 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 a Note as described in clause (e) below). In connection with any such permitted transfer of a portion of any Note and for all
purposes of this Agreement, the other Noteholders need only recognize the majority holder of the respective Notes for purposes
of notices, consents and other communications between the parties and such majority holder of a Note shall be the only Person authorized
hereunder to exercise any rights of the respective Noteholder under this Agreement; provided, however, the majority
holder of a 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 a holder of such Note hereunder by delivering written notice thereof
to the other Noteholders, 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.

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(e)               
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 its 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 Transferee (and delivers
to the other Noteholders a certification from an authorized officer confirming its status as a Qualified Transferee), 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 Control Appraisal Period with respect to Note B, the aforesaid delegation of rights shall terminate and
be of no further force and effect.

(f)               
Each of the Senior Noteholders shall have the right to Transfer all or any portion of its Senior Note without the prior
consent of any Noteholder except that, no Senior Noteholder may Transfer all or any portion of its Senior Note to the Mortgage
Loan Borrower or a Mortgage Loan Borrower Related Party and any such Transfer to the Mortgage Loan Borrower or a Mortgage Loan
Borrower Related Party shall be absolutely null and void and shall vest no rights in the purported transferee.

(g)              
Notwithstanding anything to the contrary contained herein, any Noteholder may pledge or transfer (a “Pledge”)
its Note to any entity (other than the Mortgage Loan Borrower or any Affiliate thereof) that has either extended a credit or repurchase
facility to, or is involved in the facilitation of a securities issuance program for, such Noteholder and that, in each case, is
either a Qualified Transferee 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”), or to a Person with respect to which a Rating
Agency Confirmation has been obtained, on terms and conditions set forth in this Section 19(g), it being further agreed that
a financing provided by a Note Pledgee to a Noteholder or any Affiliate that Controls such Noteholder that is secured by such Noteholder’s
interest in its respective Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder,
provided that a Note Pledgee that is not a Qualified Transferee may not take title to the pledged Note without (a) prior
to Securitization, the consent of each other Noteholder and (b) after Securitization, Rating Agency Confirmation. Upon written
notice, if any, by the pledging Noteholder to the other Noteholders and the Servicer that a Pledge has been effected (including
the name and address of the applicable Note Pledgee), each of the other Noteholders agrees to acknowledge receipt of such notice
and thereafter agrees: (i) to give such 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 and which shall be given simultaneously
with the giving of such notice to the pledging Noteholder; (ii) to allow such Note Pledgee a period of ten (10) Business
Days to cure a default by the pledging Noteholders in respect of its obligations to the other Noteholders 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 and which consent shall be deemed to be given if

    		52 

     

    

Note Pledgee shall fail to respond to
any request for consent to any such amendment, modification, waiver or termination within 10 Business Days after request thereof;
(iv) that such other Noteholder shall accept any cure by such Note Pledgee of any default of the pledging Noteholder which such
pledging Noteholder has the right to effect hereunder, as if such cure were made by such pledging Noteholder; (v) that such
other Noteholder or any Servicer 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 the other Noteholders and any Servicer by such Note Pledgee
that the pledging Noteholder is in default, beyond any applicable cure periods with respect to the pledging Noteholder’s
obligations to such Note Pledgee pursuant to the applicable credit agreement or other agreement relating to the Pledge 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 (or at any time that the pledging Noteholder
otherwise directs that such payments be made to Note Pledgee pursuant to a separate notice) 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 the other Noteholders
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 other Noteholder in good faith to have been delivered by a Note Pledgee.
Note Pledgee shall be permitted to exercise fully its rights and remedies against the pledging Noteholder (and accept an assignment
in lieu of foreclosure as to such collateral), in accordance with applicable law, the pledge agreement, repurchase agreement or
similar agreement between the pledging Noteholder and the Note Pledgee and this Agreement. In such event, or if the pledging Noteholder
otherwise assigns its interests to the Note Pledgee, the other Noteholder and any Servicer shall recognize such Note Pledgee (and
any transferee other than the Mortgage Loan Borrower or any Affiliate thereof that is also a Qualified Transferee 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
Transferee 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(g) 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.

(h)              
Notwithstanding any provisions herein to the contrary, if a conduit (“Conduit”) which is not a Qualified
Transferee 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 Transferee, 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;

    		53 

     

    

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

(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 Transferee, 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 Transferee at a foreclosure sale conducted by a Note Pledgee.

Section 20.           
Registration of Transfer. In connection with any Transfer of a Note (but excluding any Note Pledgee unless and until
it realizes on its Pledge), except for transfer of a participation interest, a transferee shall execute an assignment and assumption
agreement as described in Section 19(c) 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 agreement in connection with any Transfer of a Note if the obligations
are assumed pursuant to the Servicing Agreement. No transfer of a Note may be made unless it is registered on the Note Register,
and 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 Senior Note, the Certificate Administrator shall automatically become and be the Agent.

Section 21.           
Registration of the Senior Notes and Note B. 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, the principal amount (and stated
interest) of the Notes owing to each Noteholder 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 19(c), 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

    		54 

     

    

Initial Note A-1 Holder, Initial Note
A-2 Holder, Initial Note A-3 Holder, Initial Note A-4 Holder, Initial Note A-5 Holder, Initial Note A-6 Holder and the Initial
Note B Holder 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 Senior Noteholders
and the Note B Holder hereby designate such person as its agent under this Section 21 solely for purposes of maintaining the Note
Register.

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 subtitle A, chapter 1, subchapter J, part
I, subpart E 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 any Mortgage Loan by the Senior
Noteholders to the Note B Holder. Except as otherwise provided in this Agreement and the Servicing Agreement, the Note B Holder
shall not have any interest in any property taken as security for any Mortgage Loan, provided, however, that if any
such property or the proceeds of any sale, lease or other disposition thereof shall be received, then the Note B Holder 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. 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;

    		55 

     

    

(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 the parties hereto (other than as set forth in Section 5(c)) and, after Securitization, any modification that
materially affects the rights of the Senior Noteholders shall be subject to Rating Agency Confirmation, except that no Rating Agency
Confirmation shall be required in connection with a modification to cure any ambiguity or to correct or supplement any provision
herein that may be defective or inconsistent with any other provisions herein or with the Servicing 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. Each of the Master Servicer, Special Servicer, and related
Trustee is an intended third-party beneficiary of this Agreement. 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 assigning Noteholder, hereunder, including, without limitation, the right to make further assignments.

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.          

    		56 

     

    

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 Senior Noteholder or the Mortgage Loan Borrower shall be required by law to deduct and withhold Taxes from interest,
fees or other amounts payable to the Lead Senior Noteholder or the Note B Holder with respect to the Mortgage Loan as a result
of the Lead Senior Noteholder or the Note B Holder constituting a Non-Exempt Person, the Lead Senior Noteholder in its capacity
as servicer, shall be entitled to do so with respect to the Lead Senior Noteholder or the Note B Holder’s interest in such
payment (all withheld amounts being deemed paid to the Lead Senior Noteholder or the Note B Holder), provided that the Lead
Senior Noteholder shall furnish such Non-Lead Senior Noteholder or Note B Holder 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 Non-Lead Senior
Noteholder or Note B Holder to seek any allowable credits or deductions for the Taxes so withheld in each jurisdiction in which
such Non-Lead Senior Noteholder or the Note B Holder is subject to tax.

(b)              
Each Non-Lead Senior Noteholder and the Note B Holder shall and hereby agrees to indemnify the Lead Senior Noteholder
against and hold the Lead Senior Noteholder harmless from and against any Taxes, interest, penalties and reasonable attorneys’
fees and disbursements arising or resulting from any failure of the Lead Senior Noteholder (or the Servicer on its behalf) to withhold
Taxes from payment made to any Non-Lead Senior Noteholder or the Note B Holder in reliance upon any representation, certificate,
statement, document or instrument made or provided by such Non-Lead Senior Noteholder or the Note B Holder to the Lead Senior Noteholder
in connection with the obligation of the Lead Senior Noteholder to withhold Taxes from payments made to such Non-Lead Senior Noteholder
or the Note B Holder, it being expressly understood and agreed that the Lead Senior 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.

(c)               
Contemporaneously with the execution of this Agreement and from time to time as reasonably requested by the Lead Senior
Noteholder or Servicer during the term of this Agreement, each Non-Lead Senior Noteholder or the Note B Holder shall deliver
to the Lead Senior Noteholder or Servicer, as applicable, evidence satisfactory to the Lead Senior Noteholder substantiating whether
such Non-Lead Senior Noteholder or the Note B Holder is a Non-Exempt Person and whether the Lead Senior Noteholder is obligated
under applicable law to withhold

    		57 

     

    

Taxes on sums paid to it with respect
to the Mortgage Loan or otherwise under this Agreement. Without limiting the effect of the foregoing, (i) if a Non-Lead Senior
Noteholder or the Note B Holder 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 Senior Noteholder an Internal
Revenue Service Form W-9 and (ii) if a Non-Lead Senior Noteholder or the Note B Holder 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 Non-Lead Senior Noteholder or the Note B Holder, as applicable, shall satisfy the requirements of the preceding
sentence by furnishing to the Lead Senior Noteholder Internal Revenue Service Form W-8ECI, Form W-8IMY (with appropriate attachments)
or Form W-8BEN or Form W-8BEN-E, as applicable, or successor forms, as may be required from time to time, duly executed by such
Non-Lead Senior Noteholder or the Note B Holder, as applicable. The Lead Senior Noteholder shall not be obligated to make any payment
hereunder to a Non-Lead Senior Noteholder or the Note B Holder in respect of its Note or otherwise until such Noteholder shall
have furnished to the Lead Senior 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 Non-Lead
Senior Notes and Note B) shall be held by the Lead Senior Noteholder (or a custodian acting on behalf of the Lead Senior Noteholder)
on behalf of the registered holders of the Notes. Notwithstanding anything to the contrary in this Agreement, upon a Securitization
of the Lead Senior Note, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Senior Notes and Note B)
shall be held by the custodian for the Lead Securitization.

Section 34.           
Notices. All notices required hereunder shall be given by (i) telephone (confirmed promptly in writing) or shall
be in writing and personally delivered, (ii) sent by facsimile transmission (during business hours) if the sender on the same day
sends a confirming copy of such notice by reputable overnight delivery service (charges prepaid), (iii) reputable overnight delivery
service (charges prepaid) 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 Senior Noteholder (or the
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 Senior Noteholder (or the Servicer on its behalf), shall also be delivered
by the applicable party to the Note B Holder.

Section 35.           
Broker. The Senior Noteholders and the Note B Holder represent to each other that no broker was responsible for bringing
about this transaction.

Section 36.           
Certain Matters Affecting the Agent.

    		58 

     

    

(a)               
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;

(b)              
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;

(c)               
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;

(d)              
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;

(e)               
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

(f)               
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
Senior 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. Natixis, as Initial Agent, may transfer its rights and obligations to
the Servicer, as successor Agent, at any time without the consent of any Noteholder. Natixis, 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. The termination or resignation of
such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent
under this Agreement.

Section 38.           
Servicing of the Loan. Pursuant to the Servicing Agreement, the Master Servicer (whose identity may change from time
to time as provided in the Servicing Agreement) will be appointed as the servicer of the Mortgage Loan and the Special Servicer
(whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the special servicer
of the Mortgage Loan, and the parties agree that the Master Servicer and Special Servicer will service the Mortgage Loan on behalf
of each Noteholder

    		59 

     

    

pursuant to the Servicing Agreement
and subject to the terms hereof. The Senior Noteholders shall not enter into any amendment to any Servicing Agreement that would
materially and adversely affect the rights or interests of the Note B Holder without obtaining the Note B Holder’s prior
written consent which consent may be withheld in the Note B Holder’s sole and absolute discretion.

 Section 39.           
Conflict. To the extent of any inconsistency between the Servicing Agreement, on one hand, and this Agreement (without
regard to any references in this Agreement to the effect that a given defined term shall have the meaning of such defined term
or an analogous term in the Servicing Agreement), on the other, this Agreement shall control.

Section 40.           
Resizing. Notwithstanding any other provision of this Agreement, for so long as Natixis or an Affiliate of Natixis
(collectively, an “Original Entity”) is the owner of any Note (the “Owned Note”), such Original
Entity shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute
amended and restated notes or additional notes (in either case, “New Notes”) reallocating the principal and/or
interest of the Owned Note to such New Notes; or severing the Owned Note into one or more further “component” notes
in the aggregate principal amount equal to the then outstanding principal balance of the Owned Note provided that (i) the aggregate
principal balance of all outstanding New Notes following such amendments is no greater than the aggregate principal of the Owned
Note prior to such amendments, (ii) immediately after giving effect to such amendment, the weighted average interest rate of the
Notes will be equal to the initial weighted average interest rate of the Notes immediately prior to such amendment, (iii) such
reallocated or component notes shall be automatically subject to the terms of this Agreement, and (iv) the Original Entity holding
the New Notes shall notify the Senior Noteholders, the Master Servicer, the Special Servicer, the Certificate Administrator and
the Trustee in writing of such modified allocations and principal amounts. A New Note may be structured as a pari passu or
senior/subordinate note. If the Lead Senior Noteholder so requests, the Original Entity holding the New Notes (and any subsequent
holder of such Notes) shall execute a confirmation of the continuing applicability of this Agreement to the New Notes, as so modified.
Except for the foregoing reallocation and for modifications pursuant to the Servicing Agreement (as discussed in Section 5), no
Note may be modified or amended without the consent of its holder and the consent of the holders of the other Notes. In connection
with the foregoing (provided the conditions set forth in (i) through (iv), as certified by the Original Entity, on which certification
the Master Servicer can rely), the Master Servicer is hereby authorized and directed to execute amendments to the Mortgage Loan
Documents and this Agreement on behalf of any or all of the Noteholders, as applicable, solely for the purpose of reflecting such
reallocation of principal and/or interest. If a New Note is created out of the Lead Senior Note, the Original Entity shall designate
which Note will eligible for “control” during a Control Appraisal Period and the holders of all other New Notes will
be treated as “Non-Controlling Senior Noteholders. If a New Note is created out of the Lead Note, the Lead Senior Noteholder
shall designate which Note will be in the Lead Securitization.

[SIGNATURE PAGE FOLLOWS]

    		60 

     

    

IN WITNESS WHEREOF, each
of the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6 Holder
and the Note B Holder has caused this Agreement to be duly executed as of the day and year first above written.

 

	 	NATIXIS REAL ESTATE CAPITAL
LLC, as Initial Note A-1 Holder and Initial Agent
	 	 	 
	 	By:	/s/ Andrew Taylor
	 	 	Name:   Andrew Taylor
	 	 	Title:    Managing Director

 

	 	By:	/s/ Sophia Ouyang
	 	 	Name:   Sophia Ouyang
	 	 	Title:    Vice President

 

	 	NATIXIS REAL ESTATE CAPITAL
LLC, as Initial Note A-2 Holder
	 	 	 
	 	By:	/s/ Andrew Taylor
	 	 	Name:   Andrew Taylor
	 	 	Title:    Managing Director

 

	 	By:	/s/ Sophia Ouyang
	 	 	Name:   Sophia Ouyang
	 	 	Title:    Vice President

 

	 	NATIXIS REAL ESTATE CAPITAL
LLC, as Initial Note A-3 Holder
	 	 	 
	 	By:	/s/ Andrew Taylor
	 	 	Name:   Andrew Taylor
	 	 	Title:    Managing Director

 

	 	By:	/s/ Sophia Ouyang
	 	 	Name:   Sophia Ouyang
	 	 	Title:    Vice President

 

AMENDED
AND RESTATED VANGUARD PORTFOLIO CO-LENDER AGREEMENT

 

     

     

    

 

	 	NATIXIS REAL ESTATE CAPITAL,
as Initial Note A-4 Holder
	 	 	 
	 	By:	/s/ Andrew Taylor
	 	 	Name:   Andrew Taylor
	 	 	Title:    Managing Director

 

	 	By:	/s/ Sophia Ouyang
	 	 	Name:   Sophia Ouyang
	 	 	Title:    Vice President

 

	 	NATIXIS REAL ESTATE CAPITAL,
as Initial Note A-5 Holder
	 	 	 
	 	By:	/s/ Andrew Taylor
	 	 	Name:   Andrew Taylor
	 	 	Title:    Managing Director

 

	 	By:	/s/ Sophia Ouyang
	 	 	Name:   Sophia Ouyang
	 	 	Title:    Vice President

 

	 	NATIXIS REAL ESTATE CAPITAL,
as Initial Note B Holder
	 	 	 
	 	By:	/s/ Andrew Taylor
	 	 	Name:   Andrew Taylor
	 	 	Title:    Managing Director

 

	 	By:	/s/ Sophia Ouyang
	 	 	Name:   Sophia Ouyang
	 	 	Title:    Vice President

 

AMENDED
AND RESTATED VANGUARD PORTFOLIO CO-LENDER AGREEMENT

 

    		  

     

    

	 	TCM CRE REIT LLC, a Delaware LLC, as Note B Holder
	 		 	 	 
	 	By:   	TCM CRE Credit Fund LP, a Delaware limited partnership, its sole member
	 		 	 	 
	 		By: 	TCM CRE Credit GP LLC, a Delaware LLC, its general partner
	 	 	 	 	 
			 	By:	/s/ Frank Scavone
	 		 	 	Name:   Frank Scavone

Title:     Managing Partner

 

 

AMENDED
AND RESTATED VANGUARD PORTFOLIO CO-LENDER AGREEMENT

 

    		  

     

    

 

  EXHIBIT A

MORTGAGE LOAN SCHEDULE

A.       Description
of Mortgage Loan:

 

	Mortgage Loan:	Vanguard Portfolio
	Mortgage Loan Borrower:	
        425 GVP Property Company LLC

        1001 GVP Property Company LLC

        50 GVP Property Company LLC

	Date of the Mortgage Loan and the Mortgage:	November 7, 2018
	Initial Principal Amount of Mortgage Loan:	$129,825,000
	Location of Mortgaged Property:	
        425 Old Morehall Road

        1001 Cedar Hollow Road

        50 Morehall Road

        60 Morehall Road

	Initial Maturity Date:	November 7, 2028

B.       Description
of Notes:

	Initial Note A-1 Principal Balance:	$30,000,000
	Initial Note A-2 Principal Balance:	$25,000,000
	Initial Note A-3 Principal Balance:	$20,000,000
	Initial Note A-4 Principal Balance:	$20,000,000
	Initial Note A-5 Principal Balance:	$17,017,500

    		A-1 

     

    

 

	Initial Note A-6 Principal Balance:	$4,825,000
	Initial Note B Principal Balance:	$12,982,500
	Initial Note A-1 Percentage Interest:	23.1%
	Initial Note A-2 Percentage Interest:	19.3%
	Initial Note A-3 Percentage Interest:	15.4%
	Initial Note A-4 Percentage Interest:	15.4%
	Initial Note A-5 Percentage Interest:	13.1%
	Initial Note A-6 Percentage Interest:	3.7%
	Initial Note B Percentage Interest:	10.0%
	Senior Note Rate	4.8600%
	Note B Rate:	9.050%
	Note Default Interest Spread	A rate per annum equal to the lesser of (i) the maximum rate permitted by applicable law, or (ii) five percent (5%) above the applicable Note interest rate, compounded monthly.

    		A-2 

     

    

EXHIBIT B

Initial Note A-1 Holder, Initial Note A-2 Holder, Initial
Note A-3 Holder, Initial Note A-4 Holder, Initial Note A-5 Holder and Initial Note A-6 Holder:

NATIXIS REAL ESTATE CAPITAL LLC

Notice Address:

Natixis Real Estate Capital LLC

1251 Avenue of the Americas

New York, New York 10020

Attention: Real Estate Administration

Facsimile: (212) 891-5777

Email: USCIBSAFAssetManagementTeam@natixis.com

with a copy to:

Natixis North America LLC

Office of the General Counsel

1251 Avenue of the Americas

New York, New York 10020

for legal notices, with a copy to:

CMBSlegal.notices@natixis.com

 

Note B Holder

 

TCM CRE REIT LLC

 

Notice Address:

 

TCM CRE REIT LLC

1044 Northern Boulevard, Suite 100

Roslyn, New York 11576

Attention: Mr. Richard Spinelli, Managing Director

 

with a copy to to:

 

Sills Cummis & Gross P.C.

The Legal Center

One Riverfront Plaza

Newark. New Jersey 07102

Attention: Robert Hempstead, Esq.

    		B-1 

     

    

EXHIBIT C

PERMITTED FUND MANAGERS

 

Westbrook Partners

iStar Financial Inc.

Capital Trust

Archon Capital, L.P.

Whitehall Street Real Estate Fund, L.P.

The Blackstone Group

Normandy Real Estate Partners

Dune Real Estate Partners

AllianceBernstein

Rockwood

RREEF Funds

Hudson Advisors

Artemis Real Estate Partners

Apollo Real Estate Advisors

Colony Capital, Inc.

Praedium Group

Fortress Investment Group, LLC

Lonestar Opportunity Funds

Clarion Partners

Walton Street Capital, LLC

Starwood Financial Trust

BlackRock, Inc.

Eightfold Real Estate Capital, L.P.

Rialto Capital Management, LLC

Rialto Capital Advisors, LLC

Raith Capital Partners, LLC

 

    		C-1 

     

    

SCHEDULE I

The Note A-1 PSA shall
provide that:

(i)               
the Master Servicer and Trustee for such Securitization shall be required to notify the servicer, special servicer and trustee
of each other Securitization of the amount of any P&I Advance it has made with respect to the Note included in such Securitization
within two Business Days of making such advance;

(ii)               
if the Master Servicer or Trustee determines that a proposed P&I Advance, if made, or any outstanding P&I Advance
previously made, would be, or is, as applicable, a nonrecoverable advance, the Master Servicer shall provide the other servicers
written notice of such determination within 2 Business Days after such determination was made;

(iii)               
the Master Servicer shall remit all payments received (or advanced) with respect to the Non-Lead Senior Notes, net of its
Servicing Fee and any other applicable fees and reimbursements payable to the Master Servicer, the Special Servicer and the Trustee,
to the Non-Lead Senior Noteholders on the applicable Master Servicer Remittance Date;

(iv)               
the Master Servicer agrees to make available to the master servicers under the Non-Lead Securitization Servicing Agreements
the CREFC® Investor Reporting Package® (as defined in the Servicing Agreement) pursuant to the terms of the Servicing Agreement
on a monthly basis on the applicable Master Servicer Remittance Date;

(v)               
the Master Servicer, any primary servicer, the Special Servicer and the Lead Trustee, 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
and servicing function participant (within the meaning of Items 1123 and 1122, respectively, of Regulation AB) retained or engaged
by it to deliver), to the parties to the Non-Lead Securitization Servicing Agreements, at its own expense, in a timely manner,
the reports, certifications, compliance statements, accountants’ assessments and attestations, information to be included
in reports (including, without limitation, Form 15G, Form 10K, Form 10D, Form 8K), and other materials specified in each of
the other Servicing Agreements as the parties to the Non-Lead Securitizations may require in order to comply with their obligations
under the Securities Act of 1933, as amended, Securities Exchange Act of 1934 (including Rule 15Ga-1), as amended, and Regulation
AB, and any other applicable law. Without limiting the generality of the foregoing, the Lead Senior Noteholder for a Lead Securitization
shall provide in a timely manner to the depositor and the trustee for any prior Securitization a copy of the Servicing Agreement
and each Lead Servicer (at the expense of the Lead Senior Noteholder) will be required, upon prior written request, to provide

    		Schedule I-1 

     

    

to the depositor and the trustee
for any prior Securitization any other information required to comply in a timely manner with applicable filing requirements under
Items 1.01 and 6.02 of Form 8-K, any other disclosure information required pursuant to Regulation AB in a timely manner for inclusion
in any disclosure document (and, with respect to the Servicing Agreement, for filing under Form 8-K), and with respect to the Lead
Servicers, upon prior written request, market indemnification agreements, opinions and Regulation AB compliance letters as were
or are being delivered with respect to the Lead Securitization. As used in this Agreement, “Regulation AB” means Subpart
229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R. §§ 229.1100-229.1125, as such may be amended
from time to time, and subject to such clarification and interpretation as have been provided by the United States Securities and
Exchange Commission (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. The Master
Servicer, any primary servicer and the Special Servicer, upon prior written request, shall each be required to provide certification
and indemnification to each Certifying Person with respect to the Sarbanes-Oxley Certification (or analogous terms) as such terms
are defined in the applicable Non-Lead Securitization Servicing Agreement;

(vi)               
the servicing duties of each of the Master Servicer and Special Servicer under the Servicing Agreement shall include the
duty to service the Junior Note on behalf of the Junior Noteholder and to service the Non-Lead Senior Note on behalf of the related
Trustees and related Certificate holders in accordance with the terms and provisions of this Agreement;

(vii)               
provide that, with respect to the Non-Lead Senior Note , the Master Servicer shall withdraw from the related Collection
Account and remit to the Holder of each Non-Lead Senior Note, within one (1) Business Day of receipt of properly identified funds,
any amounts that represent late collections or principal prepayments on such Non-Lead Senior Note or any successor REO Property
with respect thereto (exclusive of any portion of such amount payable or reimbursable to any third party in accordance with this
Agreement), unless such amount would otherwise be included in the monthly remittance to the Holder of such Non-Lead Senior Note
for such month; provided, however, that to the extent any such amounts are received after 3:00 p.m. Eastern time
on any given Business Day, the Master Servicer shall use commercially reasonable efforts to remit such late collections or principal
prepayments to each Non-Lead Master Servicer within one Business Day of receipt of properly identified funds but, in any event,
the Master Servicer shall remit such amounts within two Business Days of receipt of properly identified funds;

(viii)               
each of the Non-Lead Senior Noteholders and Junior Noteholder is an intended third-party beneficiary in respect of the rights
afforded it under the Servicing Agreement and each master servicer under a Non-Lead Securitization Servicing Agreement will be
entitled to enforce the rights of the related Trustee

    		Schedule I-2 

     

    

with respect to such Non-Lead Senior
Note under this Agreement and the Servicing Agreement; and

(ix)               
the master servicer and special servicer under any Non-Lead Securitization Servicing Agreement shall be a third-party beneficiary
of the Servicing Agreement with respect to all provisions therein expressly relating to compensation, reimbursement or indemnification
of such master servicer or special servicer, as the case may be, and the provisions regarding coordination of Advances;

(x)               
it shall not be amended in a manner that materially and adversely affects the rights of a Non-Lead Senior Noteholder without
its consent;

(xi)               
satisfy Moody’s rating methodology as of the closing date of the Lead Securitization related to permitted investments
and eligible accounts applicable to securities rated “Aaa” by Moody’s;

(xii)               
provide that, in connection with (A) any amendment of the Servicing Agreement, a party to such Servicing Agreement is required
to provide a copy of the executed amendment to the depositor under each Non-Lead Securitization Servicing Agreement and one or
more parties to the related Non-Lead Securitization Servicing Agreement (which may be by e-mail), together with a copy of such
amendment in electronic format, no later than the effective date of such amendment, and (B) the termination, resignation and/or
replacement of the Master Servicer or Special Servicer under the Servicing Agreement, the replacement “master servicer”
or replacement “special servicer”, as applicable, is required to provide to the depositor under the Non-Lead Securitization
Servicing Agreement and one or more parties to the related Non-Lead Securitization Servicing Agreement all disclosure about itself
that is required to be included in Form 8-K no later than the date of effectiveness thereof;

(xiii)               
provide that “servicer termination events” (or any analogous term under the Servicing Agreement) include customary
market termination events with respect to failure to make advances, failure to remit payments to a Non-Lead Senior Noteholder as
required, failure to deliver (or cause to be delivered) materials or information required in order for a Non-Lead Senior Noteholder
or the depositor under the Non-Lead Securitization Servicing Agreement to timely comply with its obligations under the Exchange
Act, the Securities Act or Form SF-3, and for rating agency triggers with respect to any Certificates, subject to customary grace
periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a depositor under
the Non-Lead Securitization Servicing Agreement to fail to comply with the applicable provisions of such securities laws);

(xiv)               
provide that if a Non-Lead Senior Note becomes the subject of an “asset review” under the Non-Lead Securitization
Servicing Agreement, the applicable parties to the Servicing Agreement are required to reasonably

    		Schedule I-3 

     

    

cooperate with the related asset
representations reviewer or other applicable party to the Non-Lead Securitization Servicing Agreement in connection with such asset
review, including with respect to providing access to related underlying documents to the extent the asset representations reviewer
or such other applicable party to the Non-Lead Securitization Servicing Agreement has not obtained such documents from a Non-Lead
Senior Noteholder and such documents are in the possession of the applicable party to the Servicing Agreement; and

(xv)               
have provisions materially consistent with those set forth in the Model PSA with respect to:

(1)              
 servicing transfer events that would result in the transfer of the Mortgage Loan to special servicing status;

(2)              
the authority of the servicers in the Note A-2 Securitization to grant or agree or consent to material modifications, waivers
and amendments to the Mortgage Loan, or to approve material assignments and assumptions or material additional indebtedness in
connection with the Mortgage Loan;

(3)              
requirements to obtain an appraisal or appraisal update following a transfer of the Mortgage Loan to special servicing status
and periodic updates thereof;

(4)              
duties of the special servicer in respect of foreclosure and the management of REO property; and

(5)              
subject to various adjustments and caps provided for in the Note A-1 PSA (which shall be substantially similar to those
set forth in the Note A-2 PSA, Note A-3 PSA, the Note A-4 PSA and the Note A-5 PSA), primary servicing, special servicing, workout
and liquidation fees,

provided,
however, that (1) this clause (xv) shall not be construed to prohibit differences in timing, control or consultation triggers
or thresholds, terminology, allocation of ministerial duties between multiple servicers or other service providers or certificate
holder or investor voting or consent thresholds, or to prohibit or restrict additional approval, consent, consultation, notice
or rating agency confirmation requirements; and (2) in the event of any conflict between this sentence and any other provision
of this Agreement, such other provision of the Agreement shall control.

 

    		Schedule I-4 

     

    

SCHEDULE II

If Note A-2, Note
A-3, Note A-4, Note A-5 or Note A-6 is included in a Securitization, it shall cause the applicable Non-Lead Securitization Servicing
Agreement to contain provisions to the effect that:

(i)               
the applicable master servicer and trustee for such Securitization shall be required to notify the master servicer, special
servicer and trustee of each other Securitization of the amount of any P&I Advance it has made with respect to the Note included
in such Securitization within two Business Days of making such advance;

(ii)               
if the applicable master servicer, special servicer or trustee determines that a proposed P&I Advance, if made, or any
outstanding P&I Advance previously made, would be, or is, as applicable, a nonrecoverable advance, the master servicer shall
provide the other servicers written notice of such determination within 2 Business Days after such determination was made;

(iii)               
in the event the applicable Non-Lead Senior Noteholder is responsible for its proportionate share of any nonrecoverable
advances (or any other portion of a nonrecoverable advance) (and advance interest thereon) or other fee or expense, and funds received
with respect to such Non-Lead Senior Note are insufficient to cover such amounts, (x) the related master servicer will be
required to pay the Master Servicer, Special Servicer or Lead Trustee, as applicable, out of general funds in the collection account
(or equivalent account) established under the Non-Lead Securitization Servicing Agreement and (y) if the Lead Servicing Agreement
permits the Master Servicer, Special Servicer or Lead Trustee to pay itself from the general account of the trust established under
the Lead Securitization, then the master servicer under the Non-Lead Securitization Servicing Agreement will be required to reimburse
the trust established under the Lead Securitization out of general funds in the collection account (or equivalent account) established
under the related Non-Lead Securitization Servicing Agreement;

(iv)               
each of the Master Servicer and the Special Servicer shall be indemnified (as and to the extent the trust established under
the Lead Securitization is required to indemnify each such party) 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 any PSA that
relate solely to its servicing of the Mortgage Loan, as applicable, and the master servicer under the Non-Lead Securitization Servicing
Agreement will be required to reimburse the Master Servicer, Special Servicer or Lead Trustee, 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
Noteholder’s proportionate share of such amounts;

    		Schedule II-1 

     

    

(v)               
each of the trustee and the master servicer under the Non-Lead Securitization Servicing Agreement, as applicable, shall
acknowledge that, (i) each of the Master Servicer and the Lead Trustee will be a third party beneficiary under the Non-Lead
Securitization Servicing Agreement with respect to any provisions therein relating to (1) the reimbursement for the Non-Lead Noteholder
proportionate share of any nonrecoverable advances made with respect to such Non-Lead Senior Note by the Master Servicer or the
Lead Trustee and (2) as to the Master Servicer only, the indemnification of the Master Servicer against the related Non-Lead Noteholder’s
proportionate share of any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other
costs, liabilities, fees and expenses, incurred in connection with any Servicing Agreement or Non-Lead Securitization Servicing
Agreement and relating to such Non-Lead Senior Note and (ii) the Special Servicer will be a third party beneficiary under
the related Non-Lead Securitization Servicing Agreement with respect to any provisions therein relating to (1) the reimbursement
for such Non-Lead Noteholder’s proportionate share of any nonrecoverable advances made with respect to such Non-Lead Senior
Note by the Special Servicer (it being understood that the Special Servicer is not required to make any Advances) and (2) the indemnification
of the Special Servicer against such Non-Lead Noteholder’s proportionate share of any claims, losses, penalties, fines, forfeitures,
legal fees and related costs, judgments and any other costs, liabilities, fees and expenses, incurred in connection with any Servicing
Agreement or Non-Lead Securitization Servicing Agreement and relating to such Non-Lead Senior Note; and

(vi)               
the Master Servicer and the Special Servicer shall be third party beneficiaries of the foregoing provisions.

 

    		Schedule II-2Exhibit 4.11

 

EXECUTION
VERSION

 

AGREEMENT
BETWEEN NOTE HOLDERS

 

Dated
as of April 12, 2019

 

by
and between

 

COLUMN
FINANCIAL, INC.

(Initial Note A-1 Holder)

 

and

 

Société
Générale Financial Corporation

(Initial Note A-2 Holder)

 

GNL
Portfolio

 

     

     

    

 

This
AGREEMENT BETWEEN NOTE HOLDERS (“Agreement”), dated as of April 12, 2019, by and between COLUMN FINANCIAL,
INC. (“Column” and, together with its successors and assigns in interest, in its capacity as initial owner
of Note A-1 (as defined below), the “Initial Note A-1 Holder”, and in its capacity as the initial agent, the
“Initial Agent”), and Société Générale
Financial Corporation (“SocGen” and, together with its successors and assigns in interest, in its capacity
as initial owner of Note A-2 (as defined below), the “Initial Note A-2 Holder” and, together with the Initial
Note A-1 Holder, the “Initial Note Holders”).

 

W
I T N E S S E T H:

 

WHEREAS,
pursuant to the Mortgage Loan Agreement (as defined herein), Column originated a certain loan (the “Mortgage Loan”)
described on the schedule attached hereto as Exhibit A (the “Mortgage Loan Schedule”) to the entities
set forth on Exhibit A attached hereto (collectively, the “Mortgage Loan Borrower”), which was evidenced,
inter alia, by (i) one promissory note in the original principal amount of $48,750,000.00 (as amended, modified, consolidated,
or supplemented, “Note A-1”), made by the Mortgage Loan Borrower in favor of the Initial Note A-1 Holder and
(ii) one promissory note in the original principal amount of $48,750,000.00 (as amended, modified, consolidated, or supplemented,
“Note A-2” and together with Note A-1, the “Notes”), made by the Mortgage Loan Borrower
in favor of the Initial Note A-2 Holder, each secured by a first mortgage (as amended, modified or supplemented, the “Mortgage”)
on certain real properties located as described on the Mortgage Loan Schedule (collectively, the “Mortgaged Property”);
and

 

WHEREAS,
each Initial Note Holder desires 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; Conflicts. 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 to such terms, or terms of substantially
similar import, in the Lead Securitization Servicing Agreement. To the extent of any conflict between this Agreement and the Lead
Securitization Servicing Agreement, the terms of this Agreement shall control. Whenever used in this Agreement, the following
terms shall have the respective meanings set forth below unless the context clearly requires otherwise.

 

“Advance
Interest” shall mean the interest accrued on any Servicing Advance which is payable to the party that made that Servicing
Advance, in accordance with the Lead Securitization Servicing Agreement.

 

“Affiliate”
shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

 

“Agent”
shall mean the Initial Agent or such Person to whom the Initial Agent shall delegate its duties hereunder, and after the Securitization
Date shall mean the Master Servicer.

 

     -i-

     

    

 

“Agent
Office” shall mean the designated office of the Agent, which office initially shall be the office of the Initial Note
A-1 Holder listed on Exhibit B hereto and, after the Securitization Date, shall be the office of the Master Servicer.
The Agent Office 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 Note Holders.

 

“Agreement”
shall mean this Agreement between Note Holders, the exhibits hereto and all amendments hereof and thereof and supplements hereto
and thereto.

 

“Appraisal”
shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

 

“Approved
Servicer” shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender”.

 

“Asset
Representations Reviewer” shall mean the “Asset Representations Reviewer” (or similarly named Person that
is the “asset representations reviewer” as defined in Item 1101(m) of Regulation AB) under the Lead Securitization
Servicing Agreement.

 

“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 or an analogous term in the Lead Securitization Servicing
Agreement.

 

“Balloon
Payment” shall have the meaning assigned to such term or an analogous term in the Lead Securitization 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 a borrower, a Mortgagor, a manager of a Mortgaged Property or any Borrower Party Affiliate.

 

“Borrower
Party Affiliate” shall mean, with respect to a borrower, a Mortgagor, a manager of a Mortgaged Property, (a) any other
Person controlling or controlled by or under common control with such borrower, Mortgagor or manager, as applicable, or (b) any
other Person owning, directly or indirectly, twenty-five percent (25%) or more of the beneficial interests in such borrower, Mortgagor
or manager, as applicable. 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.

 

“CDO”
shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender”.

 

    -2-

     

    

 

“CDO
Asset Manager” with respect to any Securitization Vehicle that is a CDO, shall mean the entity that is responsible for
managing or administering a 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
such Note).

 

“Certificate
Administrator” shall mean the certificate administrator appointed as provided in the Lead Securitization Servicing Agreement.

 

“Code”
shall mean the Internal Revenue Code of 1986, as amended. “Commission” shall have the meaning assigned to such term
in Section 2(c)(vi). “Conduit” shall have the meaning assigned to such term in Section 14(d).

 

“Co-Lender
Decisions” shall have the meaning assigned to such term in Section 2(g).

 

“Conduit
Credit Enhancer” shall have the meaning assigned to such term in Section 14(d).

 

“Conduit
Inventory Loan” shall have the meaning assigned to such term in Section 14(d).

 

“Control”
shall mean 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. The terms “Controlled”,
“Controlling” and “Controls” shall have the correlative meanings thereto.

 

“Controlling
Note” shall mean Note A-1.

 

“Controlling
Note Holder” shall mean the holder of the Controlling Note; provided that at any time the Controlling Note is
included in a Securitization, references to the “Controlling Note Holder” herein shall mean the holders of the majority
of the class of securities issued in such Securitization designated as the “controlling class” or such other party
otherwise assigned the rights to exercise the rights of the “Controlling Note Holder” under this Agreement or under
the Lead Securitization Servicing Agreement, as and to the extent provided in the Lead Securitization Servicing Agreement; provided
that for so long as fifty percent (50%) or more of the Controlling Note is held by (or the party assigned the rights to exercise
the rights of the “Controlling Note Holder” (as described above) is) the Mortgage Loan Borrower or a Borrower Party,
the holder of the Controlling Note (and such party assigned the rights to exercise the rights of the “Controlling Note Holder”
as described above) shall not be entitled to exercise any rights of the Controlling Note Holder, and there shall be deemed to
be no Controlling Note Holder hereunder. If the Controlling Note is included in a Securitization, the Lead Securitization Servicing
Agreement may contain additional limitations on the rights of the designated party entitled to exercise the rights of the “Controlling
Note Holder” hereunder if such designated party is the Mortgage Loan Borrower or if it has certain relationships with the
Mortgage Loan Borrower.

 

    -3-

     

    

 

“Controlling
Note Holder Representative” shall have the meaning assigned to such term in Section 6(a).

 

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

 

“Defaulted
Loan” shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement

 

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

 

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

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934.

 

“First
Securitization” shall mean the earliest to occur of the Note A-1 Securitization and the Note A-2 Securitization.

 

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

 

“Indemnified
Items” shall have the meaning assigned to such terms in Section 2(b).

 

“Indemnified
Parties” shall have the meaning assigned to such terms in Section 2(b).

 

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

 

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

 

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

 

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

 

“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

 

    -4-

     

    

 

Mortgage Loan Documents; provided, however, that following any
such permitted transaction affecting the title to any Mortgaged Property, the Mortgage Loan Borrower for purposes of this Agreement
shall be defined to mean the successor owner of such 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.

 

“Interest
Rate” shall have the meaning assigned to such term or an analogous term in the Mortgage Loan Documents.

 

“Interested
Person” shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

 

“Interim
Servicer” shall have the meaning assigned to such term in Section 2(g).

 

“Intervening
Trust Vehicle” with respect to any Securitization Vehicle that is a CDO, shall mean a trust vehicle or entity that holds
any 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. and its successors in interest.

 

“Lead
Securitization” shall mean, if the First Securitization is the Note A-1 Securitization, such Securitization; provided
that, if any other Securitization occurs prior to the Note A-1 Securitization, then the First Securitization shall be the
Lead Securitization until such time as the Note A-1 Securitization occurs.

 

“Lead
Securitization Note” shall mean the Note included in the Lead Securitization.

 

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

 

“Lead
Securitization Note Holder Representative” shall mean the “Directing Certificateholder” or equivalent Person
under the Lead Securitization Servicing Agreement.

 

“Lead
Securitization Servicing Agreement” shall mean, as of any date of determination, (i) the pooling and servicing agreement
or other comparable agreement that governs the Securitization that is then the Lead Securitization, and (ii) on and after the
date on which the Mortgage Loan is no longer subject to the provisions of agreement described in clause (i), the Lead
Securitization Servicing Agreement shall be determined in accordance with the second paragraph of Section 2(a).

 

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

 

“Major
Decision” shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

 

    -5-

     

    

 

“Master
Servicer” shall mean the master servicer appointed to act in such capacity with respect to the Mortgage Loan as provided
in the Lead Securitization Servicing Agreement.

 

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

 

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

 

“Morningstar”
shall mean Morningstar Credit Ratings, LLC, and its successors in interest.

 

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

 

“Mortgagor”
shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

 

“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 12, 2019, between the Mortgage Loan Borrower, as borrower,
and Column and SocGen, collectively, 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 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, guarantying or securing the Mortgage Loan.

 

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

 

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

 

“New
Notes” shall have the meaning assigned to such term in Section 32.

 

“Nonrecoverable
Advance” shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

 

“Non-Controlling
Note” means Note A-2.

 

“Non-Controlling
Note Holder” means each holder of a Non-Controlling Note; provided that with respect to each Non-Controlling
Note, at any time such Non-Controlling Note is included in a Securitization, references to a “Non-Controlling Note Holder”
herein shall mean the holders of the majority of the class of securities issued in such Securitization designated as the “controlling
class” (or analogous term) or such other party otherwise assigned the rights to exercise

 

    -6-

     

    

 

the rights of a “Non-Controlling
Note Holder” under this Agreement or under the related Securitization Servicing Agreement, as and to the extent provided
in the related Securitization Servicing Agreement, and as to the identity of which the Controlling Note Holder (and, if applicable,
the Master Servicer and the Special Servicer) has been given written notice; provided, further that if at any time
fifty percent (50%) or more of any Non-Controlling Note (or class of securities issued in a Securitization into which such Non-Controlling
Note has been deposited is designated as the “controlling class”) is held by (or such other party otherwise assigned
the rights to exercise the rights of the “controlling class” under the related Securitization Servicing Agreement
is) the Mortgage Loan Borrower or a Borrower Party, no such Note Holder or other Person shall be entitled to exercise any rights
of such Non-Controlling Note Holder under this Agreement or the related Securitization Servicing Agreement, and there shall be
deemed to be no Non-Controlling Note Holder with respect to such Non-Controlling Note. The Controlling Note Holder and the Lead
Securitization Note Holder (or, if applicable, 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-Controlling Note Holder” herein
or under the Lead Securitization Servicing Agreement (it being understood for the avoidance of doubt that the Lead Securitization
Note Holder (or the Master Servicer or Special Servicer on its behalf) may additionally need to deal with the master servicer,
special servicer or other person party to the related Securitization Servicing Agreement) and, (x) to the extent that the related
Securitization Servicing Agreement assigns such rights to more than one party or (y) to the extent the related Non-Controlling
Note is split into two or more New Notes pursuant to Section 32, for purposes of this Agreement, such Securitization
Servicing Agreement or the holders of such New Notes shall designate one party to deal with the Controlling Note Holder and the
Lead Securitization Note Holder (or, the Master Servicer or the Special Servicer acting on its behalf) and provide written notice
of such designation to the Controlling Note Holder and the Lead Securitization Note Holder (or, the Master Servicer and the Special
Servicer acting on its behalf); provided that, in the absence of such designation and notice, the Controlling Note Holder
and the Lead Securitization Note Holder (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-Controlling Note Holder
with respect to such Non-Controlling Note for all purposes of this Agreement. As of the date hereof and until further notice from
the Non-Controlling Note Holder (or, if applicable, the related Non-Lead Master Servicer or another party acting on its behalf),
the Initial Note A-2 Holder is the Non-Controlling Note Holder with respect to Note A-2. If the Non-Controlling Note is included
in a Securitization, the related Securitization Servicing Agreement may contain additional limitations on the rights of the designated
party entitled to exercise the rights of the “Non-Controlling Note Holder” hereunder if such designated party is the
Mortgage Loan Borrower or if it has certain relationships with the Mortgage Loan Borrower.

 

“Non-Controlling
Note Holder Representative” shall have the meaning assigned to such term in Section 6(b).

 

“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

 

    -7-

     

    

 

(B) above, permit
any Servicer on behalf of the Note Holders to make such payments free of any obligation or liability for withholding.

 

“Non-Lead
Asset Representations Reviewer” shall mean the “Asset Representations Reviewer” (or similarly named Person
that is the “asset representations reviewer” as defined in Item 1101(m) of Regulation AB) under any Non-Lead Securitization
Servicing Agreement.

 

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

 

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

 

“Non-Lead
Operating Advisor” shall mean the “trust advisor”, “senior trust advisor”, “operating
advisor” (or other analogous Person) under any Non-Lead Securitization Servicing Agreement.

 

“Non-Lead
Securitization” shall mean any Securitization of a Note in a Securitization Trust other than the Securitization that
is then the Lead Securitization.

 

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

 

“Non-Lead
Securitization Note Holder” shall mean each holder of a Non-Lead Securitization Note.

 

“Non-Lead
Securitization Note Holder Representative” shall mean the “Directing Certificateholder” or equivalent Person
under the Non-Lead Securitization Servicing Agreement.

 

“Non-Lead
Securitization Servicing Agreement” shall have the meaning assigned to such term in Section 2(b).

 

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

 

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

 

“Non-Securitizing
Note Holder” shall mean, with respect to a Securitization, each Note Holder other than a Securitizing Note Holder with
respect to such Securitization.

 

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

 

“Note
A-1 Holder” shall mean the Initial Note A-1 Holder or any subsequent holder of Note A-1, as applicable.

 

    -8-

     

    

 

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

 

“Note
A-1 PSA” shall mean the pooling and servicing agreement or other comparable agreement entered into in connection with
the Note A-1 Securitization.

 

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

 

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

 

“Note
A-2 Holder” shall mean the Initial Note A-2 Holder or any subsequent holder of Note A-2, as applicable.

 

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

 

“Note
A-2 PSA” shall mean the pooling and servicing agreement or other comparable agreement entered into in connection with
the Note A-2 Securitization.

 

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

 

“Note
A-2 Securitization Date” shall mean the closing date of the Note A-2 Securitization.

 

“Note
Holder Representative” shall mean a Controlling Note Holder Representative or a Non-Controlling Note Holder Representative,
as applicable.

 

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

 

“Note
Pledgee” shall have the meaning assigned to such term in Section 14(c).

 

“Note
Principal Balance” shall mean, (i) with respect to Note A-1, the Note A-1 Principal Balance and (ii) with respect to
Note A-2, the Note A-2 Principal Balance.

 

“Note
Register” shall have the meaning assigned to such term in Section 15.

 

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

 

    -9-

     

    

 

“Operating
Advisor” shall mean the trust advisor, senior trust advisor, operating advisor or other analogous term as defined under
the Lead Securitization Servicing Agreement.

 

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

 

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

 

“Pledge”
shall have the meaning assigned to such term in Section 14(c).

 

“Pro
Rata and Pari Passu Basis” shall mean with respect to the Notes and the Note Holders, the allocation of any particular
payment, collection, cost, expense, liability or other amount between such Notes or such Note Holders, as the case may be, without
any priority of any such Note or any such Note Holder over another such Note or Note Holder, as the case may be, and in any event
such that each Note or Note Holder, as the case may be, is allocated its respective Percentage Interest of such particular payment,
collection, cost, expense, liability or other amount.

 

“Qualified
Institutional Lender” shall mean each of the Initial Note Holders and any other Person that is:

 

(a)          
an entity Controlled by, under common Control with or that Controls any of the Initial Note Holders, or

 

(b)          
one or more of the following:

 

(i)          
an insurance company, 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

 

    -10-

     

    

 

(iii)          an institution substantially similar to any of the foregoing entities described in clauses (i) or (ii), or

 

(iv)          any entity Controlled by or under common Control or Controlling any of the entities described in clauses (i), (ii)
or (iii), or

 

(v)          
a Qualified Trustee (or, in the case of a collateralized debt (or loan) obligations (“CDO”)), a
single-purpose, bankruptcy remote entity that contemporaneously pledges its interest in a Note to a Qualified Trustee) in
connection with (a) a securitization of, (b) the creation of a CDO secured by, or (c) a financing through an “owner
trust” of, a Note or any interest therein (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 that assigned a rating to one or more classes of securities issued in connection with that
Securitization; (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 subject to Rating Agency Confirmations from the Rating
Agencies rating each Securitization (such entity, an “Approved Servicer”) and such Approved Servicer is
required to service and administer such Note or any interest therein 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), (ii), (iii), (iv)
or (vi) of this definition, or

 

(vi)          
an investment fund, limited liability company, limited partnership or general partnership having capital and/or capital commitments
of at least $250,000,000, in which (A) any Note Holder, (B) a person that is otherwise a Qualified Institutional Lender under
clauses (b)(i), (ii), (iii) or (iv) (with respect to an institution substantially similar to
the entities referred to in clause (i) or (ii)), 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 fifty percent (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), and

 

in
the case of any entity referred to in clauses (b)(i), (ii), (iii), (iv) or (vi)(B) 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 or similar fiduciary) and at least $600,000,000 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

 

    -11-

     

    

 

mezzanine loans with respect thereto) or owning or operating commercial real estate properties; provided
that, in the case of the entity described in clause (b)(vi)(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

 

(c)          
any entity Controlled by any of the entities described in clause (b)(i), (ii), (iv)(B) or (v) above
or subject to a Rating Agency Confirmation as a Qualified Institutional Lender for purposes of this Agreement from each of the
Rating Agencies engaged to rate the securities for any Securitization.

 

“Qualified
Trustee” shall mean (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 or (ii) an institution whose long-term senior unsecured debt is rated in either of
the then in effect top three rating categories of each of the applicable Rating Agencies (or, if not rated by an applicable Rating
Agency, an equivalent (or higher) rating from any two of Fitch, Moody’s and S&P).

 

“Rating
Agencies” shall mean DBRS, Fitch, KBRA, Moody’s, Morningstar and S&P and their respective successors in interest
or, 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 engaged by any Note Holder to rate the securities issued in connection with the
Securitization of the related Note; provided, however, that, at any time during which one or more of the Notes is
an asset of one or more Securitizations, “Rating Agencies” or “Rating Agency” shall mean only those rating
agencies that are engaged by the related depositor (or its Affiliate) from time to time to rate the securities issued in connection
with the Securitizations of the related Notes.

 

“Rating
Agency Confirmation” shall mean, with respect to any Securitization, a confirmation in writing (which may be in electronic
form) by each of the applicable Rating Agencies for such Securitization that a proposed action, failure to act or other event
so specified will not, in and of itself, result in the downgrade, withdrawal or qualification of the then current rating assigned
to any class of securities of such Securitization (if then rated by such Rating Agency); provided that a written waiver
or other acknowledgment from any such Rating Agency indicating its decision not to review the matter for which the Rating Agency
Confirmation is sought shall be deemed to satisfy the requirement for the Rating Agency Confirmation from such Rating Agency with
respect to such matter. If no such securities are outstanding with respect to any Securitization, any action that would otherwise
require a Rating Agency Confirmation shall instead require the consent of the Controlling Note Holder, which consent shall not
be unreasonably withheld, conditioned or delayed.

 

“Redirection
Notice” shall have the meaning assigned to such term in Section 14(c).

 

“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

 

    -12-

     

    

 

time, and subject to such clarification and interpretation as have been provided by
the Commission or by its staff, or as may be provided by the Commission or its staff from time to time.

 

“REMIC”
shall have the meaning assigned to such term in Section 5(d).

 

“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 or an analogous term in the Lead Securitization Servicing Agreement.

 

“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, 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, such special servicer has acted as special
servicer in one or more other commercial mortgage-backed securitizations within the prior twelve (12) months, and Morningstar
has not, with respect to any such other transactions, qualified, downgraded or withdrawn its rating or ratings on one or more
classes of securities issued in such securitizations, and (v) in the case of DBRS or KBRA, such special servicer is acting as
special servicer for one or more loans included in a commercial mortgage loan securitization that was rated by DBRS or KBRA, as
applicable, within the twelve (12) month period prior to the date of determination, and DBRS or KBRA, as applicable, 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.

 

“S&P”
shall mean S&P Global Ratings and its successors in interest.

 

“Securitization”
shall mean the Note A-1 Securitization or the Note A-2 Securitization.

 

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

 

“Securitization
Servicing Agreement” shall mean the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing
Agreement.

 

“Securitization
Trust” shall mean a trust formed pursuant to a Securitization.

 

    -13-

     

    

 

“Securitization
Vehicle” shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender”.

 

“Securitizing
Note Holder” shall mean, with respect to a Securitization, each Note Holder that is contributing its Note to such Securitization.

 

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

 

“Servicer
Termination Event” shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

 

“Servicing
Advance” shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

 

“Servicing
Standard” shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.
The Servicing Standard in the Lead Securitization Servicing Agreement shall require, among other things, that each Servicer, in
servicing the Mortgage Loan, must take into account the interests of each Note Holder.

 

“SocGen”
shall have the meaning assigned to such term in the preamble to this Agreement.

 

“Special
Servicer” shall mean the special servicer appointed to act in such capacity with respect to the Mortgage Loan as provided
in 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.

 

“Transfer”
shall have the meaning assigned to such term in Section 14.

 

“Trust
Fund” shall mean the trust formed pursuant to the Lead Securitization Servicing Agreement.

 

“Trustee”
shall mean the trustee appointed as provided in the Lead Securitization Servicing Agreement.

 

“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 which is eligible to elect to be treated as a U.S. Person).

 

    -14-

     

    

 

Section
2.           Servicing of the Mortgage Loan.

 

(a)          
Each Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced from
and after the Securitization Date by the Master Servicer and the Special Servicer pursuant to the terms of this Agreement and
the Lead Securitization Servicing Agreement; provided that the Master Servicer shall not be obligated to advance monthly
payments of principal or interest in respect of any Note other than the Lead Securitization Note (unless such other Note is also
included in the Lead Securitization) if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated
to make Servicing Advances, subject to the terms of the Lead Securitization Servicing Agreement; provided, further
that the Special Servicer, when appointed, has the Required Special Servicer Rating from each Rating Agency then rating a Securitization.
The Lead Securitization Servicing Agreement shall contain terms and conditions that are customary for securitization transactions
involving assets similar to the Mortgage Loan and that are otherwise (i) required by the Code relating to the tax elections of
any Securitization Trust, (ii) required by law or changes in any law, rule or regulation or (iii) generally required by the Rating
Agencies in connection with the issuance of ratings in securitizations similar to the Securitizations. Each Note Holder acknowledges
that each other Note Holder may elect, in its sole discretion, to include its Note in a Securitization and agrees that it will,
subject to Section 26 hereof, reasonably cooperate with such other Note Holder, at such other Note Holder’s
expense, to effect such Securitization. Subject to the terms and conditions of this Agreement, each Note Holder hereby irrevocably
and unconditionally consents to the appointment of the Master Servicer and the Trustee under the Lead Securitization Servicing
Agreement by the Depositor and the appointment of the Special Servicer by the Controlling Note Holder 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
the Lead Securitization Servicing Agreement. Each Note Holder hereby appoints the Master Servicer, the Special Servicer and the
Trustee in the Lead Securitization as such Note Holder’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 Lead Securitization Servicing Agreement
(subject at all times to the rights of such Note Holder set forth herein and in the Lead Securitization Servicing Agreement).
In no event shall the Lead Securitization Servicing Agreement require the Servicer to enforce the rights of any Note Holder against
any other Note Holder or limit the Servicer in enforcing the rights of one Note Holder against any other Note Holder; however,
this statement shall not be construed to otherwise limit the rights of one Note Holder with respect to any other Note Holder,
and is subject in all respect to Section 6.04 of the Lead Securitization Servicing Agreement. Each Servicer shall be required
pursuant to the Lead Securitization Servicing Agreement to service the Mortgage Loan in accordance with the Servicing Standard,
the terms of the Mortgage Loan Documents, the Lead Securitization Servicing Agreement and applicable law, shall provide information
to each servicer under the Non-Lead Securitization Servicing Agreement to enable each such servicer to perform its servicing duties,
and shall not take any action or refrain from taking any action or follow any direction inconsistent with the foregoing.

 

At
any time after the First Securitization that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization
Servicing Agreement, the Note Holders agree to cause the Mortgage Loan to be serviced by one or more servicers, each of which
has been agreed upon by the Note Holders, pursuant to a servicing agreement that has servicing terms substantially similar to
the Lead Securitization Servicing Agreement and all references herein to the “Lead

 

    -15-

     

    

 

Securitization Servicing Agreement”
shall mean such subsequent servicing agreement; provided, that if a Non-Lead Securitization Note is in a Securitization,
then a Rating Agency Confirmation shall have been obtained from each other Rating Agency with respect to any such Non-Lead Securitization
Note regarding any Special Servicer to be appointed under such replacement servicing agreement that does not have the Required
Special Servicer Rating for such Rating Agency or, with respect to the Master Servicer, would not otherwise meet the conditions
to be a servicer under the Lead Securitization Servicing Agreement that is being replaced; provided, further, that
until a replacement servicing agreement has been entered into, the Lead Securitization Note Holder shall cause the Mortgage Loan
to be serviced pursuant to the provisions of the Lead Securitization Servicing Agreement, as if such agreement were still in full
force and effect with respect to the Mortgage Loan, by the Servicers in the Lead Securitization or by any Person appointed by
the Lead Securitization Note Holder that is a Person meeting the requirements of a master servicer under the Lead Securitization
Servicing Agreement and, in the case of the Special Servicer, that meets the Required Special Servicer Rating for each Rating
Agency then rating securities of a Non-Lead Securitization.

 

(b)          
The Master Servicer shall be the lead master servicer on the Mortgage Loan, and from time to time it (or the Trustee or the Special
Servicer, to the extent provided in the Lead Securitization Servicing Agreement) shall make the following advances, subject to
the terms of the Lead Securitization Servicing Agreement and this Agreement: (i) Servicing Advances on the Mortgage Loan and (ii)
P&I Advances on the Lead Securitization Note. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall
be entitled to reimbursement for a Servicing Advance, first from funds on deposit in the Collection Account and/or the
Companion Distribution Account for the Mortgage Loan that (in any case) represent amounts received on or in respect of the Mortgage
Loan, and then, in the case of Nonrecoverable Advances, if such funds on deposit in the Collection Account or Companion
Distribution Account are insufficient, from general collections of the Lead Securitization as provided in the Lead Securitization
Servicing Agreement. The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to reimbursement
for Advance Interest on a Servicing Advance (including any Nonrecoverable Advance), in the manner and from the sources provided
in the Lead Securitization Servicing Agreement, including from general collections of the Lead Securitization. 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 Advance or any Advance Interest on a Servicing
Advance (including any Nonrecoverable Advance), each Non-Lead Securitization Note Holder (including any Securitization Trust into
which a Non-Lead Securitization Note is deposited) shall be required to, promptly following notice from the Master Servicer, reimburse
the Lead Securitization for its pro rata share of such Nonrecoverable Advance or Advance Interest.

 

In
addition, each Non-Lead Securitization Note Holder (including, but not limited to, any Securitization Trust into which a Non-Lead
Securitization Note is deposited) shall be required to, promptly following notice from the Master Servicer, reimburse the Lead
Securitization for such Non-Lead Securitization Note Holder’s pro rata share of any fees, costs or expenses incurred
in connection with the servicing and administration of the Mortgage Loan as to which the Master Servicer, the Special Servicer,
the Certificate Administrator, the Trustee, the Operating Advisor, the Asset Representations Reviewer or the Depositor, as applicable,
is entitled to be reimbursed pursuant to the Lead Securitization Servicing Agreement, to the extent amounts on

 

    -16-

     

    

 

deposit in the
Companion Distribution Account or Collection Account are insufficient for reimbursement of such amounts. Each Non-Lead Securitization
Note Holder shall indemnify (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 Lead Securitization Servicing
Agreement) each of the Master Servicer, the Special Servicer, the Certificate Administrator, the Trustee, the Operating Advisor,
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 Lead Securitization Servicing Agreement in respect of other mortgage
loans) (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 servicing and administration
of the Mortgage Loan (or, with respect to the Operating Advisor and the Asset Representations Reviewer, 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 Companion Distribution Account or Collection Account in respect of the Mortgage Loan, as applicable, are insufficient for
reimbursement of such amounts, each Non-Lead Securitization Note Holder shall be required to, promptly following notice from the
Master Servicer, reimburse each of the applicable Indemnified Parties for its pro rata share of the insufficiency; provided,
however, that each Non-Lead Securitization Note Holder’s duty to pay Indemnified Items to the Operating Advisor shall
be subject to any limitations and conditions (including limitations and conditions with respect to the timing of such payments
and the sources of funds for such payments) as may be set forth from time to time in a related Non-Lead Securitization Servicing
Agreement.

 

Any
Non-Lead Master Servicer (or if not made by such Non-Lead Master Servicer, the Non-Lead Trustee) may be required to make P&I
Advances on the related Non-Lead Securitization Note, from time to time, subject to the terms of the related servicing agreement
for the related Securitization (each such agreement, a “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 each be entitled to make its own recoverability determination with respect to a P&I Advance to be made on the Lead Securitization
Note based on the information that it has on hand and in accordance with the Lead Securitization Servicing Agreement. Each Non-Lead
Master Servicer, Non-Lead Special Servicer and Non-Lead Trustee under the related Non-Lead Securitization Servicing Agreement,
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 Non-Lead Securitization
Servicing Agreement. The Master Servicer and the Trustee, as applicable, and the related Non-Lead Master Servicer or the related
Non-Lead Trustee shall be required to notify the other 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 a 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 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 Lead Securitization

 

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Servicing Agreement, in the case of a determination
of non-recoverability by the Master Servicer, the Special Servicer or the Trustee) or the related Non-Lead Master Servicer or
the related Non-Lead Trustee (as provided in the related Non-Lead Securitization Servicing Agreement, in the case of a determination
of non-recoverability by the related Non-Lead Master Servicer, the related Non-Lead Special Servicer or the related 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,
of the other Securitization within two (2) Business Days of making such determination. Each of the Master Servicer, the Trustee,
a Non-Lead Master Servicer and a Non-Lead Trustee, as applicable, will only be entitled to reimbursement for a P&I Advance
that becomes non-recoverable first from the Companion Distribution Account 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 Securitization Trust, as and to the
extent provided in the related Non-Lead Securitization Servicing Agreement.

 

(c)          
The Lead Securitization Note Holder agrees that it shall cause the Lead Securitization Servicing Agreement to provide as follows
(and to the extent such following provisions are not included in the Lead Securitization Servicing Agreement, they shall be deemed
incorporated therein and made a part thereof):

 

(i)          
the Master Servicer shall remit all payments received with respect to the Non-Lead Securitization Note, 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 Note
Holder 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 (i) is at least one (1) business day after the scheduled monthly payment date under the 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 clause (c)(xiii) below;

 

(ii)          
with respect to the Non-Lead Securitization Note that is held by a Securitization, the Master Servicer agrees to deliver or cause
to be delivered or to make available to the Non-Lead Master Servicer all reports required to be delivered by the Master Servicer
to the Certificate Administrator 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 Securitization 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, in each case so long as the date on which delivery is required under
this clause (ii) is at least one (1) business day after the scheduled monthly payment date under the Loan Agreement;

 

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(iii)          
the Master Servicer and Special Servicer, as applicable, shall provide (in electronic media) to each Non-Controlling Note Holder
all documents, certificates, instruments, notices, reports, operating statements, rent rolls and other information regarding the
Mortgage Loan that it has provided, or that it is required to provide, to the Controlling Note Holder or the Operating Advisor
in connection with any request for consent made to, or consultation with, the Non-Controlling Note Holder;

 

(iv)          
the Non-Lead Securitization Note Holder shall be entitled to the same indemnity as the Lead Securitization Note Holder under the
Lead Securitization Servicing Agreement; each of the Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator,
the Operating Advisor, 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 depositor of any public Securitization related to a Non-Lead
Securitization Note, 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 (v) below in a timely manner, (ii) its failure to perform its obligations to such depositor or Non-Lead
Trustee under Article XI (or any article substantially similar thereto that addresses Exchange Act reporting and Regulation
AB compliance) 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
a Mortgage Loan Seller Sub-Servicer) to perform its obligations to such depositor or trustee under such Article XI (or
any article substantially similar thereto that addresses Exchange Act reporting and Regulation AB compliance) 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;

 

(v)          
with respect to any 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 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 a Mortgage Loan Seller Sub-Servicer to deliver), to the Non-Lead Depositor and the
Non-Lead Trustee, in a timely manner, (i) the reports, certifications, compliance statements, accountants’ assessments and
attestations, and all 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 clauses (i) and (ii), as the parties to each Non-Lead Securitization may reasonably require in order
to comply with their obligations under the Securities Act, the Exchange Act (including Rule 15Ga-1), Regulation AB and Form SF-3
and (b) without limiting the generality of the foregoing, the Initial Note Holder of the Lead Securitization Note shall provide
in a timely manner to the Non-Lead Depositor and the Non-Lead Trustee, if any, a copy of the Lead Securitization Servicing Agreement
in EDGAR-

 

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compatible format (but not later than one (1) business day following the closing date of the Lead Securitization) and
each Servicer under the Lead Securitization Servicing Agreement will be required, upon prior written request, to provide to the
Non-Lead Depositor and the Non-Lead Trustee, if any, any other information required to comply in a timely manner with applicable
filing requirements under Items 1.01 and 6.02 of Form 8-K, any other disclosure information required pursuant to Regulation AB,
in each case in a timely manner for inclusion in any disclosure document (or for filing under Form 8-K, as applicable), and with
respect to such Servicers, upon prior written request, market 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 expense of the Non-Lead Securitization
Note Holder). The Master Servicer, any primary servicer and the Special Servicer shall each be required to provide certification
and indemnification to each Certifying Person with respect to the Sarbanes-Oxley Certification (or analogous terms) as such terms
are defined in the Non-Lead Securitization Servicing Agreement;

 

(vi)          
each of the Master Servicer, the Special Servicer, the Custodian and the Trustee and each Affected Reporting Party (or analogous
term) shall cooperate (and require each Servicing Function Participant and Additional Servicer retained by it to cooperate under
the applicable Sub-Servicing Agreement), with the 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 Depositor under Article XI (or any article substantially similar thereto that addresses Exchange Act reporting
and Regulation AB compliance) 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 the Non-Lead Depositor in any telephone conferences and meetings with the United States Securities and Exchange
Commission (the “Commission”) and other costs the Non-Lead Depositor must bear pursuant to Article XI
(or any article substantially similar thereto that addresses Exchange Act reporting and Regulation AB compliance) 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;

 

(vii)          
each Non-Lead Securitization Note Holder is an intended third-party beneficiary in respect of the rights afforded it under the
Lead Securitization Servicing Agreement;

 

(viii)          
each Non-Lead Master Servicer and each Non-Lead Special Servicer shall 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 Non-Lead Special Servicer, as the case may be, and the provisions regarding coordination of
advances;

 

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(ix)          
if the Mortgage Loan becomes a Defaulted Mortgage Loan and the Special Servicer determines to sell the Lead Securitization Note
in accordance with the Lead Securitization Servicing Agreement, it shall have the right and the obligation to sell both of the
Notes as notes evidencing one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement. In connection
with any such sale, the Special Servicer shall provide notice to each Non-Lead Master Servicer who shall provide notice to the
related Non-Controlling Note Holder of the planned sale and of such Non-Controlling Note Holder’s opportunity to submit
an offer on the Mortgage Loan;

 

(x)          
the Lead Securitization Servicing Agreement shall not be amended in any manner that materially and adversely affects any Non-Lead
Securitization Note Holder without the consent of such Non-Lead Securitization Note Holder;

 

(xi)          
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 Securitization Note Holder, 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 two (2) Business Days 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 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 a Non-Lead Securitization by the rating agencies rating such securities (and such qualification, downgrade, 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 Note Holder (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 with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder, and the
Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee or the Master
Servicer shall, upon the direction of a Non-Lead Securitization Note Holder, require the appointment of a subservicer with respect
to the related Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer
affecting a Non-Lead Securitization Note Holder, and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization
Servicing Agreement, the Trustee shall, upon direction of a Non-Lead Securitization Note Holder, terminate the Special Servicer
with respect to, but only with respect to, the Mortgage Loan;

 

(xii)          
in connection with (A) any amendment of the Lead Securitization Servicing Agreement, a party to such Lead Securitization Servicing
Agreement is required to provide a copy of the executed amendment to each Non-Lead Depositor and one or more parties to

 

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the related
Non-Lead Securitization Servicing Agreement (which may be by e-mail), together with a copy of such amendment in electronic format,
no later than the effective date of such amendment, and (B) the termination, resignation and/or replacement of the Master Servicer
or Special Servicer under the Lead Securitization Servicing Agreement, the replacement “master servicer” or replacement
“special servicer”, as applicable, is required to provide to each Non-Lead Depositor and one or more parties to the
related Non-Lead Securitization Servicing Agreement all disclosure about itself that is required to be included in Form 8-K no
later than the date of effectiveness thereof;

 

(xiii)        
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 a Non-Lead Master Servicer or a Non-Lead Trustee shall be remitted by the Master
Servicer to the related Non-Lead Master Servicer within one (1) Business Day of receipt of properly identified and available
funds constituting such late collections; provided, however, that to the extent any such amounts are received
after 3:00 p.m. Eastern time on any given Business Day, the Master Servicer shall use commercially reasonable efforts to
remit such late collections to such Non-Lead Master Servicer within one (1) Business Day of receipt of properly identified
and available funds but, in any event, the Master Servicer shall remit such amounts within two (2) Business Days of receipt
of properly identified and available funds;

 

(xiv)        
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 related 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 (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) such Non-Lead Asset Representations Reviewer has not been able to obtain such
documents from the related mortgage loan seller;

 

(xv)          any conflict between the Lead Securitization Servicing Agreement and this Agreement shall be resolved in favor of this Agreement
provided that in no event shall the Master Servicer or the Special Servicer, as the case may be, take any action or omit
to take any action in accordance with the terms of this Agreement that would cause the Master Servicer or the Special Servicer,
as the case may be, to violate the Servicing Standard or the REMIC Provisions;

 

(xvi)         special servicing, workout and liquidation fee rates shall not exceed one-quarter of one percent (0.25%), one percent (1.00%)
and one percent (1.00%), respectively, subject to any market minimum special servicing fees and fee offsets set forth in the Lead
Securitization Servicing Agreement; and

 

(xvii)        each Lead Securitization Servicing Agreement shall also satisfy Moody’s rating methodology as of the closing date of the
Lead Securitization Servicing Agreement

 

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for eligible accounts and permitted investments for a securitization rated “Aaa”
by Moody’s.

 

(xviii)      
The holder of the Lead Securitization Note shall:

 

(A)          
on, or within a timely manner following, the closing date of the Lead Securitization, provide notice of the closing of the Lead
Securitization and send (or provide for access through a financial printer together with notice (which may be by email) and contact
information therefor) a copy (in EDGAR-compatible format) of the Lead Securitization Servicing Agreement to each other Note Holder;
and

 

(B)           
give each other Note Holder written notice in a timely manner (but no later than one (1) business day prior to the applicable
filing date) of any re-filing (other than a filing made in connection with a formal amendment of the Lead Securitization Servicing
Agreement) by the Depositor of the Lead Securitization Servicing Agreement subsequent to the Securitization Date if such filing
contains revisions or changes that are material to the other Note Holders.

 

(d)          
Each Non-Lead Securitization Note Holder agrees that, if the related 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 Note Holder shall be responsible for its pro rata share of any Nonrecoverable Advances relating
to Servicing Advances (and Advance Interest thereon) and any additional expenses of the Trust Fund, but only to the extent that
such expenses relate to servicing and administration of the Notes, including without limitation, any unpaid Special Servicing
Fees, Liquidation Fees and Workout Fees relating to the Notes, and that in the event that amounts on deposit in the Companion
Distribution Account or Collection Account in respect of the Mortgage Loan, as applicable, are insufficient for reimbursement
of such amounts, (i) the related Non-Lead Master Servicer will be required to, promptly following notice from the Master Servicer,
reimburse the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as applicable, out of general
collections in the collection account (or equivalent account) established under the Non-Lead Securitization Servicing Agreement
for such Non-Lead Securitization Note Holder’s pro rata share of any such Nonrecoverable Advances and/or additional
expenses of the Trust Fund, and (ii) 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 collections,
then the Master Servicer, the Special Servicer, the Certificate Administrator or the Trustee, as applicable, may do so and the
related Non-Lead Master Servicer will be required to, promptly following notice from the Master Servicer, reimburse the Lead Securitization
Trust out of general collections in the collection account (or equivalent account) established under the related Non-Lead Securitization
Servicing Agreement for such Non-Lead Securitization Note Holder’s pro rata share of any such Nonrecoverable Advances
and/or additional expenses of the Trust Fund;

 

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(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
Lead Securitization Servicing Agreement) by each Securitization Trust holding a Non-Lead Securitization Note, 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 are insufficient for reimbursement of such amounts, the related Non-Lead Master Servicer will
be required to reimburse each of the applicable Indemnified Parties for its pro rata share of the insufficiency out of
general collections in the collection account (or equivalent account) established under the related Non-Lead Securitization Servicing
Agreement; provided, however, that such Non-Lead Securitization Servicing Agreement may include limitations and
conditions on the payment or reimbursement of Indemnified Items to the Operating Advisor (including limitations and conditions
with respect to the timing of such payments or reimbursements and the sources of funds for such payments or reimbursements);

 

(iii)          
the related Non-Lead Master Servicer, related Non-Lead Trustee or certificate administrator under the related Non-Lead Securitization
Servicing Agreement will be required to deliver to the Trustee, the Certificate Administrator, the Special Servicer, the Master
Servicer and the Operating Advisor (i) promptly following Securitization of such Non-Lead Securitization Note, notice of the deposit
of such Non-Lead Securitization Note into a Securitization Trust (which notice shall also provide contact information for the
related Non-Lead Trustee, the related certificate administrator, the related Non-Lead Master Servicer, the related Non-Lead Special
Servicer and the party designated to exercise the rights of the related “Non-Controlling Note Holder” and “Non-Lead
Securitization Note Holder” under this Agreement), accompanied by a certified copy of the related executed Non-Lead Securitization
Servicing Agreement and (ii) notice of any subsequent change in the identity of the related Non-Lead Master Servicer or the party
designated to exercise the rights of the related “Non-Controlling Note Holder” or “Non-Lead Securitization Note
Holder” under this Agreement (together with the relevant contact information); and

 

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

 

(e)          
Prior to the Securitization of a Non-Lead Securitization Note (including any New Note), all notices, reports, information or other
deliverables required to be delivered to the related Non-Lead Securitization Note Holder pursuant to this Agreement or the Lead
Securitization Servicing Agreement by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf) only need to be delivered to the related Non-Lead Securitization Note Holder (or its Note Holder Representative)
and, when so delivered to such Non-Lead Securitization Note Holder (or its Note Holder Representative, as applicable), the Lead
Securitization Note Holder (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 Lead Securitization Servicing Agreement. Following
the Securitization of a Non-Lead Securitization Note (including any New Note), as applicable, all notices, reports, information
or other deliverables required to be delivered to the related Non-Lead Securitization

 

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 Note Holder pursuant to this Agreement or
the Lead Securitization Servicing Agreement by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer
acting on its behalf) shall be delivered to the related Non-Lead Master Servicer and 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 such Non-Lead Master Servicer and such Non-Lead Special Servicer, the Lead Securitization
Note Holder (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 Lead Securitization Servicing Agreement (except where required by
this Agreement or the Lead Securitization Servicing Agreement to deliver items directly to a Non-Lead Depositor or other party
to a Non-Lead Securitization Servicing Agreement for purposes of compliance with securities laws).

 

(f)          
The Lead Securitization Note Holder agrees that, if a Non-Lead Securitization Note is included in a Securitization, and such Non-Lead
Securitization is subject to reporting requirements under Regulation AB, the Master Servicer, the Special Servicer, the Trustee
and the Custodian shall be required to reasonably cooperate with the Non-Lead Asset Representations Reviewer in connection with
such Non-Lead Asset Representations Reviewer’s obligations under any Non-Lead Securitization Servicing Agreement with respect
to the Mortgage Loan by providing any documents reasonably requested by the Non-Lead Asset Representations Reviewer or other requesting
party in connection with the Non-Lead Asset Representations Reviewer’s obligations, but only to the extent such documents
are in the possession of the Master Servicer, the Special Servicer, the Trustee or the Custodian, as the case may be, but in any
event excluding any documents known to such the Master Servicer, the Special Servicer, the Trustee or the Custodian to contain
information that is proprietary to the related originator or Initial Note Holders or any draft documents or privileged or internal
communications. The reasonable out-of-pocket expenses of the Master Servicer, Special Servicer, the Trustee and the Custodian
actually incurred in connection with their compliance with such requests shall be reimbursable by the Non-Lead Asset Representations
Reviewer or, if not paid by the Non-Lead Asset Representations Reviewer, the Non-Lead Securitization Note Holder.

 

(g)          
The following provisions shall govern the servicing and administration of the Loan during the period prior to the First Securitization:

 

(i)          
Unless otherwise agreed to by Column and SocGen, the Loan shall be serviced pursuant to that certain interim servicing agreement,
between Column and Key Bank (in such capacity, the “Interim Servicer”), which shall service the Loan in accordance
with the terms of this Agreement, the Loan Documents, applicable law and the Servicing Standard. The Servicer shall collect all
amounts due on the Loan, and remit such amounts (net of amounts due to the Servicer) to the Note Holders on the second (2nd) business
day after receipt.

 

(ii)          
Decisions related to the servicing and administration of the Loan shall be made by Column in accordance with the terms of this
Agreement, the Loan Documents, applicable law and the Servicing Standard, except as follows: Prior to taking any of the actions
set forth on Exhibit D (such decisions, the “Co-Lender Decisions”), the Interim Servicer (or special
servicer, if one has been appointed) will be required to notify the

 

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Lenders in writing of any proposal to take any such action
(and to provide the Lenders with such information as may be requested by any such Lender as may be necessary in the reasonable
judgment of such Lender in order to make a judgment) and to receive the written approval of all of the Lenders. If the Interim
Servicer or special servicer, as applicable, does not receive approval or disapproval of a proposed Co-Lender Decision from both
Lenders within five (5) business days after the later of delivery to the Lenders of (1) written notice of such a proposed Co-Lender
Decision (which notice shall contain a legend, in conspicuous boldface type, substantially similar to the following: “THIS
IS A REQUEST FOR ACTION APPROVAL. IF THE LENDER FAILS TO APPROVE OR DISAPPROVE THE ENCLOSED ACTION WITHIN FIVE BUSINESS DAYS SUCH
ACTION MAY BE DEEMED APPROVED.”) and (2) any information requested by any Lender in connection with such Co-Lender Decision,
then upon the expiration of such five (5) business day period, such action by the Interim Servicer (or special servicer) shall
be deemed to have been approved by both Lenders. If any such proposed action is disapproved by one Lender, the Interim Servicer
(or special servicer) shall propose an alternative action (based on any counter-proposals received from the non-consenting Lender,
to the extent such counter-proposal is consistent with Accepted Servicing Practices or, if no such counter-proposal is received,
then based on any alternate course of action (which may, in appropriate circumstances, such as responding to a request by Borrower,
be a refusal of consent to a proposed action) that the Interim Servicer or special servicer, as applicable, may deem appropriate)
until both Lenders agree to a decision.

 

Section
3.           Priority of Payments.

 

(a)          
Each Note shall be of equal priority, and no portion of any Note shall have priority or preference over any portion of any other
Note or security therefor. 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 Periodic 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 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) shall be applied by the Lead Securitization Note Holder (or its designee)
to the Notes on a Pro Rata and Pari Passu Basis; provided, that (x) all amounts for required reserves or escrows required
by the Mortgage Loan Documents to be held as reserves or escrows or received as reimbursements on account of recoveries in respect
of property protection expenses or Servicing Advances then due and payable or reimbursable to the Trustee or any Servicer under
the Lead Securitization Servicing Agreement shall be applied to the extent set forth in, and in accordance with the terms of,
the Mortgage Loan Documents; and (y) all amounts that are then due, payable or reimbursable to any Servicer, with respect to the
Mortgage Loan pursuant to the Lead Securitization Servicing Agreement and any other compensation payable to it thereunder (including
without limitation, any additional expenses of the Trust Fund relating to the Mortgage Loan (but subject to the second paragraph
of Section 5(d) hereof) reimbursable to, or payable by, such parties and any Special Servicing Fees, Liquidation Fees,
Workout Fees and Penalty Charges (to the extent provided in the immediately following paragraph) but excluding (i) any P&I
Advances (and interest thereon) on the Lead Securitization Note, which shall be reimbursed in accordance with Section 2(b)
hereof,

 

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and (ii) any Master Servicing Fees due to the Master Servicer in excess of the Non-Lead Securitization Note’s
pro rata share of that portion of such servicing fees calculated at the “primary servicing fee rate” applicable
to the Mortgage Loan as set forth in the Lead Securitization Servicing Agreement, which such excess shall not be subject to the
allocation provisions of this Section 3) shall be payable in accordance with the Lead Securitization Servicing Agreement.

 

For
clarification purposes, Penalty Charges paid on each Note shall first, be used to reduce, on a pro rata basis, the
amounts payable on each Note by the amount necessary to pay the Master Servicer, the Trustee or the Special Servicer for any interest
accrued on any Servicing Advances and reimbursement of any Servicing Advances in accordance with the terms of the Lead Securitization
Servicing Agreement, second, be used to reduce the respective amounts payable on each Note by the amount necessary to pay
the Master Servicer, Trustee, the Non-Lead Master Servicer or the Non-Lead Trustee for any interest accrued on any P&I Advance
made with respect to such Note by such party (if and as specified in the Lead Securitization Servicing Agreement or the Non-Lead
Securitization Servicing Agreement, as applicable), third, be used to reduce, on a pro rata basis, the amounts payable
on each Note by the amount necessary to pay additional expenses of the Trust Fund (other than Special Servicing Fees, unpaid Workout
Fees and Liquidation Fees) incurred with respect to the Mortgage Loan (as specified in the Lead Securitization Servicing Agreement)
and finally, shall be paid to the Master Servicer and the Special Servicer as additional servicing compensation as provided
in the Lead Securitization Servicing Agreement.

 

Any
proceeds received from the sale of the primary servicing rights with respect to the Mortgage Loan shall be remitted, promptly
upon receipt thereof, to the Note Holders on a Pro Rata and Pari Passu Basis. Any proceeds received by any Note Holder from the
sale of master servicing rights with respect to its Note shall be for its own account.

 

Section
4.           Workout. Notwithstanding anything
to the contrary contained herein, but subject to the terms and conditions of the Lead Securitization Servicing Agreement, and
the obligation to act in accordance with the Servicing Standard, if the Lead Securitization Note Holder, or any Servicer, in connection
with a workout or proposed workout of the Mortgage Loan, modifies the terms thereof such that (i) the principal balance of the
Mortgage Loan is decreased, (ii) the Interest Rate is reduced, (iii) payments of interest or principal on any Note are waived,
reduced or deferred or (iv) any other adjustment is made to any of the payment terms of the Mortgage Loan, such modification shall
not alter, and any modification of the Mortgage Loan Documents shall be structured to preserve, the equal priorities of each Note
as described in Section 3.

 

Section
5.           Administration of the Mortgage
Loan.

 

(a)          
Subject to this Agreement (including but not limited to Section 5(c)) and the Lead Securitization Servicing Agreement
and subject to the rights and consents, where required, of the Controlling Note Holder, the Lead Securitization Note Holder (or
the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead Securitization Note Holder) 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

 

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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 Non-Lead
Securitization Note Holder shall have any voting, consent or other rights whatsoever except as explicitly set forth herein with
respect to the Lead Securitization Note Holder’s administration of, or exercise of its rights and remedies with respect
to, the Mortgage Loan. Subject to this Agreement and the Lead Securitization Servicing Agreement, no Non-Lead Securitization Note
Holder shall have any right to, and each Non-Lead Securitization Note Holder hereby presently and irrevocably assigns and conveys
to the Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on behalf of the Lead
Securitization Note Holder) the rights, if any, that such Note Holder has to, (i) call or cause the Lead Securitization Note Holder
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 Note Holder to file any bankruptcy petition
against the Mortgage Loan Borrower. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee
acting on behalf of the Lead Securitization Note Holder) shall not have any fiduciary duty to any Non-Lead Securitization Note
Holder in connection with the administration of the Mortgage Loan (but the foregoing shall not relieve the Lead Securitization
Note Holder from the obligation to make any disbursement of funds as set forth herein or its obligation to follow the Servicing
Standard (in the case of the Master Servicer or the Special Servicer) or any liability for failure to do so).

 

Each
Note Holder hereby acknowledges the right and obligation of the Lead Securitization Note Holder (or the Special Servicer acting
on behalf of the Lead Securitization Note Holder), upon the Mortgage Loan becoming a Defaulted Loan to sell the Notes together
as notes evidencing one whole loan in accordance with the terms of the Lead Securitization Servicing Agreement and shall require
that all offers be submitted to the Special Servicer in writing. Whether any cash offer constitutes a fair price for the Mortgage
Loan shall be determined by the Special Servicer, if the highest offeror is a Person other than an Interested Person, and by the
Trustee, if the highest offeror is an Interested Person. Absent an offer at least equal to the Purchase Price, no offer from an
Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at least two other offers
are received from independent third parties. In determining whether any offer from an Interested Person received represents a
fair price for the Mortgage Loan, the Trustee shall rely on the most recent Appraisal (or update of such Appraisal) conducted
in accordance with the Lead Securitization Servicing Agreement within the preceding nine (9)-month period or, in the absence of
any such Appraisal, on a new Appraisal. In determining whether any such offer from a Person other than an Interested Person constitutes
a fair price for the Mortgage Loan, the Special Servicer shall take into account (in addition to the results of any Appraisal
or updated Appraisal or narrative appraisal that it may have obtained within the prior nine (9) months pursuant to the Lead Securitization
Servicing Agreement) among other factors, the period and amount of the occupancy level and physical condition of the Mortgaged
Property and the state of the local economy. In determining whether any offer received from an Interested Person represents a
fair price for any such Defaulted Loan, the Trustee shall rely on the most recent Appraisal (or update of such Appraisal) of the
related Mortgaged Property conducted in accordance with this Agreement within the preceding nine (9) month period or, in the absence
of any such Appraisal, on a new Appraisal. Except as provided in the following paragraph, the cost of any Appraisal will be covered
by, and will be reimbursable as, a Servicing Advance by the Master Servicer. Notwithstanding the foregoing, the Lead Securitization
Note Holder (or the Special Servicer acting

 

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on behalf of the Lead Securitization Note Holder) shall not be permitted to sell the
Mortgage Loan without the written consent of each Non-Lead Securitization Note Holder (provided that such consent is not required
if the related Non-Lead Securitization Note is held by a Borrower Party) unless the Special Servicer has delivered to such Non-Lead
Securitization Note Holder: (a) at least fifteen (15) Business Days prior written notice of any decision to attempt to sell the
Mortgage Loan; (b) at least ten (10) days prior to the proposed sale date, a copy of each bid package (together with any amendments
to such bid packages) received by the Special Servicer in connection with any such proposed sale, (c) at least ten (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 such Non-Lead Securitization Note Holder that are material to the sale price of the Mortgage Loan and
(d) until the sale is completed, and a reasonable period of time (but no less time than is afforded to other offerors and the
Lead Securitization Note Holder 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 Master Servicer or the Special Servicer in connection
with the proposed sale; provided, however, that such Non-Lead Securitization Note Holder may waive any delivery
or timing requirements set forth in this sentence only for itself. Subject to the foregoing, each of the Controlling Note Holder,
the Controlling Note Holder Representative, the Non-Controlling Note Holders and the Non-Controlling Note Holder Representatives
shall be permitted to submit an offer at any sale of the Mortgage Loan (unless such Person is a Borrower Party).

 

Notwithstanding
anything contained in the preceding paragraph to the contrary, if the Trustee is required to determine whether a cash offer by
an Interested Person constitutes a fair price, the Trustee may (at its option and at the expense of the offering Interested Person
purchaser) designate an independent third party expert in real estate or commercial mortgage loan matters with at least five (5)
years’ experience in valuing loans similar to the Mortgage Loan, that has been selected with reasonable care by the Trustee
to determine if such cash offer constitutes a fair price for the Mortgage Loan. If the Trustee designates such third party to
make such determination, the Trustee shall be entitled to rely conclusively upon such third party’s determination. The reasonable
fees of, and the costs of all appraisals, inspection reports and broker opinions of value incurred by any such third party shall
be covered by, and shall be reimbursable, from the offering Interested Person.

 

Each
Non-Lead Securitization Note Holder hereby appoints the Lead Securitization Note Holder as its agent, and grants to the Lead Securitization
Note Holder an irrevocable power of attorney coupled with an interest, and its proxy, for the purpose of soliciting and accepting
offers for and consummating the sale of the related Non-Lead Securitization Note. Each Non-Lead Securitization Note Holder further
agrees that, upon the request of the Lead Securitization Note Holder, such Non-Lead Securitization Note Holder shall execute and
deliver to or at the direction of Lead Securitization Note Holder such powers of attorney or other instruments as the Lead Securitization
Note Holder may reasonably request to better assure and evidence the foregoing appointment and grant, in each case promptly following
request, and shall deliver the original related Non-Lead Securitization Note, endorsed in blank, to or at the direction of the
Lead Securitization Note Holder in connection with the consummation of any such sale.

 

The
authority of the Lead Securitization Note Holder to sell the Non-Lead Securitization Notes, and the obligations of the Non-Lead
Securitization Note Holders to execute

 

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and deliver instruments or deliver the Non-Lead Securitization Notes upon request of the
Lead Securitization Note Holder, 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 Initial Note Holder from the trust fund established under the Lead Securitization
Servicing Agreement in connection with a material breach of representation or warranty made by such Initial Note Holder with respect
to the Lead Securitization Note or material document defect with respect to the documents delivered by the related Initial Note
Holder with respect to the Lead Securitization Note upon the consummation of the Lead Securitization. The preceding sentence shall
not be construed to grant to a Non-Lead Securitization Note Holder the benefit of any representation or warranty made by such
Initial Note Holder or any document delivery obligation imposed on such Initial Note Holder under any mortgage loan purchase and
sale agreement, instrument of transfer or other document or instrument that may be executed or delivered by such Initial Note
Holder in connection with the Lead Securitization.

 

(b)          
The administration of the Mortgage Loan shall be governed by this Agreement and the Lead Securitization Servicing Agreement. The
servicing of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage
Loan (or to the extent otherwise provided in the Lead Securitization Servicing Agreement), by the Special Servicer, in each case
pursuant to the Lead Securitization Servicing Agreement. Notwithstanding anything to the contrary contained herein, in accordance
with the Lead Securitization Servicing Agreement, the Lead Securitization Note Holder 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 Note Holder. The Note Holders agree to be bound by the terms of the Lead Securitization Servicing Agreement.
All rights and obligations of the Lead Securitization Note Holder described hereunder may be exercised by the Master Servicer,
the Special Servicer, the Certificate Administrator or the Trustee on behalf of the Lead Securitization Note Holder. The Lead
Securitization Servicing Agreement shall not be amended in any manner that may materially and adversely affect any Non-Lead Securitization
Note Holder in its capacity as a Non-Lead Securitization Note Holder without such Non-Lead Securitization Note Holder’s
prior written consent. Each Non-Lead Securitization Note Holder (unless it is a Borrower Party) shall be a third-party beneficiary
to the Lead Securitization Servicing Agreement with respect to its rights as specifically provided for therein.

 

(c)          
Notwithstanding the foregoing, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on
its behalf) shall be required (i) to provide copies of any notice, information and report that it is required to provide to
the Lead Securitization Note Holder Representative pursuant to the Lead Securitization Servicing Agreement (for this purpose,
without regard to whether such items are actually required to be provided to the Lead Securitization Note Holder
Representative under the Lead Securitization Servicing Agreement due to the occurrence of a Control Termination Event or a
Consultation Termination Event or
effectively equivalent period) with respect to any Major Decision or the implementation of any recommended actions outlined in
an Asset Status Report relating to the Mortgage Loan, to a Non-Lead Securitization Note Holder (or its Non-Lead Securitization
Note Holder Representative), within the same time frame it is required to provide to the Lead Securitization Note Holder Representative
(for this purpose, without regard to whether such items are actually required to be provided to the Lead Securitization Note Holder
Representative under the Lead Securitization Servicing Agreement due to the occurrence of a Control Termination Event or a Consultation
Termination

 

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 Event or effectively equivalent period, but subject to any limitations in the Lead Securitization Servicing Agreement
regarding providing such information to the Mortgage Loan Borrower or those who have certain relationships with the Mortgage Loan
Borrower) and (ii) to consult with each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) on a strictly
non-binding basis, to the extent having received such notices, information and reports, such Non-Controlling Note Holder (or its
Non-Controlling Note Holder Representative) requests consultation with respect to any such Major Decision or the implementation
of any recommended actions outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions
recommended by such Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative); provided that after
the expiration of a period of ten (10) Business Days from the delivery to such Non-Controlling Note Holder (or its Non-Controlling
Note Holder Representative) by the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting on its
behalf) of written notice of a proposed action, together with copies of the notice, information and report required to be provided
to the Lead Securitization Note Holder Representative, the Lead Securitization Note Holder (or the Master Servicer or the Special
Servicer acting on its behalf) shall no longer be obligated to consult with such Non-Controlling Note Holder (or its Non-Controlling
Note Holder Representative) (unless, the Lead Securitization Note Holder (or the Master Servicer or the Special Servicer acting
on its behalf) 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). Notwithstanding the consultation rights of each Non-Controlling Note Holder (or its Non-Controlling Note Holder
Representative) set forth in the immediately preceding sentence, the Lead Securitization Note Holder (or Master Servicer or Special
Servicer, acting on its behalf) may make any Major Decision or any action set forth in the Asset Status Report before the expiration
of the aforementioned ten (10) Business Day period if the Lead Securitization Note Holder (or Master Servicer or Special Servicer,
as applicable) determines that immediate action with respect thereto is necessary to protect the interests of the Note Holders.
In no event shall the Lead Securitization Note Holder (or Master Servicer or Special Servicer, acting on its behalf) be obligated
at any time to follow or take any alternative actions recommended by a Non-Controlling Note Holder (or its Non-Controlling Note
Holder Representative).

 

In
addition to the consultation rights of each Non-Controlling Note Holder (or its Non-Controlling Note Holder Representative) provided
in the immediately preceding paragraph, each Non-Controlling Note Holder shall have the right to attend (in person or telephonically,
in the discretion of the Master Servicer or Special Servicer, as applicable) annual meetings with the Lead Securitization Note
Holder (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.

 

(d)          
If any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning
of Section 860D(a) of the Code, then, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage Loan
shall be administered such that the Notes shall 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 Note Holders pursuant to a foreclosure, exercise of a power of sale

 

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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 interest of
the pro rata share of each Note Holder 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 Note Holders 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 (3) months after the startup day of the REMIC which includes the Notes (or any portion
thereof). Each Note Holder agrees that the provisions of this paragraph shall be effected by compliance with any REMIC provisions
in the Lead Securitization Servicing Agreement relating to the administration of the Mortgage Loan.

 

Anything
herein or in the Lead Securitization Servicing Agreement to the contrary notwithstanding, if one of the Notes is included in a
REMIC and the other is not, such other Note Holder shall not be required to reimburse such Note Holder 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 the
other Note Holder be reduced to offset or make-up any such payment or deficit.

 

Section
6.           Rights of the Controlling Note
Holder and Non-Controlling Note Holders.

 

(a)          
The Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its
rights and obligations with respect to the Mortgage Loan (the “Controlling Note Holder Representative”). The
Controlling Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the
Controlling Note Holder Representative. When exercising its various rights under Section 5 and elsewhere in this Agreement,
the Controlling Note Holder may, at its option, in each case, act through the Controlling Note Holder Representative. The Controlling
Note Holder Representative may be any Person (other than a Borrower Party), including, without limitation, the Controlling Note
Holder, any officer or employee of the Controlling Note Holder, any Affiliate of the Controlling Note Holder or any other unrelated
third party. No such Controlling Note Holder Representative shall owe any fiduciary duty or other duty to any other Person (other
than the Controlling Note Holder). All actions that are permitted to be taken by the Controlling Note Holder under this Agreement
may be taken by the Controlling Note Holder Representative acting on behalf of the Controlling Note Holder. No Servicer, Certificate
Administrator or Trustee acting on behalf of the Lead Securitization Note Holder shall be required to recognize any Person as
a Controlling Note Holder Representative until the Controlling Note Holder has notified each Servicer, Certificate Administrator
and Trustee of such appointment and, if the Controlling Note Holder Representative is not the same Person as the Controlling Note
Holder, the Controlling Note Holder Representative provides each Servicer, Certificate Administrator and Trustee with written
confirmation of its acceptance of such appointment (and such parties will be entitled to rely on such notice), an address and
facsimile number for the delivery of notices and other correspondence

 

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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 and facsimile numbers). The Controlling
Note Holder shall promptly deliver such information to any Servicer, Certificate Administrator and Trustee. None of the Servicers,
Certificate Administrator and Trustee shall be required to recognize any person as a Controlling Note Holder Representative until
they receive such information from the Controlling Note Holder. The Controlling Note Holder agrees to inform each such Servicer
or Trustee of the then-current Controlling Note Holder Representative.

 

Neither
the Controlling Note Holder Representative nor the Controlling Note Holder, in such capacity, will have any liability to the other
Note Holders or any other Person for any action taken, or for refraining from the taking of any action or the giving of any consent
or the failure to give any consent pursuant to this Agreement or the Lead Securitization Servicing Agreement, or errors in judgment,
absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith, gross negligence or breach of
this Agreement. The Note Holders agree that the Controlling Note Holder Representative and the Controlling Note Holder (whether
acting in place of the Controlling Note Holder Representative when no Controlling Note Holder Representative shall have been appointed
hereunder or otherwise exercising any right, power or privilege granted to the Controlling Note Holder hereunder) may take or
refrain from taking actions, or give or refrain from giving consents, that favor the interests of one Note Holder over the other
Note Holder, and that the Controlling Note Holder Representative or Controlling Note Holder may have special relationships and
interests that conflict with the interests of other Note Holders and, absent willful misfeasance, bad faith, gross negligence
or breach of this Agreement on the part of the Controlling Note Holder Representative or the Controlling Note Holder, as the case
may be, acting in such capacity, agree to take no action against the Controlling Note Holder Representative, the Controlling Note
Holder 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 Note Holder Representative nor the Controlling Note Holder 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, or having given any consent or having failed
to give any consent, solely in the interests of any Note Holder.

 

(b)          
Each Non-Controlling Note Holder shall have the right at any time to appoint a representative (other than a Borrower Party) in
connection with the exercise of its rights and obligations with respect to the Mortgage Loan (with respect to such Note Holder,
the “Non-Controlling Note Holder Representative”). All of the provisions relating to the Controlling Note Holder
and the Controlling Note Holder Representative set forth in Section 6(a) shall apply to each Non-Controlling Note
Holder and its Non-Controlling Note Holder Representative mutatis mutandis.

 

Each
Non-Controlling Note Holder (if it is not the Lead Securitization Note Holder) shall provide notice of its identity and contact
information (including any change thereof) to the Trustee, Certificate Administrator, the Master Servicer and the Special Servicer;
provided, that each Initial Note Holder shall be deemed to have provided such notice on the date hereof. The Trustee, Certificate
Administrator, the Master Servicer and the Special Servicer under the Lead Securitization Servicing Agreement shall be entitled
to conclusively rely on such identity and contact information received by it and shall not be liable in respect of any deliveries
hereunder

 

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sent in reliance thereon. The Non-Controlling Note Holder Representative with respect to the Non-Controlling Note, as
of the date of this Agreement and until the Lead Securitization Note Holder (and the Master Servicer and the Special Servicer)
is notified otherwise, shall be the Initial Note A-2 Holder.

 

(c)          
The Controlling Note Holder shall be entitled to exercise the rights and powers granted to the Controlling Note Holder hereunder
and the rights and powers granted to the “Directing Holder”, “Controlling Class Certificateholder”, “Controlling
Class Representative” or similar party under, and as defined in, the Lead Securitization Servicing Agreement with respect
to the Mortgage Loan. In addition, the Controlling Note Holder shall be entitled to advise (1) the Special Servicer with respect
to all matters related to the Mortgage Loan if it is a “Specially Serviced Loan” (as defined in the Lead Securitization
Servicing Agreement) and (2) the Special Servicer with respect to all matters for which the Master Servicer must obtain the consent
or deemed consent of the Special Servicer, and, except as set forth below, (i) the Master Servicer shall not be permitted to implement
any Major Decision unless it has obtained the prior written consent of the Special Servicer and (ii) the Special Servicer shall
not be permitted to consent to the Master Servicer’s implementing any Major Decision nor will the Special Servicer itself
be permitted to implement any Major Decision as to which the Controlling Note Holder has objected in writing within ten (10) Business
Days after receipt of the written recommendation and analysis and such additional information requested by the Controlling Note
Holder, and reasonably available to the Special Servicer, as may be necessary in order to make a judgment with respect to such
Major Decision. The Controlling Note Holder may also direct the Special Servicer to take, or to refrain from taking, such other
actions with respect to the Mortgage Loan as the Controlling Note Holder may deem advisable.

 

If
the Controlling Note Holder fails to notify the Special Servicer of its approval or disapproval of any proposed Major Decision
within ten (10) Business Days after delivery to the Controlling Note Holder by the applicable Servicer of written notice of a
proposed Major Decision together with any information requested by the Controlling Note Holder as may be necessary in the reasonable
judgment of the Controlling Note Holder in order to make a judgment, then upon the expiration of such ten (10) Business Day period,
such Major Decision shall be deemed to have been approved by the Controlling Note Holder.

 

In
the event that the Special Servicer or Master Servicer (in the event the Master Servicer is otherwise authorized by the Lead Securitization
Servicing Agreement to take such action), as applicable, determines that immediate action, with respect to the foregoing matters,
or any other matter requiring consent of the Controlling Note Holder is necessary to protect the interests of the Note Holders
(as a collective whole) and the Special Servicer has made a reasonable effort to contact the Controlling Note Holder, the Master
Servicer or the Special Servicer, as the case may be, may take any such action without waiting for the Controlling Note Holder’s
response.

 

No
objection, consent, direction or advice contemplated by the preceding paragraphs may, and neither the Master Servicer nor Special
Servicer shall take any action that would (i) require or cause the Master Servicer or the Special Servicer, as applicable, to
violate any provision of the Mortgage Loan Documents, applicable law, the Lead Securitization Servicing Agreement, this Agreement,
the REMIC Provisions or the Master Servicer or Special Servicer’s obligation to act in accordance with the Servicing Standard
or (ii) result in the imposition of a tax

 

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on any Trust REMIC under the REMIC Provisions or cause any REMIC Pool to fail to qualify
as a REMIC or cause the Grantor Trust to fail to qualify as a grantor trust under subpart E, part I of subchapter J of the Code
for federal income tax purposes, (iii) expose the Master Servicer, the Special Servicer, the Certificate Administrator, the Operating
Advisor, the Depositor, the Asset Representations Reviewer, the Trust or the Trustee or any of their respective Affiliates, officers,
directors, shareholders, partners, members, managers, employees or agents to any claim, suit, or liability for which this Agreement
or the Lead Securitization Servicing Agreement does not provide indemnification to such party or expose any such party to prosecution
for a criminal offense, (iv) materially expand the scope of responsibilities of any of the Master Servicer, Special Servicer,
the Certificate Administrator, the Asset Representations Reviewer, the Trustee or the Operating Advisor, as applicable, under
this Agreement or the Lead Securitization Servicing Agreement.

 

Section
7.           Appointment of Special Servicer.
Subject to the conditions and requirements set forth in the Lead Securitization Servicing Agreement, the Controlling Note Holder
shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with
respect to the Mortgage Loan and appoint a replacement Special Servicer in lieu thereof. Any designation by the Controlling Note
Holder (or its Controlling Note Holder Representative) of a Person to serve as Special Servicer shall be made by delivering to
the other Note Holder, the Master Servicer, the then existing Special Servicer and other parties to the Lead Securitization Servicing
Agreement a written notice stating such designation and satisfying the other conditions to such replacement as set forth in the
Lead Securitization Servicing Agreement (including, without limitation, a Rating Agency Confirmation, but only if required by
the terms of the Lead Securitization Servicing Agreement), and delivering to each Non-Controlling Note Holder a Rating Agency
Confirmation with respect to any rated securities issued and outstanding under the related Securitization if such replacement
Special Servicer does not meet the Required Special Servicer Rating with respect to those Rating Agencies rating the securities
of any Securitization related to a Non-Controlling Note Holder. The Controlling Note Holder shall be solely responsible for any
expenses incurred in connection with any such replacement without cause. The Controlling Note Holder shall notify the Non-Controlling
Note Holders of its termination of the then currently serving Special Servicer and its appointment of a replacement Special Servicer
in accordance with this Section 7. If the Controlling Note Holder has not appointed a Special Servicer with respect
to the Mortgage Loan as of the consummation of the securitization under the Lead Securitization Servicing Agreement, then the
initial Special Servicer designated in the Lead Securitization Servicing Agreement shall serve as the initial Special Servicer
but this shall not limit the right of the Controlling Note Holder (or its Controlling Note Holder Representative) to designate
a replacement Special Servicer for the Mortgage Loan as aforesaid. If a Servicer Termination Event on the part of the Special
Servicer has occurred that affects a Non-Controlling Note Holder, such Non-Controlling Note Holder shall have the right to direct
the Trustee (or at any time that the Mortgage Loan is no longer included in a Securitization Trust, the Controlling Note Holder)
to terminate the Special Servicer under the Lead Securitization Servicing Agreement solely with respect to the Mortgage Loan pursuant
to and in accordance with the terms of the Lead Securitization Servicing Agreement. The Note Holders acknowledge and agree that
any successor special servicer appointed to replace the Special Servicer with respect to the Mortgage Loan that was terminated
for cause at a Non-Controlling Note Holder’s direction cannot at any time be the person (or an Affiliate thereof) that was
so terminated without the prior written consent of such Non-Controlling Note Holder. The Non-Controlling Note Holder that 

 

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directs the Trustee (or at any time
that the Mortgage Loan is no longer included in a Securitization Trust,
the Controlling Note Holder) to terminate the Special Servicer shall be solely responsible for reimbursing the
Trustee’s or the Controlling Note Holder’s, as applicable, costs and expenses, if not paid within a reasonable
time by the terminated special servicer and, in the case of the Trustee, that would otherwise be reimbursed to the Trustee
from amounts on deposit in the Collection Account under the Lead Securitization Servicing Agreement.

 

Section
8.           Payment Procedure.

 

(a)          
The Lead Securitization Note Holder (or the Master Servicer acting on its behalf), in accordance with the priorities set forth
in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be
deposited all payments allocable to the Notes to the Collection Account and/or Companion Distribution Account pursuant to and
in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer acting
on its behalf) shall deposit such amounts to the applicable account within two (2) Business Days after receipt by it of properly
identified funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the
Mortgage Loan Borrower.

 

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

 

(c)          
If, for any reason, the Lead Securitization Note Holder makes any payment to a Non-Lead Securitization Note Holder before the
Lead Securitization Note Holder has received the corresponding payment (it being understood that the Lead Securitization Note
Holder is under no obligation to do so), and the Lead Securitization Note Holder does not receive the corresponding payment within
five (5) Business Days of its payment to such Non-Lead Securitization Note Holder, such Non-Lead Securitization Note Holder shall,
at the Lead Securitization Note Holder’s request, promptly return that payment to the Lead Securitization Note Holder.

 

(d)          
Each Note Holder 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 shall promptly remit such excess to the applicable Note Holder, subject
to this Agreement and the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder shall have the right to
offset any amounts due hereunder from a Non-Lead Securitization Note Holder with respect to the Mortgage Loan against any future
payments due to such Non-Lead

 

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Securitization Note Holder under the Mortgage Loan. A Non-Lead Securitization Note Holder’s
obligations under this Section 8 constitute absolute, unconditional and continuing obligations.

 

Section
9.           Limitation on Liability of the
Note Holders. Each Note Holder shall have no liability to any other Note Holder with respect to its Note except with respect
to losses actually suffered due to the gross negligence, willful misconduct or breach of this Agreement on the part of such Note
Holder; provided, that, notwithstanding any of the foregoing to the contrary, each Servicer will nevertheless be subject
to the obligations and standards (including the Servicing Standard) set forth in the related Securitization Servicing Agreement.

 

The
Note Holders acknowledge that, subject to the obligation of the Lead Securitization Note Holder (including any Servicer and the
Trustee) to comply with, and except as otherwise required by, the Servicing Standard, the Lead Securitization Note Holder (including
any Servicer and the Trustee) may exercise, or omit to exercise, any rights that the Lead Securitization Note Holder may have
under the Lead Securitization Servicing Agreement in a manner that may be adverse to the interests of any Non-Lead Securitization
Note Holder and that the Lead Securitization Note Holder (including any Servicer and the Trustee) shall have no liability whatsoever
to any Non-Lead Securitization Note Holder in connection with such Lead Securitization Note Holder’s exercise of rights
or any omission by the Lead Securitization Note Holder to exercise such rights other than as described above; provided,
however, that the Servicer must act in accordance with the Servicing Standard.

 

Section
10.            Bankruptcy. Subject to Section 5(c),
each Note Holder hereby covenants and agrees that only the Lead Securitization Note Holder 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. Each Note Holder further agrees that only the Lead Securitization Note Holder, and not any Non-Lead Securitization
Note Holder, 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. The Note Holders hereby appoint the Lead Securitization Note Holder as their agent, and grant to the Lead Securitization
Note Holder 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 a Non-Lead Securitization Note Holder 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. Each Non-Lead Securitization Note Holder hereby agrees that, upon the request of the Lead Securitization
Note Holder, such Non-Lead Securitization Note Holder shall execute, acknowledge and deliver to the Lead Securitization Note Holder
all and every such further deeds, conveyances and instruments as the Lead Securitization Note Holder may reasonably request for
the better assuring and evidencing of the foregoing appointment and grant. All actions taken by

 

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the Servicer in connection with
any Insolvency Proceeding are subject to and must be in accordance with the Servicing Standard.

 

Section
11.            Representations of the Note Holders. Each Note Holder
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 Note Holder’s charter or any law or contractual
restriction binding upon such Note Holder, and that this Agreement is the legal, valid and binding obligation of such Note Holder
enforceable against such Note Holder 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 Note Holder represents and warrants that it is duly organized, validly existing, in good standing and in possession of all
licenses and authorizations necessary to carry on its business. Each Note Holder represents and warrants that (a) this Agreement
has been duly executed and delivered by such Note Holder, (b) to such Note Holder’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 Note Holder have been obtained or made and (c) to such Note Holder’s actual knowledge,
there is no pending action, suit or proceeding, arbitration or governmental investigation against such Note Holder, an adverse
outcome of which would materially and adversely affect its performance under this Agreement.

 

Section
12.            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 the Note Holders as a partnership, association, joint venture or other entity. The Lead Securitization Note Holder
shall have no obligation whatsoever to offer to any Non-Lead Securitization Note Holder the opportunity to purchase a participation
interest in any future loans originated by the Lead Securitization Note Holder or its Affiliates and if the Lead Securitization
Note Holder chooses to offer to a Non-Lead Securitization Note Holder the opportunity to purchase a participation interest in
any future mortgage loans originated by the Lead Securitization Note Holder or its Affiliates, such offer shall be at such purchase
price and interest rate as the Lead Securitization Note Holder chooses, in its sole and absolute discretion. No Non-Lead Securitization
Note Holder shall have any obligation whatsoever to purchase from the Lead Securitization Note Holder a participation interest
in any future loans originated by the Lead Securitization Note Holder or its Affiliates.

 

Section
13.            Other Business Activities of the Note Holders. Each
Note Holder acknowledges that the other Note Holder or its Affiliates may make loans or otherwise extend credit to, and generally
engage in any kind of business with, a Borrower Party, any entity that is a holder of debt secured by direct or indirect ownership
interests in the Mortgage Loan Borrower or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower,
and receive payments on such other loans or extensions of credit to any such party 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.

 

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Section
14.            Sale of the Notes.

 

(a)          
Except as contemplated by the second following sentence, each Note Holder agrees that it will not sell, assign, transfer, pledge,
syndicate, hypothecate, contribute, encumber or otherwise dispose of all or any portion of its respective Note (a “Transfer”)
except to a Qualified Institutional Lender in accordance with the terms of this Agreement. Promptly after the Transfer (other
than a Transfer to a Securitization Trust), the non-transferring Note Holder(s) shall be provided with (x) a representation from
a transferee or the applicable Note Holder certifying that such transferee is a Qualified Institutional Lender (except in the
case of a Transfer in accordance with the immediately following sentence) and (y) a copy of the assignment and assumption agreement
referred to in Section 15. If a Note Holder intends to Transfer its respective Note, or any portion thereof, to an
entity that is not a Qualified Institutional Lender, it must first (a) obtain the consent of each non-transferring Note Holder
and (b) if such non-transferring Note Holder’s Note is held in a Securitization Trust, obtain a Rating Agency Confirmation
from each Rating Agency then rating the securities of such Securitization Trust. Notwithstanding the foregoing, without the non-transferring
Note Holder’s prior consent (which will not be unreasonably withheld), and, if such non-transferring Note Holder’s
Note is held in a Securitization Trust, until a Rating Agency Confirmation is obtained, no Note Holder shall Transfer all or any
portion of its Note (or a participation interest in such Note) to a Borrower Party and any such Transfer made without the prior
consent of the non-transferring Note Holder and Rating Agency Confirmation (if such non-transferring Note Holder’s Note
is held in a Securitization Trust), shall be absolutely null and void and shall vest no rights in the purported transferee; provided
that for the avoidance of doubt, transfers of any securities backed by a Note held in a Securitization Trust will not be subject
to the foregoing requirement and such transfers shall be governed by the terms of the Lead Securitization Servicing Agreement
or any related Non-Lead Securitization Servicing Agreement, as applicable. The transferring Note Holder agrees that it shall pay
the expenses of the non-transferring Note Holder (including all expenses of the Master Servicer, the Special Servicer, the Trustee
and any Controlling Note Holder or Controlling Note Holder Representative) and all expenses relating to any Rating Agency Confirmation
in connection with any such Transfer. Notwithstanding the foregoing, each Note Holder shall have the right, without the need to
obtain the consent of the other Note Holder or of any other Person or having to provide any Rating Agency Confirmation, to Transfer
forty-nine percent (49%) or less (in the aggregate) of its beneficial interest in a Note. None of the provisions of this Section 14(a)
shall apply in the case of (1) a sale of all of the Notes together, in accordance with the terms and conditions of the Lead
Securitization Servicing Agreement or (2) a transfer by the Special Servicer, in accordance with the terms and conditions of the
Lead Securitization Servicing Agreement, of the Mortgage Loan or the Mortgaged Property, upon the Mortgage Loan becoming a Defaulted
Loan to a single member limited liability or limited partnership, one hundred percent (100%) of the equity interest in which is
owned directly or indirectly, through one or more single member limited liability companies or limited partnerships, by the Lead
Securitization Trust.

 

(b)          
In the case of any Transfer of a participation interest in any of the Notes, (i) the respective Note Holders’ obligations
under this Agreement shall remain unchanged, (ii) such Note Holders shall remain solely responsible for the performance of such
obligations, and (iii) the Lead Securitization Note Holder and any Persons acting on its behalf shall continue to deal solely
and directly with such Note Holder in connection with such Note Holder’s rights and obligations

 

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under this Agreement and
the Lead Securitization Servicing Agreement, and all amounts payable hereunder shall be determined as if such Note Holder had
not sold such participation interest.

 

(c)          
Notwithstanding any other provision hereof, any Note Holder may pledge (a “Pledge”) its Note to any entity
(other than a Borrower Party) which has extended a credit facility to such Note Holder 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 (or, if not rated by an applicable Rating Agency, an equivalent or higher rating from any two of Fitch,
Moody’s and S&P) (a “Note Pledgee”), on terms and conditions set forth in this Section 14(c),
it being further agreed that a financing provided by a Note Pledgee to a Note Holder or any person which Controls such Note that
is secured by its Note and is structured as a repurchase arrangement, shall qualify as a “Pledge” hereunder, provided
that a Note Pledgee that is not a Qualified Institutional Lender may not take title to the pledged Note without a Rating Agency
Confirmation. Upon written notice by the applicable Note Holder to any other Note Holder and any Servicer that a Pledge has been
effected (including the name and address of the applicable Note Pledgee), such other Note Holder agrees to acknowledge receipt
of such notice and thereafter agrees: (i) to give Note Pledgee written notice of any default by the pledging Note Holder in respect
of its obligations under this Agreement of which default such Note Holder has actual knowledge; (ii) to allow such Note Pledgee
a period of ten (10) days to cure a default by the pledging Note Holder in respect of its obligations to any other Note Holder
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 Note Holder shall give to such
Note Pledgee copies of any notice of default under this Agreement simultaneously with the giving of same to the pledging Note
Holder; (v) that such other Note Holder 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 Note Holder; and
(vi) that, upon written notice (a “Redirection Notice”) to the other Note Holders and any Servicer by such
Note Pledgee that the pledging Note Holder is in default, beyond any applicable cure periods, under the pledging Note Holder’s
obligations to such Note Pledgee pursuant to the applicable credit agreement between the pledging Note Holder and such Note Pledgee
(which notice need not be joined in or confirmed by the pledging Note Holder), and until such Redirection Notice is withdrawn
or rescinded by such Note Pledgee, Note Pledgee shall be entitled to receive any payments that any Note Holder or Servicer would
otherwise be obligated to pay to the pledging Note Holder from time to time pursuant to this Agreement or the Lead Securitization
Servicing Agreement. Any pledging Note Holder hereby unconditionally and absolutely releases the other Note Holders and any Servicer
from any liability to the pledging Note Holder on account of such other Note Holder’s or Servicer’s compliance with
any Redirection Notice believed by any Servicer or such other Note Holder to have been delivered by a Note Pledgee. A Note Pledgee
shall be permitted to exercise fully its rights and remedies against the pledging Note Holder 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 Note Holders and any Servicer shall recognize such Note Pledgee (and any transferee other than a Borrower Party that 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 Note Holder’s rights, remedies and obligations under this
Agreement, and any such Note Pledgee or Qualified Institutional Lender

 

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shall assume in writing the obligations of the pledging
Note Holder 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 14(c)
shall remain effective as to any Note Holder (and any Servicer) unless and until such Note Pledgee shall have notified any
such Note Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

 

(d)          
Notwithstanding any provisions herein to the contrary, if a conduit (“Conduit”) which is not a Qualified Institutional
Lender provides financing to a Note Holder then such Note Holder 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 Note Holder to finance the acquisition
and holding of its Note requires a third party (the “Conduit Credit Enhancer”) to provide credit enhancement;

 

(ii)          
The Conduit Credit Enhancer is a Qualified Institutional Lender;

 

(iii)          
Such Note Holder pledges its interest in its Note to the Conduit as collateral for the Conduit Inventory Loan;

 

(iv)          
The Conduit Credit Enhancer and the Conduit agree that, if such Note Holder 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 Note Holder, the Conduit Credit
Enhancer will purchase the Conduit Inventory Loan from the Conduit, and the Conduit will assign the pledge of such Note Holder’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 a Rating Agency Confirmation
from each Rating Agency have any greater right to acquire the interests in the Note pledged by such Note Holder, 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
15.            Registration of the Notes and Each Note Holder. 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 this Section 15,
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. Upon request of a Note Holder, the Agent shall provide such
party with the names and addresses of the other Note Holder. To the extent the Trustee or another party is appointed as Agent
hereunder, each Note Holder hereby designates such person as its agent under this Section 15 solely for purposes of
maintaining the Note Register.

 

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In
connection with any Transfer of a Note (but excluding any Pledgee unless and until it realizes on its Pledge), a transferee shall
execute an assignment and assumption agreement (unless the transferee is a Securitization Trust and the related pooling
and servicing agreement requires the parties thereto to comply with this Agreement), whereby such transferee assumes all of the
obligations of the applicable Note Holder hereunder with respect to such Note thereafter accruing and agrees to be bound by the
terms of this Agreement, including the applicable restriction on Transfers set forth in Section 14, from and after
the date of such assignment. No transfer of a Note may be made unless it is registered on the Note Register, and the Agent shall
not recognize any attempted or purported transfer of any Note in violation of the provisions of Section 14 and this
Section 15. Any such purported transfer shall be absolutely null and void and shall vest no rights in the purported
transferee. Each Note Holder desiring to effect such transfer shall, and does hereby agree to, indemnify the Agent and the other
Note Holders against any liability that may result if the transfer is not made in accordance with the provisions of this Agreement.

 

Section
16.            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 OBLIGATIONS 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
17.            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

 

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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
18.            Modifications. This Agreement shall not be modified,
cancelled or terminated except by an instrument in writing signed by each Note Holder. Additionally, for as long as any Note is
contained in a Securitization Trust, the Note Holders shall not amend or modify this Agreement without first obtaining a Rating
Agency Confirmation from each Rating Agency then rating any securities of any Securitization; provided that no such Rating
Agency Confirmation shall be required in connection with a modification (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 Lead Securitization Servicing
Agreement, or (ii) with respect to matters or questions arising under this Agreement, to make provisions in this Agreement consistent
with other provisions of this Agreement (including, without limitation, in connection with the creation of New Notes pursuant
to Section 32).

 

Section
19.            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 assigns.
Except as provided herein, including without limitation, with respect to the Trustee, Certificate Administrator, Master Servicer
and Special Servicer and the Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee, 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 14 and
Section 15, each Note Holder 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 Note Holder hereunder.

 

Section
20.            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
21.            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
22.            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.

 

    -43-

     

    

 

Section
23.            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.

 

Section
24.            Withholding Taxes. (a) If the Lead Securitization
Note Holder or the Mortgage Loan Borrower shall be required by law to deduct and withhold Taxes from interest, fees or other amounts
payable to a Non-Lead Securitization Note Holder with respect to the Mortgage Loan as a result of such Non-Lead Securitization
Note Holder constituting a Non-Exempt Person, the Lead Securitization Note Holder, in its capacity as servicer, shall be entitled
to do so with respect to such Non-Lead Securitization Note Holder’s interest in such payment (all withheld amounts being
deemed paid to such Note Holder), provided that the Lead Securitization Note Holder shall furnish such Non-Lead Securitization
Note Holder 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 Note Holder to seek any allowable credits or deductions for the Taxes so withheld
in each jurisdiction in which such Note Holder is subject to tax.

 

(b)          
Each Non-Lead Securitization Note Holder shall and hereby agrees to indemnify the Lead Securitization Note Holder against and
hold the Lead Securitization Note Holder harmless from and against any Taxes, interest, penalties and attorneys’ fees and
disbursements arising or resulting from any failure of the Lead Securitization Note Holder to withhold Taxes from payment made
such Non-Lead Securitization Note Holder in reliance upon any representation, certificate, statement, document or instrument made
or provided by such Non-Lead Securitization Note Holder to the Lead Securitization Note Holder in connection with the obligation
of the Lead Securitization Note Holder to withhold Taxes from payments made to such Non-Lead Securitization Note Holder, it being
expressly understood and agreed that (i) the Lead Securitization Note Holder 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 Non-Lead Securitization Note Holder, upon request of the Lead Securitization
Note Holder and at its sole cost and expense, shall defend any claim or action relating to the foregoing indemnification using
counsel selected by the Lead Securitization Note Holder.

 

(c)          
Each Non-Lead Securitization Note Holder represents to the Lead Securitization Note Holder (for the benefit of the Mortgage Loan
Borrower) that it is not a Non-Exempt Person and that neither the Lead Securitization Note Holder 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 necessary during the term of
this Agreement, each Non-Lead Securitization Note Holder shall deliver to the Lead Securitization Note Holder or Servicer, as
applicable, evidence satisfactory to the Lead Securitization Note Holder substantiating that such Note Holder is not a Non-Exempt
Person and that the Lead Securitization Note Holder 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. Without limiting the effect of the foregoing, (i) if a Non-Lead
Securitization Note Holder 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 Note Holder an Internal Revenue

 

    -44-

     

    

 

Service Form W-9 and (ii) if a Non-Lead Securitization Note Holder 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 Note Holder
shall satisfy the requirements of the preceding sentence by furnishing to the Lead Securitization Note Holder Internal Revenue
Service Form W-8ECI, Form W-8IMY (with appropriate attachments) or Form W-8BEN, or successor forms, as may be required from time
to time, duly executed by such Note Holder, as evidence of such Note Holder’s exemption from the withholding of United States
tax with respect thereto. The Lead Securitization Note Holder shall not be obligated to make any payment hereunder with respect
to any Non-Lead Securitization Note or otherwise until the related Non-Lead Securitization Note Holder shall have furnished to
the Lead Securitization Note Holder requested forms, certificates, statements or documents.

 

Section
25.            Custody of Mortgage Loan Documents. Prior to the
First Securitization, the originals of all of the Mortgage Loan Documents (other than the Notes) shall be held by the Initial
Agent on behalf of the registered holders of the Notes. On and after the closing of the Lead Securitization, the originals of
all of the Mortgage Loan Documents (other than the originals of the Non-Lead Securitization Notes) shall be held by the Trustee
through a duly appointed custodian therefor, in accordance with the terms of the Lead Securitization Servicing Agreement, on behalf
of the registered holders of the Notes; provided that if the First Securitization is not the Note A-1 Securitization, (i)
the originals of all of the Mortgage Loan Documents (other than the Note being deposited into the First Securitization) shall
be transferred to and held by the Trustee (of the First Securitization) through a duly appointed custodian therefor under the
First Securitization, on behalf of the registered holders of the Notes, until the Note A-1 Securitization Date, on which date,
the originals of all of the Mortgage Loan Documents (other than Note A-2) shall be transferred to and held in the name of the
Trustee (by a duly appointed custodian therefor) under the Note A-1 PSA on behalf of the registered holders of the Notes; and
(ii) all Mortgage Loan Documents (other than the Note that is deposited into the First Securitization) shall not be recorded or
filed to reflect the name of the trustee under the Securitization Servicing Agreement for the First Securitization (except to
the extent specifically provided for in the Securitization Servicing Agreement for the First Securitization).

 

Section
26.            Cooperation in Securitization. Each Note Holder acknowledges
that any Note Holder may elect, in its sole discretion, to include its Note in a Securitization. In connection with a Securitization
and subject to the terms of the preceding sentence, at the request of the related Securitizing Note Holder, the related Non-Securitizing
Note Holder shall use reasonable efforts, at such Securitizing Note Holder’s expense, to satisfy, and to cooperate with
such Securitizing Note Holder in attempting to cause the Mortgage Loan Borrower to satisfy, the market standards to which such
Securitizing Note Holder customarily adheres or that may be reasonably required in the marketplace or by the Rating Agencies in
connection with such Securitization, including, entering into (or consenting to, as applicable) any modifications to this Agreement
or the Mortgage Loan Documents and to cooperate with such Securitizing Note Holder 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 such Securitization; provided, that no Non-Securitizing Note Holder 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)

 

    -45-

     

    

 

change the interest allocable to, or the amount of any payments due to or priority of such payments to,
such Non-Securitizing Note Holder or (ii) materially increase such Non-Securitizing Note Holder’s obligations or materially
decrease such Non-Securitizing Note Holder’s rights, remedies or protections. In connection with any Securitization, each
related Non-Securitizing Note Holder shall provide for inclusion in any disclosure document relating to such Securitization such
information concerning such Non-Securitizing Note Holder and its Note as the related Securitizing Note Holder reasonably determines
to be necessary or appropriate, and such Non-Securitizing Note Holder shall, at such Securitizing Note Holder’s expense,
cooperate with the reasonable requests of each Rating Agency and such Securitizing Note Holder in connection with such Securitization
(including, without limitation, reasonably cooperating with such Securitizing Note Holder (without any obligation to make additional
representations and warranties) to enable such Securitizing Note Holder to make all necessary certifications and deliver all necessary
opinions (including customary securities law opinions) in connection with the Mortgage Loan and such Securitization), as well
as in connection with all other matters and the preparation of any offering documents thereof and to review and respond reasonably
promptly with respect to any information relating to such Note Holder and its Note in any Securitization document. Each Note Holder
acknowledges that in connection with any Securitization, the information provided by it in its capacity as a Non-Securitizing
Note Holder to the related Securitizing Note Holder may be incorporated into the offering documents for such Securitization. Each
Securitizing Note Holder and each Rating Agency shall be entitled to rely on the information supplied by, or on behalf of, each
Non-Securitizing Note Holder.

 

Upon
request, each Securitizing Note Holder shall deliver to the Non-Securitizing Note Holder drafts of the preliminary and final offering
memoranda, prospectus supplement, free writing prospectus and any other disclosure documents and the pooling and servicing agreement
for the Securitization of such Securitizing Note Holder’s Note and provide reasonable opportunity to review and comment
on such documents.

 

Section
27.            Notices. All notices required hereunder shall be
given by (i) facsimile transmission or e-mail (during business hours) if the sender on the same day sends a confirming copy of
such notice by reputable overnight delivery service (charges prepaid), (ii) reputable overnight delivery service (charges prepaid)
or (iii) 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.

 

Section
28.            Broker. Each Note Holder represents to each other
that no broker was responsible for bringing about this transaction.

 

Section
29.            Certain Matters Affecting the Agent.

 

Section
30.          The Agent may request and/or rely upon and shall be protected
in acting or refraining from acting upon any representation made or assignment and assumption agreement delivered to the Agent
pursuant to Section 14 and Section 15;

 

    -46-

     

    

 

(a)          
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;

 

(b)          
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 Note Holder pursuant to the provisions of this Agreement, unless it has received indemnity reasonably
satisfactory to it;

 

(c)          
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;

 

(d)          
The Agent shall not be bound to make any investigation into the facts or matters stated in any representation made or assignment
and assumption agreement delivered to the Agent pursuant to Section 15;

 

(e)          
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; and

 

(f)          
The Agent represents and warrants that it is a Qualified Institutional Lender.

 

Section
31.            Reserved.

 

Section
32.            Resignation of Agent. The Agent may resign at any
time on ten (10) days’ prior notice, so long as a successor Agent, reasonably satisfactory to the Note Holders (it being
agreed that a Servicer, the Trustee or a Certificate Administrator in a Securitization is satisfactory to the Note Holders), has
agreed to be bound by this Agreement and perform the duties of the Agent hereunder. Column, as Initial Agent, may transfer its
rights and obligations to the Interim Servicer, a Servicer, the Trustee or the Certificate Administrator, as successor Agent,
at any time without the consent of any Note Holder. Notwithstanding the foregoing, Note Holders hereby agree that, simultaneously
with the closing of a Lead Securitization, the Master Servicer shall be deemed to have been automatically appointed as the successor
Agent under this Agreement in place of Column, the Interim Servicer or the master servicer of the First Securitization, as applicable,
without any further notice or other action. The termination or resignation of such Master Servicer, as Master Servicer under the
Lead Securitization Servicing Agreement, shall be deemed a termination or resignation of such Master Servicer as Agent under this
Agreement, and any successor master servicer shall be deemed to have been automatically appointed as the successor Agent under
this Agreement in place thereof without any further notice or other action.

 

Section
33.            Resizing. Notwithstanding any other provision of
this Agreement, for so long as any Note Holder or an affiliate thereof (each, an “Original Entity”) is the
owner of a Note that is not included in a Securitization (each, an “Owned Note”), such Original Entity shall
have the right, subject to the terms of the Mortgage Loan Documents, to cause the Mortgage Loan Borrower to execute amended and
restated notes or additional notes (in either case, “New Notes”)

 

    -47-

     

    

 

reallocating the principal of the Owned Note
to such New Notes; or severing the Owned Note into one or more further “component” notes in the aggregate principal
amount equal to the then outstanding principal balance of the Owned Note provided that (i) the aggregate principal balance
of all outstanding New Notes following such amendments is no greater than the aggregate principal of the Owned Note prior to such
amendments, (ii) all Notes continue to have the same weighted average interest rate as the Notes prior to such amendments, (iii)
all Notes pay pro rata and on a pari passu basis and such reallocated or component notes shall be automatically
subject to the terms of this Agreement, and (iv) the Original Entity holding the New Notes shall notify the Lead Securitization
Note Holder, the Master Servicer, the Special Servicer, the Certificate Administrator and the Trustee in writing of such modified
allocations and principal amounts. Except for the foregoing reallocation and for modifications pursuant to the Lead Securitization
Servicing Agreement (as discussed in Section 5), no Note may be modified or amended without the consent of its holder
and the consent of the holder of the other Note. In connection with the foregoing (provided the conditions set forth in (i) through
(iv) above are satisfied), the Master Servicer is hereby authorized and directed to execute amendments to the Mortgage Loan Documents
and this Agreement on behalf of any or all of the Note Holders, as applicable, solely for the purpose of reflecting such reallocation
of principal. If more than one New Note is created hereunder, for purposes of exercising the rights of a “Controlling Note
Holder” or Non-Controlling Note Holder hereunder, the “Controlling Note Holder” or Non-Controlling Note Holder”,
as applicable, of such New Notes shall be as provided in the definition of such terms in this Agreement, provided that the Controlling
Note Holder shall be entitled to designate any New Note created from the originally existing Controlling Note to be a Non-Controlling
Note Holder. If the Lead Securitization Note Holder so requests, the Original Entity holding the New Notes shall (a) represent
that the conditions set forth in (i) through (iv) have been satisfied and/or (b) deliver a confirmation of the continued applicability
of this Agreement to the New Notes.

 

[Signature
Page Follows]

 

    -48-

     

    

 

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

 

		COLUMN FINANCIAL, INC., as Initial Agent and

                                                  Initial Note A-1 Holder

	 	 	 
	 	By:	/s/ David Tlusty
	 	 	Name:     David
Tlusty
	 	 	Title:     Authorized
Signatory
	 	 	 
	 	SOCIÉTÉ GÉNÉRALE FINANCIAL

                                                        CORPORATION, as Initial Note A-2 Holder

	 	 	 
	 	By:	/s/ Kevin
Kelley
	 	 	Name:     Kevin
Kelley
	 	 	Title:     Vice
President

 

Agreement
Between Note Holders

 

    

     

    

 

EXHIBIT
A

 

MORTGAGE
LOAN SCHEDULE

 

Description
of Mortgage Loan

	Mortgage
    Loan Borrower:	See
    Exhibit B attached hereto
	Date
    of Mortgage Loan:	April
    12, 2019
	Date
    of Notes:	April
    12, 2019
	Original
    Principal Amount of Mortgage Loan:	$97,500,000
	Principal
    Amount of Mortgage Loan as of the date hereof:	$97,500,000
	Initial
    Note A-1 Principal Balance:	$48,750,000
	Initial
    Note A-2 Principal Balance:	$48,750,000
	Location
    of Mortgaged Property:	See
    Exhibit C attached hereto.
	Initial
    Maturity Date:	May
    6, 2029

 

    

     

    

 

EXHIBIT
B

 

MORTGAGE
LOAN BORROWERS

 

		1.	ARG
                                         RMAKROH001, LLC, a Delaware limited liability company

 

		2.	ARC
                                         WWHWCMI001, LLC, a Delaware limited liability company

 

		3.	ARG
                                         BIJTNNY001, LLC, a Delaware limited liability company

 

		4.	ARG
                                         CMPCRMS001, LLC, a Delaware limited liability company

 

		5.	ARC
                                         FESANTX001, LLC, a Delaware limited liability company

 

		6.	ARC
                                         DINCNOH001, LLC, a Delaware limited liability company

 

		7.	ARC
                                         MSELGIL001, LLC, a Delaware limited liability company

 

		8.	ARG
                                         FEGRNNC001, LLC, a Delaware limited liability company

 

		9.	ARC
                                         CWGRDMI001, LLC, a Delaware limited liability company

 

		10.	ARG
                                         FEBLCID001, LLC, a Delaware limited liability company

 

		11.	ARC
                                         CWARANE001, LLC, a Delaware limited liability company

 

		12.	ARC
                                         CWSALKS001, LLC, a Delaware limited liability company

 

		13.	ARC
                                         CWRVTIL001, LLC, a Delaware limited liability company

 

		14.	ARC
                                         CWWPKMN001, LLC, a Delaware limited liability company

 

		15.	ARC
                                         CWVININ001, LLC, a Delaware limited liability company

 

		16.	ARC
                                         CWUVLOH001, LLC, a Delaware limited liability company

 

    

     

    

 

EXHIBIT
C

 

MORTGAGE
LOAN PROPERTIES

 

    

     

    

 

EXHIBIT
B 

 

		1.	Initial
Note A-1 Holder:

 

Column
Financial, Inc.

11 Madison Avenue

New York, New York 10010

Attn: David Tlusty

 

and:

 

Column
Financial, Inc.

1 Madison Avenue

New York, New York 10010

Attn: Mark Covey, Esq.

 

		2.	Initial
Note A-2 Holder

 

Société
Générale Financial Corporation

245 Park Avenue

New York, New York 10167

Attention: COO – CM Loan Origination

Email: US-Glfi-Abp-Cmbs-Notices@sgcib.com

 

    

     

    

 

EXHIBIT
C 

 

PERMITTED
FUND MANAGERS 

 

		1.	AllianceBernstein

		2.	Annaly
Capital Management

		3.	Apollo
Real Estate Advisors

		4.	Archon
Capital, L.P.

		5.	AREA
Property Partners

		6.	Artemis
Real Estate Partners

		7.	BlackRock,
Inc.

		8.	Clarion
Partners

		9.	Colony
Northstar, Inc.

		10.	DLJ
Real Estate Capital Partners

		11.	Dune
Real Estate Partners

		12.	Eightfold
Real Estate Capital, L.P.

		13.	Five
Mile Capital Partners

		14.	Fortress
Investment Group, LLC

		15.	Garrison
Investment Group

		16.	H/2
Capital Partners LLC

		17.	Hudson
Advisors

		18.	Investcorp
International

		19.	iStar
Financial Inc.

		20.	J.P.
Morgan Investment Management Inc.

		21.	JER
Partners

		22.	Lend-Lease
Real Estate Investments

		23.	Libermax
Capital LLC

		24.	LoanCore
Capital

		25.	Lone
Star Funds

		26.	Lowe
Enterprises

		27.	Normandy
Real Estate Partners

		28.	Och-Ziff
Capital Management Group

		29.	Praedium
Group

		30.	Raith
Capital Partners, LLC

		31.	Rialto
Capital Management LLC

		32.	Rialto
Capital Advisors LLC

		33.	Rockpoint
Group

		34.	Rockwood

		35.	RREEF
Funds

		36.	Square
Mile Capital Management

		37.	The
Blackstone Group

		38.	The
Carlyle Group

		39.	Torchlight
Investors

		40.	Walton
Street Capital, L.L.C.

		41.	Westbrook
Partners

		42.	Wheelock
Street Capital

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

 

    

     

    

 

EXHIBIT
D 

MAJOR
DECISIONS

 

(a)          
any proposed or actual foreclosure upon or comparable conversion of the ownership of the Property or the exercise of any other
remedies with respect to the Loan;

 

(b)          any modification, consent to a modification or waiver of a monetary term or material non-monetary term (including, without limitation,
the timing of payments and acceptance of discounted payoffs but excluding late payment charges or default interest) of the Loan
or any extension of the maturity date of the Loan;

 

(c)          
any sale of the Loan if the Loan is in default for less than the applicable Repurchase Price;

 

(d)          any determination to bring the Property into compliance with applicable environmental laws or to otherwise address Hazardous Substances
located at the Property;

 

(e)          
any requests for the release of any portion of the property, other than (i) grants of easements or rights of way that do not materially
affect the use or value of the Property or the Borrower’s ability to make any payments with respect to the Loan, (ii) release
of non-material parcels of the Property that are related to any condemnation action that is pending, or threatened in writing,
and would affect a non-material portion of the Property), or (iii) the release of collateral securing the Loan in connection with
a defeasance of such collateral;

 

(f)          
any waiver of a “due-on-sale” or “due-on-encumbrance” clause with respect to the Loan or any consent to
such waiver or consent to a transfer of the Property or interests in the Borrower or consent to the incurrence of additional debt,
other than any such transfer or incurrence of debt as may be effected without the consent of the Lenders under the Loan Agreement;

 

(g)          any property management company changes with respect to the Loan for which the Lender(s) are/is required to consent or approve
under the Loan Documents;

 

(h)          releases of any amounts from escrow accounts, reserve accounts or letters of credit held as performance escrows (or reserves)
other than those required pursuant to the specific terms of the Loan and for which there is no lender discretion;

 

(i)           
any acceptance of an assumption agreement or any other agreement permitting a transfer of interests in the Borrower or guarantor
or releasing the Borrower or guarantor from liability under the Loan other than pursuant to the specific terms of the Loan and
for which there is no lender discretion;

 

(j)           
any approval of insurance or waiver of insurance requirements; and

 

(k)          
any exercise of a material remedy with respect to the Loan following a default or event of default under the Loan Documents.

 

    -2-

     

    

 

Capitalized
terms used in this Exhibit but not defined herein or in the Agreement shall have the meanings ascribed to them in the Mortgage
Loan Agreement.

 

    -3-

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